Leading handset chip maker, Qualcomm announced its Q4 financial results for the quarter ended September 27, 2009 wherein the company posted net profit of $ 803 million down 9% on a yoy comparison but at a rise of 9% on a qoq comparison.

Revenues too were down on a yoy basis by 19% at $ 2.69 billion but a 2% rise on a sequential basis. EPS was $0.48 at the end of quarter.

"The fourth quarter of fiscal 2009 results included a $230 million charge, or $0.14 diluted loss per share, related to an estimated fine expected to be levied by the Korea Fair Trade Commission,” said a company statement.

The quarter also marked the closing of fiscal year for the company with revenues for the whole year standing at $ 10.42 billion at yearly decline of 7%. Net profit was $1.59 billion at 50 % drop.

The company’s operating cash flow looks reasonably strong at $ 7.17 billion which included a $2.5 billion payment received from Nokia over licence and settlement agreements.

For the future outlook, the company says that it expects the WCDMA/CDMA device shipments to marginally increase to 130-135 million units as compared to almost 125 million shipped in Q4 09. However the average wholesale selling price of such device may fall from $212 to $ 198 by Q1 2010.

“I am very pleased with the performance of our businesses this past year, despite a challenging and uncertain global economic environment,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. “Our revenues for fiscal year 2009 were in line with our guidance at the outset of the year. Our operating performance remained strong, driven by continued 3G growth, execution in our chipset business and disciplined management of operating expenses. I am also pleased to announce that we recently extended our license agreement with Samsung, covering both 3G and 4G.”