QUALCOMM and Bellwave Sign CDMA Modem Card License Agreement.Business Editors & High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--April 24, 2001 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, and Bellwave, Co., Ltd., today announced that they have entered into a CDMA modem card license agreement. Under the terms of the royalty-bearing agreement, QUALCOMM has granted Bellwave a worldwide license under QUALCOMM's CDMA technology and patents to develop, manufacture and sell cdmaOne(TM) and CDMA2000 1x/1xEV modem card products for use in wireless data communication devices. Bellwave will pay QUALCOMM a license fee and ongoing royalties at the same rates, irrespective of irrespective of prep. Without consideration of; regardless of. irrespective of preposition despite the licensed CDMA standard. "QUALCOMM is pleased to include Bellwave as a CDMA modem card licensee to design and market innovative solutions for wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. ," said Marvin Blecker, senior vice president of technology transfer for QUALCOMM. "This license agreement will provide Bellwave the opportunity to participate in the worldwide CDMA market." "Bellwave intends to maintain its competitive edge by offering optimal wireless Internet solutions and help fuel the growth of the worldwide CDMA market," said K.G. Yang, 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 Bellwave, Co., Ltd. "We are committed to providing cutting-edge services to our customers and QUALCOMM's CDMA technology allows us to remain at the forefront of the rapidly growing wireless industry." Bellwave, Co., Ltd., is a young venture company in Korea in the area of 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. , providing total solutions for mobile phones as well as data specific modules and terminal devices. Founded in September 1999, the Company is already commanding a strong presence in the market with top-notch R&D power and efficient management. Citicorp, the world's largest financial institution recognized the potential of Bellwave and recently made an equity investment in the Company. Bellwave plans to focus on R&D and compete with leading companies in the global wireless communications market. QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless BREW is an application development platform created by Qualcomm for mobile phones. It was originally developed for CDMA handsets, but has since been ported to other air interfaces including GSM/GPRS, UMTS, and CDMA. (TM) (BREW(TM)) applications platform; Eudora(R) e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar(TM) system and wireless fleet management systems, OmniTRACS(R) and OmniExpress(TM). QUALCOMM owns patents that are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 100 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2000 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. 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended September 24, 2000, and most recent Form 10-Q Form 10-Q See 10-Q. . QUALCOMM, OmniTRACS and Eudora are registered trademarks of QUALCOMM Incorporated. OmniExpress and BREW are trademarks of QUALCOMM Incorporated. cdmaOne is a trademark of the CDMA Development Group. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. All other trademarks are the property of their respective owners. |
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