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

To: GO*QCOM who wrote (307)	6/5/2000 8:07:00 AM
From: GO*QCOM	Read Replies (1) \| Respond to of 343

QUALCOMM Enters into CDMA Subscriber License Agreement with GARMIN CDMA will Enable GARMIN to Expand its Product Offering SAN DIEGO--(BUSINESS WIRE)--June 5, 2000--QUALCOMM Incorporated (Nasdaq: QCOM - news), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and GARMIN Corporation, an international developer and manufacturer of Global Positioning System (GPS) equipment, today announced that they have entered into a worldwide CDMA subscriber unit license agreement. Under the terms of the agreement, GARMIN was granted a royalty-bearing license under QUALCOMM's CDMA technology and patents, and position location patents belonging to SnapTrack, a wholly owned subsidiary of QUALCOMM, to develop, manufacture and sell subscriber products for CDMA and High Data Rate (HDR) wireless applications. ``The rapid advance of technology is spurring increased consumer demand for new position location services in wireless networks,'' said Steve Altman, president of QUALCOMM Technology Alliances. ``The agreement with GARMIN illustrates the value of QUALCOMM's and SnapTrack's patents and technology in supporting the emergence of a broad spectrum of new CDMA appliances with position location capabilities.'' ``The license agreement with QUALCOMM demonstrates GARMIN's commitment to the design, development and manufacture of communications and navigation products incorporating CDMA technology,'' said Gary Kelley, director of marketing, GARMIN. ``We want our customers to have access to the best technology available. By integrating CDMA into our future products, we believe that we will succeed in accomplishing this mission.'' GARMIN (www.garmin.com) designs, manufactures and markets navigation and communications equipment for a variety of markets, including aviation, marine, automotive, cellular, OEM and general recreation. In 1999, GARMIN became the first company to offer a combination Global Positioning System (GPS) and cellular telephone with the introduction of the NavTalk(TM). In 2000, GARMIN became the first company to bring a cellular telephone to the general aviation industry with the debut of the NavTalk Pilot(TM). This telephone uses AirCell© cellular frequency technology to enable general aviation pilots to place and receive calls while flying. The company also plans to incorporate Global System for Mobile (GSM) communications technology into its future products for the European market. GARMIN is committed to the development and support of high quality products equipped with superior safety and operational features. The company has facilities in Taiwan, the United States and England. 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; satellite-based systems including portions of the Globalstar(TM) system and wireless fleet management systems, OmniTRACS© 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 75 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2000 FORTUNE 500© company traded on The Nasdaq Stock Market© 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 and OmniExpress is a trademark of QUALCOMM Incorporated. GARMIN is a registered trademark of GARMIN Corporation. 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. -------------------------------------------------------------------------------- Contact: QUALCOMM Incorporated Corporate Public Relations Christine Trimble, 858/651-3628 Fax: 858/651-2590 ctrimble@qualcomm.com or Investor Relations Julie Cunningham, 858/658-4224 Fax: 858/651-9303 jcunningham@qualcomm.com or GARMIN Sara Beane or Pete Brumbaugh (media relations) 913/397-8200 Fax: 913/397-8282 sara.beane@garmin.com or pete.brumbaugh@garmin.com