SAN DIEGO -- May 22, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced the appointment of Richard Sulpizio as interim president of Qualcomm China. In this position, he will provide strategic direction and manage all of Qualcomm's operations in China, oversee Qualcomm's businesses and initiatives in China, and work closely with Qualcomm's Chinese partners. Mr. Sulpizio will continue in his role as a member of the Company's Board of Directors. As president of Qualcomm China, he will direct activities largely from Qualcomm's Beijing office. He will also be responsible for hiring his successor who will most likely be a Chinese national.
"We have been recruiting to fill this position but, because of the strategic importance of China for Qualcomm and CDMA, we have asked Rich to step in to help us until we hire a suitable executive," said Dr. Irwin Mark Jacobs, chairman and CEO of Qualcomm. "We are immediately able to leverage Rich's strong operational experience and leadership skills to further strengthen our broad efforts in China. His previous experience in overseeing Qualcomm's manufacturing businesses will be an asset in assisting the local manufacturing base to enter the rapidly growing CDMA market. Rich will work closely with China Unicom on its deployment of CDMA, the introduction of new services in China and the transition to 3G CDMA2000 1X."
"CDMA is in the development stage in China and I am pleased to be able to step in to provide the leadership in China to realize on the very large opportunity it represents for Qualcomm," said Mr. Sulpizio. "I look forward to working in partnership with the Chinese government, China Unicom, manufacturers, BREW developers and other businesses with interest in CDMA, and I am excited to work with Qualcomm's strong management team again."
Mr. Sulpizio served as president and chief operating officer of Qualcomm from 1998 to 2001. During his ten years with the Company, he also served as president of Qualcomm Wireless Business Solutions and vice president of information systems. He holds a bachelor's degree from California State University, Los Angeles and a master's degree in systems management from the University of Southern California.
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. Headquartered in San Diego, Calif., Qualcomm is included in theS&P500 Index and 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 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 30, 2001, and most recent Form 10-Q.
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