Qualcomm Incorporated (Nasdaq: QCOM) stated that the claims in a Korea Times article (December 1, 2005) indicating that certain Korean manufacturers' obligations to pay royalties to Qualcomm under their respective license agreements will expire in 2006 for sales in Korea and 2008 for exports from Korea are not correct. While Qualcomm cannot disclose confidential details of its license agreements, the royalty obligations that Korean manufacturers have with Qualcomm will continue beyond such dates, and there is no date on which a license under all of Qualcomm's patents becomes royalty free.
Qualcomm's licensing program has fostered the widespread adoption of leading-edge technologies and promoted vibrant competition throughout the wireless industry, encouraging innovation, technological advancement and vigorous price competition. Qualcomm has entered into more than 130 license agreements with the world's leading manufacturers of wireless equipment. Qualcomm is very pleased that its Korean partners have, by combining Qualcomm's patented technology with their own developments, joined a number of the Company's other licensees as world class suppliers of CDMA equipment, as well as other technologies, throughout the world. Qualcomm looks forward to its partners' continued success.
Please visit Qualcomm's website, www.qualcomm.com, for more information on Qualcomm's response.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2005 FORTUNE 500® company traded on The Nasdaq Stock Market under the ticker symbol QCOM.
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Q&A - Response to Korea Times Article
December 01, 2005December 01, 2005