NEW YORK (TheStreet) -- Qualcomm (QCOM) considered picking at a piece of the BlackBerry (BBRY) pie. Speaking with Bloomberg after its fourth-quarter earnings release, CEO Dr. Paul E. Jacobs said the company was evaluating purchasing a portion of BlackBerry's assets before it withdrew its offer for sale.
Earlier in the week, a $4.7 billion takeover deal with Fairfax Financial Holdings unraveled, leading BlackBerry to abstain from further sales talks with additional interested parties. The smartphone maker now plans to raise $1 billion in convertible debt and will reveal a new turnaround plan under the leadership of interim CEO John Chen.
In pre-market trading, BlackBerry inched 0.3% higher to $6.68, after plummeting 14.3% since Monday. Qualcomm shares shed 4% to $66.95 as investors expressed concerns over poor revenue guidance.
For its first-quarter ending December, the mobile chipmaker expects earnings in the range of $1.10 to $1.20 a share and revenue between $6.3 billion and $6.9 billion. Analysts surveyed by Yahoo! Finance had hoped for $1.29 a share on $6.99 billion. The company also gave full year guidance, saying it expects to generate between $26 billion and $27.5 billion in revenues.
QCOM 2014 Guidance: Revs $26-$27.5 bln, Non-GAAP diluted EPS $4.95 to $5.15 Estimated 3G/4G device ASP: ~$223, down approx 1% YoYChris Ciaccia (@Chris_Ciaccia) November 6, 2013
For the fourth-quarter, the San Diego-based company recorded earnings $1.05 a share on revenue 33% higher than a year ago of $6.48 billion. Though earnings were short 3 cents, revenue beat by $130 million due in part to increasing smartphone use in China.