SAN DIEGO -- March 18, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM - news), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that Qualcomm Personal Electronics (QPE), a joint venture between subsidiaries of Qualcomm Incorporated and Sony Electronics Inc., shipped its ten millionth CDMA handset. QPE production accelerated rapidly from startup to the current milestone in less than three and a half years: initial shipments began September 1995, reached 100,000 in May 1996, grew to one million in February 1997, five million in May 1998, and ten million today. Qualcomm's rapid development of CDMA digital phones in conjunction with QPE's dramatic increase in manufacturing volumes indicates both Qualcomm's commitment to manufacturing high-quality wireless digital handsets and the wide acceptance of CDMA technology.
"Qualcomm is proud to celebrate this achievement,'' said Dr. Paul E. Jacobs, president of Qualcomm Consumer Products. "QPE's accelerated ramp up and increased shipping volumes of CDMA digital handsets is indicative of the tremendous success of CDMA technology and increasing carrier demand. QPE's manufacturing and shipping milestones are a testimony to consumer acceptance of CDMA wireless phone products worldwide as well as acknowledgment of Qualcomm's position as one of the world's fastest growing consumer products manufactures.''
"We're happy that our popular phones play a role in this important manufacturing milestone for QPE,'' said Tadao Kubodera, president of Sony Personal Mobile Communications - America. "Sony's understanding of the consumer and its strengths in design and engineering have combined with QPE to create quality CDMA wireless phones.''
QPE, one of the world's largest manufacturers of CDMA digital phones, produces Qualcomm and Sony dual-mode CDMA digital/analog, single-band and dual-band CDMA digital PCS phones for distribution through carriers worldwide. The phones deliver crystal clear voice quality with extended talk and standby times through the CDMA technology developed by Qualcomm. Consumers can have access through their carriers to a variety of advanced services for their phones, including incoming caller ID, short messaging service (SMS), voice mail alerts and future access to email and the Internet.
Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's major business areas include CDMA phones; integrated CDMA chipsets and system software; wireless infrastructure; technology licensing; and satellite-based systems including OmniTRACS® and portions of the Globalstar™ system. Qualcomm is headquartered in San Diego, Calif. Qualcomm's fiscal 1998 revenues exceeded U.S. $3 billion. For more information, 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 27, 1998 and most recent Form 10-Q.
Qualcomm and OmniTRACS are registered trademarks and QCP is a trademark of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated.