SAN DIEGO -- February 23, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that it has entered into a worldwide Code Division Multiple Access (CDMA) subscriber unit license agreement with Telson Information&Communications (I&C) Co., Ltd. of Seoul, Korea. Under the terms of the multi-million dollar, royalty-bearing agreement, Qualcomm has granted Telson I&C a license under Qualcomm's proprietary CDMA technology and patents to develop, manufacture and sell subscriber unit products for cdmaOne™, cdma2000™ and High Data Rate (HDR) air interface technologies. The license also includes the rights to develop, manufacture and sell CDMA data modem cards for wireless data and voice applications.
"Qualcomm's CDMA and HDR technologies will enable wireless Internet access for devices, such as mobile phones, to meet or exceed many of the IMT-2000 specifications," said Seo Yong Yoon, president of Telson Information and Communications Company Ltd. "Licensing Qualcomm's CDMA technologies will enable Telson to expand its wireless product offerings by providing high-speed wireless access to the Internet, which we expect to be a rapidly growing market."
"This agreement with Telson demonstrates yet another manufacturer's commitment to Qualcomm's CDMA and HDR technologies for existing and future wireless services," said Steve Altman, executive vice president and general manager of Qualcomm's Technology Transfer and Strategic Alliances Division.
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 business areas include integrated CDMA chipsets and system software; technology licensing; Eudora® email software for Windows® and Macintosh® computing platforms; 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.
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.