SAN DIEGO (CNS) - San Diego-based Qualcomm Inc. Wednesday reported net income of $1.21 billion in the third quarter of its fiscal year, up 17 percent from the same period one year ago.
That equates to 69 cents per diluted share for the maker of computer chips inside cell phones and other wireless devices.
The company reported revenues of $4.63 billion, up 28 percent over the same time last year.
"Adoption of 3G and 3G/4G technologies continues around the world, driving strong year-over-year growth in our chipset and licensing businesses this quarter," said Chairman and CEO Paul Jacobs.
He said the company has slightly lowered its expectations for growth in the fourth quarter, however. Qualcomm projects revenue in the final three months of the fiscal year to be between $4.45 billion and $4.85 billion.
For the first nine months of the current fiscal year, net income was $4.9 billion, up 22 percent over the first three quarters of last year, with earnings per diluted share of $2.83, according to Qualcomm.
A 27-year-old man suffered fatal injuries as the result of a "punching game'' inside of a bar Saturday morning in the Gaslamp
neighborhood of San Diego.
SANDAG began removing call boxes along urban highways throughout the San Diego region this month and will continue to do so through June, reflecting a decrease in call volume due to the increase in cell phone ownership.
Authorities today announced that police have arrested a suspect in connection with Friday's sexual assault on the campus of San Diego Mesa College. The name of the suspect was not immediately released.
Showers will be mostly light Saturday morning, decreasing into early Saturday afternoon. Another round of showers expected to push through late afternoon ending late Saturday night.
Police Chief David Nisleit Friday strongly disavowed what he described as an unofficial, "never authorized" departmental program that rewarded officers for making narcotics arrests.
On Friday, San Diego Police announced their search for a suspect involved in a robbery off the San Diego State University campus.
A court-appointed receiver has taken control of a Pacific Beach "hoarder house" that has accumulated trash, created unsafe conditions for children and harbored vermin in recent years, the San Diego City Attorney's Office announced Friday.
The owners of Hauser's Patio reached out to News 8 Friday morning asking to be put in contact with the couple who had their furniture stolen from their patio in Pacific Beach this week.