Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, congratulates Verizon Wireless on its plan to commercially deploy CDMA2000 1xEV-DO services nationwide. The third-generation (3G), high-speed data network, marketed under the name BroadbandAccess, will be available to customers in major markets this summer, with continued deployments across the nation throughout 2004 and 2005.
The nationwide deployment of BroadbandAccess comes on the heels of Verizon Wireless' successful commercial deployments in San Diego and Washington, D.C. in October 2003, which signified the first time that CDMA2000 1xEV-DO access was made available in any major metropolitan area in the United States.
"Verizon Wireless' plan to deploy CDMA2000 1xEV-DO nationwide marks an exciting time for wireless data subscribers in the United States," said Tony Thornley, president and COO of Qualcomm. "Wireless subscribers in San Diego and Washington, D.C. have already experienced the extraordinary performance of Verizon Wireless' BroadbandAccess services. Now, mobile professionals and consumers across the nation will enjoy wireless services delivered with broadband-like speeds."
CDMA2000 1xEV-DO is a data-optimized evolution of CDMA2000 that provides multi-megabit peak rates and average rates of hundreds of kilobits per second at a lower cost per bit than any other 3G technology available today, an increasingly important factor as wireless services become richer in content. Qualcomm supports CDMA2000 1xEV-DO with a broad range of chipsets and system software solutions, such as the MSM5500™, MSM6500™MSM6550™ and MSM6800™. These highly integrated chipsets enable 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. Qualcomm's CDMA2000 1xEV-DO solutions harness the true value of high data networks by supporting the advanced feature set of Qualcomm's Launchpad™ suite of technologies, encompassing advanced multimedia, connectivity, position location, user interface and removable storage capabilities. For more examples of CDMA2000 1xEV-DO products, visit www.3gtoday.com/devices/DevicesByTechnology.html.
CDMA2000 1xEV-DO is compatible with cdmaOne™ and CDMA2000® and enables operators to obtain higher capacities and superior performance by optimizing for packet data services. In addition to the United States, CDMA2000 1xEV-DO networks have been commercially deployed in South Korea, Japan and Brazil.
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 possibility of changes in the Company's investments, 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 28, 2003, and most recent Form 10-Q.