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QUALCOMM REPORTS 20 PERCENT REVENUE INCREASE FOR FIRST QUARTER, FISCAL 1993

 SAN DIEGO, Jan. 18 /PRNewswire/ -- QUALCOMM Inc. (NASDAQ-NMS: QCOM) today reported revenues for the first quarter ended Dec. 27, 1992, of $30.0 million, an increase of $4.9 million, or 20 percent from the same quarter last year.
 The growth in revenue is primarily because of an increase of 37 percent in OmniTRACS(R) unit sales from 3,551 units in the first quarter of fiscal 1992 to 4,865 units in the first quarter of fiscal 1993. "We are delighted to see OmniTRACS continue its growth," said Harvey White, president of QUALCOMM. "In face, our first and largest customer, Schneider National Inc., recently signed a four-year extension to its original four-year contract, demonstrating the continuing long-term utility and benefit of the OmniTRACS system." The company has shipped more than 38,000 OmniTRACS terminals since the system's introduction in late 1988.
 Net loss for the first quarter of fiscal 1993 was $1.6 million, or $.08 per share, compared to a loss of $1.7 million, or $.10 per share, in the first quarter of fiscal 1992. Although OmniTRACS operations achieved its sixth consecutive quarter of profitability, the growth in earnings from increased OmniTRACS unit sales continued to be offset by lower Code Division Multiple Access (CDMA) license and development fees and increased research and development costs. As anticipated, the company has not received significant CDMA license fees as the company's CDMA technology has proceeded through industry standardization. The company currently expects adoption of the CDMA standard by the spring of 1993.
 PacTel Corp. recently announced an agreement to purchase more than 30,000 dual-mode CDMA portable cellular phones from OKI telecom, one of the company's licensed CDMA equipment manufacturers. The agreement calls for prototypes of the CDMA handportable to be completed by mid-1993, with full production and deployment in early 1994. "We are pleased that PacTel Corp. has selected our CDMA technology and believe this will lead to a full range of high quality wireless services for PacTel's customers," commented Irwin M. Jacobs, QUALCOMM chairman and chief executive officer. PacTel Corp. has now become the second major U.S. cellular carrier to announced its decision to deploy CDMA cellular equipment, following an earlier announcement by US West NewVector in September 1992. The company expects that other major carriers are considering similar action. Jacobs added, "With the progress on a CDMA standard, deployment of PCS test systems, and CDMA equipment orders for use in U.S. cellular systems, the commercialization of QUALCOMM's CDMA is continuing to gain wide support both domestically and internationally."
 In other CDMA developments in the first quarter, QUALCOMM signed a contract valued at $970,000 with Telecom Australia to provide CDMA digital cellular telephone equipment for testing Personal Communications Services (PCS) in Australia. Also, QUALCOMM and Telesis Technologies Laboratory, a subsidiary of Pacific Telesis, announced the joint testing of a PCS system in San Diego using QUALCOMM's CDMA digital transmission technology. These announcements continue the advancement of CDMA technology in PCS applications in the United States and abroad.
 The number of OmniTRACS customers continued to grow in the first quarter. In addition to the extension of the Schneider contract, the company also signed new OmniTRACS contracts with eight major truck carriers which have combined fleets of approximately 3,000 vehicles. These new contracts are valued at more than $7 million and bring to more than 200 the number of customers now using QUALCOMM's OmniTRACS system.
 Also in the first quarter, QUALCOMM announced a major subcontract with Interstate Electronic Corp. to supply Data Link Systems for use on Department of Defense test and training ranges. The two-year production subcontract is valued at approximately $17 million and follows a previous five-year research and development effort.
 QUALCOMM develops, manufactures, markets, licenses and operates advanced communications systems and products based on digital wireless technology. QUALCOMM's principal product is the OmniTRACS system, a satellite-based, two-way mobile communications and tracking system that provides data transmission and position reporting services for transportation companies and other mobile users in North America and Europe. QUALCOMM is developing, manufacturing and licensing Code Division Multiple Access (CDMA) technology for use in digital wireless telephone systems and products. The company also provides secure communications equipment and a range of VLSI devices for use in commercial and government applications. In addition, the company has formed a joint venture, Globalstar, to launch and operate a system of low earth orbit (LEO) satellites for worldwide communications.
 QUALCOMM INC.
 Financial Highlights
 (Unaudited)
 First Quarter Ended
 Dec. 27, 1992 Dec. 29, 1991
 Revenue $30,018,000 $25,107,000
 Loss before income taxes ($1,595,000) ($1,542,000)
 Net loss ($1,617,000) ($1,665,000)
 Net loss per common share(a) ($0.08) ($0.10)
 Shares used in per share
 calculation 20,953,394 16,485,087
 (a) Reflects conversion of preferred shares into common shares.
 -0- 1/18/92
 /CONTACT: Adelia A. Coffman of QUALCOMM, 619-597-5146; or Chip Swearngan of McQuerter Group, 619-450-0030, for QUALCOMM/
 (QCOM)


CO: QUALCOMM Inc. ST: California IN: TLS SU: ERN

LS-KJ -- SD002 -- 5783 01/18/93 09:31 EST
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