SAN DIEGO -- March 8, 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 INTERCUBE Co., Ltd. Under the terms of the royalty-bearing agreement, Qualcomm has granted INTERCUBE a worldwide license under Qualcomm's CDMA technology and patents to design and market innovative solutions for second and third-generation (3G) CDMA (cdma2000, cdma2000 1xEV, TD-SCDMA, WCDMA) applications. INTERCUBE will pay Qualcomm ongoing royalties at the same rates for second generation and 3G equipment, irrespective of the licensed CDMA standard implemented.
"Numerous companies worldwide have recognized the importance of Qualcomm's CDMA digital wireless technology for advanced voice and data communication products and solutions," said Steve Altman, president of Qualcomm Technology Alliances. "We are pleased to have INTERCUBE join the growing list of companies who plan to create and develop innovative products based on Qualcomm's CDMA technology."
"This agreement will enhance INTERCUBE's product offerings and help expand our capabilities in developing wireless solutions that will help to fulfill the increasing demand for wireless Internet access," said Mr. Vincent Chun, chief marketing officer for INTERCUBE. "We look forward to working with Qualcomm in an effort to provide next-generation products that support the CDMA market."
INTERCUBE Co., Ltd., a leading venture company of wireless communication products in Korea, is developing and manufacturing CDMA-based mobile handsets and data modem cards for the worldwide market. INTERCUBE successfully launched the smallest and lightest CDMA mobile phone in the world last year and obtained over seven percent market share in the Korea market, which is usually regarded as the most competitive CDMA mobile phone market in the world.
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; 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 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.