SAN DIEGO -- February 22, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced an amendment to YISO Telecom Co.'s existing CDMA modem card license agreement. Prior to the amendment, YISO Telecom Co.'s CDMA license covered only cdmaOne™ products. Under the terms of the royalty-bearing amendment, Qualcomm has granted YISO an amendment to expand its existing licenses under Qualcomm's CDMA patent portfolio to include the design and market of third-generation (3G) CDMA (e.g. cdma2000, cdma2000 1xEV, TD-SCDMA, WCDMA) modem cards. The royalties payable by YISO, are the same for 3G as those for second-generation equipment, irrespective of the licensed CDMA standard.
"By expanding its license agreement, YISO Telecom is now strategically positioned to use Qualcomm's CDMA technology to help fulfill the demand for Internet connectivity in the rapidly growing wireless industry," said Steve Altman, president of Qualcomm Technology Alliances. "We look forward to working with YISO Telecom for the advancement of 3G CDMA technologies."
"YISO Telecom is pleased to extend its license with Qualcomm to include 3G CDMA technology, which is key to developing high-speed wireless Internet solutions and modems for advanced voice and data applications," said Kyung-Min Yoo, president of YISO Telecom Co. "This license is evidence of YISO Telecom's commitment to support the growing demands for wireless Internet access."
Established in October 1999, Yiso Telecom Co., Ltd. is focused on the development, production and sales of information and communications devices. Yiso Telecom was the first company to develop a CDMA-based wireless modem, FreeWing, that not only integrates with notebook PCs, but also Personal Digital Assistants (PDAs), credit card readers, parking meters, mobile ATMs, vending machines, meter readers and automobiles.
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.