Pros
Very generous compensation and benefits. Management really knows what they are doing and treats employees with respect. Very high level of competence in Raleigh location. Lots of potential for growth and advancement. Qualcomm Snapdragon processor, cellphone modem and other technologies are well-respected industry-wide. New research is well-funded and supported. Don't have to worry about layoffs since we are in a virtually recession-proof growth area.
Cons
There is a lot of bureaucracy associated with doing anything that has legal consequences (result of emphasis on importance of protecting Qualcomm CDMA and other IP). This can make it difficult and time-consuming to communicate with customers and contractors or work with open source software.