Press Release

Qualcomm Places 6.9 Million Shares of Common Stock in a Public Offering

Jul 21, 1999SAN DIEGO

Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

SAN DIEGO -- July 21, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that it has placed 6.9 million shares of its common stock in a public offering, through its underwriters, at $156.50 per share, resulting in net proceeds to the Company of approximately $1.079 billion. The joint book-running underwriters for the offering were Lehman Brothers and Goldman, Sachs&Co.

Copies of the final prospectus relating to the offering may be obtained from Lehman Brothers, Three World Financial Center, 200 Vesey Street, New York, New York 10285; and Goldman, Sachs&Co., 85 Broad Street, New York, New York 10004.

Qualcomm is a leading provider of digital wireless communications products, technologies and services. The Company designs, develops, manufactures and markets wireless communications and subscriber products and designs, develops and markets ASIC chips based on its Code Division Multiple Access (CDMA) technology. Qualcomm also licenses and receives royalty payments on its CDMA technology from major domestic and international telecommunications equipment suppliers. In addition, the Company designs, manufactures, distributes and operates products and services for its OmniTRACS® system. Qualcomm also has contracts with Globalstar™ to design, develop and manufacture subscriber products and ground communications systems, and to provide contract development services.

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

©2021 Qualcomm Technologies, Inc. and/or its affiliated companies.

References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable.

Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses. Qualcomm products referenced on this page are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures.

Nothing in these materials is an offer to sell any of the components or devices referenced herein.