NEW ORLEANS -- September 22, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced the introduction of its Globalstar™ fixed satellite phones including the standard model, GSP-2800, and the enhanced model, GSP-2900. The fixed satellite phones use Qualcomm's Code Division Multiple Access (CDMA) technology to operate on the Globalstar satellite communications system. Fixed satellite telephones are ideal for users who live in areas where conventional wireline or terrestrial-based wireless communications solutions are unavailable.
"The advanced products we've unveiled will enable users to communicate seamlessly," said Jerry Beckwith, president, Qualcomm Wireless Systems. "The fixed satellite telephone is an affordable solution, providing subscribers with a versatile and dependable phone for anywhere, anytime global communications."
Users can place or receive calls from both office and residential locations, in rural settings and remote areas where Globalstar service is offered. Additionally, the Qualcomm Globalstar fixed satellite phones are easy to use and offer the crystal clear digital voice quality inherent in CDMA technology.
Globalstar's technology relies on a constellation of 48 satellites which connects with local wireline and cellular service providers to offer communications service virtually anywhere in the world. Globalstar is a limited partnership founded by Loral Space and Communications Ltd. of New York, N.Y. and Qualcomm Incorporated of San Diego, Calif. Globalstar is based in San Jose, Calif. and includes 11 strategic partners representing leading telecommunication service providers and equipment manufacturers.
The Globalstar system is designed to provide affordable satellite-based digital voice services to a broad range of subscribers and users. Globalstar will meet the needs of cellular users and global travelers who roam outside of cellular coverage areas, as well as residents of under-served markets who will use Globalstar's fixed-site phones to satisfy their needs for basic telephony.
Globalstar, led by founding partner Loral Space&Communications, is a partnership of the world's leading telecommunications service providers and equipment manufacturers, including Alenia, China Telecom (HK), DACOM, DaimlerChrysler Aerospace, Elsacom (a Finmeccanica Company), Hyundai, Qualcomm Incorporated, TE.SA.M (a France Telecom/Alcatel company), Space Systems/Loral, and Vodafone AirTouch. For more information, visit Globalstar's web site at www.globalstar.com.
Qualcomm Incorporated (www.qualcomm.com) 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; technology licensing; and satellite-based systems including OmniTRACS(r) and portions of the Globalstar system. Headquartered in San Diego, Calif., Qualcomm is included in theS&PIndex and is a 1999 FORTUNE 500(r) company traded on the Nasdaq under the ticker symbol QCOM.
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.