Around this time, Qualcomm established offices in Europe, Asia Pacific, and Latin America.:316 By 2001, 65 percent of Qualcomm's revenues originated from outside the United States with 35 percent coming from South Korea.:19 In 2005, Paul E. 39 percent of its sales were from CDMA technology, followed by licensing (22%), wireless (22%), and other products (17%). By 2000, Qualcomm had grown to 6,300 employees, $3.2 billion in revenues, and $670 million in profit. Its cell-phone manufacturing business was also spun-off in order to focus on its higher-margin patents business.:310-311 The following year, Qualcomm was the fastest growing stock on the market with a 2,621 percent growth over one year. The acquisition associated a widely used email client with a company that was little-known at the time.In 1998, Qualcomm was restructured, leading to a 700-employee layoff.
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In 1991, Qualcomm acquired Eudora, an email client software for the PC that could be used with the OmniTRACS system. The company had $383 million in annual revenue in 1995 and $814 million by 1996. The second funding round was done to raise money for the mass manufacturing of CDMA-based phones, base-stations, and equipment, after most US-based cellular networks announced they would adopt the CDMA standard. An additional $486 million was raised in 1995 through the sale of 11.5 million more shares. To obtain funding, the company filed an initial public offering in September 1991 raising $68 million. Omnitracs profits helped fund Qualcomm's research and development into code-division multiple access (CDMA) technologies for cell phone networks.Qualcomm was operating at a loss in the 1990s due to its investment in CDMA research. By 1989, Qualcomm had $32 million in revenues, 50 percent of which was from an Omnitracs contract with Schneider National.
Qualcomm grew from eight employees in 1986 to 620 employees in 1991, due to demand for Omnitracs. Qualcomm merged with Omninet in 1988 and raised $3.5 million in funding in order to produce the Omnitracs satellite communications system for trucking companies. The company was named Qualcomm for “QUALity COMMunications.” It started as a contract research and development center largely for government and defense projects. (QTI), operates substantially all of Qualcomm's R&D activities.Contents1 Corporate history2 Finance3 Acquisitions4 Mobile phone standards5 Satellite phone network6 Legal issues6.1 With Apple, Inc.6.2 Others6.3 Role in 3G7 Products7.1 Software7.1.1 Management & Diagnostic tool8 Services8.1 QChat8.1.1 Functionality8.1.2 Sprint agreement9 QuadRooter Security Issues10 See also11 References12 Further reading13 External linksCorporate historyQualcomm was created on Jby seven former Linkabit employees led by Irwin Jacobs. Qualcomm's wholly owned subsidiary, Qualcomm Technologies, Inc. The parent company is Qualcomm Incorporated (Qualcomm), which includes the Qualcomm Technology Licensing Division (QTL). The company headquarters is located in San Diego, California, United States, and has 224 worldwide locations. It derives most of its revenue from chipmaking and the bulk of its profit from patent licensing businesses. Henderson(Chairman)Steven Mollenkopf(CEO)Cristiano Amon(President)ProductsIntellectual propertyRevenue US$22.73 billion (2018)Operating income US$742 million (2018)Net income –US$4.86 billion (2018)Total assets US$32.68 billion (2018)Total equity US$928 million (2018)Number of employees35,400 (2018)Qualcomm Incorporated is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services.
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From Wikipedia, the free encyclopedia Jump to navigation Jump to search Qualcomm IncorporatedQualcomm Research Center and global headquarters in San Diego, California, U.S.TypePublicTraded asNASDAQ: QCOMNASDAQ-100 componentS&P 100 componentS&P 500 componentIndustryTelecommunicationsSemiconductorsFounded1985 34 years ago (1985)San Diego, California, United StatesFounderIrwin JacobsAndrew Viterbi Franklin Antonio Adelia CoffmanAndrew CohenKlein GilhousenHarvey WhiteHeadquartersSan Diego, California, United StatesArea servedWorldwideKey peopleJeffrey W.