SAN DIEGO -- July 24, 2001--Qualcomm Incorporated today announced that Richard Sulpizio has elected to resign as president and chief operating officer of Qualcomm to pursue personal interests. Mr. Sulpizio will continue his leadership role as a member of Qualcomm's Board of Directors.
Richard Sulpizio joined Qualcomm in 1991, serving in executive management positions including vice president of information systems, president of Qualcomm's OmniTRACS Division and chief operating officer of Qualcomm. Mr. Sulpizio was named president and chief operating officer in 1998.
"Rich has been instrumental in Qualcomm's daily operations for more than a decade,'' said Dr. Irwin M. Jacobs, chairman and CEO of Qualcomm. "He has been a key part of our executive team, helping guide the Company through periods of rapid growth and change. We thank Rich for his many contributions and look forward to continuing to utilize his valuable knowledge and experience as an active Qualcomm Board member.''
"Qualcomm has been a tremendously rewarding career and personal experience,'' said Richard Sulpizio. "I have enjoyed being mentored by Irwin Jacobs and working with my talented colleagues on the management team at Qualcomm. I am looking forward to contributing to the future of the Company while continuing as a member of Qualcomm's Board of Directors.''
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's Code Division Multiple Access (CDMA) digital technology. The Company's business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless™ (BREW™) applications platform; Eudora® e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar(TM) system and wireless fleet management systems, OmniTRACS® and OmniExpress™. Qualcomm owns patents that 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 100 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., Qualcomm is included in theS&P500 Index and is a 2001 FORTUNE 500® company traded on The Nasdaq Stock Market® 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 the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the ability to design and sell integrated circuits and system software without third party's assessing their patents against the Company or its products, the extent and speed to which CDMA is deployed, 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 24, 2000, and most recent Form 10-Q.