SAN DIEGO -- February 13, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced an amendment to DENSO CORPORATION's existing CDMA subscriber unit license agreement, which expands the licenses under Qualcomm's CDMA patent portfolio to additionally include the development, manufacture and sale of subscriber units for third-generation (3G) CDMA (cdma2000, cdma2000 1xEV, TD-SCDMA, WCDMA). Under the terms of the amended agreement, DENSO will pay Qualcomm a license fee and ongoing royalties at the same rate irrespective of the standard supported by the licensed CDMA subscriber unit.
"Qualcomm is pleased to extend DENSO's license agreement to include 3G CDMA subscriber units," said Steve Altman, president of Qualcomm Technology Alliances. "DENSO's expertise in developing and manufacturing CDMA products will provide significant contributions to the expanding wireless industry."
DENSO, a global automotive supplier of advanced technology, systems and components, is also a manufacturer of wireless communications products. Worldwide, DENSO employs more than 81,000 people in 26 countries, including Japan. Consolidated global sales for the fiscal year ending March 31, 2000 totaled US$17.8 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 CDMA integrated circuits and system software; technology licensing; Eudora® e-mail 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 95 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.