Qualcomm (NASDAQ: QCOM) is an American wireless telecommunications research and development company, as well as the largest fabless chip supplier in the world, based in San Diego, California.
QUALCOMM Incorporated (Qualcomm) is a wireless communications company dedicated to the creation of innovative mobile phone systems. Its patented code division multiple access (CDMA) technology is used by telecommunications companies across the globe and has played an integral role in the development of a single international standard for wireless communications. Qualcomm's Third Generation technologies have combined mobile communications with Internet and email access, providing cell phone users with a range of data transfer capabilities. This integration of wireless and information technologies remains the company's primary goal heading into the 21st century.
QUALCOMM Incorporated (Qualcomm), incorporated in 1985, designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. The Company operates through four segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); Qualcomm Wireless & Internet (QWI), and Qualcomm Strategic Initiatives (QSI). QCT is a developer and supplier of CDMA-based integrated circuits and system software for wireless voice and data communications, multimedia functions and global positioning system products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio, which includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products. QWI, which includes Qualcomm Enterprise Services (QES), Qualcomm Internet Services (QIS), Qualcomm Government Technologies (QGOV) and Firethorn, generates revenues primarily through mobile information products and services and software and software development aimed at support and delivery of wireless applications. QSI consists of the Company’s strategic investment activities, including FLO TV Incorporated (FLO TV), its wholly owned wireless multimedia operator subsidiary. In October 2010, the Company’s wholly owned subsidiary, Qualcomm Innovation Center, Inc., acquired iSkoot Technologies Inc.
Qualcomm CDMA Technologies Segment
QCT’s integrated circuit products and system software are used in wireless devices, particularly mobile phones, laptops, data modules, handheld wireless computers, data cards and infrastructure equipment. These products provide customers with advanced wireless technology, enhanced component integration and interoperability and reduced time-to-market. QCT markets and sells products in the United States and internationally through a global sales force. QCT products are sold to many wireless device and infrastructure equipment manufacturers. During the fiscal year ended September 26, 2010 (fiscal 2010), QCT shipped approximately 399 million mobile station modem (MSM) integrated circuits for CDMA wireless devices worldwide. QCT revenues comprised 61% of total consolidated revenues in fiscal 2010.
QCT offers a portfolio of products, including both wireless device and infrastructure integrated circuits, in support of CDMA2000 1X and 1x evolution data optimized (EV-DO), as well as the EV-DO Revision A and EV-DO Revision B evolutions of CDMA 2000 technology. It has also developed integrated circuits for manufacturers and wireless operators deploying the Wideband CDMA (WCDMA) version of third-generation (3G). More than 60 device manufacturers have selected its WCDMA products that support global system for mobile communications/ general packet radio service (GSM/GPRS), WCDMA, high-speed downlink packet access (HSDPA), high speed uplink packet access (HSUPA) and high speed packet access (HSPA+) for their devices. The Snapdragon family of chipset products is designed to enable its customers to develop computing-centric devices that also offer a range of wireless connectivity capabilities.
Qualcomm Technology Licensing Segment
QTL’s wireless products include products implementing cdmaOne, CDMA2000, WCDMA, CDMA time division duplex (TDD) (including TD-SCDMA), GSM/GPRS/ enhanced data rates for global evolution (EDGE) and/or orthogonal frequency division multiplexing access (OFDMA) (long term evolution (LTE), Worldwide Interoperability for Microwave Access, Inc. (WiMax)) standards and their derivatives. QTL receives license fees, as well as ongoing royalties based on worldwide sales by licensees of products incorporating or using its intellectual property. QTL revenues comprised 33% of total consolidated revenues in fiscal 2010.
Qualcomm Wireless & Internet Segment
The four divisions aggregated into QWI comprised: Qualcomm Internet Services (QIS), Qualcomm Enterprise Services (QES), Qualcomm Government Technologies (QGOV) and Firethorn. The QIS division offers a set of software products and content enablement services to support and accelerate the growth and advancement of the wireless data market. QIS offers Brew products and services for wireless applications development, device configuration, application distribution and billing and payment. In addition, QIS offers Plaza products and services that enable mobile shopping experiences across various platforms and devices. The QIS division develops and sells business-to-business products and services to companies worldwide. The QES division provides equipment, software and services to enable companies to wirelessly connect with their assets and workforce. QES offers satellite- and terrestrial-based two-way wireless connectivity and position location services to transportation and logistics fleets and other enterprise companies that permit customers to track the location and monitor performance of their assets, communicate with their personnel and collect data.
The QGOV division provides development, hardware and analytical expertise involving wireless communications technologies to United States government (USG) agencies. QGOV adapts, integrates and ships CDMA2000 1X and EV-DO deployable base stations to the USG. QGOV also developed and launched a Brew-based application providing encryption on mobile devices. Firethorn provides a single, secure, certified application embedded on select wireless devices, which enables financial institutions and merchants to deliver branded services to consumers through the wireless devices. QWI revenues comprised 6% of total consolidated revenues in fiscal 2010.
Qualcomm Strategic Initiatives Segment
The Company’s FLO TV subsidiary operates a nationwide multicast network in the United States based on its MediaFLO MDS and MediaFLO technology, which leverages the Forward Link Only (FLO) air interface standard. FLO TV’s network uses the 700 megahertz spectrum for which it holds licenses nationwide. It develops its MediaFLO technology to enable FLO TV and other international wireless operators to optimize the low cost delivery of multimedia content to multiple wireless subscribers simultaneously. Its MediaFLO technology is designed specifically to bring broadcast quality video to mobile devices efficiently and cost effectively. The MediaFLO technology operates on a broadcast network and is complementary to wireless operators operating on CDMA2000 1xEV-DO, WCDMA or GSM networks.
Other Businesses
Qualcomm MEMS Technologies (QMT) is developing display technology for the full range of consumer-targeted mobile products. MediaFLO Technologies (MFT) is comprised of the FLO Technology group, which develops its MediaFLO technology, and the FLO International group, which markets MediaFLO for deployment outside of the United States.
The Company competes with Broadcom, Freescale, Fujitsu, Icera, Intel, Marvell Technology, Mediatek, nVidia, Renesas Electronics, ST-Ericsson, Texas Instruments and VIA Telecom, Ericsson, Matsushita, Motorola and Samsung.
Qualcomm was founded in 1985 by UC San Diego Professor Irwin Jacobs, USC Alumni Andrew Viterbi, Harvey White, Adelia Coffman, Andrew Cohen, Klein Gilhousen, and Franklin Antonio. Jacobs and Viterbi had previously founded Linkabit. Qualcomm's first products and services included the OmniTRACS satellite locating and messaging service, used by long-haul trucking companies, developed from a product called Omninet owned by Parviz Nazarian and Neil Kadisha, and specialized integrated circuits for digital radio communications such as a Viterbi decoder.
In 1990, Qualcomm began the design of the first CDMA-based cellular base station, based upon calculations derived from the CDMA-based OmniTRACS satellite system. This work began as a study contract from AirTouch which was facing a shortage of cellular capacity in Los Angeles. Two years later Qualcomm began to manufacture CDMA cell phones, base stations, and chips. The initial base stations were not reliable and the technology was licensed wholly to Nortel in return for their work in improving the base station switching. The first CDMA technology was standardized as IS-95. Qualcomm has since helped to establish the CDMA-2000, WCDMA, and LTE cellular standards.
In 1997, Qualcomm paid $18 million for the naming rights to the Jack Murphy Stadium in San Diego, renaming it to Qualcomm Stadium. The naming rights will belong to Qualcomm until 2017.
As the millennium approached, Qualcomm continued to work tirelessly to establish CDMA as the global standard for cellular communications. As the sole producer of CDMA, however, the company encountered a great deal of opposition from the nation's phone industry, which was wary of relying on a single supplier for its cellular technology. Qualcomm responded to this resistance by loosening its licensing restrictions, making CDMA technology available to a range of manufacturers, many of them in Asia. The reasoning was simple: By broadening the production capacity for CDMA, Qualcomm hoped to make prices more competitive, thereby providing the major telecommunications corporations with a wider range of choices. At the same time, Qualcomm saw this strategy as a means of establishing a more powerful presence for CDMA technology in the global marketplace.
In the late 1990s the company undertook a series of initiatives designed to expand its reach into emerging cell phone markets in Asia. The biggest prize was China, where the number of cell phone users was projected to exceed 70 million by the year 2000. Despite a number of promising tests of CDMA technology in the Chinese marketplace, however, China continued to favor GSM, which was still the industry standard in Europe. After failing in its initial bid to forge a strategic alliance with China Unicom, one of the country's largest cell phone companies, Qualcomm signed research-and-development deals with seven Chinese cell phone manufacturers in June 2000, in the hope that the increased presence of CDMA on the production level might stir up greater interest among the larger Chinese telecom companies.
The competitive advantage held by GSM technology in the late 1990s, however, still posed a serious threat to the future of CDMA. Companies like Ericsson, reluctant to give Qualcomm the opportunity to promote CDMA as an alternative to GSM in Europe, successfully lobbied regulators to maintain a single European standard, effectively closing the door on foreign competition. The conflict came to a head in 1998, when Ericsson introduced a new technology that was based on CDMA, but not compatible with it. A patent infringement lawsuit ensued, with the two companies reaching a settlement in March 1999. The agreement created a new standard in Europe, one that would allow for compatibility among the various competing technologies.
The agreement with Ericsson turned out to be a watershed moment for Qualcomm. No longer distracted by concerns of being shut out of international cell phone markets, the company was able to devote more attention to the development of its Third Generation, or 3G, wireless technologies. The company had already set the stage for the creation of its 3G products in November 1998, when it joined with Microsoft to create Wireless Knowledge, a joint venture dedicated to the integration of data transfer capability with mobile communications. The new technology, known as High Data Rate, or HDR, would allow subscribers to access the Internet and email accounts from their cell phones. In April 2000 Qualcomm purchased a 10 percent share of Net Zero, with the intention of making the Internet provider the first to utilize HDR in the United States.
The company achieved another breakthrough in January 2002, when Verizon Wireless launched the nation's first 3G mobile phone service, called Express Network, using Qualcom's patented CDMA2000 technology. That same month Qualcomm finally reached an agreement with China Unicom to implement CDMA as the Chinese telecom's standard. Having established a foothold in China, Qualcomm then turned its attention to other emerging markets. It invested $200 million in the Indian company Reliance Communications Ltd., with the aim of laying the foundation for the introduction of CDMA to the subcontinent. The long-awaited acceptance of CDMA on the international stage, combined with the meteoric development of 3G technology in the United States, put Qualcomm on firm ground heading into the new century.
Principal Subsidiaries: SnapTrack, Inc.; Wireless Knowledge, Inc. (50%).
Principal Divisions: QUALCOMM CDMA Technologies; QUALCOMM Technology Licensing; QUALCOMM Internet Services; QUALCOMM Wireless Business Solutions; QUALCOMM Digital Media; QUALCOMM Ventures.
Principal Competitors: Motorola, Inc.; Nokia Corporation; Texas Instruments Incorporated.
OVERALL
Beta: 0.95
Market Cap (Mil.): $95,730.97
Shares Outstanding (Mil.): 1,669.53
Annual Dividend: 0.86
Yield (%): 1.50
FINANCIALS
QCOM.O Industry Sector
P/E (TTM): 24.91 19.26 20.32
EPS (TTM): 22.87 -- --
ROI: 13.92 5.73 15.89
ROE: 16.64 7.21 17.48
Statistics:
Public Company
Incorporated: 1985
Employees: 6,500
Sales: $2.7 billion (2001)
Stock Exchanges: NASDAQ
Ticker Symbol: QCOM
NAIC: 334220 Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (pt)
Key Dates:
1965: Irwin Jacobs publishes Principles of Communication Engineering.
1968: Irwin Jacobs and Andrew Viterbi found Linkabit.
1980: Linkabit merges with M/A-COM to form M/A-COM Linkabit.
1985: Qualcomm Inc. is formed.
1988: Qualcomm launches the OmniTRACS messaging system.
1993: U.S. Telecommunications Industry Association adopts Qualcomm's CDMA technology as a cellular standard.
1999: Qualcomm reaches settlement in a patent-infringement suit with L.M. Ericsson.
2002: China Unicom agrees to implement Qualcomm's CDMA technology.
Name Age Since Current Position
Paul Jacobs 48 2009 Chairman of the Board, Chief Executive Officer
Steven Altman 49 2005 President
William Keitel 57 2003 Chief Financial Officer, Executive Vice President
Roberto Padovani 56 2001 Executive Vice President, Chief Technology Officer
Donald Rosenberg 59 2007 Executive Vice President, General Counsel, Corporate Secretary
Daniel Sullivan 59 2001 Executive Vice President - Human Resources
James Lederer 50 2009 Executive Vice President, General Manager -Qualcomm CDMA Technologies
Margaret Johnson 48 2011 Executive Vice President and President - Global Market Development
Jing Wang 48 2011 Executive Vice President and President - Global Business Operations
Andrew Gilbert 47 2010 Executive Vice President, President - Qualcomm Europe
Steven Mollenkopf 41 2010 Executive Vice President, Group President
Derek Aberle 40 2008 Executive Vice President, President - Qualcomm Technology Licensing
Irwin Jacobs 77 2009 Director
Barbara Alexander 62 2006 Director
Robert Kahn 72 1997 Independent Director
Duane Nelles 67 1988 Independent Director
Brent Scowcroft 85 1994 Independent Director
Marc Stern 1994 Independent Director
Raymond Dittamore 67 2002 Independent Director
Donald Cruickshank 68 2005 Independent Director
Sherry Lansing 66 2006 Independent Director
Stephen Bennett 57 2008 Independent Director
Thomas Horton 49 2008 Independent Director
Francisco Ros 60 2010 Independent Director
Address:
5775 Morehouse Drive
San Diego, California 92121-1714
U.S.A.
QUALCOMM Incorporated (Qualcomm) is a wireless communications company dedicated to the creation of innovative mobile phone systems. Its patented code division multiple access (CDMA) technology is used by telecommunications companies across the globe and has played an integral role in the development of a single international standard for wireless communications. Qualcomm's Third Generation technologies have combined mobile communications with Internet and email access, providing cell phone users with a range of data transfer capabilities. This integration of wireless and information technologies remains the company's primary goal heading into the 21st century.
QUALCOMM Incorporated (Qualcomm), incorporated in 1985, designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. The Company operates through four segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); Qualcomm Wireless & Internet (QWI), and Qualcomm Strategic Initiatives (QSI). QCT is a developer and supplier of CDMA-based integrated circuits and system software for wireless voice and data communications, multimedia functions and global positioning system products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio, which includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products. QWI, which includes Qualcomm Enterprise Services (QES), Qualcomm Internet Services (QIS), Qualcomm Government Technologies (QGOV) and Firethorn, generates revenues primarily through mobile information products and services and software and software development aimed at support and delivery of wireless applications. QSI consists of the Company’s strategic investment activities, including FLO TV Incorporated (FLO TV), its wholly owned wireless multimedia operator subsidiary. In October 2010, the Company’s wholly owned subsidiary, Qualcomm Innovation Center, Inc., acquired iSkoot Technologies Inc.
Qualcomm CDMA Technologies Segment
QCT’s integrated circuit products and system software are used in wireless devices, particularly mobile phones, laptops, data modules, handheld wireless computers, data cards and infrastructure equipment. These products provide customers with advanced wireless technology, enhanced component integration and interoperability and reduced time-to-market. QCT markets and sells products in the United States and internationally through a global sales force. QCT products are sold to many wireless device and infrastructure equipment manufacturers. During the fiscal year ended September 26, 2010 (fiscal 2010), QCT shipped approximately 399 million mobile station modem (MSM) integrated circuits for CDMA wireless devices worldwide. QCT revenues comprised 61% of total consolidated revenues in fiscal 2010.
QCT offers a portfolio of products, including both wireless device and infrastructure integrated circuits, in support of CDMA2000 1X and 1x evolution data optimized (EV-DO), as well as the EV-DO Revision A and EV-DO Revision B evolutions of CDMA 2000 technology. It has also developed integrated circuits for manufacturers and wireless operators deploying the Wideband CDMA (WCDMA) version of third-generation (3G). More than 60 device manufacturers have selected its WCDMA products that support global system for mobile communications/ general packet radio service (GSM/GPRS), WCDMA, high-speed downlink packet access (HSDPA), high speed uplink packet access (HSUPA) and high speed packet access (HSPA+) for their devices. The Snapdragon family of chipset products is designed to enable its customers to develop computing-centric devices that also offer a range of wireless connectivity capabilities.
Qualcomm Technology Licensing Segment
QTL’s wireless products include products implementing cdmaOne, CDMA2000, WCDMA, CDMA time division duplex (TDD) (including TD-SCDMA), GSM/GPRS/ enhanced data rates for global evolution (EDGE) and/or orthogonal frequency division multiplexing access (OFDMA) (long term evolution (LTE), Worldwide Interoperability for Microwave Access, Inc. (WiMax)) standards and their derivatives. QTL receives license fees, as well as ongoing royalties based on worldwide sales by licensees of products incorporating or using its intellectual property. QTL revenues comprised 33% of total consolidated revenues in fiscal 2010.
Qualcomm Wireless & Internet Segment
The four divisions aggregated into QWI comprised: Qualcomm Internet Services (QIS), Qualcomm Enterprise Services (QES), Qualcomm Government Technologies (QGOV) and Firethorn. The QIS division offers a set of software products and content enablement services to support and accelerate the growth and advancement of the wireless data market. QIS offers Brew products and services for wireless applications development, device configuration, application distribution and billing and payment. In addition, QIS offers Plaza products and services that enable mobile shopping experiences across various platforms and devices. The QIS division develops and sells business-to-business products and services to companies worldwide. The QES division provides equipment, software and services to enable companies to wirelessly connect with their assets and workforce. QES offers satellite- and terrestrial-based two-way wireless connectivity and position location services to transportation and logistics fleets and other enterprise companies that permit customers to track the location and monitor performance of their assets, communicate with their personnel and collect data.
The QGOV division provides development, hardware and analytical expertise involving wireless communications technologies to United States government (USG) agencies. QGOV adapts, integrates and ships CDMA2000 1X and EV-DO deployable base stations to the USG. QGOV also developed and launched a Brew-based application providing encryption on mobile devices. Firethorn provides a single, secure, certified application embedded on select wireless devices, which enables financial institutions and merchants to deliver branded services to consumers through the wireless devices. QWI revenues comprised 6% of total consolidated revenues in fiscal 2010.
Qualcomm Strategic Initiatives Segment
The Company’s FLO TV subsidiary operates a nationwide multicast network in the United States based on its MediaFLO MDS and MediaFLO technology, which leverages the Forward Link Only (FLO) air interface standard. FLO TV’s network uses the 700 megahertz spectrum for which it holds licenses nationwide. It develops its MediaFLO technology to enable FLO TV and other international wireless operators to optimize the low cost delivery of multimedia content to multiple wireless subscribers simultaneously. Its MediaFLO technology is designed specifically to bring broadcast quality video to mobile devices efficiently and cost effectively. The MediaFLO technology operates on a broadcast network and is complementary to wireless operators operating on CDMA2000 1xEV-DO, WCDMA or GSM networks.
Other Businesses
Qualcomm MEMS Technologies (QMT) is developing display technology for the full range of consumer-targeted mobile products. MediaFLO Technologies (MFT) is comprised of the FLO Technology group, which develops its MediaFLO technology, and the FLO International group, which markets MediaFLO for deployment outside of the United States.
The Company competes with Broadcom, Freescale, Fujitsu, Icera, Intel, Marvell Technology, Mediatek, nVidia, Renesas Electronics, ST-Ericsson, Texas Instruments and VIA Telecom, Ericsson, Matsushita, Motorola and Samsung.
Qualcomm was founded in 1985 by UC San Diego Professor Irwin Jacobs, USC Alumni Andrew Viterbi, Harvey White, Adelia Coffman, Andrew Cohen, Klein Gilhousen, and Franklin Antonio. Jacobs and Viterbi had previously founded Linkabit. Qualcomm's first products and services included the OmniTRACS satellite locating and messaging service, used by long-haul trucking companies, developed from a product called Omninet owned by Parviz Nazarian and Neil Kadisha, and specialized integrated circuits for digital radio communications such as a Viterbi decoder.
In 1990, Qualcomm began the design of the first CDMA-based cellular base station, based upon calculations derived from the CDMA-based OmniTRACS satellite system. This work began as a study contract from AirTouch which was facing a shortage of cellular capacity in Los Angeles. Two years later Qualcomm began to manufacture CDMA cell phones, base stations, and chips. The initial base stations were not reliable and the technology was licensed wholly to Nortel in return for their work in improving the base station switching. The first CDMA technology was standardized as IS-95. Qualcomm has since helped to establish the CDMA-2000, WCDMA, and LTE cellular standards.
In 1997, Qualcomm paid $18 million for the naming rights to the Jack Murphy Stadium in San Diego, renaming it to Qualcomm Stadium. The naming rights will belong to Qualcomm until 2017.
As the millennium approached, Qualcomm continued to work tirelessly to establish CDMA as the global standard for cellular communications. As the sole producer of CDMA, however, the company encountered a great deal of opposition from the nation's phone industry, which was wary of relying on a single supplier for its cellular technology. Qualcomm responded to this resistance by loosening its licensing restrictions, making CDMA technology available to a range of manufacturers, many of them in Asia. The reasoning was simple: By broadening the production capacity for CDMA, Qualcomm hoped to make prices more competitive, thereby providing the major telecommunications corporations with a wider range of choices. At the same time, Qualcomm saw this strategy as a means of establishing a more powerful presence for CDMA technology in the global marketplace.
In the late 1990s the company undertook a series of initiatives designed to expand its reach into emerging cell phone markets in Asia. The biggest prize was China, where the number of cell phone users was projected to exceed 70 million by the year 2000. Despite a number of promising tests of CDMA technology in the Chinese marketplace, however, China continued to favor GSM, which was still the industry standard in Europe. After failing in its initial bid to forge a strategic alliance with China Unicom, one of the country's largest cell phone companies, Qualcomm signed research-and-development deals with seven Chinese cell phone manufacturers in June 2000, in the hope that the increased presence of CDMA on the production level might stir up greater interest among the larger Chinese telecom companies.
The competitive advantage held by GSM technology in the late 1990s, however, still posed a serious threat to the future of CDMA. Companies like Ericsson, reluctant to give Qualcomm the opportunity to promote CDMA as an alternative to GSM in Europe, successfully lobbied regulators to maintain a single European standard, effectively closing the door on foreign competition. The conflict came to a head in 1998, when Ericsson introduced a new technology that was based on CDMA, but not compatible with it. A patent infringement lawsuit ensued, with the two companies reaching a settlement in March 1999. The agreement created a new standard in Europe, one that would allow for compatibility among the various competing technologies.
The agreement with Ericsson turned out to be a watershed moment for Qualcomm. No longer distracted by concerns of being shut out of international cell phone markets, the company was able to devote more attention to the development of its Third Generation, or 3G, wireless technologies. The company had already set the stage for the creation of its 3G products in November 1998, when it joined with Microsoft to create Wireless Knowledge, a joint venture dedicated to the integration of data transfer capability with mobile communications. The new technology, known as High Data Rate, or HDR, would allow subscribers to access the Internet and email accounts from their cell phones. In April 2000 Qualcomm purchased a 10 percent share of Net Zero, with the intention of making the Internet provider the first to utilize HDR in the United States.
The company achieved another breakthrough in January 2002, when Verizon Wireless launched the nation's first 3G mobile phone service, called Express Network, using Qualcom's patented CDMA2000 technology. That same month Qualcomm finally reached an agreement with China Unicom to implement CDMA as the Chinese telecom's standard. Having established a foothold in China, Qualcomm then turned its attention to other emerging markets. It invested $200 million in the Indian company Reliance Communications Ltd., with the aim of laying the foundation for the introduction of CDMA to the subcontinent. The long-awaited acceptance of CDMA on the international stage, combined with the meteoric development of 3G technology in the United States, put Qualcomm on firm ground heading into the new century.
Principal Subsidiaries: SnapTrack, Inc.; Wireless Knowledge, Inc. (50%).
Principal Divisions: QUALCOMM CDMA Technologies; QUALCOMM Technology Licensing; QUALCOMM Internet Services; QUALCOMM Wireless Business Solutions; QUALCOMM Digital Media; QUALCOMM Ventures.
Principal Competitors: Motorola, Inc.; Nokia Corporation; Texas Instruments Incorporated.
OVERALL
Beta: 0.95
Market Cap (Mil.): $95,730.97
Shares Outstanding (Mil.): 1,669.53
Annual Dividend: 0.86
Yield (%): 1.50
FINANCIALS
QCOM.O Industry Sector
P/E (TTM): 24.91 19.26 20.32
EPS (TTM): 22.87 -- --
ROI: 13.92 5.73 15.89
ROE: 16.64 7.21 17.48
Statistics:
Public Company
Incorporated: 1985
Employees: 6,500
Sales: $2.7 billion (2001)
Stock Exchanges: NASDAQ
Ticker Symbol: QCOM
NAIC: 334220 Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (pt)
Key Dates:
1965: Irwin Jacobs publishes Principles of Communication Engineering.
1968: Irwin Jacobs and Andrew Viterbi found Linkabit.
1980: Linkabit merges with M/A-COM to form M/A-COM Linkabit.
1985: Qualcomm Inc. is formed.
1988: Qualcomm launches the OmniTRACS messaging system.
1993: U.S. Telecommunications Industry Association adopts Qualcomm's CDMA technology as a cellular standard.
1999: Qualcomm reaches settlement in a patent-infringement suit with L.M. Ericsson.
2002: China Unicom agrees to implement Qualcomm's CDMA technology.
Name Age Since Current Position
Paul Jacobs 48 2009 Chairman of the Board, Chief Executive Officer
Steven Altman 49 2005 President
William Keitel 57 2003 Chief Financial Officer, Executive Vice President
Roberto Padovani 56 2001 Executive Vice President, Chief Technology Officer
Donald Rosenberg 59 2007 Executive Vice President, General Counsel, Corporate Secretary
Daniel Sullivan 59 2001 Executive Vice President - Human Resources
James Lederer 50 2009 Executive Vice President, General Manager -Qualcomm CDMA Technologies
Margaret Johnson 48 2011 Executive Vice President and President - Global Market Development
Jing Wang 48 2011 Executive Vice President and President - Global Business Operations
Andrew Gilbert 47 2010 Executive Vice President, President - Qualcomm Europe
Steven Mollenkopf 41 2010 Executive Vice President, Group President
Derek Aberle 40 2008 Executive Vice President, President - Qualcomm Technology Licensing
Irwin Jacobs 77 2009 Director
Barbara Alexander 62 2006 Director
Robert Kahn 72 1997 Independent Director
Duane Nelles 67 1988 Independent Director
Brent Scowcroft 85 1994 Independent Director
Marc Stern 1994 Independent Director
Raymond Dittamore 67 2002 Independent Director
Donald Cruickshank 68 2005 Independent Director
Sherry Lansing 66 2006 Independent Director
Stephen Bennett 57 2008 Independent Director
Thomas Horton 49 2008 Independent Director
Francisco Ros 60 2010 Independent Director
Address:
5775 Morehouse Drive
San Diego, California 92121-1714
U.S.A.