Though the spotlight was on enterprise software this week, there was upbeat news form the chip arena as well. Qualcomm, which specializes in chips for mobile devices, on Wednesday updated its guidance for the quarter ending March 28. It now expects earnings to hit $0.56 to $0.58 per share on revenue of $2.55 billion to $2.65 billion. Qualcomm's prior forecast was for earnings of $0.49 per share to $0.53 per share on revenue of $2.4 billion to $2.6 billion.

The higher forecast is due to "strength in licensing revenues and favorable volume and product mix in our chipset business," said company CEO Paul Jacobs in a .

Revenue for the worldwide chip industry as a whole will grow 16 percent this year, IDC analysts said at an Thursday. That forecast is lower than predictions from other market research companies, mainly because IDC is not as optimistic about consumer sales. However, IDC analyst Mario Morales acknowledged that the sector is "in a full recovery mode."