This Wasn't Qualcomm's Quarter

SAN DIEGO (TheStreet -- Qualcomm(QCOM Quote) saw its sales slump during the fourth quarter, and the component manufacturer also missed Wall Street's profit estimate.

The chipmaker reported revenue of $2.69 billion after market close, down 19% on the same period last year, and just below analysts' estimate of $2.72 billion. Revenue, however, declined just 2% compared to the third quarter.

Qualcomm's fourth-quarter numbers included a charge of $230 million, or 14 cents a share, related to an estimated fine from the Korea Fair Trade Commission. The prior year's quarter also included $560 million in revenue from license and settlement agreements with Nokia(NOK Quote). ...