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QUALCOMM REPORTS 20 PERCENT INCREASE IN REVENUE FOR FISCAL 1992

 QUALCOMM REPORTS 20 PERCENT INCREASE IN REVENUE FOR FISCAL 1992
 SAN DIEGO, Nov. 9 /PRNewswire/ -- QUALCOMM Inc. (NASDAQ-NMS: QCOM) today reported revenues for the fourth quarter and 12 months ended Sept. 27, 1992, of $29.0 million and $107.5 million, an increase of 20 percent from the 12 months of fiscal 1991.
 The growth in revenue is primarily because of an increase of nearly 68 percent in OmniTRACS(R) unit shipments from 8,831 units in the 12 months of fiscal 1991 to 14,879 units in the 12 months of fiscal 1992. "As the installed base of OmniTRACS units in North America continues to grow, we are beginning to realize significant revenue from messaging services and sales of complementary software products," said QUALCOMM President Harvey White. Since its introduction in late 1988, the company has shipped more than 33,000 OmniTRACS terminals.
 Net loss for the fourth quarter and 12 months of fiscal 1992 was $0.6 million, or $.03 per share, and $4.1 million, or $.21 per share, compared to a loss of $6.7 million, or $.42 per share, and $8.4 million, or $.53 per share, for the fourth quarter and 12 months of fiscal 1991. The decrease in net loss was due in part to profitable operations in communications systems during all four quarters in 1992. Communications systems profitability, which was driven in large part by higher OmniTRACS unit sales, was offset by continuing research and development costs associated with the commercialization of the company's Code Division Multiple Access (CDMA) technology for cellular and personal communication services (PCS). The company received lower CDMA license fees in fiscal 1992 than fiscal 1991 and believes this trend may continue through the completion of the standardization process.
 The development of CDMA standards through the Telecommunications Industry Association (TIA) process is moving along very well. Broad technical parameters have been adopted consistent with QUALCOMM's Common Air Interface.
 U S West New Vector Group recently announced a purchase order for commercial CDMA cellular equipment. The order was placed with Motorola Nortel Communications and anticipates the deployment of a digital CDMA system in the Seattle area beginning in late 1993. Both Motorola and Nortel are licensees of the company's CDMA technology. "We are extremely pleased that our CDMA technology has been selected by U S West New Vector," commented Irwin M. Jacobs, QUALCOMM chairman and chief executive officer. "This decision is a major step towards commercialization of CDMA. We are very excited by the prospect of having a CDMA system in use by cellular customers by the end of 1993." Jacobs added, "We believe that other major carriers will now consider similar actions."
 In other CDMA developments in the fourth quarter, QUALCOMM announced that Local Area Telecommunications Inc. (LOCATE) awarded QUALCOMM a contract to supply CDMA technology and equipment for testing in-building PCS applications at the Manhattan offices of the Wall Street brokerage firm of Bear Stearns & Co. Inc. In addition, QUALCOMM successfully completed the design, manufacture and delivery of CDMA equipment for American Personal Communications (APC) for evaluating PCS applications in the Baltimore/Washington D.C. area. Both of these contracts represent further advances of CDMA technology in PCS applications.
 QUALCOMM Inc. 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)
 Fourth Quarter Ended
 Sept. 27, 1992 Sept. 29, 1991
 Revenue $29,033,000 $28,992,000
 Profit (loss) before equity
 in losses of joint ventures $652,000 ($6,677,000)
 Equity in losses of
 joint ventures ($1,261,000) ---
 Net loss ($609,000) ($6,677,000)
 Net loss per common share(a) ($0.03) ($0.42)
 Shares used in per share
 calculation 20,734,000 15,748,000
 12 Months Ended
 Sept. 27, 1992 Sept. 29, 1991
 Revenue $107,521,000 $89,912,000
 Profit (loss) before equity
 in losses of joint ventures ($2,863,000) ($8,365,000)
 Equity in losses of
 joint ventures ($1,261,000) ---
 Net loss ($4,124,000) ($8,365,000)
 Net loss per common share(a) ($0.21) ($0.53)
 Shares used in per share
 calculation 19,529,000 15,672,000
 (a) Reflects conversion of preferred shares into common shares.
 -0- 11/9/92
 /NOTE: OmniTRACS is a registered trademark of QUALCOMM Inc./
 /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: TLS SU: ERN


KJ-JL -- SD003 -- 8547 11/09/92 09:18 EST
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