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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.07

-1.0%

3:59 PM EST

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To: Wyätt Gwyön who wrote (37988)	8/13/1999 12:10:00 PM
From: T L Comiskey	Read Replies (2) of 152472

Mot Counter Suit Details..............Motorola Countersues Qualcomm SCHAUMBURG, Ill. (Reuters) - Motorola Inc. (NYSE:MOT - news) said Friday it filed counterclaims against Qualcomm Inc. (Nasdaq:QCOM - news) alleging that the California wireless communications company violated some provisions of licensing agreements between the companies. The counterclaim relates to lawsuits between the two companies pending in the United States District court for the Southern District of California, in San Diego. In this action, Motorola claims that Qualcomm breached two key clauses of the 1990 agreements, the most favored nations and royalty sharing provisions. In the agreements, the parties cross-licensed certain intellectual property rights and agreed to work together to develop and commercialize CDMA technology. CDMA is digital mobile phone technology which promises clearer calls and fewer dropped calls. Motorola said it agreed to and did in fact invest substantial sums in Qualcomm's development of the CDMA technology and made Motorola's technology available to Qualcomm. Qualcomm agreed in return to give Motorola favorable licensing treatment and royalty sharing rights to secure for Motorola an advantage in the CDMA marketplace over later licensees. Motorola said it believes its contributions played an important role in the success of CDMA technology. But Motorola alleged Qualcomm has embarked upon a licensing strategy designed to deprive Motorola of the bargained for benefits in the agreements. Motorola said it seeks specific enforcement, damages and injunctive relief. San Diego, Calif.-based Qualcomm, which had filed a suit last month seeking to terminate licenses granted to Motorola, was not immediately available to comment on the countersuit. Shares of Motorola were trading up 3-1/8 to 90-7/8 while Qualcomm shares added 4-1/4 to 155-1/4.

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