UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ______)* NETZERO, INC. ------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.001 PER SHARE ------------------------------------------------------- (Title of Class of Securities) 64122R 10 9 ------------------------------------------------------- (CUSIP Number) APRIL 21, 2000 ------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 4 Pages - ----------------------- ----------------- CUSIP NO. 64122R 10 9 13G PAGE 2 OF 4 PAGES - ----------------------- ----------------- - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSON(S) (ENTITIES ONLY) QUALCOMM INCORPORATED 95-3685934 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 11,499,627 -------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH -------------------------------------------------- 7 SOLE DISPOSITIVE POWER REPORTING 11,499,627 PERSON -------------------------------------------------- 8 SHARED DISPOSITIVE POWER WITH: 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,499,627 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- Page 2 of 4 Pages - ----------------------- ----------------- CUSIP NO. 64122R 10 9 13G PAGE 3 OF 4 PAGES - ----------------------- ----------------- ITEM 1 (A) NAME OF ISSUER: NETZERO, INC. ITEM 1 (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2555 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361 ITEM 2 (A) NAME OF PERSON FILING: QUALCOMM INCORPORATION ITEM 2 (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 2555 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361 ITEM 2 (C) CITIZENSHIP: UNITED STATES ITEM 2 (D) TITLE OF CLASS OF SECURITIES: COMMON STOCK, PAR VALUE $0.001 PER SHARE ITEM 2 (E) CUSIP NUMBER 64122R 10 9 ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: NOT APPLICABLE ITEM 4 OWNERSHIP. (a) Amount Beneficially Owned: Shares 11,499,627 (b) Percent of Class: 9.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 11,499,627 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 11,499,627 (iv) shared power to dispose or to direct the disposition of: 0
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. NOT APPLICABLE ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. NOT APPLICABLE ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. NOT APPLICABLE ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. NOT APPLICABLE ITEM 9 NOTICE OF DISSOLUTION OF GROUP. NOT APPLICABLE ITEM 10 CERTIFICATION. NOT APPLICABLE Page 3 of 4 Pages - ----------------------- ----------------- CUSIP NO. 64122R 10 9 13G PAGE 4 OF 4 PAGES - ----------------------- ----------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. April 28, 2000 ----------------------------------------- Date /s/ STEVE ALTMAN ----------------------------------------- Signature Steve Altman ----------------------------------------- Name Executive Vice President, General Counsel ----------------------------------------- Title Page 4 of 4 Pages