SAN DIEGO (AP) - Chip maker Qualcomm says its fiscal first-quarter income plunged 56%, as it slashed its forecasts for revenue and operating income.
The company says the global economic slowdown and financial crisis has slowed demand for its chips that run many of the world's mobile phones. It says its financial investments have also taken a significant hit.
The San Diego-based company lowered its estimate for 2009 operating income to a range between $2.2 billion and $2.5 billion, from a range between $2.6 billion and $2.8 billion.
It now expects 2009 revenue between $9.3 billion and $9.8 billion, down from its previous estimate of between $10.2 billion and $10.8 billion, and below an estimate of $10.23 billion among analysts polled by Thomson Reuters.
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After a fall-like and mild weekend, temperatures are expected to heat up around San Diego throughout the week.
An early morning vegetation and trash fire at a homeless encampment threatened nearby condos and resulted in at least one injury Sunday.
Detoured traffic is unusually light during the closure of all Mexico-bound car traffic at the busiest U.S. border crossing in San Diego.
The city's search for the next top cop is underway as police chief Shelly Zimmerman prepares to step down in March.
More than 200 surfers paddled out for a daunting day-long challenge Saturday inspired by young men in the community facing a far bigger one.
A semi-truck ran over a fire hydrant Saturday afternoon in Grant Hill causing a huge geyser to spray into the air. Luckily, firefighters were just minutes away at a community event and were able to put a stop to the water quickly.
Employees of an Otay Mesa towing company arrived at work Saturday morning to find the body of a coworker under a vehicle
The Golden State Warriors say they will not go to the White House when they visit Washington early next year, announcing the decision hours after President Donald Trump tweeted he was withdrawing the invitation.
A clinic providing shots to in a bid to contain a deadly hepatitis A outbreak continued Friday inside the community concourse outside San Diego City Hall.