Julie C. (of Qualcomm IR Dept) may have "moved on" (?) -- at the end of the e-mail I received on the earnings guidance :
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Date: Fri, 21 Jun 2002 07:34:08 EDT
From: QUALCOMM@qualcomm.com
Subject: QUALCOMM Expects Improved Earnings in June 2002 Quarter...
To: XXXXX@earthlink.net
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( BW)(CA-QUALCOMM-INCORPORATED)(QCOM) QUALCOMM Expects Improved
Earnings in June 2002 Quarter; Expects to Meet or Exceed $0.23 Pro
Forma Earnings Per Share and 16 Million Phone Chip Shipments
Business Editors & High-Tech Writers
SAN DIEGO--(BUSINESS WIRE)--June 21, 2002--QUALCOMM Incorporated
(Nasdaq: QCOM), pioneer and world leader of Code Division Multiple
Access (CDMA) digital wireless technology, today announced it expects
pro forma earnings per share, which excludes QUALCOMM Strategic
Initiatives (QSI), to meet or exceed the high end of the previously
announced range for the third quarter of fiscal 2002. The Company had
previously indicated pro forma earnings per share of $0.21-$0.23 per
share in the third fiscal quarter. The Company also announced that it
expects to achieve or exceed the high end of its previous guidance of
15-16 million MSM(TM) phone chip shipments. Further, the Company is
experiencing strong order input for the fourth fiscal quarter ending
September 29, 2002.
This strong outlook is due to increasing demand for CDMA products
across all major regions of CDMA deployment. Key drivers include the
rapid worldwide growth of third-generation (3G) CDMA2000 1X networks,
BREW(TM) applications and gpsOne(TM) position location capabilities.
There are currently over 10 million reported subscribers of CDMA2000
1X services and approximately two million users of gpsOne position
location products and services.
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
traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.
This release contains, in addition to historical information,
forward-looking statements (including, without limitation, statements
about the Company's anticipated pro forma earnings per share for the
third fiscal quarter, shipment levels for its MSM chips and order
levels for the fourth fiscal quarter) that involve risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. These risks include:
global economic conditions; the rate of adoption of 3G CDMA technology
and wireless networks; our dependence on a limited number of
significant customers; risks associated with international business
activities; currency fluctuations; dependence on third party
manufacturers and suppliers; and the other risks discussed in its
Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and
other reports filed with the Securities and Exchange Commission.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. MSM,
BREW and gpsOne are trademarks of QUALCOMM Incorporated. All other
trademarks are the property of their respective owners.
--30--
CONTACT: QUALCOMM Incorporated
Investor Relations
Nancy Linke, 858/658-4086
Fax: 858/651-9303
nlinke@qualcomm.com
or
Corporate Public Relations
Christine Trimble, 858/651-3628
Fax: 858/651-5873
publicrelations@qualcomm.com
************************************
I noticed no Julie Cunningham !
Jon. |
