Qualcomm, Agilent Sign Multimillion Dollar Agreement
San Diego, Sept. 27 (Bloomberg) -- Qualcomm Inc., which developed wireless technology used by 65 million people worldwide, said it gave a multimillion dollar license to Agilent Technologies Inc. to use its technology in test equipment for the wireless industry.
Agilent will use Qualcomm patents, software and chipsets to expand its line of Code Division Multiple Access (CDMA) test equipment used by equipment manufacturers and system providers, the company said. CDMA is a digital technology that expands the capacity of phone lines.
Palo Alto, California-based Agilent, which was spun off from No. 2 U.S. computer maker Hewlett-Packard Co. in June, builds test and measurement equipment, from imaging devices such as diagnostic ultrasound, to machines used in semiconductor manufacturing.
The shares of San Diego-based Qualcomm, which has licensed its wireless technology to more than 80 telecommunications companies worldwide, fell 50 cents to 72.88 on the Nasdaq Stock Market. They had fallen 58 percent this year.
The shares of Agilent, which had 1999 revenue of $8.3 billion, rose 81 cents to 46 on the New York Stock Exchange. They had fallen 51 percent since first being offered to the public last November.
Sep/27/2000 16:27 ET |
