Battles with Nokia and Broadcom take toll on stock despite record results
(NEWSER) - Qualcomm reported record sales and profits for its 2007 fiscal year, but if its executives thought that would please a jittery Wall Street, they were wrong, as shares fell in after hours trading. The Financial Times reports the company is in a long-running and costly multinational legal battle with Nokia, and disappointing revenue forecasts excluded any estimated royalties from the cell phone giant. More»
