Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today congratulates Verizon Wireless on the company's announcement of the planned commercial deployment of CDMA2000 1xEV-DO services in San Diego and Washington, D.C., that will bring high-speed wireless connectivity to enterprises at multi-megabit peak rates.
Networks based on this technology can support more demanding applications, such as Sales Force Automation, Customer Relationship Management, Enterprise Resource Management and large file attachments, helping enterprise users communicate fast and securely.
"We congratulate Verizon Wireless on their plans to roll out CDMA2000 1xEV-DO services," said Jeff Jacobs, president of global development for Qualcomm. "CDMA2000 1xEV-DO offers companies ways to improve service, increase productivity and gain a competitive edge. With speeds competitive to wired broadband coupled with the benefits of mobility, we are confident that there will be demand for CDMA2000 1xEV-DO for the enterprise throughout North America."
"CDMA2000 1xEV-DO technology enables us to help our customers increase their productivity and efficiency by providing secure and fast access to corporate networks from virtually anywhere," said Dick Lynch, executive vice president and chief technical officer for Verizon Wireless.
Qualcomm supports CDMA2000 1xEV-DO with chipsets and system software solutions that are shipping commercially to manufacturers. The MSM5500™ solution is enabling a variety of wireless devices, including wireless handsets, camera phones, PDAs and PC cards for use in laptop and handheld computers, and an array of applications meeting the needs of businesses and consumers. CDMA2000 1xEV-DO is compatible with cdmaOne™ and CDMA2000 networks, thus leveraging existing networks, and enabling operators to obtain higher capacities and superior performance by optimizing for packet data services. For more examples of CDMA2000 1xEV-DO products, visit http://www.3gtoday.com/devices/DevicesByTechnology.html.
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, 2002 and most recent Form 10-Q.