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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (130179)	7/16/2003 7:47:31 AM
From: John Hayman	Respond to of 152472

QUALCOMM Increases Quarterly Dividend Wednesday July 16, 7:30 am ET SAN DIEGO, July 16 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated (Nasdaq: QCOM - News) today announced that its Board of Directors has approved a 40 percent increase in the Company's quarterly dividend from $0.05 to $0.07 per common share, payable on September 26, 2003 to stockholders of record at the close of business on August 29, 2003. "As a result of our very strong cash position and the recent change in the U.S. tax law making the distribution of dividends more efficient, we are pleased to increase the cash payout to shareholders," said Dr. Irwin Mark Jacobs, chairman and CEO of QUALCOMM. "Our business continues to generate excellent positive cash flows at the same time revenues and earnings continue to grow."