SAN DIEGO, April 14 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM)
today announced that its Board of Directors has declared a two-for-one stock
split of the Company's Common Stock in the form of a 100 percent stock
dividend. The stock dividend will be distributed on May 10, 1999 to
stockholders of record on April 21, 1999.
QUALCOMM Incorporated (Nasdaq: QCOM) is a leader in developing and
delivering innovative digital wireless communications products and services
based on the Company's CDMA digital technology. The Company's major business
areas include CDMA phones; Application Specific Integrated Circuits (ASICs);
technology licensing; and satellite-based systems including OmniTRACS(R) and
portions of the Globalstar(TM) system. QUALCOMM is headquartered in San
Diego, Calif. QUALCOMM's fiscal 1998 revenues exceeded U.S. $3 billion. For
more information, please visit the Company's web site athttp://www.qualcomm.com.
Except for the historical information contained herein, this press release
contains forward-looking statements that are subject to risks and
uncertainties, including the risk that the historical financial performance of
the Company may not be indicative of future financial performance and the risk
that the recent performance of the Company's Common Stock may not be
indicative of its future performance, as well as 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 27, 1998, and the Company's most recent Form
10-Q.
QUALCOMM and OmniTRACS are registered trademarks of QUALCOMM Incorporated.
Globalstar is a trademark of Loral QUALCOMM Satellite Services, Inc.
SOURCE QUALCOMM Incorporated -0- 04/14/99
/CONTACT: Julie Cunningham, Vice President, Investor Relations of
QUALCOMM, 619-658-4224, or fax: 619-651-9303, juliec@qualcomm.com/ (QCOM) |
