Affected Parties Given Opportunity to Demonstrate Extreme Harm to Industry and ConsumersSAN DIEGO
Qualcomm Incorporated (Nasdaq: QCOM) today stated that it welcomes the announcement by the International Trade Commission (ITC) that it will hold a public hearing on March 21, 2007, related to Broadcom's requests for remedies and the effects on the public interest. The Commission previously requested written submissions on the remedy issue and will now allow affected parties, government agencies, public interest groups and members of the public to present at the hearing. Broadcom is asking the Commission to impose a remedy precluding the importation of CDMA2000 1xEV-DO handsets into the United States, despite the fact that such handsets are manufactured and imported by third parties whom Broadcom chose not to name in the proceeding, thereby preventing them from defending their products against Broadcom's accusations.
Many interested government and industry observers have submitted letters and briefs urging the Commission to reject Broadcom's requests on the grounds that it would be severely detrimental to the U.S. wireless broadband industry and American consumers. Those opposing Broadcom's requests include the Federal Communications Commission, members of the House Ways and Means Committee, members of the Senate Finance Committee and national public safety organizations. In October 2006, the Administrative Law Judge (ALJ) handling the matter also recommended against any order barring the importation of handsets manufactured by Qualcomm's customers.
“We are pleased that the ITC has decided to hold a public hearing and we welcome the opportunity to demonstrate the unreasonable, overreaching and anticompetitive nature of what Broadcom is seeking,” said Lou Lupin, executive vice president and general counsel, Qualcomm. “Industry partners, who Broadcom deliberately attempted to exclude from the ITC proceeding while targeting their products, and other interested government, industry and public interest organizations will have the opportunity to show the harmful impact Broadcom's requests would have on millions of consumers by depriving them of wireless broadband services.”
Originally scheduled for March 8, 2007, the Commission has extended the target date for completion of the investigation to May 8, 2007.
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.
February 13, 2007February 13, 2007Qualcomm Welcomes ITC’s Decision to Hold Public Hearing on Issues of Remedy in Broadcom MatterQualcomm Welcomes ITC’s Decision to Hold Public Hearing on Issues of Remedy in Broadcom Matter