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Qualcomm Nets $2B for Year

Qualcomm Inc. reported net income of $538 million on revenue of $1.56 billion during its fourth quarter, which ended Sept. 25.

The company, which designs microchips and sells other technology for wireless communications, released its earnings after the stock market closed Nov. 2.

For the year, the company reported net income of $2.14 billion on revenue of $5.67 billion.

For fiscal 2006 , which is now a month old , the company forecast revenue in the range of $6.7 billion to $7.1 billion.

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Qualcomm stock closed at $40.38. At one point during after-hours trading raised the price to $41.50.

, Brad Graves

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