Qualcomm 1999 Annual Report Download - page 32

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28
YEAR AT A GLANCE: A SUMMARY OF NEWS RELEASES
Network Optimization
A new network optimization tool for
field test engineers, The Retriever
pilot scanner/test phone provides
technicians with portable, wireless
over-the-air testing of network and
handset performance over CDMA
digital cellular and PCS networks.
12.10.98
Ericsson Supports Convergence
Ericsson publicly supports the
convergence of cdma2000™ and
W-CDMA, the proposals based on
CDMA for 3G digital wireless tech-
nology. QUALCOMM invites them to
join in the discussions.
01.11.99
Best Companies List
FORTUNE magazine names QUALCOMM
to its list of “100 Best Companies to
Work for in America.”
01.19.99
First Quarter Results
QUALCOMM reports the highest quar-
terly revenues in its 13-year history.
•1st quarter fiscal 1999 revenues:
$941M (up 20% over Q1 FY98)
•1st quarter net income: $49M
(up 32% over Q1 FY98)
•1st quarter EPS: $.33 per share
(diluted) compared with $.25
per share (diluted) in Q1 FY98
11.17.98
$35M Handset Agreement in Brazil
The largest telecom company in
Brazil agrees to purchase QUALCOMM
CDMA digital handsets. The Company,
TELESP, serves 30 million people.
11.18.98
QUALCOMM: One Of The Fast 500
Deloitte & Touche names QUALCOMM
to its “Fast 500” list for the second
consecutive year. The 500 fastest
growing technology companies in
the U.S. are based on a five-year
percentage growth in revenues.
QUALCOMM revenues grew at a
compound annual rate of 88% from
1993-97.
11.25.98
Q Phone Award
PC Computing magazine awards
Q phone the 1998 Most Valuable
Product award in the Digital Office
Business Tools division for Best
Cell Phone.
12.08.98
Truck Fleet Selects OmniTRACS
Omaha-based Cornhusker Motor
Lines signs a contract to outfit their
entire fleet with OmniTRACS.
WLL Network In Africa
Mauritius Telecom contracts for a
cdmaOne (IS-95) WLL network that
adds 50,000 subscribers to its digital
wireline network. Mauritius has the
highest phone penetration in Africa.
10.08.98
Eudora E-mail by Phone Service
The newest release of QUALCOMM’s
popular e-mail software allows
e-mail access by phone thanks to
text-to-speech technology that con-
verts e-mail into digitized speech.
10.26.98
OmniTRACS Division Renamed
The OmniTRACS Division changes
its name to QUALCOMM Wireless
Business Solutions (QWBS).
OmniTRACS Contract Extended
Prime, one of the top ten U.S. trucking
firms, signs on for five more years
of service.
11.03.98
Record Earnings & Revenues
•4th quarter fiscal 1998 revenues:
$926M (up 54% over Q4 FY97)
•4th quarter net income: $40M
or $.27 per share (diluted)
(up 33% and 29% over Q4 FY97,
respectively)
•FY98 revenues: $3.3B (up 60%
over FY97)
•FY98 EPS: $.73 per share (diluted)
(up 15% over FY97)
•Excluding non-recurring charges,
FY98 EPS: $.94 per share (diluted)
11.10.98
Joint Venture With Microsoft
QUALCOMM and Microsoft form a
new joint venture company named
Wireless Knowledge LLC. The JV
was formed to enable carriers to
offer mobile customers wireless
access to data and applications
over their choice of wireless net-
works and enterprise systems.