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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: 100cfm who wrote (44919)	3/8/2005 7:02:25 AM
From: alanrs	Read Replies (1) of 197155

SAN DIEGO, March 8 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated (Nasdaq: QCOM - News), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that its Board of Directors has approved a 29 percent increase in the Company's quarterly cash dividend, and a doubling of the Company's stock repurchase authority to $2 billion, compared to the previous $1 billion stock repurchase plan which expired February 9, 2005. The dividend rate will increase from $0.07 to $0.09 per share of common stock and will be effective for quarterly dividends payable after March 25, 2005. This dividend increase raises the annual dividend rate to $0.36 per share of common stock.

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