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

To: Jon Koplik who wrote (11916)	7/1/1998 8:30:00 AM
From: straight life	Respond to of 152472

QUALCOMM Promotes Richard Sulpizio to President; Harvey White to Assume Role As Vice Chairman and Head of Telecom Services Business SAN DIEGO, July 1 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM - news) today announced the promotion of Richard Sulpizio to president of QUALCOMM. Mr. Sulpizio will retain his current position as chief operating officer in addition to his new responsibilities as president. Mr. Sulpizio replaces Harvey White who was appointed vice chairman of QUALCOMM. As previously announced, subject to final board approval, QUALCOMM is planning to spin off its joint ventures in the wireless telecom services into a new public company. In addition to being appointed as a vice chairman of QUALCOMM, Mr. White has been appointed as chairman, president and CEO of a wholly owned QUALCOMM subsidiary that has been formed in anticipation of the spin-off. Upon the spin-off of the subsidiary, Mr. White will resign his new role as a vice chairman of QUALCOMM, but will continue to lead the new public company as its chairman, president and CEO. Dr. Andrew Viterbi, who currently is vice chairman of QUALCOMM, will continue as vice chairman of QUALCOMM. ''As COO, Rich has been instrumental in the daily operations of QUALCOMM during its rapid growth into a major supplier to the telecom markets worldwide,'' said Dr. Irwin M. Jacobs, chairman and CEO of QUALCOMM. ''Rich has added great value since he joined QUALCOMM in May of 1991. His extensive knowledge of the Company's diverse business areas and proven leadership skills will help us to continue to provide new technologies, products and solutions for the wireless industry.'' Mr. Sulpizio joined QUALCOMM in 1991 as vice president of information systems. Since joining QUALCOMM, Mr. Sulpizio has also served as executive vice president and president of QUALCOMM's OmniTRACS Division as well as chief operating officer. Prior to QUALCOMM, Mr. Sulpizio held senior management positions with Unisys Corporation [NYSE:UIS - news]. Mr. Sulpizio holds a bachelor's degree from California State University and a master's degree in systems management from the University of Southern California. ''Harvey White is one of the original seven founders of QUALCOMM and has been an integral part of the Company's tremendous growth to over 10,000 employees and $3 billion in revenues,'' said Jacobs. ''With the increasing demand for wireless telecommunications services worldwide, the management and operation of new service companies offers tremendous potential. The new company will benefit greatly from Harvey's extensive experience in the telecommunications industry.'' Headquartered in San Diego, QUALCOMM develops, manufactures, markets, licenses and operates advanced communications systems and products based on its proprietary digital wireless technologies. The Company's primary product areas are the OmniTRACS(R) system (a geostationary satellite-based, mobile communications system providing two-way data and position reporting services), CDMA wireless communications systems and products and, in conjunction with others, the development of the Globalstar(TM) low-earth-orbit (LEO) satellite communications system. Other Company products include the Eudora Pro(R) electronic mail software, ASIC products, and communications equipment and systems for government and commercial customers worldwide. For more information on QUALCOMM products and technologies, please visit the Company's web site at qualcomm.com. Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the ability to structure the spin-off transaction to meet its publicly stated objectives and to accomplish the spin-off in a timely manner, the impact of the spin-off on QUALCOMM's stock price, the ability of the management of the spin-off company to realize value for its stockholders, 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 28, 1997 and most recent Form 10-Q.

To: Jon Koplik who wrote (11916)	7/1/1998 8:33:00 AM
From: straight life	Respond to of 152472

QUALCOMM Obtains Rights to Werner Enterprises' Paperless Log System; Proprietary Software Application Part of Two-Year Pilot Program with FHWA SAN DIEGO, July 1 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM - news), a leader in mobile communications for the transportation industry, today announced that it has obtained the intellectual property rights to the Paperless Log System, an automated electronic record-keeping application for drivers developed by Werner Enterprises (Nasdaq: WERN - news), one of the nation's five largest truckload transportation companies. Using data from QUALCOMM's OmniTRACS(R) mobile information management system, the Paperless Log System was developed independently by Werner to improve driver compliance, promote safety, and reduce regulatory paperwork by substituting mobile-communications- based electronic records for the paper logbooks currently used to monitor truck drivers' hours of service. On June 10, Werner Chairman Clarence L. Werner and the Federal Highway Administration (FHWA) signed an agreement that authorized Werner Enterprises to use the Paperless Log System as part of a two-year pilot project allowing motor carriers to voluntarily enter into agreements with the FHWA to use advanced technology to manage their drivers' compliance with the hours-of- service regulation. Instead of using a driver's handwritten records, the computerized logbook system automatically records a driver's hours and activities throughout the day on the OmniTRACS driver display unit located inside the truck. The information is transferred by the OmniTRACS system to Werner's dispatch computer system. The Department of Transportation can then request access to these records to verify work activities to determine if drivers are in compliance with regulations. Although QUALCOMM has acquired the intellectual property rights in the Paperless Log System, Werner has retained the right to continue to use and develop the application for its internal purposes. The Paperless Log System is designed to integrate with Werner's proprietary dispatch system and therefore can not be used by other motor carriers in its current form. QUALCOMM will determine possible future commercialization of the application after further discussions with the FHWA and its customers. ''We are pleased to see how innovative our customers have become with incorporating our OmniTRACS technology with other applications,'' stated Phil White, senior vice president and general manager of QUALCOMM's OmniTRACS Division. ''Werner should be commended for their vision in using technology to further improve safety and driver satisfaction and we hope to eventually have the capabilities to offer the same innovation to our other customers.'' Werner, an early adopter of the satellite-based OmniTRACS system and a QUALCOMM customer since 1992, recently extended its contract to use the OmniTRACS system and other QUALCOMM products, such as CabCARD(R), to manage the performance of its fleet of trucks. Founded in 1956 by C. L. Werner, Werner Enterprises is a full-service transportation company providing truckload and other transportation services throughout the 48 contiguous states, the 10 provinces of Canada, and trailer services in and out of Mexico. With over 230,000 OmniTRACS units sold worldwide, QUALCOMM is the leading provider of mobile communications and information management systems to the transportation industry. QUALCOMM currently has systems operating in the United States, Canada, Europe, Russia, Middle East, Brazil, Mexico, Japan, Korea and Malaysia. Headquartered in San Diego, QUALCOMM develops, manufactures, markets, licenses and operates advanced communications systems and products based on its proprietary digital wireless technologies. The Company's primary product areas are the OmniTRACS products, CDMA wireless communications systems and products and, in conjunction with others, the development of the Globalstar(TM) low-earth-orbit (LEO) satellite communications system. Other Company products include the Eudora Pro(R) electronic mail software, ASIC products, and communications equipment and systems for government and commercial customers worldwide. For more information on QUALCOMM products and technologies, please visit the Company's Web site at qualcomm.com. Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development, 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 28, 1997 and most recent Form 10-Q.