Qualcomm Incorporated (Nasdaq: QCOM) and Motorola, Inc. (NYSE: MOT) today announced an expansion in their relationship. In addition to collaborating on CDMA2000®, the two companies will now be working together to bring UMTS handsets to global markets. Motorola Mobile Devices has approved Qualcomm's Mobile Station Modem™ (MSM™) chipsets for incorporation into future UMTS handset designs.
“Our success in CDMA2000 markets with Qualcomm chipsets makes this expansion a logical one for Motorola,” said Ron Garriques, president of Motorola's Mobile Devices business. “Our long relationship with Qualcomm has proven its value. By expanding our relationship to include UMTS designs, we are opening the door to new avenues for growth and value creation. With Qualcomm now included among our partners for UMTS, we are enhancing our flexibility and expanding our range of options in our drive to design and deliver the world's most innovative and compelling UMTS handsets across experiences and price tiers.”
“Motorola has been an important customer for Qualcomm for many years, and we are excited with this latest development in our relationship to now include collaboration on UMTS,” said Dr. Sanjay K. Jha, president of Qualcomm CDMA Technologies. “We are confident that combining the respective strengths of our two companies will result in new opportunities and industry-leading successes over the upcoming years.”
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $35.3 billion in 2005. For more information about our company, our people and our innovations, please visit www.motorola.com.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including Motorola's future ability to design CDMA and UMTS/3G handsets and integrate CDMA and UMTS/3G components from its various suppliers into those handsets on a timely and profitable basis, the extent and speed to which CDMA and UMTS/3G technology is deployed, change in economic conditions of the various markets Motorola serves, as well as the other risks detailed from time to time in the Motorola's SEC reports, including the report on Form 10-K for the year ended December 31, 2005, and its subsequent Form 10-Q filings.
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 2006 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 24, 2006, and most recent Form 10-Q.