Qualcomm Incorporated (NASDAQ: QCOM) today announced the signing of a license agreement with Unwired Planet™ Inc.,and an equity investment in Unwired Planet. The license agreement grants Qualcomm the right to incorporate Unwired Planet's innovative UP.Link™ innovative product into Qualcomm's Code Division Multiple Access (CDMA) digital phone models and other wireless devices. Financial terms of the license agreement and equity investment were not disclosed.
"Qualcomm has made a commitment to support a host of data services with our entire subscriber products line. Our CDMA data services are based on standard Internet protocols enabling Qualcomm's CDMA digital phones to provide true wireless Internet access," said Dr. Paul E. Jacobs, senior vice president and general manager of Qualcomm's subscriber products group. "With Unwired Planet's browser running on Qualcomm digital phones, CDMA subscribers will soon be able to access information available on the Internet without compromising their mobility."
Using a language specification created by Unwired Planet called Handheld Device Markup Language (HDML), UP.Link provides an open Web-based software platform for the creation and deployment of Internet-based applications. Designed specifically for the challenges of the mobile telephony market, the advanced UP.Link UPLink Intranet and Internet access platform which brings the concept of an open standard client/server network down to wireless hand-held communication devices.
Because HDML applications are device- and network-independent, developers can easily write applications that leverage a company's existing server infrastructure and web site content. Key business information and tools such as electronic mail, corporate telephone directories, stock quotes, fax-on-demand, lead tracking, and customer order status can all be made visible to cellular phones and two-way pagers running UP.Link. running Unwired Planet's software user interface.
"Unwired Planet's UP.Link platform has been embraced by phone manufacturers, carriers, integrators, and developers because it offers an elegant solution to adding software intelligence to pocket-size communication devices," said Alain Rossmann, chairman and CEO of Unwired Planet. "Qualcomm's investment in Unwired Planet will accelerate the availability of leading-edge CDMA digital phones which integrate Unwired Planet's Internet access technology."
Unwired Planet was founded in 1994 to deliver an open platform for wireless Internet appliances. UP's first product, UP.Link UPLink, is a comprehensive communications platform including browser, gateway, and mark-up language that allows familiar mobile devices such as cellular phones and pagers to access and send information through the Internet or Intranet and existing wireless data networks quickly and cost-efficiently. The company, headquartered in Redwood Shores, CA, is privately held. Venture capital investors include Matrix Partners and Greylock. Corporate investors include AT&T Wireless Services, Mitsubishi Electric Corporation, Cirrus Logic and Microware Systems Corporation. For more information, visitU nwired Planet's web site at http://www.uplanet.com.
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 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 customers worldwide. For more information on Qualcomm products and technologies, please visit the Company's web site at http://www.qualcomm.com.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development and commercial implementation of the Company's CDMA technology, continued growth in the CDMA subscriber population and the scale up and operations of CDMA systems, timing and receipt of license fees and royalties, the Company's ability to successfully manufacture significant quantities of CDMA or other equipmenton a timely and profitable basis and those related to performance guarantees, change in economic conditions of the various markets the Company serves, 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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