Irwin Jacobs Quotations

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,

But the greatest shortage that will slow us down is the lack of trained people. So we are putting resources in training.

Based on preliminary estimates, we expect strong revenue and earnings growth for fiscal 2002.

Global economic uncertainties have slowed the growth we were previously expecting, causing us to lower our expectations for CDMA handset sales to approximately 80 million units in 2001 versus the 90 million units on which we had previously planned.

Whatever we do has to be as good as any in the world,

There is a (better) safety factor because we are transmitting at such low power to a cell site right in the airplane.

This year we continued to focus on improving profitability while investing in areas of future growth. Central to our strategy is the belief that CDMA-based wireless data and Internet access applications will fuel industry growth for years to come,

We have to engage the world because for us we're either playing globally or not playing at all.

We wish we could go faster, but there are factors outside our control,

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.

It's profitable in the sense that it's growing the boat business,

It's part of our strategy to move much more strongly into what we think is this new-coming trend, which is the wireless Internet, ... What we want to do is make sure there is a whole set of capabilities available.

I know what it is to be an owner. The more owners get, the more the players want. I don't want to see what happened to other sports happen to fishing,

Clearly it has made a difference in our sales. Carver doesn't sell hundreds of yachts in Japan, but I can tell you the number is significant enough that it makes a difference in our business.

The holiday quarter is always a very large quarter for the sale of phones, ... The following quarter is a little less.