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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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To: Ramsey Su who wrote ()	6/28/2000 2:06:00 PM
From: Dennis Roth	Read Replies (2) of 196546

Novatel to design modem card products for CDMA, HDR applications globalsources.com Industry News Posted: June 27, 2000 Qualcomm, Novatel Wireless sign CDMA modem card deal UNITED STATES- Qualcomm Inc. and Novatel Wireless Inc. have announced that they have entered into a CDMA technology modem card license agreement. Under the terms of the royalty-bearing agreement, Qualcomm has granted Novatel Wireless a worldwide license under Qualcomm's CDMA technology and patents to design and market modem card products for CDMA and HDR applications. "Qualcomm is pleased to license its technology to Novatel Wireless for the development of CDMA-and HDR-enabled wireless Internet solutions to fulfill the demand for wireless Internet connectivity in the rapidly expanding CDMA marketplace," said Steve Altman, president of Qualcomm Technology Alliances. "Novatel Wireless' proven leadership in developing affordable wireless Internet solutions for mobile and fixed environments further supports Qualcomm's vision of providing CDMA-enabled devices with innumerable applications to consumers and businesses worldwide." "Novatel Wireless is very pleased to establish a strategic alliance with Qualcomm and begin development of high-speed wireless Internet solutions and modems for CDMA and HDR applications," said Bruce Gray, senior vice president, Novatel Wireless. "This partnership brings us one step closer to realizing our corporate mission of providing our customers with real-time wireless access to their personal, corporate and public information."

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