SAN DIEGO -- Nov. 30, 1999 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, DSP Communications Inc. and Intel Corporation today announced that the companies have entered into an agreement for the continuation, following the acquisition of DSPC by Intel, of a CDMA ASIC patent license signed by Qualcomm and DSPC in 1995. The 1995 agreement granted DSPC a royalty-bearing license under certain of Qualcomm's patents to make and sell CDMA ASICs to Qualcomm's subscriber terminal licensees and granted Qualcomm a cross-license for CDMA ASICs under DSPC's patents. Under the new agreement, DSPC would continue to hold the royalty-bearing license as a wholly owned subsidiary of Intel and Qualcomm would be extended licenses under certain of Intel's patents.
In addition, Qualcomm and Intel have agreed to cooperate to explore opportunities to expand the market for CDMA through the promotion and adoption of CDMA wireless connectivity for use in data and multimedia communication services.
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® and portions of the Globalstar™ system. Headquartered in San Diego, Calif., Qualcomm is included in theS&P500 Index and is a 1999 FORTUNE 500® company traded on the Nasdaq under the ticker symbol QCOM.
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at: www.intel.com/pressroom.
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 26, 1999, and most recent Form 10-Q.
Qualcomm and OmniTRACS are registered trademarks of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated. All other marks are the property of their respective owners.
November 30, 1999November 30, 1999