SAN DIEGO - August 13, 1998 - Qualcomm Incorporated (NASDAQ: QCOM) today announced it was named one of the world's 100 Best-Managed Companies by INDUSTRY WEEK (IW).
"Qualcomm is proud to be recognized by INDUSTRY WEEK as one of the world's 100 best-managed companies," said Rich Sulpizio, president and chief operating officer of Qualcomm. "This award is a testament to the high-caliber employees in Qualcomm's offices worldwide who have contributed to our growth and success in the global wireless telecommunications market."
The winners for IW's third-annual list were selected by IW editors from the IW 1000, a list of the world's largest publicly held manufacturing companies released in the June 1998 issue of IW. INDUSTRY WEEK's 100 Best-Managed Companies were selected based on the following criteria: analysis of the company's financial performance; review of a questionnaire mailed to each IW 1000 company; research into each company's practices in areas such as philanthropy and safety; and voting by a panel of more than 80 business leaders, analysts and academicians from around the world. The 100 Best-Managed Companies will be recognized at the 100 Best-ManagedCompanies Awards Celebration and Executive Summit, February 1-3, 1999, at the Turnberry Isle Resort&Club in Aventura, Florida.
"INDUSTRY WEEK's 100 Best-Managed Companies demonstrate superior, consistent management performance, in good times and bad," said John Brandt, editor-in-chief of IW. "These awards also recognize companies that are positioning themselves for the future by investing heavily in such areas as change, market development, people, and society."
IW is a management magazine that helps senior executives in manufacturing and its supporting industries build, safeguard, and expand the wealth of their companies. Now in its 28th year, IW has an audience of more than 800,000 readers. It is the flagship of Penton Media Inc., a Cleveland-based publisher of business magazines, digests, and professional titles.
Headquartered in San Diego, Qualcomm develops, manufactures, markets, licenses and operates advanced communications systems and products based on its proprietary digital wireless technologies. The Company's primary product areas are the OmniTRACS® system (a geostationary satellite-based, mobile communications system providing two-way data and position reporting services), CDMA wireless communications systems and products and, in conjunction with others, the development of the Globalstar™ low-earth-orbit(LEO) satellite communications system. Other Company products include the Eudora Pro® electronic mail software, ASIC products, and communications equipment and systems for government and commercial customers worldwide. For more information on Qualcomm products and technologies, please visit the Company's web site athttp://www.qualcomm.com/.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, 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, 1997 and most recent Form 10-Q.
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Qualcomm, OmniTRACS, Eudora and Eudora Pro are registered trademarks of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated.