WAALRE -- September 29, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), the leader in mobile communications for the transportation industry, today announced the purchase of assets from Alcatel Mobicom, a mobile satellite data communications systems and services provider for the European trucking market and part of Alcatel Space. Qualcomm Wireless Business Solutions Europe, headquartered in The Netherlands, will now service and support the customer base of Alcatel Mobicom. With this acquisition, Qualcomm Wireless Business Solutions Europe becomes one of the largest providers of fleet management solutions across Europe. Terms of the agreement were not disclosed.
"Qualcomm and ALCATEL will cooperate fully to ensure that this transition is seamless for the customers that Qualcomm will now support," said Tom Armenti, vice president and general manager of international operations for Qualcomm Wireless Business Solutions. "By consolidating the systems that exist today, we can continue to invest in our high-quality, pan-European service and support network and increase our ability to provide state-of-the-art wireless solutions for European transportation companies now and well into the future."
Qualcomm has helped the transportation industry become more efficient since 1988, when the introduction of the OmniTRACS® mobile communications system provided transportation companies with an innovative and effective way of managing logistics. Its fleet management solutions continue to set the standard by offering products and services that meet the demands of a constantly changing marketplace. Qualcomm's OmniTRACS system is a satellite-based mobile communications and tracking system that provides real-time messaging and position reporting between fleets and their operations centres. Messages are sent via satellite through Eutelsat's Network Management Centre to dispatch centres throughout Europe. The EutelTRACS™ system is an interactive, fully integrated information management system that includes two-way mobile communications, satellite tracking and fleet management software. To date, Qualcomm has shipped over 480,000 OmniTRACS mobile communications system units worldwide.
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 is a 2003 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 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.
Qualcomm and OmniTRACS are registered trademarks of Qualcomm Incorporated. EutelTRACS is a trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
September 29, 2003September 29, 2003Qualcomm to Acquire ALCATEL's Assets in the Trucking Fleet Management BusinessQualcomm to Acquire ALCATEL's Assets in the Trucking Fleet Management Business