SAN DIEGO -- January 19, 2001 -- 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 Matsushita Electronic Components Co., Ltd. Under the terms of the royalty-bearing agreement, Qualcomm has granted Matsushita Electronic Components a worldwide license under Qualcomm's CDMA technology and patents to build, develop, manufacture and distribute modem cards for current and third-generation (WCDMA, cdma2000, TD-SCDMA) and cdma2000 1xEV applications. The royalties payable by Matsushita Electronic Components are the same irrespective of the CDMA generation and standard implemented in the modem card.
"Qualcomm is pleased to work with Matsushita Electronic Components as they develop products that support the growing CDMA wireless market," said Steve Altman, president of Qualcomm Technology Alliances. "This license agreement further validates Qualcomm's patent portfolio as essential to all the proposed CDMA standards, and will allow Matsushita Electronic Components the ability to meet the wireless Internet needs of its customers."
"The demand for wireless Internet connectivity in the CDMA marketplace is growing rapidly," said Kevin Utsunomiya, general manager, Matsushita Electronic Components. "Through this newly formed alliance, Matsushita is provided the opportunity to offer the CDMA-enabled devices that are necessary to keep pace with this demand."
Japan-based Matsushita Electronic Components Co., Ltd. is a wholly owned subsidiary of Matsushita Electric Industrial Co., Ltd. (MEI) (NYSE: MC), one of the world's leading producers of electronic and electric products for consumer, business and industrial use.
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 CDMA integrated circuits 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 CDMAwireless 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 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 24, 2000, and most recent Form 10-Q.