Qualcomm 2004 Annual Report Download - page 38

QUALCOMM 34
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 Securities and Exchange Commission (SEC) on
November 3, 2004 as part of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2004. The Company has
not undertaken any updates or revision to such information since the date it was originally 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 avail-
able information.
We operate and report using a 52-53 week fiscal year ending the last Sunday in September. Our 52-week fiscal years consist of four equal
quarters of 13 weeks each, and our 53-week fiscal years consist of three 13-week fiscal quarters and one 14-week fiscal quarter. The financial
results for our 53-week fiscal years and our 14-week fiscal quarters will not be exactly comparable to our 52-week fiscal years and our 13-week
fiscal quarters. Each of the fiscal years ended September 30, 2004, 2003, and 2002 include 52 weeks. For presentation purposes, all fiscal
periods presented or discussed in this report have been presented as ending on September 30. For example, our 2004 fiscal year ended on
September 26, 2004, but we present our 2004 fiscal year as ending on September 30, 2004.
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 stock-
holders of record as of July 23, 2004. All references in this Report to number of shares and per share amounts reflect the stock split.
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, markdown or commission and may not necessarily represent actual transactions.
High ($) Low ($)
Fiscal 2003
First quarter 21.45 13.67
Second quarter 19.98 16.32
Thirdquarter 19.09 14.79
Fourth quarter 23.03 17.17
Fiscal 2004
First quarter 26.82 20.50
Second quarter 32.64 26.40
Third quarter 35.03 30.90
Fourth quarter 41.17 33.66
As of November 1, 2004, there were 10,519 holders of record of our common stock. On November 1, 2004, the last sale price reported on the
NASDAQ National Market for our common stock was $40.56 per share.
Dividends
On February 11, 2003, we announced our first common stock dividend of $0.025 per share. On July 16, 2003, we announced an increase in
our quarterly dividend from $0.025 to $0.035 per share on our common stock. On March 2, 2004, we announced an increase in our quarterly
dividend from $0.035 to $0.050 per shareon our common stock. On July 13, 2004, we announced an increase in our quarterly dividend from
$0.050 to $0.070 per shareon our common stock. Cash dividends announced in fiscal 2003 and 2004 wereas follows (in millions, except
per share data):
Per Share Total Cumulative
Fiscal 2003
First quarter $ — $— $—
Second quarter 0.025 39 39
Thirdquarter 0.025 40 79
Fourth quarter 0.035 56 $135
Total $0.085 $135