Xylo Web-Based Work/Life Solutions Chosen by
QUALCOMM
Private Online Network to Help Employees Balance the Demands of Work and Home; Network
Strengthens Commitment to Work/Life Balance
BELLEVUE, Wash.--(BUSINESS WIRE)--Sept. 6, 2000-- Xylo, Inc., a leading provider of Web-based work/life solutions used
by Fortune 500 companies to attract and retain employees, today announced a client agreement with QUALCOMM Incorporated
(Nasdaq:QCOM - news) to provide the company's employees with a private online network of work/life products and services
designed to help them balance the responsibilities of work and home.
QUALCOMM is a leader in developing and delivering innovative digital wireless communications products and services based on
its Code Division Multiple Access (CDMA) digital technology.
``QUALCOMM is very proud of its ongoing commitment to help improve the quality of life for our employees through our
work/life balance programs,'' said Dr. Daniel L. Sullivan, senior vice president of human resources for QUALCOMM. ``Teaming
with work/life pioneer Xylo enriches the depth, breadth and quality of our programs to ensure we support our work force and
further improve our overall employee retention rates.''
``Ranked number 14 on Fortune's list of 100 Best Companies to Work for in America, QUALCOMM demonstrates a winning
combination of innovative digital technology leadership with progressive work/life practices. Xylo is pleased to work with
QUALCOMM to further strengthen its foundation of `best' work/life practices,'' said Xylo President and CEO Norman Behar.
Xylo solutions assist employees with managing everyday personal tasks, while remaining focused and productive at work, which
strengthens their company loyalty and can positively impact a company's bottom line. In fact, there is a link between being listed as
one of Fortune magazine's 100 Best Companies to Work for in America and improved financial results, according to research by
Vanderbilt University and Hewitt Associates, a leading management-consulting firm. The study showed that the Best Companies,
in the areas of average annual stock returns, operating performance and return on average assets, financially outperformed
counterpart companies that did not make the list.
The growing demand for work/life programs stems from the most intensely competitive labor market in 30 years, which challenges
employers to attract and retain talented individuals. At the same time, the lines between work and home continue to blur and
employees need, and are in the position to ask for, assistance in balancing the demands of their personal and professional lives.
Customized employee Web sites, printed catalogs and point-of-purchase value cards give workers access to rich, work/life content
and nearly 1000 time- and money-saving products and services.
QUALCOMM joins the following companies as a Xylo client: Agilent Technologies, The Boeing Company, Charles Schwab, The
Association of Compaq Employees, Eddie Bauer, Hewlett-Packard Company, Microsoft, Nordstrom, Northwest Airlines, 3M,
Wells Fargo & Company, and many others.
About QUALCOMM
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
integrated CDMA chipsets and system software; technology licensing; Eudora® email software for Windows® and Macintosh®
computing platforms; satellite-based systems including portions of the Globalstar(TM) system and wireless fleet management
systems, OmniTRACS® and OmniExpress(TM). QUALCOMM owns patents, which 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 80 telecommunications equipment manufacturers
worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2000 FORTUNE 500®
company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
About Xylo
Xylo, Inc., formerly employeesavings.com, is a leading provider of Web-based work/life solutions used by Fortune 500 and other
thought-leading companies to attract and retain employees. Xylo provides a private online network of life-need information,
products and services featuring time-savers, premier savings and quick tips to help employees balance the daily responsibilities of
work and home, which strengthens their company loyalty. Corporate employees may access their Xylo program 24-hours a day,
seven days a week through a customized, password protected Web site, printed catalog or point-of-purchase value card. Xylo is
funded by Benchmark Capital, Crosslink Capital and Goldman, Sachs & Co. and has more than 35 blue chip clients and nearly
1000 regional and national product and service provider relationships. Formed in 1997, the company is based in Bellevue, WA,
endorsed by the Employee Services Management Association and may be found on the Web at www.xylo.com.
Contact:
Xylo, Inc.
Leigh Barer, 425/456-3930
leighb@xylo.com
or
MWW/Savitt
Betsy Goldberg, 206/505-8404
bgoldberg@mww.com |
