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Technology Stocks : QUALCOMM-The Wireless Wonder in 1999 -- Ignore unavailable to you. Want to Upgrade?

To: GO*QCOM who wrote (141)	3/20/2000 7:22:00 AM
From: GO*QCOM	Respond to of 343

QUALCOMM Resolves Class Action Litigation - - SAN DIEGO - March 17, 2000 - QUALCOMM Incorporated (Nasdaq: QCOM) today announced that it has reached agreement to resolve the class action litigation filed by former employees of the Company arising out of the sale of assets of QUALCOMM?s infrastructure division to Ericsson. Under the terms of the settlement, $8.9 million (minus attorneys? fees and costs) will be distributed to over 1,000 former employees covered by the lawsuit. QUALCOMM, while agreeing to resolve the lawsuit, paid nothing toward the settlement, with all payments to be made by third parties. The affected employees have until April 17, 2000 to opt out of the settlement, and QUALCOMM has the option to cancel the settlement if more than a designated number of affected employees opt out. A final settlement approval hearing has been scheduled for April 28, 2000. "QUALCOMM believes it provided a fair and generous compensation plan for those employees who joined Ericsson," said Dr. Irwin Mark Jacobs, chairman and CEO, QUALCOMM. "Nonetheless, we are happy that employees received this additional compensation, allowing us to put the matter behind us and concentrate on more productive activities." 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© email software for Windows© and Macintosh© computing platforms; and satellite-based systems including OmniTRACS© and portions of the Globalstar? system. 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 75 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 1999 FORTUNE 500© company traded on the Nasdaq under the ticker symbol QCOM. Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development, the Company?s ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, and those related to performance guarantees, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company?s SEC reports, including the report on Form 10-K for the year ended September 26, 1999, and most recent Form 10-Q. ### QUALCOMM, OmniTRACS and Eudora are registered trademarks 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. QUALCOMM Home > Press Room

To: GO*QCOM who wrote (141)	3/20/2000 7:25:00 AM
From: GO*QCOM	Respond to of 343

Qiao Xing Universal Telephone Inc. Receives Provincial Government Approval to Produce New CDMA Cellular Telephones in China HUIZHOU, China--(BUSINESS WIRE) via NewsEdge Corporation-Qiao Xing Universal Telephone Inc. (Nasdaq:XING ) today announced it received approval from the government of Guangdong Province to manufacture code division multiple access (CDMA) cellular telephones. Cellular telephones sold in the United States already use this new wireless, digital technology, which produces superior voice and data transmission quality compared to equipment using global system for mobile communications (GSM) technology, currently used in China and widely used in European countries. Analysts estimate mobile cellular telephones have penetrated only about 2 percent of the Chinese market, which appears to offer attractive growth potential. Provincial government approval is an important first step for the company. Additional steps are needed before production and distribution can occur, including adopting the new technology and establishing production and distribution agreements. In addition, approval at other governmental levels is needed before sales can be made in China. Qiao Xing's chairman, Mr. Riu Lin Wu, is optimistic about the likelihood the company will receive the requisite approvals, commenting: "We are quite pleased to have been selected by our provincial government and will begin preparing our production facilities. "The Chinese market for CDMA cell phones is large, and we are well prepared, technologically and in overall production and marketing capacity, to meet the challenge of making this technology available to all. We consider China as our primary market for CDMA cellular phones, and stand ready to support any CDMA standard our government may set. "We hope the State Economic Development and Planning Committee and the Ministry of Information will recognize our capabilities," Wu concluded. In August 1995, Qiao Xing became the first telephone manufacturer in China to receive the ISO 9001 Quality System Accreditation award. The company currently produces 165 models of corded telephones and 25 cordless models. Its sales network is extensive throughout China and includes 1,350 retail store locations. In 1997 and 1998, Qiao Xing Universal Telephone ranked No. 2 in telephone sales in China. This news release contains "forward-looking statements" regarding future business opportunities and activities. Such forward-looking information involves important risks and uncertainties that could significantly affect future results. These risks and uncertainties include, but are not limited to, those relating to economic, political, legal and social conditions in the People's Republic of China, dependence upon key management personnel, competition, material factors relating to the operations of the business, and domestic and global general economic conditions.

To: GO*QCOM who wrote (141)	3/20/2000 7:27:00 AM
From: GO*QCOM	Read Replies (3) \| Respond to of 343

SEOUL, March 17 Asia Pulse - The Chinese government is showing a positive response to the Korean advance into the Chinese CDMA market. Chinese Vice Premier Wu Bangguo Friday expressed deep interest in Korean CDMA technologies during a meeting with former Information and Communication Minister Namgoong Suek, who visited China as a presidential envoy, ministry officials said. Wu said Korean mobile phone makers are at the cutting edge of CDMA systems and terminals and he hopes China can learn much through cooperation with Korean CDMA companies. Bilateral cooperation is necessary for each country's economic development as Korea has a high level of CDMA technologies while China has large human resources and market potential, the Chinese elader said hinting at rosy prospects for a Korean advance into the Chinese CDMA market. Namgoong said Korea will make efforts to cooperate with China on the CDMA mobile telecommunications industry. He then delivered President Kim Dae-jung's message of hope that Korean companies like Samsung Electronics, LG Information and Communications, Hyundai Electronics and SK Telecom can participate in China's CDMA market and contribute to the development of both countries' industries. Namgoong also met Chinese Posts and Telecommunications Minister Wu Jichuan, Vice Secretary-General of the State Planning Commission Zhang Buobao and China Unicom President Yang Xianzu to discuss cooperation plans. (Yonhap)