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Qualcomm raises profit forecast

September 26, 2007|From Times Wire Services

Qualcomm Inc. raised its profit forecast for the fourth quarter, citing higher-than-expected shipments of its chip sets for more advanced cellphones.

Qualcomm expects earnings of 64 cents to 65 cents a share, up from its previous forecast of 41 cents to 43 cents. The San Diego company says revenue will come in "at or slightly above" its earlier estimate of $2.15 billion to $2.25 billion.

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