Qualcomm drooling over Windows 8

Qualcomm had a really good fourth quarter and it seems the elation of the results got some of the execs talking about Windows 8 very enthusiastically.

Among some of the revelations – they have over 350 devices in development based on the company’s Snapdragon chip.

Some of the Windows related comments came from Qualcomm CEO Paul Jacobs and Steve Mollenkopf, executive vice president.

Steve Altman, president of Qualcomm:

On Windows 8, we don’t think that will be a big revenue event here in this fiscal year, but we continue to invest, I think, upstream of what we think will be a very interesting opportunity. So there are multiple chipsets actually right now in development in support of what we think will be a pretty interesting market here in the nextseveral years.

I don’t want to talk in any great detail about the timing. I think Microsoft alluded to that or at least provided some indication at their recent Build conference. But I will say that the initial products that we will use are already in the lab and already are in customer hands. So it is really an active development project now for us.

Steve Mollenkopf:

We continue to invest in the Windows computing platform and associated ecosystem to address new device categories beyond traditional cellular. Microsoft recently demonstrated Windows 8 running on Snapdragon at their Build conference and highlighted how our mobile architecture enables a feature called connected standby.

This feature enables a Windows 8 PC to run on low power mode and remain connected to the network in an always up-to-the-date much like smartphones do today. This underscores the advantages of our mobile architecture. We expect Windows 8 to be a significant opportunity for us beyond this fiscal year.

Qualcomm seem to be on fire right now earnings wise. They reported earnings of $1.06 billion, or 62 cents a share, on revenue of $4.12 billion, up 39 percent from a year ago.

Non-GAAP earnings were 80 cents a share, two pennies better than Wall Street estimates. Qualcomm reported fiscal 2011 earnings of $4.26 billion, or $2.52 a share, on revenue of $14.96 billion, up 36 percent from a year ago.

Non-GAAP earnings were $3.20 a share.

For 2011, Qualcomm shipped 483 million CDMA handsets.

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