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QUALCOMM SEES OMNITRACS SALES SLIDE

SAN DIEGO, Calif. -- Qualcomm had revenues in the second quarter of US$713 million, up from $649 million a year ago...


SAN DIEGO, Calif. — Qualcomm had revenues in the second quarter of US$713 million, up from $649 million a year ago despite a slide in sales of OmniTRACS units.

Shipments of OmniTRACS units and related products totalled approximately 9,000 in the quarter of fiscal 2001, compared to 16,000 units during the year-ago quarter. It said the sales slacked off in tandem with the softening U.S. economy, which affected the long-haul trucking industry.

On the brighter side, revenues from OmniTRACS messaging climbed, Qualcomm noted.

Pro forma earnings per share were $0.29 in the second quarter of fiscal 2001 compared to $0.26 per share in the year ago period and $0.29 per share in the first quarter of fiscal 2001.

Pro forma earnings differ from reported earnings, which are presented in accordance with generally accepted accounting principles.


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