QUALCOMM INCORPORATED EXHIBIT 11.1
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
----------
(1) The Company's fiscal year ends on the last Sunday of September.
(2) Includes the dilutive effect of outstanding stock options and warrants
for common stock, determined by the treasury stock method, using the
average market price of the Company's common stock during the reporting
period.
(3) The incremental shares for fully diluted earnings per share reflects the
additional dilutive effect of outstanding stock options and warrants
determined by the treasury stock method, using the market price at the
end of the reporting period. The conversion of the Trust Convertible
Preferred Securities is not assumed for fiscal 1997 since its effect
would be anti-dilutive.
(4) This calculation is submitted in accordance with Regulation S-K item
601(b) (11) although not required by APB Opinion No. 15 because it
results in dilution of less than 3%.