Technology

Qualcomm shares rise on strong forecast, Huawei agreement



Qualcomm gave a strong sales forecast for the current quarter, signalling that fifth generation mobile phone services are taking off. The chip maker also announced a new licensing deal with China’s Huawei Technologies, sending shares up more than 12 per cent in extended trading.Revenue excluding certain items will be US$5.5 billion to US$6.3 billion in the period ending in September, the San Diego-based company said Wednesday in a statement. Analysts, on average, estimated US$5.77 billion,…



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