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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 174.04+1.5%11:54 AM EST

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To: Ramsey Su who wrote ()2/17/2000 8:00:00 AM
From: walterenergy  Read Replies (1) of 13582
 
QUALCOMM Signs HDR License Agreement with LGIC

- Agreement Supports Development of Products Offering High-Speed

Wireless Internet Access -

SAN DIEGO, Feb. 17 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM),
pioneer and world leader of Code Division Multiple Access (CDMA) digital
wireless technology, today announced that it has signed an agreement to
license its High Data Rate (HDR) technology product designs to LG Information
and Communications, Ltd. (LGIC) of Seoul, Korea. Under the agreement, LGIC
will pay the same royalty rates on HDR products as specified in the LGIC's
existing licensing agreement with QUALCOMM for CDMA products.
"The worldwide demand for wireless data services is increasing rapidly,"
said Stephen Juh, vice president of strategic alliances, LGIC. "LGIC believes
HDR is the technology to support this growing need for high-speed wireless
Internet access. By utilizing QUALCOMM's HDR product designs, LGIC will
provide advanced, cost-effective products to the growing market."
"To have an outstanding manufacturer such as LGIC commit to manufacture
HDR infrastructure and subscriber terminals demonstrates HDR's continued
momentum in the wireless marketplace," said Jeff Jacobs, senior vice president
of business development, QUALCOMM. "We are excited to have LGIC join a
growing list of wireless equipment manufacturers and service providers that
have recognized the benefits of HDR."

HDR provides a spectrally efficient 2.4 Mbps peak rate in a standard
1.25 MHz channel bandwidth. Optimized for packet data services, HDR
incorporates a flexible architecture based on standard Internet Protocol (IP).
HDR's IP-based architecture allows flexible implementation of this wireless
system in high-performance and cost-effective ways. As a complementary
solution to voice networks utilizing operator's existing cell sites, towers,
antennas and network equipment, HDR technology allows operators to leverage
their current infrastructure investment and cellular/Personal Communication

Services (PCS) networks. HDR can also be implemented as a stand-alone system
using off-the-shelf IP backbone equipment. HDR is compatible with IS-95A,
IS-95B and future cdma2000(TM) networks, enabling existing cdmaOne(TM) and
cdma2000 service providers to obtain higher capacities and superior
performance by optimizing voice and data spectrum separately, serving both
applications from the same network.

Technical trials of HDR are expected to begin in 2000, and the marketing
trials and commercial rollout are expected to occur during 2001. HDR supports
e-mail, web browsing, e-commerce, telematics and many other applications while
offering end users continuous, untethered access to the Internet and next
generation data services. HDR's versatility allows the technology to be
embedded in handsets, laptops and handheld computers, and other fixed,
portable and mobile devices.

LGIC (www.lgic.co.kr) has been the forerunner in developing CDMA
technology for commercial purposes throughout the world. LGIC has succeeded
in developing the world's first digital cellular system adopting CDMA
technology. With this system, the commercial CDMA cellular service was
launched in Korea in January 1996. LGIC is driving to provide total solutions
to meet the challenges of next-generation mobile communications, the so-called
IMT-2000, through developing technologies that enable wireless communications
of large amounts of data and moving images, as well as voice.
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