Qualcomm (QCOM ) now sees total second-quarter earnings per share of 47 cents to 49 cents on a 13% to 15% revenue rise. The wireless communications technology provider sees 48 cents to 50 cents second-quarter earnings per share excluding the Strategic Initiatives (QSI) segment. The estimates are based on a shipment of about 31 million to 32 million Mobile Station Modem phone chips. Shares jumped. S&P reiterates buy. Banc of America raised its estimates and target.
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