Back to All
Press Release

Qualcomm Named “2004 Best Financially Managed Company” by Fabless Semiconductor Association

Strong Business Execution by Qualcomm CDMA Technologies Lands Company Award for Third Consecutive Year
Dec 19, 2004
SAN DIEGO

Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, was named the winner of the “2004 Best Financially Managed Company” by the Fabless Semiconductor Association (FSA) for outstanding financial performance. Winners were announced at the FSA’s Awards Dinner Celebration on December 9, 2004, at the Santa Clara Convention Center in Santa Clara, California. The award was accepted by Dr. Sanjay K. Jha, president of Qualcomm CDMA Technologies (QCT), the chipset and system software division of Qualcomm, in recognition of the division’s performance.

The FSA and financial analysts evaluated the performance of publicly traded fabless semiconductor companies by comparing financial indices such as return on investment, return on equity, inventory turns, revenue, net income, days sales outstanding, cash per share, cash burn, gross profit margin, operating margin and current ratio.

“For the third year in a row, the FSA is pleased to present Qualcomm with the award for Best Financially Managed Company,” said Jodi Shelton, co-founder and executive director of the FSA. “Year after year, Qualcomm CDMA Technologies successfully executes the financial and business strategies necessary to maintain Qualcomm’s industry leadership in the competitive semiconductor market.”

This is the third year in a row that Qualcomm—the largest fabless semiconductor company —has received this award. Last month Qualcomm announced its financial performance for fiscal 2004 in which QCT recorded total revenues of $3.09 billion and operating profit of $1.04 billion, representing year-on-year percentage increases of 29% and 31% respectively.

For more information on the awards dinner, please visit http://www.fsa.org/dinner/.

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.
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 26, 2004, and most recent Form 10-Q.

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm, Qualcomm Dragonwing and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.

Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.

Related Press Releases
Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our leading-edge AI, high performance, low-power computing, and unrivaled connectivity deliver proven solutions that transform major industries. At Qualcomm, we are engineering human progress.

Stay connected

Get the latest Qualcomm and industry information delivered to your inbox.

Subscribe
Manage your subscription
Also of Interest

© Qualcomm Technologies, Inc. and/or its affiliated companies.

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

Note: Certain services and materials may require you to accept additional terms and conditions before accessing or using those items.

References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures.

Nothing in these materials is an offer to sell or license any of the services or materials referenced herein.