LONDON Paul Jacobs, chairman and CEO of Qualcomm Inc. (San Diego, Calif.) said he heard someone say it was a LUV economy. That is the European economy is performing in the shape of an L, the U.S. economy is performing in the shape of U and the Asian economy is performing like a V.
Speaking to attendees at the company's investor day in New York on Thursday (Nov. 12) Jacobs said: "I think maybe that is an accurate way of projecting it, based on how we see sales going in terms of demand for handsets."
Must Europe get used to the idea of recovery-less economy?
Related links and articles:
Qualcomm demos Adobe Flash 10 on ARM-based netbook
Qualcomm starts sampling 1-GHz smartphone chipsets
SIA sees smaller chip sales decline for 2009