QUALCOMM Incorporated (NasdaqGS:QCOM) seeks acquisitions. QUALCOMM reported to have said "We have a strong balance sheet is so that when events like this happen, we are able to not only sustain ourselves and the investments that are required, but we are able to fund acquisitions and other key initiatives of the Company. So we feel we are in a very strong position to continue to execute going forward and under almost any circumstance.