Monday, May 21, 2007

QUALCOMM Announces $3.0 Billion Stock Repurchase Program

QUALCOMM's Board of Directors approved a new $3.0 billion stock repurchase program to replace its previous $2.5 billion stock repurchase program, which had $865 million of remaining availability.

"We are pleased to expand our stock repurchase program," said Dr. Paul E. Jacobs, CEO of QUALCOMM. "Strong operating cash flows are driving our development of new products and technologies and enabling us to return capital to stockholders through stock repurchases and dividends."