SAN DIEGO (AP) - Qualcomm Inc. says its fiscal fourth-quarter profit slipped 9 percent as revenue from the mobile phone technology it licenses and mobile-phone chips it makes declined.

Qualcomm, based in San Diego, said Wednesday earnings for the three months ended Sept. 27 fell to $803 million, or 48 cents per share, from $878 million, or 52 cents per share, in the same period last year.

That fell short of expectations. Analysts surveyed by Thomson Reuters forecast a profit of 52 cents per share.

QUALCOMM INC  NASDAQ:QCOM  Updated: 16:00 ET  45.56  +0.01

Revenue declined 19 percent to $2.7 billion from $3.3 billion in the year-ago quarter, matching analysts' estimates.

For the full fiscal year, Qualcomm's profit plunged 50 percent to $1.6 billion, or 95 cents per share, from $3.2 billion, or $1.90 per share in 2008.

Revenue slipped 7 percent to $10.4 billion from $11.1 billion last year, but still matched analysts' expectations.

For the current first quarter, the company forecast an adjusted profit of 54 cents to 58 cents per share on $2.6 billion to $2.8 billion in revenue. Analysts are looking for first-quarter earnings of 56 cents per share on revenue of $2.8 billion.

Qualcomm predicted full-year earnings of $2.10 to $2.30 per share on revenue of $10.5 billion to $11.3 billion. The Street expects a higher profit of $2.32 on $10.4 billion in revenue.

11/04/09 18:43 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press.