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QUALCOMM FILES PUBLIC OFFERING FOR 2.5 MILLION SHARES OF COMMON STOCK

 SAN DIEGO, May 14 /PRNewswire/ -- QUALCOMM Inc. (NASDAQ: QCOM) today announced it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering by the company of 2.5 million shares of common stock.
 The underwriters for the offering are Lehman Brothers; Bear, Stearns & Co. Inc.; Alex. Brown & Sons Inc.; and Goldman, Sachs & Co. The underwriters have the option to purchase an additional 375,000 shares to cover over-allotments. After the offering, QUALCOMM will have approximately 24.2 million shares outstanding, exclusive of any shares that may be sold to cover over-allotments.
 Proceeds of the offering will be used for working capital, product development, increasing manufacturing capacity, expansion of international operations, facilities expansion, formation of strategic alliances and general corporate purposes.
 Copies of the preliminary prospectus relating to the offering may be obtained from Shearson Lehman Brothers Inc., American Express Tower, World Financial Center, 200 Vesey St., New York, NY 10285; Bear, Stearns & Co., 245 Park Ave., New York, NY 10167; Alex. Brown & Sons Inc., 135 E. Baltimore St., Baltimore, MD 21202; and Goldman, Sachs & Co., 85 Broad St., New York, NY 10004.
 QUALCOMM Inc. develops, manufactures, markets, licenses and operates advanced communications systems and products based on digital wireless technology. QUALCOMM's products include the OmniTRACS(R) system and digital wireless telephone systems and products based on Code Division Multiple Access (CDMA) technology. The company also develops and markets a range of VLSI devices.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 5/14/93
 /CONTACT: Adelia A. Coffman of QUALCOMM, 619-597-5146; or Clarence Swearngan, Jr., of the McQuerter Group, 619-450-0030, for QUALCOMM/
 (QCOM)


CO: QUALCOMM Inc. ST: California IN: CPR SU: OFR

JL-MS -- SD009 -- 8714 05/14/93 15:01 EDT
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Publication:PR Newswire
Date:May 14, 1993
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