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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A 16-year-old boy was allegedly drunk when he crashed his car into a stopped vehicle, pinning a motorist between two bumpers, police said Sunday.
San Diego and other areas of Southern California may get significant rain this week, according to the National Weather Service.
Two people were killed in head-on crash, as the driver of a stolen car sped away from deputies and veered into oncoming traffic near Pauma Valley Sunday.
A man was shot and killed by police at an officer- involved shooting in Escondido, a sheriff's lieutenant said Sunday.
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.
A large plume of smoke filled the sky in Miramar on Saturday morning after a concrete supply building went up in flames.
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.
Police Chief David Nisleit Friday strongly disavowed what he described as an unofficial, "never authorized" departmental program that rewarded officers for making narcotics arrests.