Qualcomm Inc (QCOM)

[Jim Mullens]

biz. Re: MediaFLO and Iridigm screen technology.

We’ve seen some exciting PRs and news on these two leading edge R&D efforts from the Q, which DR points out are not too far in the future. The Q has / is expending considerable R&D on both these efforts, and even brought RICHARD SULPIZIO out of retirement to lead the MediaFLO operation.

Typically, most on Wall Street have overlooked these two “potential” revenue enhancing growth engines, preferring only to look at the immediate bottom line impact- reduced EPS for FY05.

Hopefully these two exciting initiatives will be discussed in greater detail in the Q’s Spring “analyst” Meeting next week (5 hours) .