SAN DIEGO, June 7 (PRNewswire)
QUALCOMM Incorporated (Nasdaq: QCOM) today announced that its Board ofDirectors have elected Don Cruickshank and Dr. Paul E. Jacobs to the Board.
"We are very pleased to welcome Don as a new outside member of QUALCOMM'sBoard of Directors," said Dr. Irwin Mark Jacobs, chairman and CEO ofQUALCOMM. "His vast experience, including director general of the UnitedKingdom's Office of Telecommunications and chairman of the London StockExchange plc. ensures that he will be a valuable addition to our board."
Cruickshank's career has included assignments at McKinsey & Co. Inc.,Times Newspapers, Virgin Group plc., Wandsworth Health Authority, NationalHealth Service in Scotland, the United Kingdom's Office of Telecommunications(Oftel) and London Stock Exchange plc. In addition, he served as chairman ofAction 2000, the United Kingdom's millennium bug campaign. Cruickshankgraduated master of arts from the University of Aberdeen in 1963, became amember of the Institute of Chartered Accountants of Scotland in 1967, and isa graduate of Manchester Business School.
Cruickshank's experience at Oftel enabled him to develop a keen grasp oftechnology developments, particularly in network and mobile communications.
He was instrumental in accelerating competition in the U.K. market, inassisting the U.K. and U.S. governments to open up the North Atlanticinternational market, and in prompting the European Union Commission tointroduce competition across Europe. In 2000, Cruickshank was named chairmanof the London Stock Exchange plc. In this role, he was able to successfullytransform a members' club to a fully commercial listed company. In thisperiod the Exchange's contribution to the development of an EU single marketin financial services was significant. Cruickshank is a member of theFinancial Reporting Council for the U.K. The Council has the responsibilityfor oversight of the accounting and actuarial professions in the U.K. as wellas the Combined Code, the U.K. equivalent of Sarbanes Oxley.
Concurrently with the election of Mr. Cruickshank, the Board of Directorsalso elected Dr. Paul Jacobs to the Board in accordance with his previouslyannounced appointment as CEO-elect. Dr. Jacobs has been the primary driver ofQUALCOMM's focus on enabling wireless data. He has held numerous engineeringand management positions since joining the Company fulltime in 1990. Dr.
Jacobs developed many of the technical concepts and business strategy for theBREW(R) and MediaFLO(TM) systems. He was an early proponent of embeddingTCP/IP in CDMA phones and worked with operators and industry partners todevelop technology which allowed CDMA devices to directly connect to theInternet. Dr. Jacobs holds a Ph.D. in electrical engineering from theUniversity of California at Berkeley.
QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing anddelivering innovative digital wireless communications products and servicesbased on the Company's CDMA digital technology. Headquartered in San Diego,Calif., QUALCOMM is included in the S&P 500 Index and is a 2005 FORTUNE500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbolQCOM.
Except for the historical information contained herein, this news releasecontains forward-looking statements that are subject to risks anduncertainties, including the Company's ability to successfully design andhave manufactured significant quantities of CDMA components on a timely andprofitable basis, the extent and speed to which CDMA is deployed, change ineconomic conditions of the various markets the Company serves, as well as theother risks detailed from time to time in the Company's SEC reports,including the report on Form 10-K for the year ended September 26, 2004, andmost recent Form 10-Q.
QUALCOMM and BREW are registered trademarks of QUALCOMM Incorporated. MediaFLO is a trademark of QUALCOMM Incorporated. All other trademarks arethe property of their respective owners.
QUALCOMM Contacts:
Emily Gin Kilpatrick, Corporate Communications
Phone: +1-858-651-4084
Email: corpcomm@qualcomm.com
or
Bill Davidson, Investor Relations
Phone: +1-858-658-4813
Email: ir@qualcomm.com
Web site: http://www.qualcomm.com
Source: QUALCOMM Incorporated
Emily Gin Kilpatrick, Corporate Communications, +1-858-651-4084, corpcomm@qualcomm.com, or Bill Davidson, Investor Relations, +1-858-658-4813, ir@qualcomm.com, both of QUALCOMM Incorporated
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