Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that Siemens Communications, the telecommunications group within Siemens AG, will build a range of wireless multimedia handsets based on chipsets from Qualcomm’s WCDMA (UMTS) Mobile Station Modem™ (MSM™) portfolio.
“Siemens has a long tradition of providing high quality products, and our selection of Qualcomm’s chipsets will enable us to continue that tradition,” said Thorsten Heins, Member of the Board of Siemens Communications. “Qualcomm’s WCDMA (UMTS) product portfolio provides us with the ability to create multiple products across varied market segments while reducing development costs.”
“This agreement is another endorsement of the quality achieved by the rigorous end-to-end modem and applications testing that Qualcomm is known for in the industry,” said Dr. Sanjay K. Jha, president of Qualcomm CDMA Technologies. “We’ve developed a long-term WCDMA (UMTS) strategy that expands our portfolio to include EDGE, HSDPA and Enhanced Uplink — providing our customers with solutions that achieve their short- and long-term goals.”
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 the S&P 500 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 28, 2003, and most recent Form 10-Q.