Speaking during a conference call, CEO Rory Read also noted that AMD's server business was heading in "the right direction" with revenue climbing 27% sequentially.
Speaking during a conference call, Qualcomm CEO Paul Jacobs pointed to the company's record $15 billion fiscal 2011 revenue and offered bullish outlook. "Looking forward, we expect strong revenue and earnings growth again in fiscal 2012," he said, citing, in particular, demand for smartphone chips running on CDMA telecom networks. "In the coming year, we expect continued healthy growth in CDMA-based device shipments despite the macroeconomic slowdown."
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