SAN DIEGO -- August 9, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology and Handspring, Inc. (Nasdaq: HAND), a leading innovator in the handheld computer industry, today announced that they have entered into a CDMA license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted Handspring a license to develop wireless solutions, utilizing Qualcomm's CDMA air-interface technologies and patents.
"Qualcomm is pleased to license its technology to Handspring," said Steve Altman, president of Qualcomm Technology Alliances. "Handspring's leadership in developing innovative wireless-ready handheld solutions further supports Qualcomm's vision of bringing innumerable applications to consumers and businesses through CDMA-enabled devices. We look forward to working with Handspring to help fuel the growth of CDMA worldwide."
"Over time, all handheld computing products will become wirelessly enabled and Qualcomm's CDMA technology provides a great path for enabling these solutions," said Ed Colligan, senior vice president of marketing and sales for Handspring. "One of the key design advantages of our Springboard expansion technology is its ability to work with multiple wireless standards. We look forward to working with Qualcomm and our Springboard developer community to help fuel the next-generation of wireless communications solutions."
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 the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, 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.