Irwin Jacobs Believe Quotations

As expected, second quarter revenues reflected lower shipments in our chip business, ... However, we believe industry inventories have returned to normal levels and we expect a strong second half with record MSM chip shipments.

We believe that the current reduction, combined with other cost-cutting measures, is necessary to assure our competitive position in the rapidly growing wireless communications market.

We believe that the availability of a wide variety of products and wireless data applications is critical for growing the worldwide market for CDMA,