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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 171.54+0.4%Nov 10 3:59 PM EST
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To: LLCF who wrote (50912)11/18/1999 2:29:00 PM
From: Ruffian  Read Replies (3) of 152472
 
Qualcomm Says Ericsson Plans To Dispute
CDMA Price

WASHINGTON -- Qualcomm Inc. said it has received notice that L.M.
Ericsson Telephone Co. (ERICY) intends to dispute the purchase price of
the sale of Qualcomm's terrestrial Code Division Multiple Access
(CDMA) wireless infrastructure business to Ericsson in May.

Qualcomm made the disclosure in its annual report filed on Wednesday
with the Securities and Exchange Commission.

According to the filing, Qualcomm has also received notice from Ericsson
that it intends to assert claims for indemnification under the purchase
agreement.

As reported, Qualcomm's sale of its wireless infrastructure business to
Ericsson in May settled prolonged patent litigation between the two
companies involving CDMA wireless standards. As part of the settlement,
Qualcomm and Ericsson agreed to jointly support a single worldwide
CDMA standard with three optional modes for the next generation of
wireless communications.

According to the filing, pursuant to the asset sale agreement, Qualcomm
will extend up to $400 million in financing for possible future sales by
Ericsson of cdmaOne or cdma2000 infrastructure equipment and related
services to specific customers in certain geographic areas.

The two companies are having on-going discussions aimed at potentially
resolving Ericsson's claims, according to the filing.

Qualcomm said in the filing that it believes "the claims are without merit"
and it will "vigorously defend them."

Neither Qualcomm nor Ericsson officials were immediately available for
comment.

-Al Hennagir, Dow Jones Newswires/Federal Filings
Business News; 202-628-9793

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