Qualcomm Q4 FY2014 earnings boosted by increase in chip sales

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Qualcomm announced its fourth quarter earnings today and they're looking good for the chip manufacturer. The main news from the earnings report is that the company is reporting net income of $1.89 billion on revenues of $6.69 billion. Revenues and income are both up year-over-year, but down from the previous quarter. In addition, Qualcomm's operating income rose to $1.99 billion, up 25 percent year-over-year, but also down 4 percent sequentially.

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