QUALCOMM Named '2002 Best Financially Managed Company' by Fabless Semiconductor Association
Date(s): 12/12/2002 7:35:00 AM
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SAN DIEGO, Dec. 12 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated
(Nasdaq: QCOM), pioneer and world leader of Code Division Multiple
Access (CDMA) digital wireless technology, was named the winner of
the "2002 Best Financially Managed Company" by the Fabless
Semiconductor Association for outstanding financial performance.
Winners were announced at the FSA's Awards Dinner Celebration on
December 5, 2002, at the Santa Clara Convention Center in Santa
Clara, Calif. The award was accepted by Don Schrock, president of
QUALCOMM CDMA Technologies (QCT), the chipset and system software
division of QUALCOMM, in recognition of the division's
performance.
The FSA and financial analysts evaluated the performance of
publicly traded fabless semiconductor companies 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.
"QUALCOMM, a leader in wireless telecommunications, has
consistently led the fabless industry," said Jodi Shelton,
executive director and co-founder of the FSA. "From the beginning,
QUALCOMM CDMA Technologies has utilized a fabless business model
for production of its chipsets and has demonstrated that fabless
is an extremely successful long-term business model."
The most successful fabless semiconductor companies during the
past year were acknowledged with awards ranging from the most
respected public and private fabless companies to the top start-
ups to watch. For more information on the awards dinner, please
visit fsa.org.
About the Fabless Semiconductor Association
In 1994, industry leaders incorporated FSA ( www.fsa.org ) to
achieve a more optimal balance between wafer demand and capacity.
Its more than 300 corporate members represent fabless companies,
integrated device manufacturers, foundry providers,
packaging/assembly houses, electronic design automation companies,
investment bankers, intellectual property providers and other
companies. The organization encourages the relationship between
fabless companies and suppliers, facilitates business
partnerships, creates awareness of the fabless business model,
disseminates relevant data, and fosters standards and policies.
The FSA's vision is that by 2010 half of all integrated circuit
revenue will come from fabless operations.
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.
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 30,
2002, and most recent Form 10-Q.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. All
other trademarks are the property of their respective owners.
For further information please contact: Stacy Getz, CDMA
Technologies Public Relations, +1-858-845-7674, fax +1-858-845-
7435, stacyg@qualcomm.com, or Patty Goodwin, Corporate Public
Relations, +1-858-651-4127, fax +1-858-651-5873,
publicrelations@qualcomm.com, or Julie Cunningham, Investor
Relations, +1-858-658-4224, fax +1-858-651-9303,
jcunningham@qualcomm.com, all of QUALCOMM Incorporated
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