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Qualcomm Marks New Era of Leadership with Dr. Paul Jacobs as CEO and Steven Altman as President

Company Celebrates 20 Years of Growth and Technology Innovation

– July 01, 2005 – Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, announced that today Dr. Paul E. Jacobs and Steven R. Altman have officially assumed their roles as the Company's CEO and president, respectively. Dr. Jacobs and Mr. Altman mark the beginning of a new chapter of leadership as Qualcomm celebrates its 20th anniversary. As announced on March 8, 2005, Dr. Irwin Mark Jacobs (former CEO) remains chairman of the board and Tony Thornley (former president) has retired.

Building on two decades of pioneering technology innovation, Qualcomm's leaders will continue to guide the Company as it expands its role as an innovator for and enabler of the wireless industry. Dr. Jacobs and Mr. Altman, both veteran executives of Qualcomm, have expertise and insight that will enable them to fulfill the Company's vision for the future of the wireless industry, with a sharp focus on the needs of Qualcomm's customers and partners across the entire wireless value chain.

“I see increasing opportunities for Qualcomm to deliver new products and technologies that enhance the mobile phone's role as the most personal electronic device in a world where wireless, computing, entertainment and consumer electronics are converging,” said Dr. Paul Jacobs, CEO of Qualcomm. “We will continue our focus on execution, innovation and collaboration to rapidly bring new differentiated services to the wireless market, creating even greater value for our customers, partners, consumers and our shareholders.”

Dr. Jacobs has been the primary driver of the Company's focus on enabling wireless data. He has held numerous engineering and management positions since joining Qualcomm fulltime in 1990. He also brings considerable technical and operational experience to his new role as CEO.

During his almost 16 years at Qualcomm, Mr. Altman has been the chief architect of the Company's strategy for leveraging its broad intellectual property portfolio, and was responsible for structuring and negotiating many of the Company's license agreements, joint ventures and strategic relationships. Under his guidance, the Company has entered into more than 130 license agreements with the world's largest telecommunications and electronics companies.

“In my new leadership role, I will work closely with and support our very talented management, technical and professional teams to grow our businesses and maintain Qualcomm's existing work environment - an environment that fosters innovation and creativity and challenges our employees,” said Mr. Altman, president of Qualcomm. “We will continue to drive the Company's role as an innovator and enabler as we bring new technologies to market and accelerate the growth of our partners and the global wireless industry.”

Today, Qualcomm marks a significant milestone as the Company celebrates 20 years of developing and advancing wireless technologies worldwide and pioneering the wireless industry's widespread adoption of advanced third-generation standards, including CDMA2000 and WCDMA.

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 2005 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.

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Topics: Corporate
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