Press Release

Qualcomm Declares Quarterly Dividend

9 Des 2003SAN DIEGO

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

Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has approved a quarterly dividend of $0.07 per common share, payable on March 26, 2004 to stockholders of record at the close of business on February 27, 2004.

"Our business results continue to generate strong cash flow. We remain confident in our ability to continue generating cash and believe the quarterly dividend is a good way to return value to our shareholders," said Bill Keitel, senior vice president and CFO 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 the S&P 500 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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