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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (50912)	11/18/1999 2:29:00 PM
From: Ruffian	Read Replies (3) \| Respond to of 152472

Qualcomm Says Ericsson Plans To Dispute CDMA Price WASHINGTON -- Qualcomm Inc. said it has received notice that L.M. Ericsson Telephone Co. (ERICY) intends to dispute the purchase price of the sale of Qualcomm's terrestrial Code Division Multiple Access (CDMA) wireless infrastructure business to Ericsson in May. Qualcomm made the disclosure in its annual report filed on Wednesday with the Securities and Exchange Commission. According to the filing, Qualcomm has also received notice from Ericsson that it intends to assert claims for indemnification under the purchase agreement. As reported, Qualcomm's sale of its wireless infrastructure business to Ericsson in May settled prolonged patent litigation between the two companies involving CDMA wireless standards. As part of the settlement, Qualcomm and Ericsson agreed to jointly support a single worldwide CDMA standard with three optional modes for the next generation of wireless communications. According to the filing, pursuant to the asset sale agreement, Qualcomm will extend up to $400 million in financing for possible future sales by Ericsson of cdmaOne or cdma2000 infrastructure equipment and related services to specific customers in certain geographic areas. The two companies are having on-going discussions aimed at potentially resolving Ericsson's claims, according to the filing. Qualcomm said in the filing that it believes "the claims are without merit" and it will "vigorously defend them." Neither Qualcomm nor Ericsson officials were immediately available for comment. -Al Hennagir, Dow Jones Newswires/Federal Filings Business News; 202-628-9793