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To: Dealer who wrote (25603)	7/17/2000 8:36:37 AM
From: Dealer	Read Replies (2) \| Respond to of 35685

QCOM--Monday July 17, 7:35 am Eastern Time Company Press Release QUALCOMM Expands Toshiba's CDMA License for 3G License Covers cdma2000 and W-CDMA Modes SAN DIEGO--(BUSINESS WIRE)--July 17, 2000--QUALCOMM Incorporated (Nasdaq:QCOM - news), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced an amendment to Toshiba's existing CDMA subscriber unit license agreement. Prior to the amendment, Toshiba's CDMA license covered cdmaOne(TM) applications only. With the amendment, Toshiba's CDMA agreement has now been expanded to grant Toshiba a license under QUALCOMM's CDMA patent portfolio to develop, manufacture and sell subscriber units for all modes of the third-generation CDMA standard, including cdma2000 and W-CDMA. Under the terms of the amendment, Toshiba has agreed to pay QUALCOMM a multi-million dollar license fee and ongoing royalties as Toshiba begins selling third-generation CDMA equipment. The royalties payable to QUALCOMM by Toshiba continue to be the same, irrespective of the licensed CDMA standard. ``QUALCOMM's patent portfolio continues to be recognized as essential for development of all proposed third-generation CDMA systems,'' said Steve Altman, president of QUALCOMM Technology Alliances. ``With the expansion of Toshiba's license agreement, the CDMA market gains another phone manufacturer for third-generation CDMA networks.'' ``This extension of our license agreement to support the third-generation CDMA standard demonstrates our commitment to expanding our CDMA product offering,'' said Takao Kishida, vice president of Mobile Communications and Computing Division of Toshiba. ``We believe CDMA will offer our global customer base inherent advantages to meet their needs for superior voice and data communications and we look forward to working closely with QUALCOMM to further our development of products to support these efforts.'' Toshiba Corporation (http://www.toshiba.co.jp) is a global leader in information and communications systems, electronic components, consumer products, and power systems. The company's integration of these wide-ranging capabilities assures its position as a leading company in notebook PCs, digital audio/visual products, semiconductors, LCD and other advanced devices. Toshiba has 191,000 employees worldwide, and annual sales of over US$ 50 billion. 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 80 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 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. Note to Editors: QUALCOMM, OmniTRACS and Eudora are registered trademarks and OmniExpress is a trademark of QUALCOMM Incorporated. cdmaOne is a trademark of the CDMA Development Group (CDG). 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.

To: Dealer who wrote (25603)	7/17/2000 8:48:03 AM
From: Dealer	Respond to of 35685

GSTRF--Monday July 17, 12:01 am Eastern Time Satellite phone company Globalstar cuts U.S. prices WALNUT CREEK, Calif., July 17 (Reuters) - Struggling satellite phone company Globalstar Telecommunications Ltd. (NasdaqNM:GSTRF - news) said on Monday it had cut prices as part of a promotional campaign. The company said in a statement that prices of Globalstar-compatible phones from Qualcomm Inc. (NasdaqNM:QCOM - news) had been slashed, with a GSP-1600 phone cut to $1,199 from $1,499. Customers who commit to Globalstar's so-called Freedom 20 or Freedom 120 monthly plans for 24 months get the phone for $699. In addition, the per-minute pricing for satellite service starts at just under $1 a minute for 500 minutes. The previous low had been $1.39 a minute for 250 minutes a month. Service subscription prices start at $24.95 a month. Globalstar, which is backed by Loral Space & Communications Ltd. (NYSE:LOR - news), said the effort was aimed at letting more people make and get phone calls where cellular service was not available. Globalstar deliberately defaulted last month on a $250 million bank credit line to get an extra six months of cash for its faltering satellite phone service. Analysts have said the move signals Globalstar's difficulty in attracting investment in the face of slow subscriber growth and worsening cash projections for its global phone system. Satellite telephone companies have been under close inspection since the collapse this year of $5 billion Iridium LLC, which was backed by Motorola Inc. (NYSE:MOT - news). Another competitor, ICO Global Communications, emerged from bankruptcy in May under the name New ICO. Globalstar has seen its stock plummet this year, with the share price falling from $47 in January to 10-9/16 Friday afternoon.