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Qualcomm s pdQ Smartphone Provides Ideal Platform For Wireless Business Solutions

– June 15, 1999 – SAN DIEGO -- June 15, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM) today announced the first in a series of profiles highlighting its Code Division Multiple Access (CDMA) digital pdQ™ smartphone for the development and deployment of vertical, enterprise and consumer applications and services. The pdQ smartphone is the only smartphone to offer the popular Palm Computing® platform and support full-time access to the Internet based upon standard Internet protocols, making it the ideal device for a broad variety of solutions.

Qualcomm's pdQ smartphone was chosen by 724 Solutions Inc., as one of the key platforms for its new wireless financial services solution, now in market trial by the Bank of Montreal and Bell Mobility. 724 Solutions created a version of its software for the pdQ smartphone using the pdQ software developers kit from Qualcomm. 724 Solutions' robust software system enables financial institutions to securely deliver banking and brokerage services and information content.

"724 Solutions is delivering on its promise of anytime, anywhere wireless banking and brokerage," said Christopher Erickson, president of 724 Solutions. "Qualcomm's pdQ smartphone is an ideal consumer device that integrates wireless voice and data with the Palm Computing platform for a rich user experience."

"Qualcomm's pdQ smartphone is the only product in the smartphone category to combine the popular Palm Computing platform and its broad developer base with wireless access using standard Internet protocols," said Dr. Paul E. Jacobs, president of Qualcomm Consumer Products. "This powerful combination enables developers, such as 724 Solutions, to rapidly deliver high-value wireless applications to meet the needs of a broad range of consumers and enterprises."

The CDMA digital pdQ smartphone supports standard Internet protocols, enabling end-to-end security for wireless applications. The pdQ smartphone features a flip-down phone keypad for easy call dialing and a large, 160-by-240 pixel LCD touch screen for displaying information and data entry. Any number in the pdQ smartphone's address book can be dialed simply by tapping on that name with the included stylus or dialing from the pdQ smartphone's keypad. Users can input data three ways: through Palm Computing's Graffiti® power writing software, the on-screen keyboard or through a personal computer's keyboard when connected to the pdQ smartphone with the included HotSync® technology. Using HotSync, users can transfer and synchronize information between the pdQ smartphone and a personal computer, including Lotus Notes and Microsoft Exchange data. The pdQ smartphone ships with a charging/synchronization cradle, lithium ion battery and a headset that enables users to talk on the phone while simultaneously using the PDA portion of the unit.

The software system developed by 724 Solutions enables financial institutions to deliver personalized banking, brokerage and information content on a wide variety of Internet access devices. Specific functions include: Banking: account information and history, bill payment, funds transfer Brokerage: stock quotes and charts, on-line trading, investment portfolio information, watchlists and alerts Lifestyle Information: news, sports, weather, horoscopes, lottery results.

724 Solutions Inc. is a privately held company, established in 1997 to conceive, design and deliver Internet software applications enabling "any time, anywhere, any way" access to trusted banking, investment, and lifestyle services. In addition to Bell Mobility and the Bank of Montreal, 724 Solutions has developed alliances with Phone.com (formerly Unwired Planet), 3Com/Palm Computing, Qualcomm Incorporated and Certicom, to enable its vision of the Personal Electronic Marketplace. For additional information about 724 Solutions, visit http://www.724solutions.com.

Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's major business areas include CDMA phones; integrated CDMA chipsets and system software; technology licensing; and satellite-based systems including OmniTRACS® and portions of the Globalstar™ system. Headquartered in San Diego, Calif., Qualcomm is a FORTUNE 500® company with fiscal 1998 revenues in excess of U.S. $3 billion. For more information, please visit the Company's web site at http://www.qualcomm.com.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, and those related to performance guarantees, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 27, 1998, and most recent Form 10-Q.

Qualcomm and OmniTRACS are registered trademarks of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated.

724 Solutions is a trademark of 724 Solutions Inc. All other names are trademarks or registered trademarks of their respective companies.

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