SAN DIEGO -- April 1, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that it was named one of "America's Most Admired Companies" by FORTUNE magazine, ranking third of ten in the Network Communications Industry.
"Qualcomm is honored to receive the distinction as one of 'America's Most Admired Companies,'" said Dr. Daniel L. Sullivan, executive vice president of human resources for Qualcomm. "It is a reflection of our ongoing commitment to technological innovation, to providing our very talented employees with a rewarding and positive work environment, and our dedication to supporting the community."
FORTUNE magazine published the "Most Admired" list in the March 4 issue of the publication. The industry rankings were determined by the Hay Group, a professional services consultancy, who took the 10 largest companies (by revenues) in 58 industries, including large subsidiaries of foreign-owned companies, and asked 10,000 executives, directors and security analysts to rate the companies in their own industries based on eight criteria. Criteria included innovation, financial soundness, employee talent, use of corporate assets, long-term investment value, social responsibility, quality of management and quality of products/services.
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 CDMA chipsets and system software; technology licensing; the BREW applications platform; QChat™ push-to-talk technology; Eudora® e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar™ 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.