Press Release

Qualcomm Declares Quarterly Dividend

Oct 8, 2003SAN DIEGO

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

SAN DIEGO -- October 8, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has approved a quarterly dividend of $0.07 per common share, payable on December 26, 2003 to stockholders of record at the close of business on November 28, 2003.

"We believe that the dividend is an important element of total shareholder return given our strong generation of cash from operations," said Anthony Thornley, president and COO for Qualcomm.

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.

The business of Qualcomm is subject to a number of risks, including but not limited to risks associated with: changing global economic conditions, particularly in the telecommunications and Internet-related industries and the resulting uncertainty in forecasting future results; the ability to sustain or improve operational efficiency and profitability; the development, deployment and commercial acceptance of evolving CDMA technology standards; developments in current or future litigation; and international business activities, as well as the other risks detailed from time to time in the Company's SEC reports.

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