On Wednesday, Qualcomm Incorporated (Nasdaq: QCOM) -- developer and innovator of advanced wireless technologies, products and services -- reported its third Quarter Fiscal 2009 Results.

Qualcomm reported earnings of $737 million reflecting $0.44 cents per share a 1.5 percent decrease compare to last year period of $748 million reflecting $0.45 cents per share.

Revenue edged lower to $2.75 billion from $2.76 billion in the prior year and $2.46 billion in the prior quarter.

Our financial results reflect a record quarter for MSM chipset shipments, strong licensing and royalty revenues based on healthy end market demand in the March quarter and a 5 percent year-over-year reduction in combined R&D and SG&A expenses,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.

Qualcomm foresee strong quarter on its chipset shipments in the fourth fiscal quarter and raised its fiscal 2009 revenue forecast.

Qualcomm