[IMAGE]	 	[IMAGE]	[IMAGE]	


             [IMAGE] [IMAGE]   [IMAGE] [IMAGE] Upgrades  [IMAGE] DownGrades  [IMAGE] Coverage Initiated  [IMAGE] Stock Splits  [IMAGE] Buybacks  [IMAGE] Pos Pre-Announce  [IMAGE] Neg Pre-Announce     [IMAGE]   [IMAGE]   [IMAGE]  [IMAGE]  [IMAGE] Unsubscribe  [IMAGE] Update my Membership / Profile  [IMAGE] Forgot Username / Password  [IMAGE] Add / Edit Alerts  [IMAGE] View My Alerts   [IMAGE] [IMAGE] [IMAGE] [IMAGE]   [IMAGE]  [IMAGE]    [IMAGE] [IMAGE] [IMAGE] 	  As requested, your News Alert for QCOM  follows from EquityAlert.com.     QUALCOMM Announces New Financial Segment Reporting   SAN DIEGO, Jan 17, 2002 (BUSINESS WIRE) -- QUALCOMM Incorporated (Nasdaq: QCOM), today provided access to historical data in its new financial segment reporting format. The new reporting includes two new segments, called QUALCOMM Wireless & Internet and QUALCOMM Strategic Initiatives, which were created as a result of certain changes in the Company's businesses and managerial reporting as announced in July 2001. Effective in the first quarter of fiscal 2002, the Company's complete financial segment reporting includes:   --  QUALCOMM CDMA Technologies (QCT) -- develops and supplies         industry-leading CDMA chipset and system software solutions         used in network infrastructure equipment, phones and other         wireless devices. QCT integrates industry-leading capabilities         into its chipsets; including radioOne(TM) direct conversion         technology and gpsOne(TM) wireless position location         technology facilitated by SnapTrack(TM), a wholly owned         subsidiary of QUALCOMM.     --  QUALCOMM Technology Licensing (QTL) -- licenses the Company's         essential CDMA patent portfolio to telecom equipment and         consumer electronics manufacturers worldwide. To date,         QUALCOMM has licensed over 100 companies to use its portfolio         of over 1,900 U.S. patents and patent applications applicable         to CDMA and other technologies.     --  QUALCOMM Wireless & Internet (QWI) -- comprised of the         following businesses:         --  QUALCOMM Internet Services (QIS) -- formed to accelerate             the development of applications for the wireless Internet,             building on QUALCOMM's Binary Runtime Environment for             Wireless(TM) (BREW(TM)) applications platform. The BREW             platform enables hardware manufacturers and software             developers to quickly create new products and             applications, and allows users to download and run those             applications on their wireless devices.         --  QUALCOMM Digital Media (QDM) -- develops technologies to             support the processing, transmission and management of             content for a variety of media applications, including the             delivery of digitized motion pictures (Digital Cinema) and             highly secure, wireless products for the U.S. government.         --  QUALCOMM Wireless Business Solutions (QWBS) -- develops             and provides satellite and terrestrial-based fleet             management solutions to over 400,000 vehicles in 32             countries. The QWBS Network Management Center processes             more than seven million transactions per day, making it             one of the largest wireless data networks in the world.     --  QUALCOMM Strategic Initiatives (QSI) -- formed to consolidate         and manage the Company's strategic investment activities.         QUALCOMM invests in wireless carriers and manufacturers to         promote the worldwide adoption of CDMA products and services         for wireless voice and Internet data applications. Generally,         the Company will exit these investments at the earliest         possible time, provided the individual circumstances of a         particular investment permit an orderly exit without         undermining QUALCOMM's original strategic purpose. Earnings or         losses from the QSI segment come from interest income,         increases or decreases in the value of investments (both         realized and unrealized) and QUALCOMM's share of income or         losses from consolidated subsidiaries and investments         accounted under the equity method of accounting. From         time-to-time other income may result from strategic activities         such as the sale of an FCC bidding credit in the fourth fiscal         quarter of 2001.  QUALCOMM is providing new information on the QSI segment to aid investors' understanding of the investments that the Company has made and the income or losses generated from those investments. QUALCOMM will separate the financial performance of QSI from its core operating businesses because many of these investments are in development-stage companies incurring planned accounting losses that are consolidated into QUALCOMM's reported earnings. The Company believes that the new financial segment reporting will allow investors to more accurately value the different elements of QUALCOMM's activities. Under the new financial segment reporting, net earnings of $0.10 per share for fiscal 2001 and $0.09 per share for fiscal 2000 have been moved from core operations into the QSI segment.   Historical information, including revenues and earnings before taxes by segment, is presented on QUALCOMM's Investor Relations web site at www.qualcomm.com. QUALCOMM will report the results of its first fiscal quarter of 2002 using this new reporting format on January 24, 2002.   QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include CDMA chipsets and system software; technology licensing; wireless fleet management systems, OmniTRACS(R), TruckMAIL(TM), OmniExpress(R), LINQ(TM); BREW(TM) applications platform; and satellite-based systems including portions of the Globalstar(TM) system. QUALCOMM owns patents that are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 100 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S?500 Index and is a 2001 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.   Except for the historical information contained herein, the preceding discussion contains forward-looking statements that involve risks and uncertainties. QUALCOMM's future results could differ materially from those discussed here. Factors that could cause or contribute to such differences include, but are not specifically limited to: potential declines in the rate of growth in the Code Division Multiple Access (CDMA) subscriber base; risks associated with the scale-up, acceptance, and operations of CDMA systems; risks associated with strategic opportunities or acquisitions, divestitures, and investments the Company may pursue, including investments in new ventures and operators; risks related to the ability to sustain or improve operational efficiency and profitability; the development, deployment and commercial acceptance of evolving CDMA technology standards; developments in current or future litigation; the ability to develop and introduce cost-effective new products in a timely manner, the Company's ability to effectively manage growth; the intense competition in the wireless communications industry, as well as the other risks detailed in the Company's report of Form 10-K. The Company's consolidated financial data includes SnapTrack, Inc. and other consolidated subsidiaries of the Company.   QUALCOMM, OmniTRACS and OmniExpress are registered trademarks of QUALCOMM Incorporated. radioOne, gpsOne, SnapTrack, BREW, TruckMAIL and LINQ are trademarks of QUALCOMM Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. All other trademarks are the property of their respective owners.   CONTACT:          QUALCOMM Incorporated                    Investor Relations Contacts:                   Julie Cunningham, Institutional Investors & Media                    858/658-4224, Fax: 858/651-9303                     juliec@qualcomm.com                   or                   Nancy Linke, Equity Analysts                    858/658-4086, Fax: 858/651-9303                     nlinke@qualcomm.com                   or                   Julie McClure, Individual and Retail Investors                   858/658-4854, Fax: 858/651-9303                     jmcclure@qualcomm.com URL:              http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.  Copyright (C) 2002 Business Wire.  All rights reserved.  -0-   KEYWORD:          CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS                   HARDWARE                   INTERNET                   SOFTWARE                   TELECOMMUNICATIONS                   SOURCE:                   QUALCOMM                   Incorporated    [IMAGE]    ***IMPORTANT NOTICE AND DISCLAIMER REGARDING THIS COURTESY EMAIL***  At your request, as a subscriber to our service, this email alert is being sent to you as a courtesy and is for information purposes only. We are a financial news re-distributor. We are not an investment advisory and do not purport to tell or suggest which companies you should monitor or which securities you should purchase or sell.   In addition, not withstanding our policy of prohibiting employees from buying or selling securities of an advertising company for a period of 20 days following dissemination of the advertisement, we may not be able to effectively monitor our employees to ensure compliance with the same. Consequently, there may be sales and/or purchases of such securities by our employees prior to, during and immediately following the dissemination of the advertisement.   Please note that (1) this email may not contain the full text of the press release issued by, or the research or other reports regarding, the Monitored Company; and (2) the text of the advertisement, the press release and/or reports were obtained from third party sources and were not written, generated or edited by us; accordingly, we make no representations or give any assurance as to the accuracy or completeness, nor have we conducted any independent investigations of, the disclosures regarding the subject matter of such releases and reports.   Please note that links to the advertising company and/or Monitored Company are provided for your convenience. We assume no obligation for the content of such sites.   All information contained herein should be independently verified by you with the advertising company or with Monitored Company or any other sources you prefer.   [THIS IS ONLY A SUMMARY OF, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO, THE "EQUITYALERT SUBSCRIBER AGREEMENT AND DISCLAIMER." PLEASE VISIT http://www.equityalert.com/home/disclaim.asp  FOR ACCESS TO OUR COMPLETE DISCLAIMER]        	  [IMAGE] [IMAGE] [IMAGE] [IMAGE]   [IMAGE] [IMAGE] [IMAGE]  [IMAGE] [IMAGE] [IMAGE] Stock  Quote [IMAGE]   [IMAGE] Stock  Chart [IMAGE]   [IMAGE] Covered  Calls  [IMAGE]   [IMAGE] Company  Profile [IMAGE]   [IMAGE] [IMAGE]  [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]   [IMAGE] [IMAGE] [IMAGE] Option  Details  [IMAGE]   [IMAGE] Black  - Scholes [IMAGE]     [IMAGE]  Power Option PLUS Logo    [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]