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Ryan Incorporated Central Outfits Fleet with Qualcomm’s GlobalTRACS® Wireless Equipment Management Solution

Leading Construction and Mass Excavation Company Selects GlobalTRACS Solution Based on Credibility and Profitability

– October 25, 2004 – Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced that Ryan Incorporated Central, one of the nation’s largest operators specializing in site work and mass excavation, has implemented the GlobalTRACS equipment management solution as a core element of its corporate-wide information gathering and asset management program.

“We’ve seen the benefits that come from monitoring the location and use of our equipment, and we believe that the greatest return on our investment comes from better managing our assets,” said Greg Kittle, equipment manager of Ryan Incorporated Central. “The GlobalTRACS solution will enable us to increase efficiency and productivity and ultimately extend the life of our assets.”

Ryan Incorporated Central is the most recent addition to the growing list of construction companies that are implementing Qualcomm’s wireless equipment management solution to monitor their equipment fleets for hours of operation, location and maintenance schedules. The GlobalTRACS solution has helped companies increase net revenues and equipment productivity as well as reduce overall maintenance and administrative costs by reliably delivering accurate and timely information about the operation of construction equipment.

“By integrating the GlobalTRACS solution with its existing equipment, Ryan will be able to streamline operations, provide better service to their customers and capture greater return on their investments to maintain their leadership in mass excavation,” said Brian Niznik, general manager of construction equipment operations for Qualcomm Wireless Business Solutions.

Qualcomm’s GlobalTRACS solution is a complete equipment management system, offering ruggedized hardware, state-of-the-art network services and extensive data integration capabilities. The GlobalTRACS solution collects, manages and transmits equipment operating status and location data, all easily accessible through a Web-based application or integrated into existing back-end business software systems. Qualcomm’s Network Operations Center, one of the world’s largest and most reliable data networks, provides wireless service and monitoring support for GlobalTRACS enabled equipment and 24-hour customer service.

Ryan Incorporated Central is an outgrowth of a railroad embankment construction company started in 1884 by Patrick W. Ryan. Today’s operations are nationwide and rank among the largest of those specializing in site work and mass excavation.

Qualcomm is the industry’s global leader in providing high-value wireless data solutions with Network Operations Centers that process more than nine million transactions each day. Qualcomm has shipped more than 523,000 Qualcomm mobile systems to businesses in more than 39 countries on four continents.

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 technology. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2003 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the extent and speed to which GlobalTRACS products are deployed, 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 28, 2003, and most recent Form 10-Q.

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