NEW ORLEANS -- February 28, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that it has entered into a Code Division Multiple Access (CDMA) worldwide subscriber unit license agreement with Taiwan-based Compal Electronics, Inc. Under the terms of the multi million dollar, royalty-bearing agreement, Qualcomm has granted Compal Electronics a license under Qualcomm's CDMA technology and patents to develop, manufacture and sell subscriber unit products for CDMA wireless applications, including cellular, Personal Communications Services (PCS) and wireless local loop.
"We look forward to Compal Electronics making significant contributions to the rapidly expanding CDMA marketplace," said Steve Altman, executive vice president and general manager of Qualcomm's Technology Licensing Division.
"Qualcomm's CDMA technology will enable Compal to capitalize on our strong manufacturing capability, and to develop and enhance our products for wireless communications and mobile computing," said Ray Chen, president and CEO of Compal.
Compal Electronics is a leading manufacturer of high-quality notebook computers, CRT and LCD monitors with established global logistics networks in the United States and Europe. Compal Electronics has gained international recognition specializing in Original Design Manufacture (ODM) and Original Equipment Manufacture (OEM) of notebook computers.
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. Qualcomm owns patents which are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. Qualcomm has licensed its essential CDMA patent portfolio to more than 75 telecommunications equipment manufacturers worldwide. 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.