Wednesday, February 25, 2009

Beacon Equity Research Featured Company: Qualcomm Inc. (QCOM)

Qualcomm Inc. is a wireless telecommunications research and development company focused on designing, manufacturing and marketing digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. The company licenses and receives royalty payments on its CDMA technology from more than 155 major domestic and international telecommunications equipment manufacturers and suppliers worldwide.

Qualcomm’s operations can be divided in four segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Wireless & Internet (QWI), and Qualcomm Strategic Initiatives (QSI). QCT is a developer and supplier of CDMA-based integrated circuits and system software for wireless voice and data communications, multimedia functions and global positioning system products. QTL grants licenses to use portions of its intellectual property portfolio. The QWI segment sells equipment, software and provides services to wireless operators in delivering multimedia content. QSI manages its strategic investment activities to promote the worldwide adoption of CDMA-based products and services.

The company’s products are sold through direct sales force, partnerships and distributors in the United States, Europe, the Middle East, Argentina, Brazil, Canada, China, Japan, South Korea, Mexico and other countries. Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500® company. Founded in 1985, Qualcomm has been recognized as one of the Best Companies to Work For by Fortune magazine for 10 years in a row.

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