Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: brian h who wrote (13186)	7/24/2001 9:10:11 AM
From: kech	Read Replies (1) \| Respond to of 196626

Sulpizio resigns. Is this trouble or just Rich being dissapointed about not running his own show? New structure. QUALCOMM Announces New Corporate Structure to Focus On Growth Opportunities Company Names Chief Operating Officer, Group Presidents SAN DIEGO--(BUSINESS WIRE)--July 24, 2001--QUALCOMM Incorporated (Nasdaq:QCOM - news), today announced a new corporate structure to focus on growth opportunities following the Company's decision to withdraw its plan to spin off its semiconductor business. QUALCOMM's Board of Directors established two business groups, QUALCOMM Wireless & Internet Group and QUALCOMM CDMA Technologies Group, and approved the following appointments: Anthony S. Thornley as chief operating officer. Mr. Thornley will oversee all operational activities for the Company and will retain his responsibilities as chief financial officer. Dr. Paul E. Jacobs as group president of QUALCOMM Wireless & Internet Group. Dr. Paul Jacobs will oversee QUALCOMM Technology Licensing, QUALCOMM Internet Services (BREW), QUALCOMM Wireless Business Solutions (OmniTRACS), QUALCOMM Digital Media (Digital Cinema, Government Systems). Donald E. Schrock as group president of QUALCOMM CDMA Technologies Group. Mr. Schrock will oversee QUALCOMM CDMA Technologies and SnapTrack. These positions report directly to QUALCOMM Chairman and CEO Dr. Irwin Jacobs, along with Executive Vice Presidents Steve Altman (president of QUALCOMM Technology Licensing), Dan Sullivan (Human Resources), Roberto Padovani (Corporate R&D) and Franklin Antonio (chief technology officer). ``Since its founding in 1985, QUALCOMM has achieved significant growth based on combining technical innovation with rapid product development, marketing and customer support,'' said Dr. Irwin Jacobs, chairman and CEO of QUALCOMM. ``This corporate realignment provides our businesses with strong leadership in a responsive organization to encourage and accommodate change and support the global expansion of the CDMA market.'' QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's Code Division Multiple Access (CDMA) digital technology. The Company's business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless(TM) (BREW(TM)) applications platform; Eudora® e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar(TM) system and wireless fleet management systems, OmniTRACS® and OmniExpress(TM). QUALCOMM owns patents that are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 100 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2001 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM. Note to Editors: QUALCOMM, OmniTRACS and Eudora are registered trademarks of QUALCOMM Incorporated. OmniExpress and BREW are trademarks of QUALCOMM Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. All other trademarks are the property of their respective owners

To: brian h who wrote (13186)	7/24/2001 9:22:58 AM
From: slacker711	Read Replies (2) \| Respond to of 196626

FWIW....my thoughts on the spin-off. It seems to me that they should have gone through with the spin... Message 16115834 Also, as a shareholder, I would have rather had the opportunity to choose between the two businesses. Neither their business prospects or their interests are always aligned. Slacker

To: brian h who wrote (13186)	7/24/2001 9:28:26 AM
From: JohnG	Read Replies (2) \| Respond to of 196626

The Spin gambit achieved its purpose which was to force Nokia to the table before the spin. I suppose some would bemoan the loss of Sulpezio. His actions spoke louder than any commentaries any one could make. He was a verry loose cannon and really, I don't see how most people could stand to work for him. Still, the ASICS seemed to get developed on time and I guess he deserves some credit there. I am sure that the investment bankers are angry -- no spin=no fat commissions from the spin. Still, wall street investment bankers would cut up their own garndmother if they thought that she was worth more as parts than as a whole person. JohnG