SAN DIEGO -- November 20, 2000 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced it has entered into a CDMA license agreement with eAnywhere Telecom. Under the terms of the multi-million dollar, royalty-bearing agreement, Qualcomm has granted eAnywhere a license under Qualcomm's CDMA technology and patents to develop, manufacture and sell subscriber unit and modem card products for IS-95, cdma2000 and 1xEV (HDR) applications.
"Qualcomm is pleased to license its CDMA technology to eAnywhere Telecom for the development of innovative products to support voice and data communications services," said Steve Altman, president of Qualcomm Technology Alliances. "As these services roll out over the next twelve months, eAnywhere will be well-positioned to meet the growing demand for advanced wireless mobile access."
"We anticipate eAnywhere Telecom to be a valuable addition to the worldwide growth for the CDMA market," said Dr. Peter Siao, president and CEO of eAnywhere Telecom, Inc. "As the wireless industry migrates toward cdma2000, we are confident that eAnywhere will be a key player in exploiting 3G cellular and PCS standards utilizing CDMA technology."
eAnywhere Telecom, Inc. is an innovator and manufacturer of next-generation digital wireless communications devices. eAnywhere Telecom Group is unique in that it has operations in North America, South America and Asia. eAnywhere Telecom investments include 3G Cellular, Inc., an R&D facility in San Diego, Calif., eMobile, Inc., a Shanghai-based manufacturing facility, and Galaxy Information Technology, Inc., an R&D center located in Beijing, China. Global operations allow the Company to take advantage of the high tech resources and emerging technologies available in San Diego's "Wireless Valley" while having direct access to China's tightly controlled handset market and its low cost manufacturing and distribution channels. Built in the international arena, on a solid business and technical platform, eAnywhere Telecom, Inc. is positioning itself to be the leading provider of wireless communication devices with wireless Internet applications for emerging global markets.
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; digital cinema systems; and 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 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 24, 2000, and most recent Form 10-Q.