Qualcomm 2006 Annual Report Download - page 48

34 qualcomm 2006
Financial, Market and Other Stockholder Information
In this document, the words “we,” “our,” “ours” and “us” refer only
to QUALCOMM Incorporated and not any other person or entity.
Financial inFormation
The following is certain nancial information of the Company that
was originally led with the Securities and Exchange Commission
(SEC) on November 2, 2006 as part of the Company’s Annual
Report on Form 10-K for the scal year ended September 24,
2006. The Company has not undertaken any updates or revision to
such information since the date it was originally led with the SEC.
Accordingly, you are encouraged to review such nancial information
together with subsequent information led by the Company with
the SEC, if any, and other publicly available information.
We operate and report using a 52-53 week scal year ending the
last Sunday in September. Our 52-week scal years consist of four
equal quarters of 13 weeks each, and our 53-week scal years
consist of three 13-week scal quarters and one 14-week scal
quarter. The nancial results for our 53-week scal years and our
14-week scal quarters will not be exactly comparable to our
52-week scal years and our 13-week scal quarters. Each of the
scal years ended September 24, 2006, September 25, 2005 and
September 26, 2004 include 52 weeks.
market For registrant’s common equity, related
stockholder matters and issuer Purchases oF
equity securities
On July 13, 2004, we announced a two-for-one stock split in the
form of a stock dividend. Stock was distributed on August 13, 2004
to stockholders of record as of July 23, 2004. All references in this
Annual Report to number of shares and per share amounts reect
the stock split.
Market Information
Our common stock is traded on the NASDAQ Stock Market under
the symbol “QCOM.” The following table sets forth the range of high
and low sales prices on the NASDAQ Stock Market of the common
stock for the periods indicated, as reported by NASDAQ. Such
quotations represent inter-dealer prices without retail markup,
markdown or commission and may not necessarily represent
actual transactions.
High ($) Low ($)
Fiscal 2005
First quarter 44.99 37.71
Second quarter 44.91 33.99
Third quarter 38.52 32.08
Fourth quarter 44.92 32.98
Fiscal 2006
First quarter 46.60 39.02
Second quarter 51.18 42.91
Third quarter 53.01 38.77
Fourth quarter 40.92 32.76
As of October 31, 2006, there were 10,549 holders of record of our
common stock. On October 31, 2006, the last sale price reported
on the NASDAQ Stock Market for our common stock was $36.39
per share.
Dividends
On March 8, 2005, we announced an increase in our quarterly
dividend from $0.07 to $0.09 per share on our common stock.
On March 7, 2006, we announced an increase in our quarterly
dividend from $0.09 to $0.12 per share on our common stock.
Cash dividends announced in scal 2005 and 2006 were as follows
(in millions, except per share data):
Cumulative
by Fiscal
Per Share Total Year
Fiscal 2005
First quarter $0.07 $115 $115
Second quarter 0.07 115 230
Third quarter 0.09 147 377
Fourth quarter 0.09 147 524
Total $0.32 $524
Fiscal 2006
First quarter $0.09 $148 $148
Second quarter 0.09 150 298
Third quarter 0.12 202 500
Fourth quarter 0.12 198 698
Total $0.42 $698
On October 5, 2006, we announced a cash dividend of $0.12 per
share on our common stock, payable on January 4, 2007 to stock-
holders of record as of December 7, 2006. We intend to continue
to pay quarterly dividends subject to capital availability and peri-
odic determinations that cash dividends are in the best interests
of our stockholders. Future dividends may be affected by, among
other items, our views on potential future capital requirements,
including those relating to research and development, creation
and expansion of sales distribution channels and investments and
acquisitions, legal risks, stock repurchase programs, changes in
federal income tax law and changes to our business model.
Stock Options
Our stock option plans are part of a broad-based, long-term retention
program that is intended to attract and retain talented employees
and directors and align stockholder and employee interests.
Pursuant to our 2006 Long-Term Incentive Plan (2006 Plan), we
grant options to selected employees, directors and consultants to
purchase shares of our common stock at a price not less than the
fair market value of the stock at the date of grant. The 2006 Plan
provides for the grant of both incentive and non-qualied stock
options as well as stock appreciation rights, restricted stock,
restricted stock units, performance units and shares and other
stock-based awards. Generally, options outstanding vest over ve
years and are exercisable for up to 10 years from the grant date.
The Board of Directors may terminate the 2006 Plan at any time.
Additional information regarding our stock option plans and plan
activity for scal 2006, 2005 and 2004 is provided in the notes
to our consolidated nancial statements in this Annual Report in
“Notes to Consolidated Financial Statements, Note 8—Employee
Benet Plans” and in our 2007 Proxy Statement under the heading
“Equity Compensation Plan Information.”