Nov 17, 1998SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
SAN DIEGO November 17, 1998 Qualcomm Incorporated (NASDAQ: QCOM) today announced that its Brazilian subsidiary, Qualcomm do Brasil, signed anagreement with TELESP (São Paulo Stock Exchange: TLSP), the primary telecommunications public utility concession in the State of São Paulo, Brazil, for Qualcomm's 800 MHz dual-mode CDMA digital handsets, valued up to $35 million. TELESP will be the first Brazilian carrier to introduce the 800 MHz Q™ phone, which operates in both CDMA digital and analog cellular systems. The phones will be supplied through Qualcomm do Brasil.
"Qualcomm's agreement with TELESP represents an exciting step forward for both companies,' said Dr. Paul E. Jacobs, president of Qualcomm ConsumerProducts. "Qualcomm is committed to the Brazilian marketplace, and the 800 MHz Q phone will provide superior digital service as well as analogcapability, allowing TELESP to meet the digital needs of its customers immediately while providing analog service in areas not yet covered bydigital service.' The dual-mode 800 MHz Q phone, which switches automatically between CDMA digital and analog cellular systems, is a sleek, palm-sized folding phone. It features an integrated antenna and provides voice quality similar to that of a landline phone. The 800 MHz Q phone's CDMA digital encoding provides reduced interference with fewer dropped calls as well as enhanced call privacy and security.
TELESP, the largest telecommunications company in Brazil, was founded in April 1978. Today, Telesp is present in 583 municipalities and servesapproximately 30 million people in the State of São Paulo.
Based in Sao Paulo, Brazil, Qualcomm do Brasil is a subsidiary of Qualcomm Incorporated. Qualcomm do Brasil oversees manufacturing, sales andmarketing of Qualcomm CDMA digital phones and marketing and sales of CDMA infrastructure for CDMA digital carriers in Brazil and greater Latin America. Qualcomm phones are marketed and sold in Brazil, the United States and other countries throughout the world.
Qualcomm Incorporated (NASDAQ: QCOM) is a leader in developing and delivering innovative digital wireless communications products and servicesbased on the Company's CDMA digital technology. The Company's major business areas include CDMA phones; Application Specific IntegratedCircuits (ASICs); wireless infrastructure; technology licensing; and satellite-based systems including OmniTRACS® and portions of theGlobalstar™ system. Qualcomm is headquartered in San Diego, Calif. Qualcomm's fiscal 1998 revenues exceeded U.S. $3 billion. For moreinformation, please visit the Company's web site athttp://www.qualcomm.com.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks anduncertainties, including timely product development, the Company's ability to successfully manufacture significant quantities of CDMA or otherequipment on a timely and profitable basis and those related to performance guarantees, change in economic conditions of the various markets theCompany 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 yearended September 27, 1998 and most recent Form 10-Q.
# # #
Qualcomm and OmniTRACS are registered trademarks and Q-800 is a trademark of Qualcomm Incorporated. Globalstar is a trademark of Loral QualcommSatellite Services, Incorporated. All other trademarks are the property of their respective owners.