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Steady stream of bad news hits San Diego's Indian community

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Shalini Chauhan was shopping at Costco Wednesday when her phone pinged with more news from India. This time, she learned, it was her uncle, a man she loved and missed very much, who had died of COVID-19.
Recently, she said, she has learned of 15 such tragedies in just nine days. Each brings with it a wave of grief made worse by being so far away, unable to directly comfort family members and friends who simply cannot escape the relentless horror that has descended on many of India’s most-populous cities.
“At first, it was numbers, then it became, ‘oh, I know so and so’ and now it’s your auntie, it’s your uncle, it’s your friend,” Chauhan said. “At Costco, it just hit me, I was in tears because it’s such a helpless feeling. ....

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Qualcomm's earnings top Wall Street estimates on improving smartphone demand, 5G momentum

Chief Executive Steve Mollenkopf, who is retiring in June, delivers strong results in final earnings report at the helm of San Diego wireless firm. ....

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Qualcomm delivers 52% revenue growth as it welcomes its new CEO

Qualcomm delivers 52% revenue growth as it welcomes its new CEO
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Smartphone chip giant Qualcomm Inc. delivered a blowout quarter today with earnings and revenue that easily beat Wall Street’s expectations combined with triple-digit operating income growth.
The company reported a second-quarter profit before certain costs such as stock compensation of $1.90 per share on revenue of $7.94 billion, up 52% from a year ago. Wall Street had been looking for a profit of $1.67 per share on revenue of $7.6 billion.
The report sent Qualcomm’s stock up 5% in after-hours trading.
Qualcomm Chief Executive Steve Mollenkopf, who will step down from the role on June 30, said the strong results were “driven by sustained demand for smartphones globally and our ability to increase the scale of our non-handset revenues.” ....

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Qualcomm stock drops despite earnings beat, 5G sales surge amid supply constraints

Qualcomm stock drops despite earnings beat, 5G sales surge amid supply constraints
MarketWatch
2/4/2021
EARNINGS RESULTS
Qualcomm Inc. shares dropped in the extended session Wednesday, after the chip maker’s revenue came in slightly lower than expected, acknowledging that industry-wide supply constraints were affecting performance.
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Qualcomm President Cristiano Amon elaborated on the call about the supply situation.
“We have seen, I think, probably shortage across the entire industry,” Amon said. Chip demand is outpacing supply for many chip makers and hardware companies in today’s digital-dominated, COVID-19 environment.
“The V-shaped recovery that we’ve seen across the industry and all of the accelerated digitization is driving semiconductors, and we see that across the board,” Amon told analysts on the call. ....

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Qualcomm rides 5G demand to near record financial results

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With the return of Apple as a customer and the momentum behind 5G smartphones, Qualcomm was expected to report big revenue and earnings numbers for the quarter ended Dec. 31.
The San Diego company did just that on Wednesday, especially on the profit front.
Fiscal second quarter revenue hit $8.235 billion, up 62 percent from the same quarter last year and the second highest on record under Generally Accepted Accounting Principles.
Qualcomm earned $2.455 billion, or $2.12 per share, for the quarter under GAAP a 165 percent gain over the prior year.
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Adjusted earnings, which exclude certain charges, came in at $2.17 per share, ahead of Wall Street analysts’ consensus estimate of $2.06. ....

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