Exhibit 99.1
QUALCOMM Completes Acquisition of Flarion Technologies
SAN DIEGO January 19, 2006 QUALCOMM Incorporated (Nasdaq: QCOM), a leading developer and
innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today
announced that it has completed the acquisition of Flarion Technologies, a pioneer and leading
developer of Orthogonal Frequency Division Multiplex Access (OFDMA) technology and the inventor of
FLASH-OFDM® technology for mobile broadband Internet protocol (IP) services. The acquisition
expands QUALCOMMs already extensive portfolio of OFDMA intellectual property and enhances the
Companys engineering team with expertise in OFDMA technology and products.
QUALCOMM paid approximately $600 million in QUALCOMM stock and cash, including the assumption of
vested options and warrants at fair value. Upon the satisfaction of certain milestones, QUALCOMM
may also pay an additional $205 million in the form of cash and QUALCOMM stock.
As previously announced, on Jan. 13, 2006 the Antitrust Division of the United States Department of
Justice informed QUALCOMM and Flarion that it had terminated its review of the transaction under
the Hart-Scott-Rodino Act (see QUALCOMM announcement, Jan. 16, 2006).
Flarions expert engineering staff provides a significant addition to the resources that we have
dedicated over the years to develop OFDM and OFDMA technologies. Its impressive intellectual
property enhances our substantial OFDMA portfolio, said Dr. Paul E. Jacobs, CEO of QUALCOMM.
While CDMA remains the optimal technology to provide broadband, spectrally efficient, mobile wide
area wireless networks for the foreseeable future, OFDMAs low complexity at wide signal bandwidths
makes it a potential alternative where large blocks of spectrum can be dedicated. This acquisition
greatly enhances QUALCOMMs ability to accelerate the development of both CDMA and OFDMA in support
of its customers and partners.
QUALCOMM expects the acquisition to contribute approximately $0.02 dilution to pro forma earnings
per share primarily R&D expense and an additional $0.01 dilution to total QUALCOMM earnings per
share primarily stock option expense and a one-time in-process R&D charge in its fiscal year
ending September 2006.
Flarion has a world-class team and an expansive portfolio of OFDMA intellectual property. The
combination of Flarion and QUALCOMMs engineering resources strengthens QUALCOMMs position as a
leader in advanced wireless technology development and enhances QUALCOMMs ability to design and
license OFDMA systems, components and products for operators interested in OFDMA for certain
present and future networks. The majority of Flarions employees, including its strong engineering
base, will be employed by QUALCOMM.
QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative
digital wireless communications products and services based on CDMA and other advanced
technologies. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is
a 2005 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking
statements that are subject to risks and uncertainties, including QUALCOMMs ability to
successfully develop and deploy products based on OFDMA technology, whether additional patents will
issue based on Flarions technology, as well as the other risks detailed from time to time in the
Companys SEC reports, including the report on Form 10-K for the year ended September 25, 2005, and
most recent Form 10-Q.
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QUALCOMM is a registered trademark of QUALCOMM Incorporated. All other trademarks are the property
of their respective owners.
QUALCOMM Contacts:
Jeremy James, Corporate Communications
Phone: 1-858-651-1641
Email: corpcomm@qualcomm.com
Bill Davidson, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com