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January 28, 2009

Qualcomm Profit Falls on Chip Slump, Investment Loss (Update1) - Bloomberg

Filed under: Investment News, Stock Trading — admin @ 11:05 pm

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Jan. 28 (Bloomberg) — Qualcomm Inc. , the worlds biggest maker of mobile-phone chips, reported a 56 percent drop in first-quarter profit and cut its annual sales forecast after the recession curbed growth and hurt its investments. Net income fell …

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