Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has signed an agreement with U S WEST Wireless, LLC (NYSE: USW), valued up to $100 million, for the purchase of Qualcomm's family of Code Division Multiple Access (CDMA) PCS digital phones over a one-year period. Under the terms of the agreement, U S WEST Wireless will exclusively market Qualcomm's phones to U S WEST Communications' residential wireline customers. This alliance marks the first exclusive agreement for both Qualcomm and U S WEST Wireless.
Peter Mannetti, president of U S WEST Wireless, said, "We're excited to work with Qualcomm to jointly develop customized solutions that will allowus to deliver on our commitment to our customers to provide superior PCS wireless products and services."
Dr. Paul E. Jacobs, president of Qualcomm's Subscriber Products Division, stated, "We are thrilled to launch this agreement with U S WEST Wireless. This strategic relationship affords both Companies the unique opportunity to collaborate on developing innovative solutions to meet the needs of U S WEST customers."
Qualcomm offers the world's broadest line of advanced CDMA digital subscriber products and support tools available. Qualcomm's popular family of digital phones includes state-of-the-art CDMA mobile phones and digital fixed wireless phones. Every Qualcomm phone delivers exceptional voice quality and enhanced security, and is upgradable to support a broad range of data capabilities.
U S WEST, Inc.
U S WEST, Inc. is the parent company of two major operating groups. U S WEST Communications provides telecommunications services to 25 million customers in 14 western and midwestern states. U S WEST's other major group, MediaOne Group, is involved in domestic and international cable and telephony, wireless communications and directory publishing and information services. The two groups are currently tracked by separate classes of target stock. U S WEST, Inc. plans to split the two groups into separate public companies by year-end 1998, pending shareowners' and others' approval.
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, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on 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 28, 1997 and most recent Form 10-Q.
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