May 24, 2000SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
SAN DIEGO -- May 24, 2000 -- In a move designed to drive the commercialization of High Data Rate (HDR) technology, Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Samsung today announced that Samsung will support the development and deployment of HDR for high-speed wireless Internet access globally.
"We are pleased to continue working with Qualcomm to make third-generation wireless communications a reality," said Young Ky Kim, vice president, Telecommunications R&D Center, Information and Communications business, Samsung Electronics, Ltd. Qualcomm's 1x HDR and 1x MC solution will enable us to offer our customers high-speed, high-performance Internet services and enhanced voice capacity while preserving their investments in existing CDMA systems."
"We are committed to supporting Samsung's plans to develop and trial 1x HDR systems and equipment," said Jeff Jacobs, senior vice president of business development, Qualcomm. "Samsung's decision signifies another leading manufacturer's recognition of HDR as the solution for high-speed wireless Internet access."
HDR provides a spectrally efficient 2.4 Mbps peak rate in a standard 1.25 MHz channel bandwidth for fixed, portable and mobile applications. Optimized for packet data services, HDR incorporates a flexible architecture based on standard Internet Protocol (IP). HDR is an evolution of CDMA technology with identical radio frequency characteristics as cdmaOne™ and 1x Multi-Carrier. HDR supports e-mail, web browsing, mobile e-commerce, telematics and many other applications while offering end users continuous, untethered, always-on access to the Internet and next-generation data services.
Samsung Electronics Co., Ltd., with 1999 sales revenue of US$22.8 billion is a world leader in the electronics industry. The Korea-based concern has operations in about 50 countries with 54,000 employees worldwide. The company consists of three main business units: Digital Media, Semiconductors and Information&Communications Businesses. For more information, please visit our website, http://samsungelectronics.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 business areas include integrated CDMA chipsets and system software; technology licensing; Eudora® email software for Windows® and Macintosh® computing platforms; satellite-based systems including portions of the Globalstar™ system and wireless fleet management systems, OmniTRACS® and OmniExpress™. Qualcomm owns patents that 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 2000 FORTUNE 500® company traded on The Nasdaq Stock Market® 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.