SAN DIEGO -- April 2, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that IBM has been honored as the Supplier of the Year for calendar year 2002 by the Company's Qualcomm CDMA Technologies (QCT) division. This award recognizes a key supplier that has demonstrated the highest levels of quality, delivery and service performance as well as the support that enabled QCT to exceed its business objectives for the calendar year.
"We are very pleased to announce that IBM has earned the Supplier of the Year award for 2002," said Lorraine Stamoulis Surnamer, senior vice president of procurement for QCT. "This award acknowledges IBM's high levels of achievement across all key performance areas, which supported the explosive growth in demand for CDMA2000 1X products. The synergy created by our strong working relationship with IBM enabled QCT to respond successfully to our customers' needs. We look forward to continuing to strengthen the relationship with IBM as we address technical and business wireless telecommunications issues."
"This prestigious award from Qualcomm, the leading fabless chip company, is a strong validation of IBM's capabilities as a foundry business," said Michael Concannon, vice president, foundry manufacturing services, IBM Microelectronics. "While IBM is known for its technology, we understand that technology alone is not enough. We at IBM are focused on leadership in all aspects of our business and we are dedicated to using that leadership to bring value to our customers."
IBM Microelectronics is a key contributor to IBM's role as the world's premier information technology supplier. It develops, manufactures and markets state-of-the-art semiconductor and interconnect technologies, products and services. IBM Microelectronics activities are focused in three major areas: custom application specific integrated circuit (ASIC) chips, PowerPC-based standard chip products, and high-tech foundry services. Its superior integrated solutions can be found in many of the world's best-known electronic brands.
IBM is a recognized innovator in the chip industry, having been first with advances like more power-efficient copper wiring in place of aluminum, faster silicon-on-insulator (SOI) and silicon germanium transistors, and improved low-k dielectric insulation between chip wires. These and other innovations have contributed to IBM's standing as the number one U.S. patent holder for 10 consecutive years. More information about IBM Microelectronics can be found at:http://www.ibm.com/chips.
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 is a 2003 FORTUNE 500® company 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, 2002, and most recent Form 10-Q.
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