Your News Alert for QCOM

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IMAGE] [IMAGE] =09 As requested, your News Alert for QCOM follows from Eq=
uityAlert.com. QUALCOMM Announces New Financial Segment Reporting SAN=
DIEGO, Jan 17, 2002 (BUSINESS WIRE) -- QUALCOMM Incorporated (Nasdaq: QCOM=
), today provided access to historical data in its new financial segment re=
porting format. The new reporting includes two new segments, called QUALCOM=
M Wireless & Internet and QUALCOMM Strategic Initiatives, which were create=
d as a result of certain changes in the Company's businesses and managerial=
reporting as announced in July 2001. Effective in the first quarter of fis=
cal 2002, the Company's complete financial segment reporting includes: --=
QUALCOMM CDMA Technologies (QCT) -- develops and supplies industr=
y-leading CDMA chipset and system software solutions used in networ=
k infrastructure equipment, phones and other wireless devices. QCT =
integrates industry-leading capabilities into its chipsets; includi=
ng radioOne(TM) direct conversion technology and gpsOne(TM) wireles=
s position location technology facilitated by SnapTrack(TM), a whol=
ly owned subsidiary of QUALCOMM. -- QUALCOMM Technology Licens=
ing (QTL) -- licenses the Company's essential CDMA patent portfolio=
to telecom equipment and consumer electronics manufacturers worldw=
ide. To date, QUALCOMM has licensed over 100 companies to use its p=
ortfolio of over 1,900 U.S. patents and patent applications applica=
ble to CDMA and other technologies. -- QUALCOMM Wireless & Int=
ernet (QWI) -- comprised of the following businesses: -- Q=
UALCOMM Internet Services (QIS) -- formed to accelerate the dev=
elopment of applications for the wireless Internet, building on=
QUALCOMM's Binary Runtime Environment for Wireless(TM) (BREW(T=
M)) applications platform. The BREW platform enables hardware m=
anufacturers and software developers to quickly create new prod=
ucts and applications, and allows users to download and run tho=
se applications on their wireless devices. -- QUALCOMM=
Digital Media (QDM) -- develops technologies to support the pr=
ocessing, transmission and management of content for a variety =
of media applications, including the delivery of digitized moti=
on pictures (Digital Cinema) and highly secure, wireless produc=
ts for the U.S. government. -- QUALCOMM Wireless Business Solution=
s (QWBS) -- develops and provides satellite and terrestrial-bas=
ed fleet management solutions to over 400,000 vehicles in 32 =
countries. The QWBS Network Management Center processes =
more than seven million transactions per day, making it one =
of the largest wireless data networks in the world. -- QUALCOMM Strate=
gic Initiatives (QSI) -- formed to consolidate and manage the Compa=
ny's strategic investment activities. QUALCOMM invests in wireless =
carriers and manufacturers to promote the worldwide adoption of CDM=
A products and services for wireless voice and Internet data applic=
ations. Generally, the Company will exit these investments at the e=
arliest possible time, provided the individual circumstances of a =
particular investment permit an orderly exit without undermi=
ning QUALCOMM's original strategic purpose. Earnings or losses from=
the QSI segment come from interest income, increases or decreases =
in the value of investments (both realized and unrealized) and QUAL=
COMM's share of income or losses from consolidated subsidiaries and=
investments accounted under the equity method of accounting. From =
time-to-time other income may result from strategic activities =
such as the sale of an FCC bidding credit in the fourth fiscal =
quarter of 2001. QUALCOMM is providing new information on the QSI segment =
to aid investors' understanding of the investments that the Company has mad=
e and the income or losses generated from those investments. QUALCOMM will =
separate the financial performance of QSI from its core operating businesse=
s because many of these investments are in development-stage companies incu=
rring planned accounting losses that are consolidated into QUALCOMM's repor=
ted earnings. The Company believes that the new financial segment reporting=
will allow investors to more accurately value the different elements of QU=
ALCOMM's activities. Under the new financial segment reporting, net earning=
s of $0.10 per share for fiscal 2001 and $0.09 per share for fiscal 2000 ha=
ve been moved from core operations into the QSI segment. Historical infor=
mation, including revenues and earnings before taxes by segment, is present=
ed on QUALCOMM's Investor Relations web site at www.qualcomm.com. QUALCOMM =
will report the results of its first fiscal quarter of 2002 using this new =
reporting format on January 24, 2002. QUALCOMM Incorporated (www.qualcomm=
.com) is a leader in developing and delivering innovative digital wireless =
communications products and services based on the Company's CDMA digital te=
chnology. The Company's business areas include CDMA chipsets and system sof=
tware; technology licensing; wireless fleet management systems, OmniTRACS(R=
), TruckMAIL(TM), OmniExpress(R), LINQ(TM); BREW(TM) applications platform;=
and satellite-based systems including portions of the Globalstar(TM) syste=
m. QUALCOMM owns patents that are essential to all of the CDMA wireless tel=
ecommunications standards that have been adopted or proposed for adoption b=
y standards-setting bodies worldwide. QUALCOMM has licensed its essential C=
DMA patent portfolio to more than 100 telecommunications equipment manufact=
urers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included i=
n the S?500 Index and is a 2001 FORTUNE 500(R) company traded on The Nasdaq=
Stock Market(R) under the ticker symbol QCOM. Except for the historical =
information contained herein, the preceding discussion contains forward-loo=
king statements that involve risks and uncertainties. QUALCOMM's future res=
ults could differ materially from those discussed here. Factors that could =
cause or contribute to such differences include, but are not specifically l=
imited to: potential declines in the rate of growth in the Code Division Mu=
ltiple Access (CDMA) subscriber base; risks associated with the scale-up, a=
cceptance, and operations of CDMA systems; risks associated with strategic =
opportunities or acquisitions, divestitures, and investments the Company ma=
y pursue, including investments in new ventures and operators; risks relate=
d to the ability to sustain or improve operational efficiency and profitabi=
lity; the development, deployment and commercial acceptance of evolving CDM=
A technology standards; developments in current or future litigation; the a=
bility to develop and introduce cost-effective new products in a timely man=
ner, the Company's ability to effectively manage growth; the intense compet=
ition in the wireless communications industry, as well as the other risks d=
etailed in the Company's report of Form 10-K. The Company's consolidated fi=
nancial data includes SnapTrack, Inc. and other consolidated subsidiaries o=
f the Company. QUALCOMM, OmniTRACS and OmniExpress are registered tradema=
rks of QUALCOMM Incorporated. radioOne, gpsOne, SnapTrack, BREW, TruckMAIL =
and LINQ are trademarks of QUALCOMM Incorporated. Globalstar is a trademark=
of Loral QUALCOMM Satellite Services, Incorporated. All other trademarks a=
re the property of their respective owners. CONTACT: QUALCOMM In=
corporated Investor Relations Contacts: =
Julie Cunningham, Institutional Investors & Media 858/=
658-4224, Fax: 858/651-9303 juliec@qualcomm.com =
or Nancy Linke, Equity Analysts =
858/658-4086, Fax: 858/651-9303 nlinke@qualcomm.co=
m or Julie McClure, Individual and Reta=
il Investors 858/658-4854, Fax: 858/651-9303 =
jmcclure@qualcomm.com URL: http://www.businesswire.com=
Today's News On The Net - Business Wire's full file on the Internet with H=
yperlinks to your home page. Copyright (C) 2002 Business Wire. All rights=
reserved. -0- KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/=
ELECTRONICS HARDWARE INTERNET =
SOFTWARE TELECOMMUNICATIONS SO=
URCE: QUALCOMM Incorporated [IMAGE] =
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