Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Southern District of California on behalf of a class (the “Class”) of purchasers of Qualcomm Incorporated (“Qualcomm” or the “Company”) (Nasdaq: QCOM) securities between November 6, 2014 and July 22, 2015, inclusive (the “Class Period”).

If you are a member of the Class described above, you may move the Court no later than 60 days from the date of this notice to serve as lead plaintiff, if you meet certain legal requirements. Please contact Lesley Portnoy at 888-773-9224 or 310-201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

The complaint charges Qualcomm and certain of its officers with violations of the federal securities laws. Qualcomm is a global semiconductor company that designs, manufactures and markets worldwide digital communications products and services.

The Complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that the Company was experiencing weaker-than-expected sales of devices that included the Company’s products and, as a result, the Company’s statements about its business, operations, and prospects lacked a reasonable basis. Upon disclosure of these issues the Company’s securities declined sharply in value, thereby damaging investors.

On July 22, 2015, after the market closed, Qualcomm issued a press release that reported its third-quarter 2015 results and lowered its sales and earnings forecasts due, in part, to weaker-than-expected original equipment manufacturer sales of devices that included the Company’s products. Qualcomm explained on the earnings call discussing these results that it had an inventory build-up of chips.

On this news, the company’s shares fell $2.41 per share, or 3.75 percent, to close at $61.78 per share on July 23, 2015.

To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esq. of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

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