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Qualcomm Incorporated Announces Acquisition of Now Software

– November 10, 1997 – Qualcomm Incorporated (NASDAQ: QCOM), a world leader in wireless communications and advanced electronic messaging solutions for the Internet, today announced its acquisition of Now Software, a pioneer in cross-platform, personal productivity software.

With the acquisition, Qualcomm gains Now's range of advanced scheduling and calendaring software products that meet a growing demand for individual and enterprise collaboration for both office and mobile users. The acquired Now product line, coupled with its Internet savvy engineering staff, will be incorporated into Qualcomm's Eudora® Division thereby strengthening Eudora's technological leadership in the Internet market.

"The acquisition of Now gives Qualcomm access to exciting new technologies and talented individuals," said Jeff Jacobs, vice president and general manager of Qualcomm's Eudora Division. "It also will provide Eudora's 18 million users with enhanced communications capabilities and expand the way they communicate and work together on the Internet and ultimately the wireless environment."

"Now technologies are committed to saving users time and energy, and promoting improved personal and professional communication capabilities," said Duane Schulz, president and chief executive officer of Now Software. "The combination of Qualcomm's Internet and wireless expertise signals an exciting future for these products."

Qualcomm intends to support Now's flagship products and distribution channels currently in place. From a service standpoint, Qualcomm will stand behind retailers, institutional users and personal users in both market and service support.

Qualcomm plans to keep Now's Portland, Oregon offices open, which underscores its commitment to the Oregon business community.

Headquartered in Portland, Oregon, Now Software is the 71st-largest software company in the U.S. with close to two million users of its award-winning product line. The Now Software product family, including the flagship products Now Up-to-Date and Now Utilities, has consistently garnered industry praise, including Product of the Year, multiple Editor's and Reader's Choice honors and seven World Class Awards. The company has strategic relationships in place with industry leaders including Apple, Sybase and 3Com.

Headquartered in San Diego, Qualcomm develops, manufactures, markets, licenses and operates advanced communication systems and products based on its proprietary digital wireless technologies. The Company's primary product areas are the OmniTRACS® system (a geostationary satellite based, mobile communications system providing two-way data and position reporting services), CDMA wireless communications systems and products, and, in conjunction with others, the development of the Globalstar low-earth-orbit (LEO) satellite communications system. Other Company products include the Eudora Pro electronic mail software, ASIC products, and communications equipment and systems for government and commercial users worldwide. For more information, please visit http://www.qualcomm.com.

Except for historical information contained herein, this news release contains forward looking statements that are subject to risks and uncertainties, including timely product development, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 29, 1996 and most recent Form 10-Qs.

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Topics: Corporate
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