Qualcomm Incorporated (Nasdaq: QCOM) confirmed today that the Korea Fair Trade Commission (KFTC) has issued a Case Examiner's Report setting forth allegations with respect to the lawfulness of certain business practices related to Qualcomm's integration of multimedia solutions into its chipsets, rebates and discounts provided to its chipset customers. The Case Examiner's Report does not indicate what specific remedies may be sought.
Qualcomm believes its actions have been lawful and over the next several months plans to submit its response to the allegations.
Qualcomm Incorporated (Nasdaq: QCOM) 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 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500® company. For more information, please visit www.qualcomm.com.
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 defend against the claims set forth by the KFTC, 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, 2008, and most recent Form 10-Q.