Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced that the Company has been named the Best Financially Managed Company by the Fabless Semiconductor Association for the fourth consecutive year. The award was announced at the 2005 FSA Awards Dinner Celebration on Thursday, December 8, 2005 in Santa Clara, California. Dr. Sanjay K. Jha, president of Qualcomm CDMA Technologies (QCT), the chipset and system software division of Qualcomm, accepted the award in recognition of the division's performance.
"We are honored to receive this prestigious award from the FSA, recognizing our efforts in validating the viability of the fabless business model," Dr. Jha said. "Our fourth consecutive year with this accomplishment, as well as our success in the semiconductor industry, reinforce our continuing ability to innovate and advance wireless technologies throughout the world."
"We are pleased to recognize Qualcomm CDMA Technologies with the Best Financially Managed Company Award for the fourth consecutive year. This is a tremendous achievement as the company celebrates its twentieth anniversary," said Jodi Shelton, co-founder and executive director of FSA. "A member of FSA since 1996, QCT plays a role on FSA's Board of Directors and participates in FSA committees working to drive to industry solutions."
FSA and financial analysts evaluate the health of public fabless semiconductor companies traded on the U.S. Exchanges 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 to determine the winner.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2005 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.