QUALCOMM-The Wireless Wonder in 1999 Message Board

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Technology Stocks : QUALCOMM-The Wireless Wonder in 1999

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To: GO*QCOM who wrote (155)	3/23/2000 10:15:00 AM
From: GO*QCOM	Read Replies (1) of 343

Qualcomm expands licensing agreement with Hitachi SAN DIEGO, March 23 /PRNewswire/ - Wireless technology developer Qualcomm Inc. (NasdaqNM:QCOM - news) on Thursday said it has entered into an mulitmillion-dollar agreement to extend an existing licensing agreement with Hitachi . Qualcomm, developer of Code Division Multiple Access (CMDA) technology that is key to cell phones and other wireless technologies, said the deal grants Hitachi a license to develop, manufacture and sell infrastructure and subscriber equipment for all modes of the third-generation CDMA standard. Prior to the expanded agreement Hitachi's CDMA license covered only Qualcomm's cmdaOne applications. Under the terms of the amended agreement, Hitachi will pay Qualcomm a multi-million dollar up-front license fee and ongoing royalties as Hitachi begins selling third-generation CDMA equipment. The royalties payable by Hitachi are the same irrespective of the licensed CDMA standard. Qualcomm holds a range of patents which are essential to all of the CDMA wireless telecommunications standards, widely used in the United States. --------------------------------------------------------------------------------

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