Qualcomm (San Diego) said sales for the company's fiscal fourth quarter, ended Sept. 27, slipped to $2.69 billion, down 2 percent compared to the previous quarter and down 19 percent compared with the year-ago quarter. The company's net income for the period slipped to $803 million, down 9 percent sequentially and 9 percent year-to-year, Qualcomm said.

On a pro forma basis, excluding charges, Qualcomm said net income was $811 million, down 10 percent sequentially and 23 percent year to year. Pro forma earnings equated to 48 cents per diluted share, down 11 percent sequentially and 24 percent year-to-year, Qualcomm said.

Analysts had, on average, expected Qualcomm to post revenue of $2.72 billion and pro forma diluted earnings of 52 cents per share for the company's fiscal fourth quarter, according to Yahoo Finance.

For fiscal 2009, also ended Sept. 27, Qualcomm's total sales were $10.39 billion, down 7 percent from fiscal 2008, the company said. Net income for the fiscal year slipped to $2.19 billion, down 42 percent compared to fiscal 2008, Qualcomm said.

Qualcomm said its fiscal fourth quarter results included a $230 million charge related to an estimated fine expected to be levied by the Korea Fair Trade Commission. The company's fiscal 2009 results included a $783 million related to an $891 million settlement and patent licensing agreement with Broadcom Corp., the company said.

In a statement, Paul E. Jacobs, Qualcomm chairman and CEO, said the company recently extended its license agreement with Samsung, covering both 3G and 4G. Reuters reported that Samsung said in a regulatory filing it would make a $1.3 billion down payment to Qualcomm for a license. Samsung said the deal is a 15-year contract that would involve another reoccurring, unspecified royalty payment, according to the Reuters report.

Qualcomm said it expects revenue for the current quarter to be between $2.55 billion and $2.75 billion, which would represent an increase of 2 to 10 percent over the year-ago period, Qualcomm said. Consensus analyst expectations for the current quarter had called for revenue of $2.84 billion, according to Yahoo Finance.