21 Quotes by Michael Ching

Chipset sales declined 26 percent to $269 million, and operating margins dropped to 24 percent from 39 percent. Qualcomm shipped only 11 million chipsets in the quarter, down from 15 million in the preceding quarter and 13.5 million a year ago. This disappointing performance partially reflected continued weak demand in Korea.

The growth in Lucent's optical systems revenue has been the biggest disappointment.

An acquirer could purchase the entire Lucent and recover a substantial portion of the payment through a sale of the microelectronics group.