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Qualcomm Spinco, Inc.
5775 Morehouse Drive, San Diego, CA 92121 * (858) 587-1121
Business Description The company is the leading developer and supplier worldwide of Code Division Multiple Access (CDMA) integrated circuits and system software solutions for wireless voice and data communications products.
Filing
Information

IPO has been
postponed

To Trade As  - - (NASNTL) Industry  High-Tech (SIC 3674)
Type of Stock Offered Common Shares Filing Date  7/25/00
Domestic Shares Filed 0 Filing Price  - -
Foreign Shares Filed  0 Offering Amount  $100,000,000
Company Shares  0 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Being spun off from  QUALCOMM, Inc.
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Lehman Brothers Incorporated Lead Manager (212) 526-8100
Goldman, Sachs & Co. Co-manager (212) 902-5959
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data 9/30/95 9/30/96 9/30/97 9/30/98 9/30/99 6/27/99 6/25/00
Revenues   26.940 172.068 549.681 583.111 900.638 610.767 868.385
Income from Oper.   - - - - - - -
Net Income   -1.251 -5.229 39.782 158.939 274.973 195.363 82.582
E.P.S   - - - - - - -
Revenue Growth (%)      538.71 219.46 6.08 54.454   42.18
Net Income Growth (%)      - - 299.52 73.01   -57.73
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - 7.24 27.26 30.53 9.51 31.99
Cash Flow - Oper.     307.20 263.04 158.67
Cash Flow - Inv.     -12.40 -10.24 -37.10
Cash Flow - Fin.     -293.95 -251.26 -110.79
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/25/00 Financial Ratios
Total Assets    936.56 Current Assets    289.78 Current Ratio    3.32
Total Liab.    98.18 Current Liab.    87.37 Debt Ratio    10.48%
Total Equity    838.38 Working Cap.    202.41 Debt to Equity Ratio    0.12
Cash    12.55    Return on Assets   8.82%
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and general corporate purposes including product development; selling and marketing; and potential acquisitions of products, technologies or companies.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Cooley Godward Castro Huddleson & Tatum
Bank's Law Firm  Latham & Watkins
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
QUALCOMM, Inc. 100.00  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 11/5/00 4:49:35 PM
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