Qualcomm Inc
Industry: Communications Equipment

QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing & delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology.The Company's business areas include CDMA chipsets & system software; technology licensing; the BREW applications platform; QChat(TM) push-to-talk technology; Eudora(R) e-mail software; digital cinema systems; & satellite-based systems including portions of the Globalstar(TM) system & wireless fleet management systems, OmniTRACS(R) & OmniExpress(R). QUALCOMM owns patents that are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 100 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index & is a 2001 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.

Business Summary
QUALCOMM, Inc. develops, designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology. The Company develops and supplies CDMA-based integrated circuits (ICs) and system software for wireless voice and data communications, and global positioning system (GPS) products to wireless device and infrastructure manufacturers. It grants licenses to use its intellectual property portfolio, which includes certain rights essential to and/or useful in the manufacture and sale of CDMA products, and receives license fees, as well as ongoing royalties based on sales by licensees of wireless telecommunications equipment products incorporating its CDMA technologies. The Company also provides satellite and terrestrial-based, two-way data messaging and position reporting services for transportation companies, private fleets and construction equipment fleets.

Financial Summary
QUALCOMM, Inc. is engaged in developing & delivering digital wireless communications products and services based on the Company's CDMA digital technology. For the 9 months ended 6/26/05, revenues rose 9% to $4.11B. Net income from cont. ops. rose 20% to $1.61B. Revenues reflect higher unit shipments of MSM and accompanying RF integrated circuits and increased royalties to QTL segment. Higher income also reflects an increase in investment gains.