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Qualcomm Appoints Barbara T. Alexander to Board of Directors

– August 01, 2006 – Qualcomm Incorporated (Nasdaq: QCOM) today announced that Barbara T. Alexander has been elected to its Board of Directors. A former senior advisor at UBS Securities and managing director at Dillon Reed & Co., Alexander's career spans more than 30 years in finance.

“We are very pleased to have Barbara join Qualcomm's Board of Directors,” said Dr. Irwin Mark Jacobs, chairman of Qualcomm. “Her extensive background in banking and finance, along with her experience working with global companies, makes her a valuable addition and brings an additional perspective to our board.”

Alexander's distinguished career includes numerous international investment companies and philanthropic organizations. In 1987, Salomon Brothers Inc. appointed Alexander the first female managing director in the company's history. She was previously among the top investment bankers at Dillon Reed & Co. Inc., serving clients throughout North America, Australia and the United Kingdom. Alexander held additional senior executive and advisor positions with Smith Barney, Harris Upham & Co. Inc., Wachovia Bank & Trust Company N.A. and UBS Securities. She currently serves on the boards of Harrah's Entertainment, Centex Corporation and Freddie Mac. In addition to her corporate activities, Alexander is an executive fellow at the Joint Center for Housing Studies at Harvard University, has served on the boards of Habitat for Humanity International and Covenant House, and currently serves on the board of HomeAid America.

Alexander is a graduate of the University of Arkansas, Fayetteville where she earned bachelor's and master's degrees in theoretical mathematics. In 2003, Board Alert magazine recognized Alexander among its top seven Outstanding Directors in Corporate America.

Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2006 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 Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is 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 25, 2005, and most recent Form 10-Q.

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Topics: Corporate
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