SAN DIEGO -- September 19, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today updated its outlook for strong chip demand in the fourth fiscal quarter (ending September 29, 2002). The Company expects to ship approximately 20 million MSM( phone chips during the fourth quarter of fiscal 2002, including approximately 15 million third-generation (3G) CDMA2000 1X MSM phone chips. Also, based on orders received, the Company expects shipments of MSM phone chips to be significantly higher than 20 million in the first quarter of fiscal 2003 (ending December 29, 2002).
"We're seeing strong order input from our customers with particular strength in demand for 3G CDMA2000 1X chips, as well as increasing demand for chips destined for the growing China market," said Dr. Irwin M. Jacobs, chairman and CEO of Qualcomm. "We look forward to the continued introduction of exciting new CDMA2000 1X color screen phones, based on our MSM5100( chip, with advanced features and applications enabled by our Wireless Internet Launchpad™, BREW™ applications development platform and gpsOne™ position location technology."
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 but not limited to: changing global economic conditions, particularly in the telecommunications and Internet-related industries and the resulting uncertainty in forecasting future results; timing and receipt of license fees and royalties; integrated circuit order and shipment levels; the Company's ability to sustain or improve operational efficiency and profitability, the extent and speed to which CDMA is deployed, as well as the other risks detailed from time to time in the Company's SEC reports.