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Preopen Trading: Futures Trading Higher; Chip Stocks Are in the News
Wireless communications technology company Qualcomm (QCOM Quote) was the stock to watch this morning after the company said it may see "modestly lower" chipset orders in the fourth quarter due to an expected drop in domestic South Korean phone sales.
Although the company said the drop would not affect its third-quarter earnings, it didn't say whether it would hurt its fourth quarter. Qualcomm said it would provide additional information on its fourth-quarter expecations on July 19, when it reports third-quarter results
The company lately was down 3 11/16 to 60 on Instinet and Island. ...
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