Standing out from many mobile-business companies, Qualcomm says it narrowed losses and increased revenue during its fiscal third quarter ended in June. The company reports a net loss of $14 million, or 2 cents per share, compared with a loss of $193.5 million, or 26 cents per share, one year earlier. Sales rose 17 percent to $771 million from $657 million the same quarter of 2001.
Qualcomm's bottom line in the most recent quarter was hit by $194 million in charges related to investments in Leap Wireless
International, which operates the flat-rate Cricket mobile service. Read the complete article