Working to Implement New Software SolutionSAN DIEGO
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced that it will appeal and renew its request for a stay of the International Trade Commission (ITC) ban on imports of future 3G mobile broadband handset models. Qualcomm maintains that none of Broadcom's patent claims are valid or were infringed upon by Qualcomm. The Company made its announcement today in response to the lack of a Presidential reversal of the ITC order.
In addition to pursuing the appeal and stay request with the Federal Circuit Court of Appeals (the stay had originally been denied solely on the procedural basis that it could not be heard by the appellate court until after a decision on the veto), the Company affirmed its commitment to minimizing the impact of the ITC order and is working closely with its customers and the operators on the implementation of new software. While the acceptability of this new software is subject to challenges by Broadcom, we are confident that it is outside the scope of the ITC order and we are confident in the technical performance of this software. Customer acceptance has been strong.
“While we are disappointed with today's decision, we thank the Administration for taking the time to review this matter,” said Dr. Paul E. Jacobs, CEO of Qualcomm. “We are committed to preserving the enormously successful mobile broadband industry in the U.S. and to protecting and advancing the significant gains that have already been achieved in communications, disaster preparedness and emergency response. We will pursue all legal and technical options available to us to minimize the impact of the ITC order on consumers, our customers and the entire wireless industry.”
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 2007 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.
August 06, 2007August 06, 2007