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Updated from 2:14 p.m. EDT
Qualcomm (QCOM Quote) raised its operating income and sales targets for its June quarter Thursday, but a slowdown in cell-phone sales and falling prices provided a mixed picture.
In its customary fashion, Qualcomm added some caution to its forecast for the upcoming quarter. While demand remains strong, Qualcomm CEO Paul Jacobs said, the global recession has put a pinch on business looking ahead to the September quarter.
"Due to the current economic environment we remain cautious and currently project a modest sequential decrease in chipset shipments," Jacobs said in a press release. ...
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