Press Release

Zachry Construction Corporation Selects Qualcomm's GlobalTRACS Wireless Equipment Management System

Jan 27, 2004SAN DIEGO

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

Qualcomm Incorporated (Nasdaq: QCOM), a leader in providing wireless data solutions, today announced that Zachry Construction Corporation, a privately held construction company headquartered in Texas, has selected Qualcomm's GlobalTRACS® equipment management system for its entire heavy equipment fleet. Zachry Construction Corporation is the most recent addition to the growing list of heavy equipment companies that are installing Qualcomm's wireless equipment management system. Since its introduction less than a year ago, GlobalTRACS has been helping companies increase revenues and equipment productivity as well as reduce overall maintenance and administrative costs by providing accurate and timely information about the operation of construction equipment.

"We reviewed several wireless equipment management systems before we chose GlobalTRACS," said Mike Monnot, equipment department director for Zachry Construction Corporation. "We were impressed with its reliable wireless access to equipment engine hours and location data, as well as Qualcomm's proven record of success. The system will enable us to be more competitive by allowing us to monitor accurate equipment usage data, to perform timely maintenance and to increase security for our equipment."

"Qualcomm is pleased to be working with Zachry Construction Corporation, a leader in the construction industry, to help them better manage their equipment," said Tim Lewis, senior director of construction equipment operations, Qualcomm Wireless Business Solutions. "By incorporating the GlobalTRACS system onto their equipment, Zachry will be able to increase job cost accuracy while reducing maintenance costs."

"We are confident that Qualcomm has the financial, technical and engineering depth to support Zachry's continued growth," stated Pat Machler, equipment department operations manager for Zachry Construction Corporation.

Since Qualcomm's commercial release of GlobalTRACS last year, there has been strong adoption in the construction industry. Qualcomm's GlobalTRACS system is a complete equipment management solution, offering ruggedized hardware, state-of-the-art network services and extensive data integration capabilities. The GlobalTRACS system collects, manages and transmits equipment operating status and location data. This data is easily accessible through a Web-based application or can be integrated into existing back-end business software systems. Qualcomm's Network Management Center, one of the world's largest and most reliable wireless data networks, provides wireless service and monitoring support for all GlobalTRACS-enabled equipment and 24-hour customer service to ensure message reliability and provide customer support.

Founded in 1924, Zachry Construction Corporation (www.zachry.com) is an internationally known construction and industrial maintenance service company. With an extensive heavy equipment fleet, Zachry Construction Corporation has grown to more than 13,000 employees, and was ranked number 23 on the Engineering News Record's Top 400 contractor list of 2003 for its sales of a wide array of services including construction, project development, construction management and industrial maintenance to both domestic and international customers.

Qualcomm is the industry's global leader in providing high-value wireless data solutions with a Network Management Center that processes more than seven million transactions each day, and has shipped nearly 500,000 Qualcomm mobile systems to businesses in more than 39 countries on four continents.

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 extent and speed to which GlobalTRACS products are 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 28, 2003, and most recent Form 10-Q.

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