Press Release

Qualcomm Acquires Assets of McCormick & Associates

10 janv. 1996SAN DIEGO

Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm Incorporated (NASDAQ: QCOM) announced it has purchased the assets of Indianapolis-based McCormick & Associates, Inc. McCormick is a major developer and provider of software products for the North American transportation industry including intermodal. This acquisition brings key assets to its OmniTRACS division's existing library of AS/400-based business systems software and integrated applications, including an interface with satellite-based mobile communications systems.

Nationally, McCormick claims the largest installed base among intermodal, bulk and tank highway carriers and the second largest installed base for dry vans. The resources acquired will remain headquartered in Indianapolis and will conduct business under the Qualcomm name. Qualcomm intends to retain McCormick's current staff who will continue to support the services and products currently being offered.

"This acquisition allows us to continue strengthening our IT (information technologies) capabilities and to deliver software tools that meet the needs of logistics providers and their supply chain partners," said Dan Sellers, vice president and general manager of OmniTRACS Software for Qualcomm. "As our customers get closer to their customers, suppliers and partners, they are looking for the right technology and tools to help them connect electronically with those essential to their success. This acquisition complements our existing IT offerings and enables us to better meet these needs."

"From industry giants to the smallest of fleets, Qualcomm has consistently demonstrated its commitment to satisfying the needs of its customers," said Mac McCormick, chairman and chief executive officer of McCormick & Associates. "As an independent company, we could see that Qualcomm devotes extraordinary amounts of energy toward developing and delivering leading-edge technology. We are looking forward to great gains as we pool our resources and leverage the talents of our people."

"This move broadens the scope of the products and services we can deliver in the transportation market and enables us to find new opportunities to add value for our customers," said John Sarto, vice president and general manager of Qualcomm's OmniTRACS division. We believe that this marriage will be rewarding for both our customers and the industry and is consistent with our long term strategy."

Qualcomm announced in October 1995 that it was expanding its presence in the IT arena. As the company moves ahead as a world leader in satellite and wireless communications technology, the McCormick acquisition is another in a series of steps toward fulfilling that mission.

In September 1994, Qualcomm acquired the assets of ITS, Inc. of Winston-Salem, N.C. ITS' assets included PC and PC/LAN based business software. During that same time period, Qualcomm purchased a core set of business software for the AS/400 platform, which forms the basis of the QTOPS/400® product. It also acquired the RS/6000 optimization software portion of its QMATCH® and QSWAP® decision support products from Dallas-based Integrated Decision Support Corporation (IDSC).

McCormick & Associates has been servicing the needs of the transportation industry since 1980 delivering software solutions in the truckload carrier; intermodal carrier; truckload brokerage; intermodal agent; shipper; and truck rental and leasing market segments. McCormick also offers comprehensive accounting software; integrated functionality for mobile communications; imaging; EDI; and decision support tools.

The OmniTRACS suite of IT services now includes: 1) QTRACS software, thelink that allows carriers to produce the greatest amount of horsepower from the OmniTRACS mobile satellite communications terminal on board the truck; 2) host application software, which consists of LAN systems, QTOPS/400 business software, and now, McCormick's AS/400 truckload product, TL2000; 3) intermodal applications, acquired from McCormick; 4) Qualcomm Decision Support Systems (QDSS®), which consist of optimization software that maximizes revenue contribution per truck per day by presenting load planners, dispatchers and other operations personnel with real-time answers to complex scenarios involving many competing variables; and 5) consulting services, providing the right analysis for long-term IT strategic plans. Qualcomm is also an IBM Industry Remarketer.

Qualcomm is the world leader in providing satellite communications, tracking and fleet management solutions to the trucking industry. With more than 140,000 OmniTRACS units sold worldwide, Qualcomm has systems operating in the United States, Canada, Europe, Brazil, Mexico, Japan and Malaysia.

Headquartered in San Diego, Qualcomm develops, manufactures, markets, licenses and operates advanced communications systems and products based on its proprietary digital wireless technologies. The company's primary product areas include 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, VLSI components, and communications equipment and systems for government and commercial customers worldwide.

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