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Qualcomm Lifts Phone-Chip Forecast

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From Bloomberg News

Qualcomm Inc. said it would sell 1 million more phone chips in its second quarter than the company had forecast, as demand in Asia rises.

Qualcomm plans to ship about 28 million phone chips in the three months ending March 30. Qualcomm shipped 14 million chips in the year-earlier period. Qualcomm shares fell 94 cents to $34.24 on Nasdaq.

From Bloomberg News

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