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Market

Nature Home Achieves Turnaround in 1H2014

Revenue and Gross Profit Up by 37% and 50% to Approximately RMB776 Million and RMB253 Million Respectively

Further strengthened the integrated household product strategy by introducing an O2O platform to seize online and offline shopping opportunities

HONG KONG, Aug. 29, 2014 /PRNewswire/ —

Financial Highlights:

Unaudited results for the 6 months ended 30 June	2014 *RMB’000*	2013 *RMB’000*	*Change* %
Revenue	776,398	566,977	+36.9
Gross Profit	252,658	168,888	+49.6
Profit Before Tax	26,679	(47,370)	N/A
Profit Attributable to Equity Shareholders	19,715	(55,248)	N/A
Profit Attributable to Equity Shareholders (excluding the net change in fair value of biological assets)	25,694	18,111	+41.9
Basic Earnings per Share (RMB)	0.013	(0.037)	N/A

Nature Home Holding Company Limited (“Nature Home” or the “Company“, together with its subsidiaries, the “Group“; HKEx Stock Code: 2083), announced today its interim results for the six months ended 30 June 2014 (the “Period“).

During the Period, the Group achieved encouraging financial results with revenue increased by 36.9% to approximately RMB776 million. Gross profit surged 49.6% to approximately RMB252 million. Profit attributable to equity shareholders reached approximately RMB20 million, representing a turnaround in the Period as compared to the loss attributable to equity shareholders recorded in the corresponding period of 2013. The turnaround is mainly attributable to the reduction of the negative net change in fair value of the Group’s biological assets, as well as the increase in the Group’s revenue and gross profit. During the Period, approximately 10.09 million square meters of flooring products were sold (1H2013: approximately 8.45 million square meters), representing an increase of 19.4% year-on-year.

Mr. Se Hok Pan, Chairman and Executive Director of Nature Home stated, “In the first six months of 2014, we continued to strengthen our efforts on brand building and sales, to further broaden the coverage in international markets under the intensified industry competition, this is reflected in the significant increase in the trading revenue of timber and wood products. The turnaround recorded during the Period reflected the success of our business development strategies, brand building and sales efforts. With the change of our Company name to ‘Nature Home Holding Company Limited‘, we aim at achieving our goal in offering integrated household products with our ‘Nature‘ brand, representing an image of high quality, safe and environmentally-friendly household brand.”

Manufacturing and Sale of Wood Products

During the Period, turnover of the Group’s manufacturing and sale of wooden products has increased 39.2% to approximately RMB527 million, mainly attributable to the continued recovery of the Group’s flooring business in the PRC and the overall increased sales in flooring products.

The Group has successfully developed a solid and extensive sales network in the PRC. It has 1,856 “Nature” stores, 1,121 “Nature No.1 My Space” stores, 152 “Nature Aesthetics” stores, 99 foreign imported brand stores and 116 other brand stores as at 30 June 2014, amounting to 3,344 stores in total.

Nature Home will continue to focus on the development in the business of wooden doors, wardrobes and cabinets with the “Nature” brand, striving to improve such business in the future with the completion and operation of the new product line in the newly opened Taizhou Production Plant in Jiangsu Province, the PRC and the planned trial production of the Zhongshan Wardrobes and Cabinets Plant in the second half of 2014.

Trading of Timber and Wood Products

For the overseas market, the recovery of the global economy, especially the economy of the U.S., has created a favorable environment for the development of the Group’s business and brought to the group significant growth in the trading business revenue of timber and wood products. The Group’s subsidiaries located in the U.S. have further boosted the Group’s business development by establishing additional sales channels, which resulted in a sustained growth in the Group’s sales for the trading of wood flooring products in the U.S. During the Period, the Group’s trading business of timber and wood products contributed a revenue of approximately RMB165 million, representing a significant increase of 61.8% as compared to approximately RMB102 million in the corresponding period of 2013.

Chairman Se concluded, “Looking forward, the Group is still facing various challenges. However, the Group has captured the opportunities from the trend of online and offline shopping. We plan to establish an online housing O2O platform for the household industry to provide our customers with a one-stop solution with household products, logistics and decoration as well as installation service. The Group also plans to open ‘O2O Household Package Experience Stores’, which will display different packages of household products, offering customers an open experience for household products. We will also continue to implement our strategy of integrated household products and enhancing our household brand with a combination of online and offline platforms, in order to maximize the effectiveness in sales of the household brand. We will also strive for better performance in the future for the relevant business, especially with the new production line of wooden doors in the Taizhou Plant and a new production line of wardrobes and cabinets in the Zhongshan Plant. As one of the largest wood flooring brands in China, we have full confidence in our business and we will continue to reinforce our leading position in the industry to maximize returns to our shareholders.”

About Nature Home Holding Company Limited

Nature Home is the largest wood flooring brand in China in terms of market share by retail sales value of branded wood flooring products. According to an industry report of China’s flooring market conducted by an independent global market research and consulting company (the “Industry Report”), the Group’s “Nature” branded products accounted for 7.0% market share in terms of China’s total retail sales value of branded wood flooring products in 2011. The Group’s branded products are manufactured through a combination of its own manufacturing facilities and exclusive authorized manufacturers.

According to Industry Report, in 2011, the Group’s branded products ranked second in laminated flooring, first in multi-layered engineered flooring and first in solid wood flooring, each in terms of both the market share of retail sales volume and retail sales value in China. The Group is the only company to achieve a top two market share position across the three primary wood flooring product categories in China in 2011. Leveraging its strong brand, extensive distribution network, comprehensive product portfolio and flexible manufacturing model, the Group grew rapidly and gained market share in China from 2008 to 2011.

To see the full version of this release, including financial tables, click here: http://photos.prnasia.com/prnk/20140829/8521404880-a

Market

China Fordoo Holdings Limited (Stock Code: 2399) Announces 2014 Interim Results

— Turnover Reached RMB766.2 Million

— Gross Profit Increased by 13.0% to RMB269.1 Million

HONG KONG, Aug. 28, 2014 /PRNewswire/ — China Fordoo Holdings Limited (“Fordoo” or the “Company” and, together with its subsidiaries, the “Group”, Stock Code: 2399), a reputable menswear brand in the PRC, is pleased to announce its interim results for the period ended 30 June 2014 (the “period”).

During the period, benefited from the growing recognition of the Group’s “FORDOO” brand and an increase in the average wholesale price of products, the Group’s turnover increased to RMB766.2 million, representing an increase of 6.8% over the corresponding period last year (1H2013: RMB717.4 million). The expansion of distribution network further strengthened the profitability of the Group. Net profit increased by 8.5% to RMB128.7 million over the corresponding period in 2013. Basic and diluted earnings per share were RMB36 cents, representing an increase of 8.5% as compared to the corresponding period last year (1H2013: RMB33 cents).

Mr. Kwok Kin Sun, Executive Director, Chief Executive Officer and Chairman of the Board said, “In the first half of 2014, China’s economic growth continued to slowdown and the retail market remained weak. For the apparel retail industry, the total retail sales of garments, hats, footwear and knitwear recorded a 10.0% year-on-year increase, which was 1.9 percentage points lower than that of the corresponding period in 2013. Therefore, the Group adopted a prudent operation strategy and focused on improving the distribution channel management and enhancing product quality and design. We are very satisfied that the purchase orders from the sales fair held in March 2014 increased by 24% from the ones held in September 2013.”

Business Review

As a reputable menswear brand in the PRC, by product type, Fordoo continued to lead the market in the men’s trousers segment. In the first half of 2014, turnover from men’s trousers increased by 16.9% to RMB458.1 million as compared to the corresponding period last year (1H2013: RMB392.0 million). In addition, sales of trousers remained the major contributor to the total turnover with a proportion of 59.8%. In terms of product style, the Group maintained a healthy growth in the business formal and business casual series. The business casual series continued to be the largest turnover contributor to the Group with a proportion of 63.4% (1H2013: 61.1%).

The Group has been striving to optimize its retail and sales network for the sustainable business growth. As of 30 June 2014, the retail and distribution network of the Group further expanded to 52 distributors and 180 sub-distributors. During the period, the Group had a total 1,353 retail outlets (including 2 self-operated retail stores), representing a net increase of 53 retail outlets as at 31 December 2013, spanning over 240 cities and 31 provinces, autonomous regions and central government-administered municipalities in the PRC. The increase in retail outlets was a strategy to further penetrate into the markets in the second and third-tier cities.

In the first half of 2014, as part of the Group’s marketing and promotion plan to enhance and reinforce its brand image, the renovation of 41 existing stores had completed, and the plan for renovating another 59 stores by the end of the year remained on track. In addition, the Group continued to actively carry out regular advertising and promotion campaign through various channels, such as advertisements in fashion magazines, promotion activities in the internet and other media, as well as advertisements on large outdoor billboards in airports, highways and well-known department stores.

Prospects

Looking ahead to the second half of 2014, the Group sustains its cautiously optimistic view with respect to the growth of consumer demand in menswear market in China. It is confident that the ongoing urbanization and expanding middle class in China will generate a strong demand on apparels in the long run. Therefore, the Group maintains its target for distributors of adding approximately 200 retail outlets within the year. In the coming 2014 spring/summer sales fair to be held in September 2014, the Group will launch a new casual fashion line targeting young customers aged 18 to 30.

Mr. Kwok concluded, “Fordoo will strive to seize the opportunities arising from the continuous growth of the men’s casual wear and trousers market in PRC, as well as strengthen its cooperation with the distributors and sub-distributors. The Group will equip itself for the future development through enhancing its product design and development capability and kicking off the implementation of the ERP system. Driven by the success of men’s trousers, business formal and business casual series, it is believed that the Group could continue its sustainable growth and maximize shareholders’ returns.”

– End –

About China Fordoo Holdings Limited

Fordoo is a reputable menswear brand in the PRC. Positioned in the middle-upper menswear segment, Fordoo primarily targets men aged 30 to 60. According to Frost & Sullivan, Fordoo brand was ranked sixth in the middle-upper menswear market with a market share of 2.9%, fifth in both the middle-upper business casual menswear segment and the middle-upper business formal menswear segment with respective market share of 4.0% and 2.9%, and second in the men’s trousers category with a market share of 3.0%, all of which were in terms of retail sales in 2013. Fordoo manages and operates the business through a strategically integrated model, comprising brand management and marketing, design and product development, ordering process, procurement of raw materials, self-production and outsourced production and sales and distribution. As of 30 June 2014, Fordoo’s distribution network comprised of 52 distributors, 180 sub-distributors and 1,353 retail outlets (excluding the two self-operated stores).

Issued by Porda Havas International Finance Communications Group for and on behalf of China Fordoo Holdings Limited.

Market

Qualcomm Announces Record Third Quarter Fiscal 2014 Results

SAN DIEGO, July 24, 2014 /PRNewswire/ — Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced results for the third quarter of fiscal 2014 ended June 29, 2014.

“We are pleased to report another record quarter with revenues, earnings per share and chip shipments reaching all-time highs, driven by broad-based demand for our industry-leading 3G/4G chipset solutions,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “Looking forward, although we have lowered our near-term financial outlook for the licensing business, we are pleased to be raising our fiscal year earnings per share guidance on better than expected performance in our semiconductor business.”

Third Quarter Results (GAAP)*

Revenues: ¹$6.81 billion, up 9 percent year-over-year (y-o-y) and 7 percent sequentially.
Operating income: ¹ $2.08 billion, up 24 percent y-o-y and 4 percent sequentially.
Net income: ²$2.24 billion, up 42 percent y-o-y and 14 percent sequentially.
Diluted earnings per share: ² $1.31, up 46 percent y-o-y and 15 percent sequentially.
Effective tax rate: ¹10 percent.
Operating cash flow: $2.67 billion, up 29 percent y-o-y; 39 percent of revenues.
Return of capital to stockholders: $2.06 billion, including $1.35 billion through repurchases of 17.0 million shares of common stock and $706 million, or $0.42 per share, of cash dividends paid.

¹Throughout this news release, revenues, operating expenses, operating income, earnings before tax (EBT) and effective tax rates are from continuing operations (i.e., before adjustments for noncontrolling interests and discontinued operations), unless otherwise stated.

²Throughout this news release, net income and diluted earnings per share are attributable to Qualcomm (i.e., after adjustments for noncontrolling interests and discontinued operations), unless otherwise stated.

Non-GAAP Third Quarter Results*

Non-GAAP results exclude the QSI (Qualcomm Strategic Initiatives) segment and certain share-based compensation, acquisition-related items and tax items.

Revenues: $6.81 billion, up 9 percent y-o-y and 7 percent sequentially.
Operating income: $2.43 billion, up 19 percent y-o-y and 4 percent sequentially.
Net income: $2.47 billion, up 35 percent y-o-y and 10 percent sequentially.
Diluted earnings per share: $1.44, up 40 percent y-o-y and 10 percent sequentially.
Effective tax rate: 13 percent.

Detailed reconciliations between GAAP and Non-GAAP results are included within this news release.

* The following should be considered in regards to the year-over-year and sequential comparisons:

The third quarter of fiscal 2014 results included:
- $208 million of income, or $0.12 per share, of which $184 million was recorded in other income, due to the reversal of accruals related to our litigation with ParkerVision; and
- $164 million of charges, or $0.08 per share, that resulted from an impairment on goodwill and long-lived assets related to our QMT (Qualcomm MEMS Technologies) division.
The third quarter of fiscal 2013 results included:
- $158 million charge, or $0.06 per share, that resulted from an impairment on long-lived assets related to our QMT division.

Third Quarter Key Business Metrics

MSM™ chip shipments: 225 million units, up 31 percent y-o-y and 20 percent sequentially.
March quarter total reported device sales: approximately $58.1 billion, up 3 percent y-o-y and down 13 percent sequentially.
- March quarter estimated 3G/4G device shipments: approximately 250 to 254 million units, at an estimated average selling price of approximately $228 to $234 per unit.

Cash and Marketable Securities

Our cash, cash equivalents and marketable securities totaled $32.7 billion at the end of the third quarter of fiscal 2014, compared to $30.4 billion a year ago and $32.1 billion at the end of the second quarter of fiscal 2014. On July 18, 2014, we announced a cash dividend of $0.42 per share payable on September 24, 2014 to stockholders of record as of the close of business on September 3, 2014.

Research and Development


($ in millions)	Non-GAAP		QSI		Share-Based Compensation		Acquisition- Related Items		GAAP
Third quarter fiscal 2014	$	1,251	$	1	$	174	$	3	$	1,429
As % of revenues	18%								21%
Third quarter fiscal 2013	$	1,130	$	1	$	166	$	1	$	1,298
As % of revenues	18%								21%
Year-over-year change ($)	11%		N/M		5%		N/M		10%

N/M – Not Meaningful

Non-GAAP research and development (R&D) expenses increased 11 percent y-o-y primarily due to an increase in costs to develop CDMA-based 3G, OFDMA-based 4G LTE and other technologies for integrated circuit and related software products and to expand our intellectual property portfolio.

Selling, General and Administrative


($ in millions)	Non-GAAP		QSI		Share-Based Compensation		Acquisition- Related Items		GAAP
Third quarter fiscal 2014	$	484	$	4	$	88	$	6	$	582
As % of revenues	7%								9%
Third quarter fiscal 2013	$	505	$	6	$	96	$	6	$	613
As % of revenues	8%								10%
Year-over-year change ($)	(4%)		(33%)		(8%)		N/M		(5%)

N/M – Not Meaningful

Non-GAAP selling, general and administrative (SG&A) expenses decreased 4 percent y-o-y primarily due to a decrease in selling and marketing expenses.

Effective Income Tax Rates

Our fiscal 2014 annual effective income tax rates are estimated to be 14 percent for GAAP and 15 percent for Non-GAAP, both of which include the United States federal R&D tax credit generated through December 31, 2013, the date on which the credit expired. During the third quarter of fiscal 2014, we recorded a $66 million tax benefit as a result of an agreement reached with the Internal Revenue Service related to transfer pricing on our fiscal 2013 tax return, which was excluded from Non-GAAP results.

Business Outlook

The following statements are forward looking, and actual results may differ materially. The “Note Regarding Forward-Looking Statements” in this news release provides a description of certain risks that we face, and our most recent quarterly report on file with the Securities and Exchange Commission (SEC) provide a more complete description of risks.

Our outlook does not include provisions for future asset impairments or for pending legal matters, other than future legal amounts that are probable and estimable. Further, due to their nature, certain income and expense items, such as realized investment and certain derivative gains or losses, cannot be accurately forecast. Accordingly, we only include such items in our financial outlook to the extent they are reasonably certain; however, actual results may differ materially from the outlook.

During the fourth quarter of fiscal 2014, we expect to complete a minimum of $1 billion in stock repurchases under our current stock repurchase program. Our outlook for fiscal 2014 diluted earnings per share includes an estimate of the benefit related to stock repurchases.

China continues to present significant opportunities for us, particularly with the rollout of 4G LTE, but also presents significant challenges, as our business practices continue to be the subject of an investigation by the China National Development and Reform Commission (NDRC). Please refer to our Quarterly Report on Form 10-Q for the third quarter ended June 29, 2014 filed with the SEC for our most recent disclosures regarding the NDRC investigation.

We also believe that certain licensees in China currently are not fully complying with their contractual obligations to report their sales of licensed products to us (which includes certain licensees underreporting a portion of their 3G/4G device sales and a dispute with a licensee) and that unlicensed companies may seek to delay execution of new licenses while the NDRC investigation is ongoing. We expect calendar year 2014 3G/4G device shipments to be approximately 1.3 billion globally. However, our estimate of calendar year 2014 3G/4G device shipments that we currently expect to be reported to us is approximately 1.04 billion to 1.13 billion, which is adjusted for units that we believe may not be reported to us, are in dispute or are currently unlicensed. We are taking steps to address these issues, although the timing of any resolution is uncertain.

The following table summarizes GAAP and Non-GAAP guidance based on the current outlook. The Non-GAAP outlook presented below is consistent with the presentation of Non-GAAP results included elsewhere herein.

Qualcomm’s Business Outlook Summary

FOURTH FISCAL QUARTER

Q4 FY13

Results

Current Guidance

Q4 FY14 Estimates

Revenues

$6.48B

$6.5B – $7.4B

Year-over-year change

even – increase 14%

Non-GAAP diluted earnings per share (EPS)

$1.05

$1.20 – $1.35

Year-over-year change

increase 14% – 29%

Diluted EPS attributable to QSI

($0.01)

$0.00

Diluted EPS attributable to share-based compensation

($0.13)

Diluted EPS attributable to acquisition-related items

($0.04)

GAAP diluted EPS

$0.86

$1.03 – $1.18

Year-over-year change

increase 20% – 37%

Metrics

MSM chip shipments

190M

230M – 245M

Year-over-year change

increase 21% – 29%

Total reported device sales (1)

approx. $60.2B*

approx. $53.0B – $59.0B*

Year-over-year change

decrease 2% – 12%

*Est. sales in June quarter, reported in September quarter

FISCAL YEAR

FY 2013

Results

Prior Guidance

FY 2014 Estimates (2)

Current Guidance
FY 2014 Estimates

Revenues

$24.87B

$26.0B – $27.5B

$26.3B – $27.2B

Year-over-year change

increase 5% – 11%

increase 6% – 9%

Non-GAAP diluted EPS

$4.51

$5.05 – $5.25

$5.21 – $5.36

Year-over-year change

increase 12% – 16%

increase 16% – 19%

Diluted EPS attributable to QSI

$0.02

($0.01)

Diluted EPS attributable to share-based compensation

($0.51)

Diluted EPS attributable to acquisition-related items

($0.16)

Diluted EPS attributable to tax items

$0.04

N/A

$0.04

GAAP diluted EPS

$3.91

$4.37 – $4.57

$4.57 – $4.72

Year-over-year change

increase 12% – 17%

increase 17% – 21%

Metrics

Est. fiscal year* 3G/4G device average selling price range (1)

approx. $223 – $229

approx. $218 – $228

approx. $222 – $228

*Shipments in Sept. to June quarters, reported in Dec. to Sept. quarters

CALENDAR YEAR Device Estimates (1)

Calendar 2013

Estimates

Prior Guidance
Calendar 2014

Estimates

Current Guidance

Calendar 2014

Estimates

Est. 3G/4G device shipments

March quarter

approx. 244M – 248M

not provided

approx. 250M – 254M

June quarter

approx. 260M – 264M

not provided

September quarter

approx. 276M – 280M

not provided

December quarter

approx. 295M – 299M

not provided

Est. calendar year range (approx.)

1,075M – 1,091M

1,220M – 1,300M

1,040M – 1,130M (3)

(1)	Total reported device sales is the sum of all reported sales in U.S. dollars (as reported to us by our licensees) of all licensed CDMA-based, OFDMA-based and CDMA/OFDMA multimode subscriber devices (including handsets, modules, modem cards and other subscriber devices) by our licensees during a particular period (collectively, 3G/4G devices). The reported quarterly estimated ranges of average selling prices (ASPs) and unit shipments are determined based on the information as reported to us by our licensees during the relevant period and our own estimates of the selling prices and unit shipments for licensees that do not provide such information. Not all licensees report sales, selling prices and/or unit shipments the same way (e.g., some licensees report sales net of permitted deductions, including transportation, insurance, packing costs and other items, while other licensees report sales and then identify the amount of permitted deductions in their reports), and the way in which licensees report such information may change from time to time. In addition, certain licensees may not report (in the quarter in which they are contractually obligated to report) their sales of certain types of subscriber units, which (as a result of audits, legal actions or for other reasons) may be reported in a subsequent quarter. Accordingly, total reported device sales, estimated unit shipments and estimated ASPs for a particular period may include prior period activity that was not reported by the licensee until such particular period.

(2)	Our prior guidance for fiscal 2014 GAAP diluted EPS excluded a $66 million tax benefit that we recorded in the third quarter of fiscal 2014 as a result of an agreement reached with the Internal Revenue Service, which was excluded from our Non-GAAP results.

(3)	We expect calendar year 2014 3G/4G device shipments to be approximately 1.3 billion globally. However, our estimate of calendar year 2014 3G/4G device shipments that we currently expect to be reported to us is approximately 1.04 billion to 1.13 billion, which is adjusted for units that we believe may not be reported to us, are in dispute or are currently unlicensed. We are taking steps to address these issues, although the timing of any resolution is uncertain.

N/A – Not Applicable
Sums may not equal totals due to rounding.

Results of Business Segments

The following table reconciles our Non-GAAP results to our GAAP results ($ in millions, except per share data):

SEGMENTS

QCT

QTL

Non-GAAP Reconciling
Items (1) (2)

Non-GAAP (3)

QSI (3)

Share-Based Compensation (3)

Acquisition-
Related
Items (3)

Tax
Items

GAAP

Q3 – FISCAL 2014

Revenues

$4,957

$1,803

$46

$6,806

$—

$6,806

Change from prior year

17%

(3%)

(70%)

Change from prior quarter

17%

(13%)

Operating income (loss)

$2,425

($5)

($274)

($71)

$—

$2,075

Change from prior year

19%

29%

—%

24%

Change from prior quarter

17%

(9%)

21%

EBT

$1,116

$1,550

$177

$2,843

($1)

($274)

($71)

$—

$2,497

Change from prior year

51%

(5%)

N/M

29%

N/M

—%

31%

Change from prior quarter

51%

(15%)

N/M

97%

(9%)

21%

10%

EBT as % of revenues

23%

86%

N/M

42%

37%

Net income (loss)

$2,470

$—

($232)

($66)

$66

$2,238

Change from prior year

35%

N/M

(5%)

(3%)

N/M

42%

Change from prior quarter

10%

N/M

(17%)

19%

N/M

14%

Diluted EPS

$1.44

$0.00

($0.14)

($0.04)

$0.04

$1.31

Change from prior year

40%

N/M

(8%)

—%

N/M

46%

Change from prior quarter

10%

N/M

(27%)

20%

N/M

15%

Diluted shares used

1,714

Q2 – FISCAL 2014

Revenues

$4,243

$2,071

$53

$6,367

$—

$6,367

Operating income (loss)

2,337

(6)

(251)

(90)

—

1,990

EBT

$740

$1,834

$78

2,652

(39)

(251)

(90)

—

2,272

Net income (loss)

2,255

(17)

(198)

(81)

—

1,959

Diluted EPS

$1.31

($0.01)

($0.11)

($0.05)

$—

$1.14

Diluted shares used

1,719

Q3 – FISCAL 2013

Revenues

$4,222

$1,867

$154

$6,243

$—

$6,243

Operating income (loss)

2,035

(7)

(280)

(71)

—

1,677

EBT

$738

$1,633

($161)

2,210

(280)

(71)

—

1,910

Net income (loss)

1,823

(222)

(64)

—

1,580

Diluted EPS

$1.03

$0.02

($0.13)

($0.04)

$—

$0.90

Diluted shares used

1,765

Q4 – FISCAL 2013

Revenues

$4,457

$1,874

$149

$6,480

$—

$6,480

Operating income (loss)

1,940

(11)

(274)

(67)

—

1,588

EBT

$702

$1,622

($151)

2,173

(11)

(274)

(67)

—

1,821

Net income (loss)

1,818

(24)

(226)

(67)

—

1,501

Diluted EPS

$1.05

($0.01)

($0.13)

($0.04)

$—

$0.86

Diluted shares used

1,738

SEGMENTS

QCT

QTL

Non-GAAP Reconciling
Items (1) (2)

Non-GAAP (3)

QSI (3)

Share-Based Compensation (3)

Acquisition-
Related
Items (3)

Tax
Items

GAAP

9 MONTHS – FISCAL 2014

Revenues

$13,816

$5,774

$205

$19,795

$—

$19,795

Change from prior year

13%

(54%)

Operating income (loss)

$6,611

($16)

($806)

($231)

$—

$5,558

Change from prior year

(2%)

20%

(3%)

(1%)

EBT

$2,762

$5,054

($217)

$7,599

($36)

($806)

($231)

$—

$6,526

Change from prior year

11%

N/M

(3%)

EBT as % of revenues

20%

88%

N/M

38%

33%

Discontinued operations, net of tax (4)

$430

$—

$430

Net income (loss)

$6,888

($13)

($655)

($213)

$66

$6,073

Change from prior year

13%

N/M

—%

13%

Diluted EPS

$4.01

($0.01)

($0.38)

($0.12)

$0.04

$3.53

Change from prior year

16%<