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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: tracor who wrote (89858)3/23/2000 11:01:00 AM
From: Perry A  Respond to of 120523
 
Qualcomm expands licensing agreement with Hitachi
(Reuters, 03/23/2000 08:43)

SAN DIEGO, March 23 /PRNewswire/ - Wireless technology developer Qualcomm Inc. (NASDAQ:QCOM) on Thursday said it has entered into an mulitmillion-dollar agreement to extend an existing licensing agreement with Hitachi (TOKYO:6501).
Qualcomm, developer of Code Division Multiple Access (CMDA) technology that is key to cell phones and other wireless technologies, said the deal grants Hitachi a license to develop, manufacture and sell infrastructure and subscriber equipment for all modes of the third-generation CDMA standard.
Prior to the expanded agreement Hitachi's CDMA license covered only Qualcomm's cmdaOne applications.

Under the terms of the amended agreement, Hitachi will pay Qualcomm a multi-million dollar up-front license fee and ongoing royalties as Hitachi begins selling third-generation CDMA equipment. The royalties payable by Hitachi are the same irrespective of the licensed CDMA standard.



To: tracor who wrote (89858)3/23/2000 11:38:00 AM
From: HeatherN  Read Replies (3) | Respond to of 120523
 
RZ,

Absolutely agree on QCOM...it's been basing since January. 150 on PnF breaks it out but I'm a little early using areas of support also. Up 6 on good news today :)

Heather