Searcher hardware is multiplexed to perform simultaneous searches in either an IS-95 CDMA mode or a GPS mode. In the IS-95 mode, the search hardware is time-multiplexed into a number of searcher time slices, each of which can generate a PN sequence to despread a data sequence. In the GPS mode, the search hardware is configured as a number of distinct GPS channels, each of which can generate a Gold code sequence for tracking a GPS signal from a particular GPS satellite. This configuration allows the searcher to perform multiple GPS signal searches simultaneously. Signal searching in both IS-95 and GPS modes is performed at significantly higher speeds compared to conventional searcher hardware. Moreover, the search hardware can be dynamically configured to operate in either the IS-95 or the GPS mode, eliminating the need for dedicated circuitry for each mode of operation.