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January 25, 2002
Qualcomm Inc. posted first quarter profit of
$139.2 million on revenue of $698.6 million, compared with a loss of
$419.2 million on $655.2 million a year earlier.
The company
attributed the slightly higher revenue to higher royalties, increased
shipments of its next-generation wireless circuits and higher software
fees.
"Qualcomm's technology licensing business increased its
revenues and earnings before taxes for the third consecutive quarter,”
says Irwin M. Jacobs, chairman and CEO of Qualcomm. “Our chip
business also increased its revenues, earnings before taxes and profit
margins from the September to December period, and 3G CDMA2000 1X chips
represented 40 percent of total MSM shipments in the first quarter of
fiscal 2002. Continued weak global economic conditions are moderating our
March quarter outlook to a range of 19 cents to 21 cents pro forma
earnings per share. However, 3G CDMA2000 1X momentum is continuing to
build despite these factors and we expect that several recent developments
will further strengthen the foundation for future CDMA market
growth.
CDMA2000 1X networks now support more than 4 million
subscribers in South Korea and several operators will soon deploy CDMA2000
1X in the United States, Canada, Japan, and Latin and South America; South
Korean operator KT FreeTel launched the first commercial
BREW-enabled CDMA2000 1X network in November; China Unicom launched
its large-scale CDMA network; and the Indian government awarded limited
mobility licenses to several operators with CDMA networks planned or
underway."
***
Qualcomm was named one of
Fortune magazine's "100 Best Companies to Work for in
America," making it the fourth consecutive year with a jump to No. 8 in
the list ranking.
"Qualcomm is very honored to be recognized by
Fortune magazine as one of the best companies to work for in
America," says Daniel L. Sullivan, executive v.p. of human
resources for Qualcomm. "Being chosen for the fourth consecutive year
demonstrates the Company's ongoing commitment to providing its employees
with a positive work environment. As a result, our employees continue to
contribute significantly to the expansion of the worldwide wireless
telecommunications market."
The rankings, which will appear in the
Feb. 4 issue of Fortune magazine, were compiled by Fortune
with the help of Robert Levering and Milton Moskowitz, the
best-selling authors of “The 100 Best Companies to Work for in America.”
The list is based on the results of extensive research, analysis and a
poll of more than 44,848 employees at 279 companies
nationwide.
***
Callaway Golf Co. has launched
its new line of premium golf gloves. The golf glove line includes two
models: the Pro Series leather glove and the Dawn Patrol
synthetic glove. The gloves will be showcased at the 2002 PGA Merchandise
Show and are scheduled to ship to retail accounts in February.
The
Pro Series and Dawn Patrol gloves both feature Callaway Golf's X-SPANN
technology in the two fingers most critical to the grip. This is flexible
high-tech fabric.
The Pro Series glove is made from Cabretta
leather to create the feeling most preferred by tour professionals. The
lightweight leather has been specially treated to retain its shape through
many wearings. The glove is made of breathable, durable synthetic leather.
The palm area also has real leather for added padding and traction in all
weather conditions.
"The Pro Series and Dawn Patrol gloves are
designed for performance," says Matt Christiansen, v.p. of global
licensing, accessories and retail merchandising for Callaway. "They have
built into them the same attention to detail and dedication to
manufacturing precision that goes into every product that bears the
Callaway Golf name."
The Pro Series glove has a suggested retail
price of $21.50, while the Dawn Patrol glove has a suggested retail price
of $13.75.
***
San Diego-based HNC Software Inc. has
acquired the Virdix software product from Trajecta Inc., a wholly
owned subsidiary of Pavilion Technologies Inc. located in Texas.
HNC has acquired Virdix for a cash purchase price of $6 million
payable upon closing, plus additional cash consideration if certain
financial performance metrics are met during the 12-month period following
the acquisition.
The Virdix optimization and simulation tool
provides the HNC Opportunity suite, including Cross Sell Optimizer,
Prospecting Optimizer, Pricing Optimizer and Retention Optimizer, with a
user-friendly desktop interface to perform sophisticated strategy
analysis.
"The acquisition of Trajecta's Virdix software
complements HNC's technological and industry expertise, which, when
combined with HNC's Opportunity suite will allow marketers to sit at their
desks, run numerous scenarios on millions of individual customers, and
determine the best campaigns to bring in the most revenue possible," says
John Mutch, CEO of HNC Software.
***
Salmedix and Structural
GenomiX of San Diego are among 10 companies that recieved this year's
Healthcare Outlook Investors' Choice award from Technologic
Partners, the publisher of VentureWire.
Judged
by an audience of 300 leading healthcare investment and industry
professionals, the 10 winners were selected from among 50 invited
companies whose CEOs presented their business plans.
In addition to
voting by the audience, selection for the Investors' Choice award was
based on recommendations from a panel of distinguished technology
investors.
***
American Fire Retardant Corp. of
San Diego says it has been verbally awarded a contract for fire protection
services at the Miami International Airport. The value of this
contract is in excess of $600,000.
"While we are very excited about
our newly developed aerosol product, Fyberix 2000-V, we are also very
committed to the growth and profitability of our business on the
industrial side,” says American Fire Retardant Corp. CEO Raoul L.
Carroll. “Being awarded a contract for fire protection services at the
Miami International Airport furthers the strong name we are developing
throughout the country."
***
The Hyatt Regency La Jolla, San Diego
has received a Mobil Four-Star rating for 2002.
"As a hotel
owner, it's one thing to believe that your properties are among the finest
in the industry," says Laurence Geller, CEO of Strategic Hotel
Capital, which owns the Hyatt. "It's something else entirely when
ExxonMobil Travel Publications agrees with you. We are extremely
pleased to have our hotels so recognized. Our goal has always been to
utilize our strong asset management team to work collaboratively with our
operators to ensure a consistently high level of service and facilities at
our properties worldwide."
***
Who are the most important developers of
computer technology? The Computer Museum of America is inviting the
public to help select important innovators for induction into the Hall of
Fame Class of 2002.
Four inventors, innovators and others who
significantly contributed to the computer revolution will be honored this
spring, and will join the current members in the hall.
Visit the
Hall of Fame Web at www.computerhalloffame.org. The site contains
information about current inductees and a list of nominees.
Visitors can vote for up to four nominees or suggest their own
write-in candidates.
The CMA Hall of Fame already contains
inductees from several eras, including Bill Gates, co-founder of
Microsoft; Steve Jobs, co-founder of Apple Computers;
Charles Babbage, the 19th century inventor of the earliest direct
progenitors of modern computers; Seymour Cray, developer of the
Cray supercomputers; and Alan Turing, who developed the Turing
machine and cracked the NaziÕs enigma code.
***
Rancho Santa Fe Technology Inc.
has been awarded a contract to install a sophisticated, high-speed
structured cabling system for Carlsbad High
School.
Trestand Conrique, president of Rancho Santa Fe
Technology says Rancho Santa Fe Technology will work in conjunction with
Sadler Electric to provide the upgrade for the high school's
structured cabling system, which will service a main distribution frame
and intermediate distribution frames located within 25 campus buildings.
The AMP-certified project, utilizing the Netconnect product line,
is part of major power and technology upgrade for the high school. The
project will include the installation of high-speed voice and data network
comprised of 12-strand fiber optic cabling, CAT 3 and CAT (5) e copper
cabling.
"Today, our educational institutions need to provide
students with a state-of-the-art learning experience, and with the
installation of this new structured cabling system, Carlsbad High School
will be well-positioned for many years as one of San Diego County's
cutting-edge digital high schools," Conrique says.
***
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