SAN DIEGO -- October 25, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced a strengthened commitment to its wireless enterprise business with the appointment of Qualcomm's chief information officer Norm Fjeldheim as CEO of Wireless Knowledge, a Qualcomm subsidiary. Fjeldheim will replace Eric Schultz, who recently resigned as CEO and chairman of Wireless Knowledge to pursue other opportunities.
The appointment of Fjeldheim will allow Qualcomm and Wireless Knowledge to collaboratively develop and deliver advanced technologies and solutions that meet the growing demand of the enterprise market. The closer alignment with Wireless Knowledge will complement dedicated enterprise efforts already underway by Qualcomm's business units.
"Qualcomm has already dedicated resources for the enterprise market, and this new organizational structure will allow Wireless Knowledge to align more closely with Qualcomm's existing enterprise strategy," said Fjeldheim. "Qualcomm's core technology supports 3G services to deliver a nationwide high-speed network for enterprise users. Wireless Knowledge provides the enterprise solutions and services that take advantage of this high-speed capability. This new alignment will provide enterprises with the solutions that deliver immediate business value."
Joining Qualcomm in 1987 and serving as CIO since 1999, Fjeldheim brings a wealth of relevant experience to his position as CEO of Wireless Knowledge. He has played a pivotal role in establishing Qualcomm's wireless mobility strategy for enterprise applications. Fjeldheim is involved in several industry organizations, including serving as chairman of the Sprint Global Markets Group Customer Advisory Council, member of the Sprint PCS Advisory Council, member of the AMR Enterprise Commerce Management Council and founding member of the PeopleSoft High Tech Advisory Council. In 2002, Fjeldheim won the Salomon Smith Barney CIO of the Year award for best cost savings initiative. In 1999, he was presented with the CIO 100 Award from CIO Magazine in recognition of Qualcomm's operational and strategic excellence.
"As CIO of Qualcomm, Norm understands the demands of the enterprise marketplace and this will be critical in advancing Qualcomm's enterprise strategy," said Dr. Paul E. Jacobs, president of Qualcomm Wireless and Internet Group. "He has been very instrumental in driving Qualcomm's internal enterprise strategy, and is well positioned to take on this new role at Wireless Knowledge."
Wireless Knowledge, a Qualcomm company, delivers strategic data mobility solutions that extend critical enterprise applications to today's highly fluid workforce. A strategic solution from Wireless Knowledge consists of a mix of consulting, professional services and applications that translate advanced wireless technologies into business value for its customers. By delivering a mobile strategy based on a customer's specific business drivers, critical processes and existing applications, Wireless Knowledge enables organizations to drive revenue through reduced costs and increased productivity. For more information, please visit www.wirelessknowledge.com.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company'sCDMA 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.
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
October 25, 2002October 25, 2002