Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced that Lou Lupin has resigned his position as executive vice president and general counsel. Carol Lam, senior vice president and legal counsel, will serve as acting general counsel of Qualcomm while a nationwide executive search is conducted for a new general counsel.
“We are appreciative of Lou's many valuable contributions to the Company,” said Dr. Paul E. Jacobs, CEO of Qualcomm. “He has played a major role in the formation of Qualcomm's successful technology licensing program and negotiation of key licensing agreements. His counsel and direction on legal matters and intellectual property expertise and strategy has greatly benefited the Company.”
Carol Lam joined Qualcomm in February 2007 as a senior member of the Company's legal team after having served as the United States Attorney for the Southern District of California since 2002. Since joining the Company, Lam has helped manage and direct the Company's legal strategies worldwide.
“Carol is highly regarded as a top prosecutor who has litigated complex cases with national impact,” said Steve Altman, president of Qualcomm. “With her experience and proven track record, I have full confidence that Carol and the senior members of our legal team will continue to manage our legal matters during this transitional period.”
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 2007 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 24, 2006, and most recent Form 10-Q.