Press Release

Qualcomm Declares Quarterly Dividend

May 1, 2003SAN DIEGO

Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

SAN DIEGO -- May 1, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has declared a quarterly dividend of $0.05 per common share, payable on June 27, 2003 to stockholders of record at the close of business on May 30, 2003.

In connection with the dividend, the Board of Directors approved a Direct Stock Purchase Program and a Dividend Reinvestment Program, offering both new investors and current stockholders the option of receiving Qualcomm's quarterly dividend in cash or having it automatically reinvested. These programs will be administered by Computershare Trust Company, not by Qualcomm, and will be available soon. Program details will be provided through Qualcomm's Investor Relations Web site, www.qualcomm.com/IR, as they are available.

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.

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