SAN DIEGO -- Aug. 18, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that CIO magazine named Qualcomm as a recipient of the 1999 CIO-100 award for possessing the strategy, ability and drive to prosper well into the next century.
Now in its twelfth year, the CIO-100 award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence. This year's CIO-100 awards focus on survival and success in the new millennium.
"Qualcomm is proud to be recognized for innovation and leadership in the wireless industry and its ability to meet the increasingly complex technology requirements for success in the next millennium," said Norm Fjeldheim, vice president and chief information officer of Qualcomm.
According to Abbie Lundberg, CIO magazine's editor-in-chief, "The transition into the new economy will be a painful one for many organizations. Those that make it must possess the qualities of this year's CIO-100 winners. They must know their customers, leverage the Internet, invest in people, innovate like crazy and completely reinvent themselves if necessary. This year's honorees have excelled in these areas and their success is well worth celebrating."
The winners of this year's CIO-100 were selected through a three-step process. First, a panel of 18 distinguished, academicians, consultants and analysts nominated the companies they felt best fit the criteria for being well positioned to succeed beyond 2000. CIO magazine staff then conducted extensive research on the 151 nominees via the web and other sources. Finally, a team of CIO editors and writers voted on the 100 companies they felt best met the requirements.
The 1999 CIO-100 award honors the top 100 companies that have prepared for the new economy and are strategically leading the business community into the next millennium. Complete coverage of the 1999 CIO-100 Awards is featured in the August 15 issue of CIO and at www.cio.com.
CIO Communications, Inc. was formed in 1987 to help chief information officers (CIOs), information technology (IT) executives and other senior management executives succeed in their enterprises through the use of information technology. In addition to publishing the award-winning magazine, the company also produces the www.cio.com web site and develops a knowledge of technology, business management issues and innovative products and services.
CIO magazine is a publication of International Data Group, the world's leading IT media, research and exposition company.
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. The Company's major business areas include CDMA phones; integrated CDMA chipsets and system software; technology licensing; and satellite-based systems including OmniTRACS® and portions of the Globalstar™ system. Headquartered in San Diego, Calif., Qualcomm is included in theS&PIndex and is a FORTUNE 500® company traded on the Nasdaq 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 timely product development, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, and those related to performance guarantees, 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 27, 1998, and most recent Form 10-Q.
Qualcomm and OmniTRACS are registered trademarks of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated.