Qualcomm delays earnings, cites Broadcom discussions
Qualcomm has delayed its second-quarter earnings statement because of advanced settlement discussions with Broadcom, the company said Wednesday.
Qualcomm is delaying its earnings statement until Monday due to discussions with Broadcom "regarding a global settlement of all disputes between the parties which, if reached, would have an impact on the Qualcomm's financial results for the fiscal second quarter," the company said.
Revenue and operating income for the second quarter of fiscal 2009, excluding the potential impact of the Broadcom agreement, met or exceeded prior guidance, Qualcomm said.
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