Jul 17, 2000SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
SAN DIEGO -- July 17, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced an amendment to Toshiba's existing CDMA subscriber unit license agreement. Prior to the amendment, Toshiba's CDMA license covered cdmaOne™ applications only. With the amendment, Toshiba's CDMA agreement has now been expanded to grant Toshiba a license under Qualcomm's CDMA patent portfolio to develop, manufacture and sell subscriber units for all modes of the third-generation CDMA standard, including cdma2000 and W-CDMA. Under the terms of the amendment, Toshiba has agreed to pay Qualcomm a multi-million dollar license fee and ongoing royalties as Toshiba begins selling third-generation CDMA equipment. The royalties payable to Qualcomm by Toshiba continue to be the same, irrespective of the licensed CDMA standard.
"Qualcomm's patent portfolio continues to be recognized as essential for development of all proposed third-generation CDMA systems," said Steve Altman, president of Qualcomm Technology Alliances. "With the expansion of Toshiba's license agreement, the CDMA market gains another phone manufacturer for third-generation CDMA networks."
"This extension of our license agreement to support the third-generation CDMA standard demonstrates our commitment to expanding our CDMA product offering," said Takao Kishida, vice president of Mobile Communications and Computing Division of Toshiba. "We believe CDMA will offer our global customer base inherent advantages to meet their needs for superior voice and data communications and we look forward to working closely with Qualcomm to further our development of products to support these efforts."
Toshiba Corporation (http://www.toshiba.co.jp) is a global leader in information and communications systems, electronic components, consumer products, and power systems. The company's integration of these wide-ranging capabilities assures its position as a leading company in notebook PCs, digital audio/visual products, semiconductors, LCD and other advanced devices. Toshiba has 191,000 employees worldwide, and annual sales of over US$ 50 billion.
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 80 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 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.