SAN DIEGO -- September 19, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that Dr. Irwin Mark Jacobs, chairman and chief executive officer of Qualcomm, has been named an innovation leader in the area of communications by The Economist. The award was presented yesterday at The Economist's inaugural Innovation Awards and Summit at the Palace Hotel in San Francisco. Dr. Jacobs was one of six leaders who were honored for revolutionizing the way business is done and spawning new markets.
"Among the many communication technology breakthroughs in recent years, CDMA stands out for the role it has played in hastening and widening the proliferation of mobile telephony," said Nick Valéry, chairman of the judging committee and editor of The Economist Technology Quarterly. "Digital mobile telephony is bypassing infrastructure bottlenecks in many developing countries, and Dr. Jacobs' work has also helped to catapult the wireless industry into the vanguard of the global economy. With his innovation having a commercial and social impact on such a scale, Dr. Jacobs is a deserving recipient for The Economist's inaugural innovation award in communications."
"I am honored to be recognized by The Economist for the innovations achieved at Qualcomm in CDMA mobile communications," said Dr. Jacobs. "We are energized by the unique opportunities that available, reliable and low-cost voice and Internet access increasingly bring to commerce, education, governance, and entertainment. By exploiting ever more powerful CDMA devices, entrepreneurs worldwide will help bridge the digital divide."
Dr. Jacobs has been a pioneer in developing innovative technological applications that have revolutionized digital wireless communications. In 1985, Dr. Jacobs founded Qualcomm and has served as chairman and CEO since the Company's inception. He has led Qualcomm through technical innovation, with international activities in digital wireless telephony, mobile satellite communications and wireless Internet software. Prior to founding Qualcomm, Dr. Jacobs co-founded LINKABIT, a San Diego-based telecommunications company. Prior to his business career, he was on the faculty of the Massachusetts Institute of Technology (MIT) and the University of California, San Diego. Dr. Jacobs received a bachelor of science degree in electrical engineering in 1956 from Cornell University and master of science and doctorate of science degrees in electrical engineering from MIT in 1957 and 1959, respectively.
Award candidates were nominated based on their effect on a marketplace or the creation of a new market; impact on an emerging branch of science and technology; and impact on revenue of the sponsoring organization or enterprise over the past decade. Nominations were solicited from keyscience and technology writers at The Economist, The Economist Technology Quarterly readership and a judging panel of industry, academic, and investment luminaries.
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.