Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that Joan Waltman has been appointed president of Qualcomm Wireless Business Solutions (QWBS), the Company's B2B wireless solutions division. Waltman, who most recently served as senior vice president of engineering, product development and global network services for QWBS, assumed her new role effective Monday. Chris Wolfe, who has served as president since May 2001, will remain with QWBS until August 31.
“A valued employee of Qualcomm for 15 years, Joan has been instrumental in strengthening the organization technically and managerially, driving operational efficiency with a customer-centric focus throughout QWBS' engineering organization,” said Steven R. Altman, president-elect, Qualcomm. “She has been a leader in multiple managerial roles at QWBS, actively participating in strategic planning and business operations. Joan and her team have ensured that Qualcomm's wireless technologies are evolving to meet QWBS customers' changing business needs, from expansion into new vertical markets such as construction, to next-generation solutions that incorporate the latest in digital and satellite technologies. Joan's qualifications are impeccable and we are confident in QWBS' future success under her leadership.”
“It is with the greatest sense of pride that I take over the reins of QWBS from Chris Wolfe, who has been a mentor to me and many others within this organization,” said Joan Waltman, QWBS president. “I look forward to continuing the work we began together in elevating the standards of quality and innovation for Qualcomm's digital multimode asset management solutions. I remain committed to bringing our next-generation wireless enterprise products and services to market rapidly - with built-in benefits that improve our customers' bottom lines.”
Chris Wolfe, who spent four years serving as president of QWBS said, “I am very proud of my achievements at Qualcomm and remain committed to ensuring a smooth and effective transition in leadership. I am confident in Joan's capabilities to drive Qualcomm's wireless business solutions to the next level, creating and delivering new innovations for our customers. I am excited about the next phase of my life in retirement and will miss being a part of such a tremendous organization and the industries Qualcomm serves.”
Under Waltman's engineering and product development leadership, QWBS has introduced multiple new offerings for the transportation and logistics market, expanded into new areas such as construction equipment with the successful launch of its GlobalTRACS® equipment management solution, and led the mobile enterprise space by applying best practices and the latest technologies across multiple markets. These new solutions include new applications for the OmniTRACS® mobile communications system, the T2 Untethered TrailerTRACS® asset management solution, GlobalTRACS, OmniOne® mobile communication solution and a suite of application service provider web services. Qualcomm's OmniTRACS system continues to evolve to meet the transportation industry's changing needs; the next generation of the solution, rapidly approaching field tests in customer fleets, will incorporate state-of-the-art innovations including high-speed satellite links, over-the-air software deployment and a text-to-voice user interface.
As head of QWBS engineering, product development and global network services, Waltman spent significant time meeting with key customers and led the engineering group to shorten development time while launching new products and services. In her 15-year tenure at Qualcomm, she has served in numerous roles including as an engineer in the early CDMA system design group; program manager for the CDMA standards group and program manager for the CDMA RTS base station deployments in the early 1990s; senior manager and director of the QWBS Network Service Center, where she led the development of the Las Vegas Network Operations Center backup hub; core team leader for QWBS' first asset tracking product development effort; and engineering vice president for QWBS.
Qualcomm has helped the transportation industry become more efficient since 1988 when the introduction of the OmniTRACS mobile communications solution provided transportation companies with an innovative and effective way of managing logistics. Today Qualcomm is the industry's global leader in providing high-value wireless data solutions with network operations centers that process more than nine million transactions each day. Qualcomm has shipped more than 567,000 Qualcomm mobile systems to businesses in 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 the S&P 500 Index and is a 2004 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.