NEW ORLEANS -- February 28, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced a new product for the Globalstar system, a GSP-1620 Satellite Packet Data Modem. Qualcomm's Globalstar Packet Data Modem is designed to deliver clear and reliable digital data communications for urban and remote areas, using Qualcomm's CDMA technology and the Globalstar Satellite Communications System.
"The introduction of Qualcomm's Globalstar Packet Data Modem demonstrates Qualcomm's ongoing commitment to ensure that the Globalstar Communications System supports both voice and data applications," said Jerry Beckwith, president of Qualcomm Wireless Systems. "This product is a significant milestone, because this enables Globalstar to be one of the first satellite systems to offer packet data and Internet services."
The satellite-based Packet Data Modem will provide a reliable, wireless data link to remote locations, where terrestrial wireless infrastructure and landlines are inaccessible or unavailable. In addition to communicating with field equipment, users can also monitor, track, operate, manage and control their remote assets. The telemetry industry of Supervisory Control and Data Acquisition (SCADA) will have access to a new product designed to solve multiple applications. Commands may be sent over the Globalstar System in order to change software reporting parameters and reporting of information. Qualcomm's Globalstar Packet Data Modem offers customers, OEMs and VARs an opportunity to add additional value to their products. Production quantities are planned for this fall. Accessories include a developer's kit for accelerated time to market, a diagnostic monitor and a Product Support Tool (PST) for configuring the modem.
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.
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