SAN DIEGO -- October 22, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that it has signed non-binding memoranda of understanding (MOUs) with Japanese phone manufacturers Hitachi, Ltd., Panasonic and Toshiba. Game developer Sega Corporation, a leading publisher of interactive entertainment worldwide, Canadian wireless operator Saskatchewan Telecommunications (SaskTel), Korean OEMs INTERCUBE Co. Ltd. and Etronics Corp., also join the growing list of companies who have communicated their support for Qualcomm's Binary Runtime Environment for Wireless™ (BREW™) applications platform.
"We are excited to add to our growing list of device manufacturers and application developers that are supporting the BREW platform," said Gina Lombardi, senior vice president of marketing and product management for Qualcomm Internet Services. "As BREW-enabled services become commercially available, interest from additional companies continues to grow, as demonstrated by the more than 6,500 downloads of the BREW Software Development Kit."
Qualcomm's BREW platform is a thin, standardized execution environment that resides in handsets. Native BREW applications are written in C/C++. While BREW supports programming in other languages, such as Java, C/C++ is used as a primary language by significantly more developers worldwide than any other language, according to International Data Corp. Qualcomm's BREW initiative is the only approach that offers developers, OEMs and carriers a complete, end-to-end solution for wireless applications development, device configuration, application distribution, and billing and payment. The complete BREW solution includes the BREW Software Development Kit™ (SDK) for developers, the BREW application platform and porting tools for device manufacturers, and the BREW Distribution System (BDS) that enables developers and their carrier customers to get applications to market and coordinates the billing and payment processes for them. Carriers' BREW-based services will enable consumers to customize their handsets by downloading applications over the air from a carrier's application download server.
Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics companies, with fiscal 2000 (ended March 31, 2001) consolidated sales of 8,417 billion yen ($67.9 billion*). The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi's Web site at http://global.hitachi.com.
*At an exchange rate of 124 yen to the dollar.
Matsushita Communication Industrial Co. Ltd., a consolidated subsidiary of Matsushita Electric Industrial Co. Ltd., best known for its Panasonic-brand products, is one of the world's leading manufacturers of mobile phones for the global market. The company's contributions to the mobile communications industry include 3G wireless infrastructure products, information platforms and terminal products for mobile multimedia. It is also working with other leading mobile communication manufacturers on the Symbian project, whose goal is to develop an operating system for mobile information terminals. For more information about Panasonic's mobile communications, visit their website at www.mci.panasonic.co.jp/english.
Sega Corporation is a nearly $2.5 billion company recognized as the industry leader in interactive digital entertainment media, offering interactive entertainment experiences both inside and outside the home. Sega's Web site is located at http://www.sega.co.jp/.
Toshiba Corporation is a leader in information and communications systems, electronic components, consumer products and power systems. The company's integration of these wide-ranging capabilities assures its position as an innovator in advanced components, products and systems. Toshiba has 188,000 employees worldwide and annual sales of over US$47 billion. Visit Toshiba's Web site at: www.toshiba.co.jp/index.htm.
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 chipsets 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.