Apr 30, 2001SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced it has signed non-binding memoranda of understanding (MOUs) with wireless service provider ALLTEL and Korean device manufacturer Telson Electronics. These companies join an impressive list of carriers, handset manufacturers and applications developers that have signed such MOUs indicating interest in Qualcomm's Binary Runtime Environment for Wireless™ (BREW™) applications platform.
"We are thrilled with the opportunity to work with ALLTEL and Telson in providing the consumer with an entirely new and improved wireless Internet experience," said Peggy Johnson, senior vice president of Qualcomm and general manager of Qualcomm Internet Services. "The excitement about the BREW platform is building for carriers, manufacturers, and especially developers, as we move closer to our BREW 2001 developers conference and the commercial release of the BREW Software Development KitTM (SDK) in early May."
Qualcomm will release the Windows®-based SDK to those attending the "BREW 2001: Developer and 3G Technology Conference," May 8-10, 2001, in San Diego. BREW 2001 is now in "sold out" status and Qualcomm is unable to accept any more registrations.
The following applications developers recently signed non-binding MOUs with Qualcomm, and join a long list of BREW developers previously announced (see announcements on Jan. 31, March 20 and April 13, 2001):
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 BREW applications 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 2001 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 extent to which any of the MOUs may result in binding definitive agreements or actual development of products, 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 and the BREW platform is adopted, 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.