SAN DIEGO -- October 16, 2002 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today extended its congratulations to China Unicom (NYSE: CHU) following Unicom's announcement that it had reached the milestone of four million subscribers on its nationwide CDMA network.
"We congratulate China Unicom on reaching this important milestone in such a short time," said Dr. Irwin Mark Jacobs, chairman and CEO, Qualcomm. "Achieving this level of commercial success so quickly after one of the most efficient network construction projects in industry history is truly remarkable. This is a testament to the company's capabilities in both engineering and marketing."
"We are confident that China Unicom's upcoming launch of CDMA2000 1X will lead to even greater successes for China Unicom in one of the world's fastest growing and important wireless markets. Qualcomm remains focused on assisting China Unicom in delivering high-quality, high-capacity voice and data to the rapidly expanding customer base, supporting new services and higher ARPU with a broad range of BREW and gpsOne position-location applications that have created so much consumer excitement outside of China," said Dr. Jacobs.
China Unicom's CDMA network was launched in January 2002. China Unicom's milestone comes on the heels of Qualcomm's recent expansion of its operations in China with six senior executives to oversee the Company's growing interests in the region and to support Unicom in the expansion of its CDMA network.
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. 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.