SAN DIEGO -- June 20, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that it has entered into a CDMA modem card license agreement with Seiko Instruments Inc. Under the terms of the royalty-bearing agreement, Qualcomm has granted Seiko Instruments a license under certain Qualcomm intellectual property to develop, manufacture and sell modem card products for wireless applications utilizing CDMA air-interface technologies.
"Qualcomm is pleased to license Seiko Instruments to manufacture and sell CDMA modem card products," said Steve Altman, president of Qualcomm Technology Alliances. "This license will allow Seiko Instruments to expand its product offering and help fuel the continued growth of CDMA wireless technologies. We look forward to working with Seiko Instruments as they begin to participate in the worldwide CDMA market."
"Seiko Instruments plans to introduce CDMA-based modem products that could provide our customers with wireless connectivity for their computers, PDAs and other portable communications devices," said Takaaki Yamamoto, general manager of Mobile Communication Systems Department. We are pleased to be able to license this world-class technology from Qualcomm and develop CDMA products that meet our objectives and deliver exceptional products for the wireless marketplace."
CDMA is the fastest growing digital technology today serving nearly 60 million subscribers worldwide. It has gained worldwide acceptance by offering capacity, coverage and voice quality advantages over other wireless technologies. As the primary developer of CDMA technology and a leading manufacturer of CDMA products and services, Qualcomm continues to drive the design, direction, standardization, research and development of CDMA. Qualcomm currently licenses CDMA technology to more than 75 companies.
Seiko Instruments Inc. (www.sii.co.jp) is an integrated provider of consumer electronic products, information devices and systems, components, and production equipment. Seiko Instruments was founded in 1937, has 5700 employees and annual sales of 192B yen. Headquartered in Japan, the company has sales and service facilities throughout the world.
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 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 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.