Processing in a baseband processor is improved by estimating channelization code powers when processing received signals and reducing at least one of interference and noise power from the code power estimates. According to one embodiment of a wireless communication device such as a mobile phone or Local Area Network (LAN) adapter, the device comprises circuitry configured to receive a composite signal having contributions from a signal of interest and one or more interfering signals and a baseband processor. The baseband processor is configured to estimate channelization code powers for a channelization code associated with the signal of interest and one or more channelization codes associated with the one or more interfering signals. The baseband processor is also configured to reduce at least one of interference and noise power from the channelization code power estimates.