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Qualcomm Updates Outlook for Chip Demand
Posted: 20-Sep-2002 [Source: Qualcomm press releasee]

[Qualcomm expects to ship 20 milliom MSM phone chips during the fourth quarter of 2002 including 15 million 3G CDMA2000 1X MSM phone chips.]

San Diego, Calif. -- Qualcomm, pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today 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( 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 phone chips 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( chip, with advanced features and applications enabled by our Wireless Internet Launchpad(tm), BREW(tm) applications development platform and gpsOne(tm) position location technology."

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