SAN DIEGO, April 22 /PRNewswire/ -- Qualcomm has rescheduled its second
quarter earnings call to Monday, April 27, 2009 at 5:00 a.m. PT.
The Company is postponing its earnings release and call until Monday,
April 27, 2009 due to advanced settlement discussions with Broadcom
regarding a global settlement of all disputes between the parties
which, if reached, would have an impact on the Company's financial
results for the fiscal second quarter. No assurance can be given that
the Company and Broadcom will be able to reach agreement on the terms
of a global settlement. Neither company will comment further at this
time.
Revenue and operating income for the second quarter of fiscal 2009,
excluding the potential impact of the Broadcom agreement, met or
exceeded prior guidance. Further details on the Company's second fiscal
quarter results and full fiscal year guidance will be provided in the
earnings release and conference call.
Except for the impact of this agreement, the Company had completed all
of its period ending accounting processes and procedures necessary to
report its second fiscal quarter results.
Qualcomm remains in its quiet period and Qualcomm Investor Relations
representatives will not be available to return phone calls until after
the conclusion of the conference call. Questions during the live call
will be taken from investment professionals only.
Qualcomm Second Quarter Fiscal 2009 Earnings Release
-- The second quarter fiscal 2009 earnings release will be issued
on Monday, April 27, 2009 at approximately 4:30 a.m. Pacific
Time (PT).
Qualcomm Conference Call
-- Monday, April 27, 2009 from 5:00 a.m. to 6:00 a.m. PT.
-- Live web cast available on www.qualcomm.com.
-- Questions during the live call will be taken from investment
professionals only.
Rebroadcast of Conference Call
-- Rebroadcast will be available on Qualcomm's web site at
www.qualcomm.com from April 27, 2009 beginning at approximately
9:00 a.m. PT through May 27, 2009 at 9:00 p.m. PT.
-- To hear the rebroadcast U.S. callers may dial (800) 642-1687
and international callers may dial (706) 645-9291.
-- Please use reservation number 96824653.
Financial and statistical information to be discussed in the conference
call will be posted on Qualcomm's Investor Relations web site at
www.qualcomm.com immediately prior to the commencement of the
conference call.
The conference call will include a discussion of non-GAAP (Generally
Accepted Accounting Principles) financial measures. Information
reconciling these non-GAAP financial measures to Qualcomm's financial
results prepared in accordance with GAAP will be posted on Qualcomm's
Investor Relations web site at www.qualcomm.com immediately prior to
the commencement of the conference call.
Historical news releases and financial documents are available on the
Company's web site at www.qualcomm.com
Contact:
John Gilbert
Vice President of Investor and Industry Analyst Relations
1-(858) 658-4813 (ph) 1-(858) 651-9303 (fax)
e-mail: ir@qualcomm.com
SOURCE Qualcomm Incorporated