Qualcomm Boosts Outlook for Shipments

Qualcomm Inc. said it would ship more mobile telephone chips than the company previously forecast during this quarter and next as consumers snap up handsets with color screens and digital cameras.

At least 28 million chips will be shipped in its fiscal first quarter ending Dec. 29, compared with a previous estimate of 25 million to 27 million, the San Diego-based company said. Qualcomm will ship 24 million to 27 million chips in the next three months, more than a forecast of at least 20 million.

Qualcomm shares climbed $1.90 to $41.48 on Nasdaq.