Earnings: Qualcomm Swings To Loss On Broadcom Settlement ; Global Demand For 3G Strong

By Dianne See Morrison Apr. 27, 2009, 6:31pm Comments Off

image Cellphone chipmaker Qualcomm (NSDQ: QCOM) reported a second quarter loss of $289 million on the back of its costly settlement to end its patent battle with rival Broadcom, and on slumping demand for its products, as the global slowdown in handset sales continues to bite. The world