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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.07-1.0%3:59 PM EST

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To: Boplicity who wrote (62229)1/14/2000 8:22:00 AM
From: Jenne  Read Replies (1) of 152472
 
14 Jan 7:59

SAN DIEGO (Dow Jones)--Qualcomm Inc. (QCOM) signed a letter of intent with
Hitachi Ltd. (HIT) to jointly develop equipment and to support a field trial of
Qualcomm's High Data Rate technology.

Following a successful trial, Hitachi intends to develop and manufacture HDR
infrastructure equipment for commercial use, Qualcomm said Friday in a press
release.

The technology enables high-speed, always-on wireless Internet access using
standard Internet protocols. HDR technology can be embedded in handsets, laptops
and handheld computers and can work as a stand-alone system using off-the-shelf
IP backbone equipment.

Qualcomm, which develops digital wireless communications products, expects to
begin trials in the middle of the year, and plans commercial rollout in 2001.

-Elizabeth Souder; Dow Jones Newswires; 201-938-5400


(END) DOW JONES NEWS 01-14-00

07:59 AM
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