( BW)(CA-QUALCOMM-INCORPORATED)(QCOM) QUALCOMM and Texas Instruments
Enter into Cross-License Agreement
Business Editors/High-Tech Writers
SAN DIEGO & DALLAS--(BUSINESS WIRE)--Dec. 4, 2000--QUALCOMM
Incorporated (Nasdaq:QCOM) and Texas Instruments Incorporated
(NYSE:TXN) today announced that they have entered into a cross-license
agreement covering both companies' patent portfolios that allows each
company to supply integrated circuits, including for all wireless
standards. The agreement recognizes the significance and value of each
company's intellectual property, including Texas Instruments' DSP and
Analog patents, as well as QUALCOMM's CDMA patents. The companies'
current patents, as well as future patents filed prior to or on
December 31, 2005, are cross-licensed on a worldwide basis.
The companies have agreed to enter into a comparable agreement
between TI and Spinco (the temporary name of the entity that QUALCOMM
has announced will be spun off as a separate and independent entity)
that will allow Spinco to supply integrated circuits for all wireless
and wireline applications. Additional terms of the agreement were not
disclosed.
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; digital cinema systems; and
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.
Texas Instruments Incorporated is the world leader in digital
signal processing and analog technologies, the semiconductor engines
of the Internet age. The company's businesses also include sensors and
controls, and educational and productivity solutions. TI is
headquartered in Dallas, Texas and has manufacturing or sales
operations in more than 25 countries. Texas Instruments is traded on
the New York Stock Exchange under the symbol TXN. More information is
located on the World Wide Web at www.ti.com.
Except for the historical information contained herein, this news
release contains forward-looking statements that are subject to risks
and uncertainties, including QUALCOMM's ability to successfully design
and have manufactured significant quantities of CDMA components on a
timely and profitable basis, the extent and speed to which CDMA is
deployed, change in economic conditions of the various markets
QUALCOMM serves, as well as the other risks detailed from time to time
in QUALCOMM's SEC reports, including the report on Form 10-K for the
year ended September 24, 2000, and most recent Form 10-Q.
QUALCOMM, OmniTRACS and Eudora are registered trademarks and
OmniExpress is a trademark of QUALCOMM Incorporated. 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.
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CONTACT: QUALCOMM Incorporated
Christine Trimble, Corporate Public Relations
858/651-3628, Fax 858/651-2590
ctrimble@qualcomm.com
or
Julie Cunningham, Investor Relations
858/658-4224, Fax 858/651-9303
jcunningham@qualcomm.com
or
Texas Instruments
Donna Coletti, Public Relations Contact
214/480-6255, Fax 214/480-6881
dcoletti@ti.com
or
Tish LeBlanc, Public Relations Contact
214/480-2048, Fax 214/480-6881
tleblanc@ti.com
or
Ron Slaymaker, Investor Relations Contact
214/480-6388, Fax 214/480-5025
rsla@ti.com |
