Qualcomm Forecast 15 Million 3G CDMA2000 Chips

QUALCOMM Incorporated updated its outlook for strong chip demand in the fourth fiscal quarter (ending September 29, 2002). The Company expects to ship approximately 20 million MSM(TM) phone chips during the fourth quarter of fiscal 2002, including approximately 15 million third-generation (3G) CDMA2000 1X MSM phone chips.

Also, based on orders received, the Company expects shipments of MSM phonechips to be significantly higher than 20 million in the first quarter of fiscal 2003 (ending December 29, 2002).

"We're seeing strong order input from our customers with particular
strength in demand for 3G CDMA2000 1X chips, as well as increasing demand for
chips destined for the growing China market," said Dr. Irwin M. Jacobs,
chairman and CEO of QUALCOMM. "We look forward to the continued introduction
of exciting new CDMA2000 1X color screen phones, based on our MSM5100(TM)
chip, with advanced features and applications enabled by our Wireless Internet
Launchpad(TM), BREW(TM) applications development platform and gpsOne(TM)
position location technology."