Qualcomm 1Q earnings surge nearly 40 percent

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The estimates do not include the potential impact of Qualcomm’s acquisition of chip maker Atheros Communications Inc. for $3.2 billion, a deal that is expected to close by the end of June.

The results were released after markets closed. In regular trading, Qualcomm shares rose 34 cents, or 0.7 percent, to close at $51.86. They added $3.04, or 5.9 percent, to $54.90 in after-hours trading.

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AP Technology Writer Jordan Robertson in San Francisco contributed to this report.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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