MIAMI -- September 16, 1998 -- Qualcomm Incorporated (NASDAQ: QCOM), a pioneer and a world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced the opening of a Miami, Fla. office to manage the Company's Latin American sales operations.
"As Qualcomm expands its global presence, we are committed to providing the Latin American market with the most advanced CDMA wireless technology and products," said David J. McDowell, senior vice president of sales for Qualcomm Consumer Products. "Establishing this office will help Qualcomm serve the growing demands of Latin America's highly competitive telecom market."
Qualcomm's CDMA technology has emerged as the fastest growing digital wireless technology in the world and is widely deployed in the region. Today, Qualcomm's innovative phone products are available to consumers in Brazil, Chile, Mexico, Puerto Rico, the Dominican Republic, and Peru. Qualcomm is a leading supplier of CDMA wireless networks for mobile and fixed applications in Latin America, with nationwide deployments underway in Chile and Mexico. Further expansion is expected throughout the region in the coming year.
CDMA technology delivers significant advantages to carriers and consumers, including improved voice quality, enhanced security, fewer dropped calls, and longer talk and standby times. As a result, CDMA's acceptance in the marketplace has grown significantly since the first commercial system was deployed in 1995. Today, more than 60 leading manufacturers worldwide are licensees of Qualcomm's CDMA technology.
"The resources invested in the new Miami office are an indication of the strategic importance of the Latin American region to Qualcomm," said Jim Edson, regional vice president of Latin American operations for Qualcomm's Wireless Infrastructure Division. "We are now even more readily accessible to our customers and look forward to strengthening our relationships with wireless operators throughout the region."
Qualcomm's Miami headquarters is located at 6303 Blue Lagoon Drive, Suite 315, Miami, FL 33126, (305) 269-0688.
Headquartered in San Diego, Qualcomm Incorporated 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 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 visithttp://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, 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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Qualcomm, OmniTRACS, Eudora and Eudora Pro are registered trademarks of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated.
September 16, 1998September 16, 1998