SAN DIEGO -- August 26, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Siemens Aktiengesellschaft (NYSE: SI) today announced that they have modified the terms of their existing CDMA cross-license agreement.
The terms of the multi-million dollar expansion grants the Siemens Information and Communication Mobile Group (IC Mobile) a royalty-bearing license under Qualcomm's patents to make and sell infrastructure and subscriber equipment for CDMA wireless systems. The expansion also grants Qualcomm royalty-free rights under Siemens' patents to market and sell CDMA components, including multimode chipsets. Under the new agreement, the Subscriber Unit royalty rate will be the same, irrespective of the standard implemented.
"Siemens has a long-standing history of bringing innovative technologies to many markets across the globe," said Steve Altman, president of Qualcomm Technology Licensing. "We are pleased to expand the Siemens license agreement, and look forward to Siemens' contributions as they market their successful third-generation wireless products and solutions."
"Siemens is a leading equipment supplier for existing wireless systems and expects to continue its success as third-generation networks roll out across the globe," said Lothar Pauly, board member of Siemens IC Mobile. "This license agreement further improves Qualcomm's position to successfully market their third-generation multimode components."
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 Binary Runtime Environment for Wireless™ (BREW™) applications platform; QChat™ push-to-talk technology; 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 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 30, 2001, and most recent Form 10-Q.
Qualcomm, OmniTRACS, OmniExpress and Eudora are registered trademarks of Qualcomm Incorporated. BREW and QChat are trademarks of Qualcomm Incorporated. Globalstar is a trademark of Loral Qualcomm Satellite Services, Incorporated. All other trademarks are the property of their respective owners.
August 26, 2002August 26, 2002