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Qualcomm approves 7-cent quarterly dividend

SAN DIEGO-Qualcomm Inc. said its board of directors has approved a quarterly dividend of 7 cents per common share, which will be payable March 26, 2004.

“Our business results continue to generate a strong cash flow,” said Bill Keitel, senior vice president and chief financial officer of the company. “We remain confident in our ability to continue generating cash and believe the quarterly dividend is a good way to return value to our shareholders.”

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