Sunday, August 26, 2007

QUALCOMM Announces $1.1 Billion Stock Repurchase

QUALCOMM announced that it has repurchased and retired approximately 29 million shares of common stock during July and August 2007 for approximately $1.1 billion under its $3.0 billion stock repurchase program. Approximately $1.5 billion remains authorized for repurchase in future periods, net of put options outstanding, under the stock repurchase program announced on May 22, 2007.

  • Since fiscal 2003, QUALCOMM has returned approximately $6.3 billion of capital to stockholders, including approximately $2.3 billion in dividends and approximately $4.0 billion through the repurchase of approximately 101 million shares of its common stock.