1 Piece of Good News for Qualcomm, Inc.
Qualcomm's (NASDAQ: QCOM) chip business performed well last quarter; revenue grew modestly year-over-year as profitability surged. Unfortunately, that bit of good news was overshadowed by a disastrous result in the company's licensing business, due to legal disputes with Apple (NASDAQ: AAPL) and another undisclosed customer.
While the following piece of good news hardly makes up for the uncertainty around Qualcomm's licensing business, any bit of good news should be welcome to Qualcomm stockholders.
Image source: Apple.
Source: Fool.com
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