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Technology Stocks : George Gilder - Forbes ASAP
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To: George Gilder who wrote (1941)8/13/1999 2:06:00 PM
From: Richard H.  Read Replies (1) of 5853
 
George, any validity to Motorola's claim?

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 pending in the United States District court for the Southern District of California, in San Diego.

In this action, semiconductor and communications equipment maker 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 some 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.

Qualcomm said it believes it has fulfilled its part of the agreement. ``We are very confident that we have fully complied with our contractual obligations and we believe this countersuit is more posturing on Motorola's part,' said Julie Cunningham, vice president of investor relations at Qualcomm.

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 charged Qualcomm has embarked upon a licensing strategy designed to deprive Motorola of the bargained-for benefits in the agreements.

THANK YOU
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