Qualcomm forecasts sales above estimates, settles dispute with Huawei

Shares of the company were up as much as 13% in extended trading despite a forecast for fourth-quarter chip revenue slightly lower than analysts expected because of a delayed "flagship phone launch" analyst believe is Apple's new iPhones.The company also said it resolved a licensing dispute with Huawei, which will pay Qualcomm a catch-up payment of $1.8 billion in the fiscal fourth quarter.While Huawei is still barred from buying Qualcomm's chips under U.S. regulations, it has now resumed paying