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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (826)	8/13/1999 10:41:00 AM
From: llwk7051@aol.com	Read Replies (2) \| Respond to of 13582

Motorola Files Counter Complaint Agains Qualcomm SCHAUMBURG, Ill.--(BUSINESS WIRE)--Aug. 13, 1999--Motorola, Inc. announced today that it filed counterclaims against Qualcomm Inc. in the action between the two companies pending in the United States District court for the Southern District of California, in San Diego. In this action, Motorola claims that Qualcomm breached two key clauses of the 1990 agreements, the most favored nations and royalty sharing provisions. In the agreements, the parties cross-licensed certain intellectual property rights and agreed to work together to develop and commercialize the CDMA technology. Motorola agreed to and did in fact invest substantial sums in Qualcomm's development of the CDMA technology and made Motorola's technology available to Qualcomm. Qualcomm agreed in return to give Motorola favorable licensing treatment and royalty sharing rights to secure for Motorola an advantage in the CDMA marketplace over later licensees. Although Motorola's contributions played an important role in the success and dissemination of CDMA technology, Qualcomm has embarked upon and executed a licensing strategy designed to deprive Motorola of the bargained for benefits in the agreements. Motorola not only alleges a breach of the agreements but also alleges that Qualcomm breached the covenant of good faith and fair dealing implied in the contracts. Motorola seeks specific enforcement, damages and injunctive relief. Motorola is a global leader in advanced electronic systems and services. It liberates the power of technology by creating software-enhanced products that provide integrated customer solutions and Internet access via wireless and satellite communications, as well as computing, networking, and automotive electronics. Motorola also provides essential digital building blocks in the form of embedded semiconductors, controls and systems. Sales in 1998 were $29.4 billion. Motorola and the Motorola logo are registered trademarks of Motorola Inc. CONTACT:

To: gdichaz who wrote (826)	8/13/1999 12:06:00 PM
From: bananawind	Read Replies (1) \| Respond to of 13582

Brazil Things really seem to be cooking in Brazil - two items today. Ericsson anticipates investment SÆo Paulo, 08/13/99 - Due to more people having access to a mobile phone through the pre-paid scheme, equipment maker Ericsson is anticipating its investment program for 2000. According to Anderson Teixeira, the commercial director of Telecomunica‡äes M¢veis, the company will begin a new industrial capacity expansion program at its complex at SÆo Jos‚ dos Campos in SÆo Paulo state. "Even though the company has invested $ 18 million this year in order to increase the production of mobile phones from 1.4 million to 2.5 million units, that level will have to be revised to attend to the market's demand." For this reason, Ericsson executives have begun the search for new equipment. The idea is for them to negotiate the shortening of delivery deadlines with suppliers. "We want to produce 500,000 telephones more than predicted, for this reason our machinery purchasers are working day and night." (THa¡s Costa, Gazeta Mercantil - Translated by Daniel Cooke) LG to invest US$1bn in Brazil until year 2005 - rpt SÆo Paulo, 13 - Brazil's subsidiary of Korean group LG Electronics said Thursday it plans to invest US$1bn in the country up until 2005. The firm has invested a total of US$120m since it started to operate in Brazil, in 1997. The president of LG Un Chul Hwang said that the investment will be directed to the "development of new products and marketing". LG also intends to make cellular phones in Brazil in the short run. "Brazil has been chosen to be a center of production and exportation to the entire Latin America," Hwang said. The firm also has a project to join a consortium for the production of kinescopes. Now, only Philips of the Netherlands and Korea's Samsung produce kinescopes in Brazil. (By Rosƒngela Capozoli)