3G demand strong despite weak US economy

Demand for advanced mobile technology was healthy, despite worries about a weaker US economy, Qualcomm said.

Quoted by a Reuters report, Qualcomm COO Len Lauer said that 'things haven't changed' since the company's conference call with analysts in late July, when it raised its forecast for 2008 amid strong growth in phones with high-speed web links.

Lauer said that 'good, healthy demand for 3G' continues.

His comments come amid concerns about the strength of the global wireless market, with Nokia warning last week of aggressive pricing and weak consumer confidence, the Reuters report further said.

Qualcomm Chief Executive Paul Jacobs said in an interview with CNBC last week that customers were taking longer to replace their cell phones, in remarks that helped drive the company's shares down 3% that day.

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