Jul 25, 2000New York
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Spinco, Inc., a wholly-owned subsidiary of Qualcomm Incorporated (Nasdaq: QCOM), which will be comprised primarily of Qualcomm's integrated circuit and system software solutions business, today announced that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of its Common Stock. All of the shares are being offered by Qualcomm Spinco, Inc.
Lehman Brothers and Goldman, Sachs&Co. are lead managers for the offering. The public offering will be made only by means of a prospectus which, when available, may be obtained by contacting the underwriters:
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release does not constitute an offer to sell or the solicitation of an offer to buy. There will not be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.