NextLinx Provides QUALCOMM with an Expanded Trade Export Solution to Address Global Trade Compliance Needs; Real-Time Access to Trade Content Expected to Streamline Customer Transactions.Business Editors/High-Tech Writers ROCKVILLE, Md.--(BUSINESS WIRE)--June 14, 2004 NextLinx Corporation, the leading provider of global trade content and management solutions, will deploy its browser-based Trade Export solution at QUALCOMM Incorporated (Nasdaq:QCOM QCOM Qualcomm, Inc. (stock symbol) ), pioneer and world leader of Code Division Multiple Access (CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. ) digital wireless technology, to streamline and automate the screening, licensing and document creation process for shipping its products to multiple destinations worldwide. Expanding its agreement with NextLinx, QUALCOMM expects to reduce global supply chain costs and minimize trade compliance risks. "As QUALCOMM continues to offer innovative solutions, we acknowledge the importance of getting our products to market quickly and efficiently," said Kathleen Gebeau, director of export compliance at QUALCOMM. "By growing our relationship with NextLinx, we can further streamline export processes across all of our various business groups and multiple enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. systems worldwide so that we can efficiently meet the global market demand." Integrating into Oracle and PeopleSoft, Trade Export provides QUALCOMM with real-time access to the various international trade rules, thus allowing them to easily comply with export requirements and Customs laws. In addition, QUALCOMM will have the ability to calculate landed costs, generate shipping documents, determine required licenses and screen for restricted trading parties. "Responding to increased security and stricter penalties, QUALCOMM recognized the importance of adjusting IT to remain compliant with changing trade regulations. Fully utilizing the Trade Export solution will allow them to make cross-border shipping more manageable across their enterprise," said Rajiv Uppal, founder, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of NextLinx Corporation. "QUALCOMM's increasing use of NextLinx products is a tremendous validation of our trade content, scalable technology and continued ability to deliver solutions to meet any business or industry need." Powered by Global Knowledge(TM), the industry's most comprehensive database of global trade content and international business rules, Trade Export decreases the complexities of global trade, eliminates border delays and minimizes potential fines and penalties due to improper classification and regulatory documentation. About QUALCOMM Incorporated QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. products and services based on the Company's CDMA digital technology. Headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Calif., QUALCOMM is included in the S&P 500 Index and is a 2003 FORTUNE 500(R) company traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (R) under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors QCOM. About NextLinx Corporation NextLinx Corporation is the leading provider of global trade management solutions. NextLinx software and Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. solutions combine global trade business rules and country-specific trade data, consisting of denied party lists, landed cost components, import and export controls, and customs duties Tariffs or taxes payable on merchandise imported or exported from one country to another. Customs laws seek to equalize the charges imposed by other countries, furnish income for the federal government, and preserve the financial stability of domestic industries. and documentation, to help companies reduce the risks and costs associated with importing and exporting goods across international borders. NextLinx prestigious list of customers include: Boeing, FedEx, UPS, ABN AMRO, Cisco Systems, 3Com, Fairchild Semiconductor, Rockwell Automation, Sotheby's, Panasonic and VF Corporation. For additional information, please visit us at www.nextlinx.com. QUALCOMM is a registered trademark of QUALCOMM Incorporated. All other trademarks are the property of their respective owners. |
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