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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: straight life who wrote (11497)	6/15/1998 5:01:00 PM
From: Caxton Rhodes	Respond to of 152472

South Korea Seoul Composite new low 288.21 -14.60 -4.82%

To: straight life who wrote (11497)	6/16/1998 12:16:00 AM
From: 2brasil	Read Replies (1) \| Respond to of 152472

When to re enter???? Paragon Networks International And QUALCOMM Sign Development Agreement SOUTHBURY, Conn., June 15 /PRNewswire/ -- Paragon Networks International announced today that they have signed a contractual agreement with QUALCOMM Incorporated (Nasdaq: QCOM - news), a leading provider of CDMA wireless solutions. Paragon Networks International will develop new technology as well as design and manufacture base station transceiver (BTS) digital network backhaul equipment for use in QUALCOMM's CDMA-based wireless networks. The agreement is a multi-year contract and has a projected value of over $8 million dollars. The agreement gives QUALCOMM access to Paragon's innovative wireline backhaul and transmission design capabilities. ''Paragon Networks has proven its ability to provide cost-effective digital transmission solutions for the unique needs of the wireless network service provider,'' said Dr. Houtan Dehesh, QUALCOMM's vice president of technology. ''Integrating Paragon's capabilities with QUALCOMM's CDMA infrastructure products will enable our customers to deploy cost-effective advanced backhaul solutions within their CDMA networks.'' Reini Florin, Paragon's vice president of marketing, said the agreement will focus on simplifying the transition from wireless to wireline for service providers. ''Cellular and PCS wireless network designers have traditionally viewed the BTS and wireline access components as discrete devices. QUALCOMM and Paragon intend to seamlessly integrate these two environments.'' Paragon Networks International is a technological innovator in the global network access market. Its products enable network service providers, internet service providers, and corporate users to efficiently control and manage voice, data and video applications over multiple public and private network services. Paragon is a privately held company with ownership shared between leading venture capital companies, ADC Telecommunications and its employees. Headquartered in Southbury, Connecticut, Paragon distributes its products worldwide through a network of both direct and indirect channels. For more information visit Paragon Network's web site at www.paragon-networks.com. Headquartered in San Diego, QUALCOMM develops, manufactures, markets, licenses and operates advanced communications systems and products based on its proprietary digital wireless technologies. The Company's primary product areas are the OmniTRACS(R) system (a geostationary satellite-based, mobile communications system providing two-way data and position reporting services), CDMA wireless communications systems and products and, in conjunction with others, the development of the Globalstar(TM) low-earth-orbit (LEO) satellite communications system. Other Company products include the Eudora Pro(R) electronic mail software, ASIC products, and communications equipment and systems for government and commercial customers worldwide. For more information on QUALCOMM products and technologies, please visit the Company's web site at qualcomm.com . chart.yahoo.com