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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (6035)	1/8/2001 8:02:12 AM
From: Ibexx	Read Replies (3) \| Respond to of 197410

QUALCOMM Expands Synertek's CDMA License for 3G CDMA Monday January 8, 7:30 am Eastern Time SAN DIEGO--(BUSINESS WIRE)--Jan. 8, 2001--QUALCOMM Incorporated (Nasdaq: QCOM - news), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced an amendment to Synertek's existing CDMA subscriber unit license agreement which expands the licenses of Synertek's Affiliates (Wide Telecom Co., Ltd., Telson Electronics Co., Ltd., Standard Telecom Co., Ltd., and Sewon Co., Ltd.) under QUALCOMM's CDMA patent portfolio to include the development, manufacture and sale of subscriber units, CDMA modem cards and subscriber unit knockdown kits for second and third-generation (3G) CDMA (i.e., cdma2000, WCDMA and TD-SCDMA) products. Prior to the amendment, Synertek's CDMA license covered only cdmaOne(TM) subscriber units. Under the terms of the amendment, Synertek will pay QUALCOMM a multi-million dollar license fee and ongoing royalties at the same rates for 3G as those for cdmaOne equipment, irrespective of the licensed CDMA standard. ``This license agreement will allow Synertek's Affiliates to support advanced 3G wireless voice and data communications solutions,'' said Marvin Blecker, senior vice president of technology transfer for QUALCOMM. ``QUALCOMM has essential patents for all the 3G CDMA standards and has now licensed some or all of its essential patents to more than 40 companies worldwide for the manufacture and sale of 3G products, including, WCDMA, cdma2000, or TD-SCDMA. We are pleased that Synertek's Affiliates have chosen to provide next-generation products and services for the 3G CDMA market.'' ``Extending our license with QUALCOMM demonstrates Synertek's Affiliates' commitment to developing enhanced 3G CDMA subscriber products for the mobile communications market,'' said Mr. S.S. Ham, president & CEO of Synertek. ``Our product offerings can now be expanded to help fuel the growth of CDMA worldwide.'' Synertek, Inc., a sister company of Synertek & Products, Inc., promotes the worldwide development, manufacturing and sale of CDMA subscriber products. Synertek is a holding company for its affiliates: Wide Telecom Co., Ltd., Telson Electronics Co., Ltd., Standard Telecom Co., Ltd., and Sewon Co., Ltd., and are leading companies in the telecommunications market for subscriber accessories and components. For more information, please visit our website at synertek-spi.koreasme.com. Ibexx