SAN DIEGO -- October 26, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA), today announced amendments to Fujitsu's existing CDMA subscriber and infrastructure licensing agreements which expand the licenses under Qualcomm's CDMA patent portfolio to include the development, manufacture and distribution of subscriber and infrastructure equipment for third-generation CDMA (WCDMA, cdma2000, TD-SCDMA) products. Prior to these amendments, Fujitsu's CDMA licenses covered only products for cdmaOne™ applications. Under the terms of the amendments, Fujitsu will pay Qualcomm a license fee and ongoing royalties at the same rates irrespective of the licensed CDMA standard.
"With the amendment to their existing licensing agreement, Fujitsu is now well positioned to use CDMA to support advanced third-generation voice and data communications services as they roll out over the next year," said Steve Altman, president of Qualcomm Technology Alliances.
Fujitsu Limited (TSE: 6702) is a leading provider of Internet-based information technology solutions for the global marketplace. Comprising over 500 group companies and affiliates worldwide, it had consolidated revenues of 5.26 trillion yen ($49.6 billion) in the fiscal year ended March 31, 2000.
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 chipset 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 90 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.