SAN DIEGO - July 17, 1996 - Qualcomm Incorporated (NASDAQ: QCOM) todayannounced that it has signed a multi-million dollar, royalty-bearingsubscriber equipment license with Siemens Wireless Terminals, a division ofSiemens Rolm Communications. The agreement allows Siemens to develop,market and sell Code Division Multiple Access (CDMA) subscriber equipmentfor cellular and Personal Communications Services (PCS) in those marketsthat adopt the CDMA IS-95 standard.
"As a global manufacturer of telecommunications equipment and electronics,we expect Siemens to be an important source for CDMA handsets," said Dr.Irwin M. Jacobs, chairman and CEO of Qualcomm. "Siemens comes to the U.S.wireless market with an outstanding track record of serving markets in acustomer-focused manner. Now, with CDMA support in its portfolio, Siemenscan bring its innovative products to an even larger set of customers."
"We are very pleased to license Qualcomm's CDMA technology," said BobHunsberger, senior vice president and general manager of Siemens WirelessTerminals division. "CDMA is the chosen technology of many PCS andcellular operators in North America and elsewhere, and it is important toSiemens to be able to serve those customers with wireless accesssolutions."
Siemens expects to have CDMA-based subscriber products available in 1997.To assure time to market, all product development, manufacturing,marketing, sales and service will be managed from Siemens wirelessheadquarters in Dallas.
"We feel it is a real plus to the IS-95 CDMA industry to have a company ofSiemens stature commit to develop subscriber units. It makes the industrymore competitive, improves availability of supply, promotes quickerinnovation of features and services, and gives end-users more choices,"said Terry Yu, vice president, Product Marketing, Sprint Spectrum L.P.
Siemens Wireless Terminals, a division of Siemens Rolm Communications Inc.,is chartered with providing handsets and wireless network access terminalsutilizing U.S. wireless standards. Siemens has staked out a leadingposition in the wireless market for digital terminals. Siemens PublicCommunications Systems has over 70 digital wireless networks and more than200 mobile switching systems installed worldwide. Siemens PrivateCommunication Systems is the world's largest supplier of privatetelecommunications systems with approximate annual sales of $5.2 billion.Overall, the telecommunications businesses contribute more than 20 percentof Siemen's AG's sales of $61.6 billion in the fiscal year 94-95.
Headquartered in San Diego, Qualcomm develops, manufactures, markets,licenses and operates advanced communications systems and products based onits proprietary digital wireless technologies. The Company's primaryproduct areas are the OmniTRACS® system (a geostationary satellite-based,mobile communications system providing two-way data and position reportingservices), CDMA wireless communications systems and products and, inconjunction with others, the development of the Globalstar low-earth-orbit(LEO) satellite communications system. Other company products includeEudora Pro electronic mail software, VLSI components, and communicationsequipment and systems for government and commercial customers worldwide.
Except for the historical information contained herein, this news releasecontains forward-looking statements that are subject to risks anduncertainties, including timely product development, change in economicconditions of the various markets the Company serves, as well as the otherrisks detailed from time to time in the Company's SEC reports, includingthe report on Form 10-K for the year ended September 24, 1995 and mostrecent Form10-Qs.
Qualcomm and OmniTRACS are registered trademarks of Qualcomm Incorporated.GLOBALSTAR is a trademark of Globalstar, L.P. Eudora is a registeredtrademark of the University of Illinois Board of Trustees licensed toQualcomm Incorporated.Siemens is a registered trademark of Siemens Corporation.