SAN DIEGO, CA, July 27, 2004 -- QUALCOMM Incorporated (Nasdaq: QCOM), a leading provider of wireless data solutions, today announced that National Freight (NFI), a leading national logistics provider, has selected QUALCOMM's untethered trailer asset management solution as its advanced tracking system to provide better information to its customers and improve its own internal equipment utilization capabilities.

Starting this fall, up to 4,000 National Freight trailers will be outfitted with QUALCOMM's untethered trailer asset management solution. This wireless solution enables NFI to remotely pinpoint the location of its trailers for improved trailer asset management, while also giving NFI's customers the value of position location information for enhanced visibility of the movement of their freight.

"Companies rely on us to know where their merchandise is at all times. Inventory management is crucial not only to us, but to our customers," said Ike Brown, co-chairman, NFI Industries. "With QUALCOMM's untethered trailer asset management solution, we can provide our customers with the information they need to gain peace of mind and the data we need to fully maximize our operation."

"We're excited to introduce our new trailer management solution to the transportation industry and pleased to be working with National Freight on the deployment within their fleet," said Chris Wolfe, president of QUALCOMM Wireless Business Solutions. "Using sophisticated on-board hardware, sensors and extensive data integration capabilities, NFI and its customers will directly benefit from enhanced visibility and security."

Since 1989, QUALCOMM has provided its tethered tracking system to more than 35,000 trailers within the NAFTA region. TrailerTRACS(R) provides trailer ID, drop-and-hook notification, location, status and information when connected to an OmniTRACS(R) equipped tractor. The untethered trailer tracking solution being developed will offer these same features plus a variety of other options, including door and cargo sensors, geofencing, over-the-air update capabilities and visibility of assets and loads whether or not a trailer is connected to a tractor.

NFI is a privately-held family of companies providing one-stop integrated supply chain solutions nationwide. NFI companies include NFI National Freight, NFI Interactive Logistics, NFI National Distribution Centers and NFI Real Estate. Together, NFI operates 110 carrier support and warehousing facilities nationwide occupying in excess of 13 million square feet and employing over 3,600 associates. NFI companies strategically integrate resources to facilitate supply chain solutions that enable customers to reduce total systems cost, enhance their service to customers and focus on their core business.

QUALCOMM is the industry's global leader in providing high-value wireless data solutions with Network Operations Centers that processes more than nine million transactions each day. QUALCOMM has shipped more than 523,000 mobile systems to businesses in more than 39 countries on four continents.

QUALCOMM Incorporated (http://www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2003 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the extent and speed to which QUALCOMM's untethered trailer asset management solution 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 Form 10-K for the year ended September 28, 2003, and most recent Form 10-Q.

QUALCOMM, TrailerTRACS and OmniTRACS are registered trademarks of QUALCOMM Incorporated. All other trademarks are the property of their respective owners.

     QUALCOMM Contacts:
     Jennifer Briscoe, QUALCOMM Wireless Business Solutions
     Phone:   1-858-658-5715
     E-mail:  jbriscoe@qualcomm.com
     or
     Emily Gin, Corporate Public Relations
     Phone:   1-858-651-4084
     E-mail:  publicrelations@qualcomm.com
     or
     Bill Davidson, Investor Relations
     Phone:   1-858-658-4813
     E-mail:  ir@qualcomm.com