SAN DIEGO -- March 8, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced it has entered into a cdma2000 1xEV design transfer agreement with Motorola Inc. (NYSE: MOT) for the development and design of cdma2000 1xEV infrastructure modem card equipment that will enable high-speed wireless Internet access.
"We are pleased that another global wireless leader supports 1xEV technology," said Jeff Jacobs, senior vice president of business development for Qualcomm. "This agreement enhances the partnership between Motorola and Qualcomm, and it will enable Motorola to meet the growing demand for wireless data services while offering its customers a cost-effective means for upgrading their current networks."
"CDMA has proven capabilities and superior performance that will allow Motorola to develop high-speed wireless network solutions and help strengthen its position as a major provider of 1xEV infrastructure equipment," said John Cipolla, vice president and general manager of Motorola's CDMA Systems Division. "We look forward to working with Qualcomm and expanding our strategic relationship to help foster CDMA, the technology of choice for next-generation voice and data services."
cdma2000 1xEV, based on Qualcomm's High Data Rate technology, provides a spectrally efficient 2.4 Mbps peak rate in a standard 1.25 MHz channel bandwidth for fixed, portable and mobile applications. Optimized for packet data services, 1xEV incorporates a flexible architecture based on standard Internet Protocols (IP). 1xEV offers third-generation data services and supports e-mail, web browsing, mobile e-commerce, telematics and many other applications, while offering end users continuous, untethered, always-on access to the Internet and next-generation data services.
Motorola, Inc. (NYSE: MOT) is a global leader in providing integrated communications solutions and embedded electronic solutions. Sales in 2000 were $37.6 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; the Binary Run-time Environment for Wireless™ (BREW™) applications development platform; Eudora® e-mail software; 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 100 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 1xEV components on a timely and profitable basis, the extent and speed to which 1xEV 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.