SAN DIEGO -- March 20, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced the promotion of Chris Wolfe to senior vice president and general manager of Qualcomm Wireless Business Solutions (QWBS). Wolfe will be responsible for the division's worldwide business activities, which include operations, customer service, sales and strategic planning.
"Chris Wolfe's proven leadership and extensive industry experience has been a driving force behind Qualcomm Wireless Business Solutions' record success," said Rich Sulpizio, president and COO of Qualcomm. "His unique understanding of the transportation business and his ability to build markets for our new products will undoubtedly strengthen QWBS as a leading provider of advanced mobile wireless data systems."
Wolfe will replace the division's current president, Phil White, who recently announced his plans to leave Qualcomm to pursue personal philanthropic interests. Both executives plan to work closely to ensure a smooth and effective transition of leadership for QWBS employees, customers and business partners.
Wolfe joined Qualcomm in 1993, and most recently served as vice president and general manager, domestic business for QWBS. In that role, he managed all QWBS domestic business activities, renewing long-term contracts with major customers and spearheading the division's efforts to build U.S. markets for its new products, including untethered TrailerTRACS®, MVPc™ and OmniExpress™. Prior to that, Wolfe held positions in product support, product development and marketing with QWBS.
Before joining Qualcomm, Wolfe held senior management positions with Roadway Services and Leaseway Transportation, where he led efforts to create the world's first shipment tracking system and advanced transportation management systems.
Wolfe holds degrees in education, business and data processing from the University of Akron, Ohio.
Qualcomm has helped the transportation industry become more efficient since 1988 when the OmniTRACS System began to provide transportation companies with an innovative and effective way of managing logistics. These fleet management solutions continue to set the standard by offering innovative products and services that meet the demands of a constantly changing marketplace. With the introduction of OmniExpress, a CDMA-based digital wireless PCS communications and tracking system, along with trailer tracking and other innovative technologies, Qualcomm continues to expand into various markets including regional and metropolitan-based fleets. With a Network Management Center that processes more than five million transactions each day and 325,000 mobile systems used by businesses in more than 36 countries on four continents, Qualcomm continues to lead the industry in providing wireless data solutions.
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 business areas include integrated CDMA chipsets and system software; technology licensing; Eudora® email software for Windows® and Macintosh® computing platforms; and satellite-based systems including OmniTRACS® and portions of the Globalstar™ system. Qualcomm owns patents which are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. Qualcomm has licensed its essential CDMA patent portfolio to more than 75 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., Qualcomm is included in theS&P500 Index and is a 1999 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 26, 1999, and most recent Form 10-Q.