Qualcomm brightens financial outlook

Despite some challenging court decisions, Qualcomm is doing quite well financially: The company expects revenue for the quarter ending on September 30 to be "at or slightly above the high end" of its estimated range of $2.15 billion to $2.25 billion. Earnings per share should fall between 52 cents and 53 cents. Previously, the company predicted earnings per share between 48 cents and 50 cents. Qualcomm attributed the higher than expected financials to strong sales of 3G chipsets.

For more on Qualcomm's outlook:
- read this article from the WSJ