Manufacturing Industry
Qualcomm Inc.(earnings for fiscal 1999)
Advanced Materials & Composites News, December, 1999
Qualcomm Inc. (6455 Lusk Blvd., San Diego, CA 92121; Tel: 619/587-1121; Website: qualcomm.com) reported revenues of $3.9 billion and earnings of $420 million, or $2.46 earnings per share for fiscal 1999, excluding nonrecurring charges. Pro Forma net income was $515 million, or $2.99 in earnings per share for fiscal 1999, excluding nonrecurring charges and operating results associated with the company's terrestrial Code Division Multiple Access (CDMA) wireless infrastructure business, which was sold to Ericsson in May 1999.
Net income for the fourth quarter of fiscal 1999 was $170 million, or $.91 in earnings per share, excluding nonrecurring charges. The growing worldwide market for CDMA products drove these results and services based on technology using the...
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