Some not so good news from Qualcomm today. Everything keeps shrinking. The economy, the job market, the chip business. It’s almost like our economy has been taking diet pills. We’re looking thinner, but now we sure are hungry.

Wireless chip and technology supplier Qualcomm Inc (QCOM.O) issued a revenue target for the current quarter that was below Wall Street expectations, sending its shares down about 5 percent.

Qualcomm, which also posted a small drop in fiscal third-quarter profit, forecast fourth-quarter revenue of $2.55 billion to $2.75 billion, implying a midpoint of $2.65 billion, which is well below analysts’ average estimate for $2.72 billion, according to Reuters Estimates.

How soon do you think it will be, until things really start to turn around?

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