Message-ID: <24919836.1075845220119.JavaMail.evans@thyme> Date: Mon, 4 Jun 2001 04:45:40 -0700 (PDT) From: alerts@alerts.equityalert.com To: alewis@ect.enron.com Subject: Your News Alert for QCOM Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: "Equity Alert Center" @ENRON X-To: Andrew Lewis X-cc: X-bcc: X-Folder: \Lewis, Andrew H.\Lewis, Andrew H.\Deleted Items X-Origin: LEWIS-A X-FileName: Lewis, Andrew H..pst [IMAGE]=09[IMAGE]=09[IMAGE]=09 Market Watch [IMAGE] Largest Short Postition Decreases [IMAGE] La= rgest Short Postition Increases [IMAGE] Lock-up Expiry Dates [IMAGE] = IPO Quiet Periods Expiries [IMAGE] IPO Withdrawals [IMAGE] Analyst = EPS Change - Upside [IMAGE] Analyst EPS Change - Downside [IMAGE] Hig= hest Analyst Activity [IMAGE] Earnings Calendar - This Week [IMAGE]= Upcoming Splits [IMAGE] Stock Splits [IMAGE] Coverage Initiation = [IMAGE] Coverage Re-Iteration HelpDesk [IMAGE] Unsubscribe [IMA= GE] Update my Membership / Profile [IMAGE] Forgot Username / Password = [IMAGE]Add / Edit Alerts [IMAGE]View My Alerts [IMAGE] = =09 As requested, your News Alert for QCOM follows from EquityAlert.com. = QUALCOMM Prevails in Three Stock Option Cases SAN DIEGO, Jun 4, 2001 (= BUSINESS WIRE) -- QUALCOMM Incorporated (Nasdaq: QCOM), today announced fav= orable decisions in three cases that had been brought by former employees c= laiming rights to unearned QUALCOMM stock options. In the Hanig v. QUALCOMM= case, the California Superior Court granted summary judgment in QUALCOMM's= favor on all of plaintiffs' claims on the grounds that the releases and ag= reements not to sue executed by each of the plaintiffs barred their lawsuit= . The plaintiffs had signed the releases in exchange for the right to parti= cipate in a bonus retention plan under which QUALCOMM paid millions of doll= ars to its former workers who became employees of Ericsson when QUALCOMM so= ld its infrastructure equipment business. The case was filed by 69 of those= former employees. In addition, QUALCOMM announced that the plaintiffs in= the May v. QUALCOMM case have agreed to dismiss with prejudice their purpo= rted class action lawsuit against QUALCOMM and QUALCOMM Personal Electronic= s, in which several claims seeking compensation for stock options and bonus= payments had been alleged by a separate group of former employees. The pla= intiffs agreed to dismiss their claims after the court granted QUALCOMM's m= otion dismiss their second amended complaint. Finally, QUALCOMM announced= that the United States District Court for the Southern District of Califor= nia had granted summary judgment on seventeen of eighteen causes of action = in a purported class action lawsuit arising out of the reduction in force w= hich occurred at the Company in February of 1999. In that case, the purport= ed class representatives had each sought vesting of stock options after the= termination of their employment, even though each had executed releases of= claims in exchange for generous severance payments offered as part of the = separation package. In granting judgment in QUALCOMM's favor on those claim= s, the Court upheld the validity of those releases. "We are pleased that = the Company has been completely vindicated in the Hanig and May cases and t= hat virtually all of the claims in the third case have been summarily dismi= ssed," said Louis M. Lupin, senior vice president and general counsel for Q= UALCOMM. "QUALCOMM works very hard to ensure that our employees are treated= not only lawfully, but fairly, and has consistently gone far beyond what t= he Company was legally required to do in providing for our employees and ou= r former employees. Consequently, it is very disappointing when frivolous c= laims such as the ones raised in these cases are made but gratifying when t= heir lack of merit is recognized. We will continue to vigorously defend aga= inst meritless claims such as these." QUALCOMM Incorporated (www.qualcomm= .com) is a leader in developing and delivering innovative digital wireless = communications products and services based on the Company's CDMA digital te= chnology. The Company's business areas include CDMA integrated circuits and= system software; technology licensing; the Binary Runtime Environment for = Wireless(TM) (BREW(TM)) applications platform; Eudora(R) e-mail software; d= igital cinema systems; and satellite based systems including portions of th= e Globalstar(TM) system and wireless fleet management systems, OmniTRACS an= d OmniExpress. QUALCOMM owns patents that are essential to all of the CDMA = wireless telecommunications standards that have been adopted or proposed fo= r adoption by standards-setting bodies worldwide. QUALCOMM has licensed its= essential CDMA patent portfolio to more than 100 telecommunications equipm= ent manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM i= s included in the S?500 Index and is a 2001 FORTUNE 500(R) company traded o= n The Nasdaq Stock Market(R) under the ticker symbol QCOM. Except for the= historical information contained herein, this news release contains forwar= d-looking statements that are subject to risks and uncertainties, including= the Company's ability to successfully design and have manufactured signifi= cant quantities of CDMA components on a timely and profitable basis, the ex= tent and speed to which CDMA is deployed, change in economic conditions of = the various markets the Company serves, as well as the other risks detailed= from time to time in the Company's SEC reports, including the report on Fo= rm 10-K for the year ended September 24, 2000, and most recent Form 10-Q. = QUALCOMM, OmniTRACS and Eudora are registered trademarks of QUALCOMM Incor= porated. OmniExpress and BREW are trademarks of QUALCOMM Incorporated. Glob= alstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. A= ll other trademarks are the property of their respective owners. CONTACT:= QUALCOMM Incorporated Corporate Public Relation= s Patty Goodwin, 858/651-4127 Fax: 858= /651-5873 pgoodwin@qualcomm.com or = Investor Relations Julie Cunningham, 858/65= 8-4224 Fax: 858/651-9303 jcunningham@q= ualcomm.com URL: http://www.businesswire.com Today's News On T= he Net - Business Wire's full file on the Internet with Hyperlinks to your = home page. Copyright (C) 2001 Business Wire. All rights reserved. -0- = KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS = TELECOMMUNICATIONS HARDWARE = SOFTWARE [IMAGE] ***IMPORTANT NOTICE AND DISCLAIMER REGARDING THIS = COURTESY EMAIL*** At your request, as a subscriber to our service, this e= mail alert is being sent to you as a courtesy and is for information purpo= ses only. We are a financial news re-distributor. We are not an investme= nt advisory and do not purport to tell or suggest which companies you shou= ld monitor or which securities you should purchase or sell. In addition t= o the information regarding the company you are monitoring (the "Monitored= Company"), this email contains an advertisement describing a product, ser= vice or company for which we received a fee, at our normal advertising rate= s of $55 per 1,000 e-mails (subject to volume and other discounts), from th= e advertising company. In the case of Micron Enviro Systems, Inc. we rece= ived a fee of three hundred and sixty thousand free trading shares of Micr= on Enviro Systems, Inc. from Clarion Investments, Inc. We reserve the right= to sell all or part of these shares at anytime, either before, during or = after the advertisement period. In addition, not withstanding our polic= y of prohibiting employees from buying or selling securities of an advertis= ing company for a period of 20 days following dissemination of the advertis= ement, we may not be able to effectively monitor our employees to ensure c= ompliance with the same. Consequently, there may be sales and/or purchases = of such securities by our employees prior to, during and immediately follow= ing the dissemination of the advertisement. Please note that (1) this ema= il may not contain the full text of the press release issued by, or the re= search or other reports regarding, the Monitored Company; and (2) the text= of the advertisement, the press release and/or reports were obtained fro= m third party sources and were not written, generated or edited by us; acc= ordingly, we make no representations or give any assurance as to the accur= acy or completeness, nor have we conducted any independent investigations o= f, the disclosures regarding the subject matter of such releases and repor= ts. Please note that links to the advertising company and/or Monitored C= ompany are provided for your convenience. We assume no obligation for the= content of such sites. All information contained herein should be indepe= ndently verified by you with the advertising company or with Monitored Com= pany or any other sources you prefer. [THIS IS ONLY A SUMMARY OF, AND IS = QUALIFIED IN ITS ENTIRETY BYREFERENCE TO, THE "EQUITYALERT SUBSCRIBER AGRE= EMENT ANDDISCLAIMER." PLEASE VISIT http://www.equityalert.com/home/discla= im.asp FOR ACCESS TO OUR COMPLETE DISCLAIMER] =09 [IMAGE] [IMAGE]= =09