QUALCOMM Becomes Latest SkyBridge Partner and Shareholder
QUALCOMM Becomes Latest SkyBridge Partner and Shareholder
BETHESDA, Md., Oct 17, 2000 (BUSINESS WIRE) -- SkyBridge LP and QUALCOMM
Incorporated (Nasdaq: QCOM) announced today that QUALCOMM has become a SkyBridge
shareholder and limited partner.
"We are delighted to welcome QUALCOMM to the SkyBridge partnership," said
Pascale Sourisse, SkyBridge President and CEO. "SkyBridge will now have access
to important QUALCOMM Intellectual Property and can benefit from the company's
satellite telecommunications experience. SkyBridge's industrial partners will be
able to enter into licenses with QUALCOMM for its Code Division Multiple Access
(CDMA) technology for use in both user terminals and gateways. Use of QUALCOMM's
CDMA technology can provide significant cost advantages in the development of
the SkyBridge system."
"QUALCOMM is excited to be part of the SkyBridge partnership," said Scott
Becker, senior vice president and general manager of QUALCOMM Wireless Systems.
"QUALCOMM's CDMA technology provides a proven, cost-effective basis on which to
develop SkyBridge gateways and user terminals. QUALCOMM looks forward to
supporting SkyBridge and its industrial partners to deploy the next generation
of data services."
SkyBridge will provide telecom operators and service providers(1) with broadband
access capacity, enabling them to offer high-speed, highly interactive
multimedia services to business and residential users anywhere in the world via
a constellation of 80 low earth orbiting satellites.
Editor's Notes
SkyBridge LP is a Delaware Limited Partnership headquartered in Bethesda,
Maryland. SkyBridge LP is backed by Alcatel. Alongside Alcatel, its industrial
partners and shareholders include: Boeing, Loral Space & Communication, Litton
and EMS Technologies of the United States; COM DEV of Canada; Mitsubishi
Electric, Sharp and Toshiba of Japan; THOMSON multimedia, CNES and SNECMA of
France; SRIW of Belgium; Starsem of France and CIS. For further information,
come and visit us on www.skybridgesatellite.com.
QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and
delivering innovative digital wireless communications products and services
based on the Company's CDMA digital technology. The Company's business areas
include integrated CDMA chipsets and system software; technology licensing;
Eudora(R) email software for Windows(R) and Macintosh(R) computing platforms;
satellite-based systems including portions of the Globalstar(TM) system and
wireless fleet management systems, OmniTRACS(R) and OmniExpress(TM). QUALCOMM
owns patents which are essential to all of the CDMA wireless telecommunications
standards that have been adopted or proposed for adoption by standards-setting
bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to
more than 90 telecommunications equipment manufacturers worldwide. Headquartered
in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2000
FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker
symbol QCOM.
QUALCOMM, OmniTRACS and Eudora are registered trademarks and OmniExpress is a
trademark of QUALCOMM Incorporated. cdmaOne is a trademark of the CDMA
Development Group. Globalstar is a trademark of Loral QUALCOMM Satellite
Services, Incorporated. Windows is a registered trademark of Microsoft Corp.
Macintosh is a registered trademark of Apple Computer Inc. All other trademarks
are the property of their respective owners.
(1) SkyBridge services will be delivered locally through national and
regional telecommunications operators and other service
providers.
CONTACT: SkyBridge LP
Peter Spencer, + 33 1 4652 6397
Vice President, Marketing & Communications
- or -
North America:
Edelman PR Worldwide
Alexa Huenges, 212/642-7725
- or -
QUALCOMM
Christine Trimble, 858/651-3628
Senior Marketing Manager |
