Press Release

Qualcomm Reaffirms Financial Guidance For Fiscal Third Quarter 2005

May 4, 2005SAN DIEGO

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

Qualcomm Incorporated (Nasdaq: QCOM) today reaffirmed its financial guidance previously provided on April 20, 2005, for the third fiscal quarter ending June 26, 2005, to facilitate discussion at its analyst meeting. The previously provided financial guidance is detailed in Qualcomm's second quarter fiscal 2005 earnings press release and can be found at the following Website http://www.qualcomm.com/ir/earnings.html.

Qualcomm is hosting its analyst meeting for institutional investors and equity analysts on May 5, 2005. The meeting will be held at the Essex House Hotel in New York, NY, and will be simulcast on the Company's Website at www.qualcomm.com. Executive presentations will begin at 8:00am EDT and will conclude at 1:00pm EDT.

If you are an institutional investor or financial analyst and would like to register for the analyst meeting please email tdunnam@qualcomm.com.

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, California, 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.

Note Regarding Forward-Looking Statements
In addition to the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ substantially from those referred to herein due to a number of factors, including but not limited to risks associated with: the rate of development, deployment and commercial acceptance of CDMA based networks and CDMA based technology, including CDMA2000 1X, 1xEV-DO and WCDMA, both domestically and internationally; our dependence on major customers and licensees; fluctuations in the demand for CDMA based products, services or applications; foreign currency fluctuations; strategic loans, investments and transactions the Company has or may pursue; our dependence on third party manufacturers and suppliers; our ability to maintain and improve operational efficiencies and profitability; developments in current and future litigation, as well as the other risks detailed from time-to-time in the Company's SEC reports.

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