Qualcomm 2002 Annual Report Download - page 40

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 financial information of the Company that was originally
filed with the SEC on November 26, 2002 as part of the Company’s Annual Report on
Form 10-K for the fiscal year ended September 30, 2002. The Company has not
undertaken any updates or revisions to such information since the date it was origi-
nally filed with the SEC. Accordingly, you are encouraged to review such financial
information together with subsequent information filed by the Company with the SEC,
if any, and other publicly available information.
MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS
Market Information. Our Common Stock is traded on the Nasdaq National Market
under the symbol “QCOM.” The following table sets forth the range of high and low sales
prices on the National Market of the Common Stock for the periods indicated, as reported
by Nasdaq. Such quotations represent inter-dealer prices without retail markup, mark-
down or commission and may not necessarily represent actual transactions.
High ($) Low ($)
Fiscal 2001
First Quarter 107.81 61.00
Second Quarter 89.38 47.25
Third Quarter 71.04 42.75
Fourth Quarter 68.87 42.60
Fiscal 2002
First Quarter 62.49 38.31
Second Quarter 53.34 31.03
Third Quarter 40.35 24.49
Fourth Quarter 31.39 23.21
As of November 20, 2002, there were 10,142 holders of record of our Common
Stock. On November 20, 2002, the last sale price reported on the Nasdaq National
Market for our Common Stock was $39.15 per share. We have never paid cash divi-
dends on our Common Stock and have no present intention to do so.
Securities Authorized for Issuance Under Equity Compensation Plans.
Information about QUALCOMM equity compensation plans at September 30, 2002
was as follows (number of shares in thousands):
Number of Weighted Number of
Shares to be Average Shares
Issued Upon Exercise Remaining
Exercise of Price of Available for
Outstanding Outstanding Future
Plan Category Options Options Issuance
Equity compensation plans
approved by shareholders(a) 116,830 $29.56 35,710(c)
Equity compensation plans
not approved by shareholders(b) 444 1.94 78(d)
Total 117,274 $29.45 35,788
(a) Consists of six QUALCOMM plans: 1991 Stock Option Plan, 2001 Stock Option Plan, 1998 Non-
Employee Directors’ Stock Option Plan, 2001 Non-Employee Directors’ Stock Option Plan, 2001
Employee Stock Purchase Plan, and the Executive Retirement Matching Contribution Plan.
(b) Consists of two plans: QUALCOMM 1996 Non-Qualified Employee Stock Purchase Plan and
the SnapTrack, Inc. 1995 Stock Option Plan. See “Notes to Consolidated Financial Statements,
Note 10 — Employee Benefit Plans.”
(c) Includes 11,012 shares reserved for issuance under the 2001 Employee Stock Purchase Plan.
(d) All shares remaining available for future issuance are related to the 1996 Non-Qualified Employee
Stock Purchase Plan.
Information about employee and executive stock option grants at September 30
was as follows:
2002 2001 2000
Net grants during the period as
% of outstanding shares 3.4% 2.0% 1.3%
Grants to named executive officers*
as % of total options granted 6.0% 9.6% 10.7%
Grants to named executive officers*
as % of outstanding shares 0.2% 0.2% 0.1%
Cumulative options held by named
executive officers* as % of total
options outstanding 11.9% 14.0% 13.0%
* Named executive officers are defined by the SEC for inclusion in the Proxy Statement as the
Chief Executive Officer and each of the four other most highly compensated executive officers.