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

To: w2j2 who wrote (17174)	10/26/1998 8:24:00 AM
From: 2brasil	Respond to of 152472

QUALCOMM OmniTRACS Division Expands Focus and Unveils New Name: QUALCOMM Wireless Business Solutions - One of World's Largest Providers of Wireless Data Solutions to Develop New Products for Wireless Industries Around the Globe - NEW ORLEANS, ATA BOOTH #418, Oct. 26 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM - news) today announced that it has changed the name of its OmniTRACS Division to QUALCOMM Wireless Business Solutions (QWBS) and has strategic plans to enter new wireless data markets around the world. By leveraging QUALCOMM's Code Division Multiple Access (CDMA) digital wireless technology and other complementary technologies, the group's vision is to bring wireless data solutions to businesses worldwide by developing new products and expanding into other markets. While maintaining its focus on the long-haul truckload industry with the OmniTRACS(R) and TruckMAIL(TM) product lines, QWBS will develop new products targeted at other areas of freight transportation, as well as other businesses with a need for mobile data. QUALCOMM currently has in development terrestrial-based products designed to connect to cargo capacity, such as untethered TrailerTRACS(R) and a communications product targeted at the short-haul industry, and pick-up and delivery fleets. These products and others will have the potential to give cellular carriers the opportunity for additional network airtime. According to Phil White, senior vice president and general manager of QUALCOMM Wireless Business Solutions, ''Our mission is to build integrated wireless data solutions that will forge competitive advantages for both our current and new customers. The reason for the name change is simple -- we are no longer a one product line business group and we are broadening our direction. Our new name is better aligned with our strategic plan and corporate charter of building wireless systems around the world. We have enjoyed success in the domestic truckload segment with the OmniTRACS system, and believe we can apply our core competencies and offer new, innovative wireless solutions to other businesses.'' White added, ''We will continue to support existing products and develop new ones, bringing the finest products and services to our trucking customers such as TruckMAIL, untethered TrailerTRACS and Internet-based host applications.'' Introduced in 1989, the OmniTRACS system revolutionized the manner in which trucking companies do business around the world. This cost-effective system provides data transmission and position reporting services to over 800 trucking companies and other mobile customers including railroad and maritime fleets. Part of the reason for this system's success is the superior operation of its Network Service Center (NSC) in San Diego, Calif. Staffed 24 hours a day, 365 days a year, QUALCOMM's state-of-the-art NSC processes over four million transactions each day and is unsurpassed in the industry. To ensure system reliability, the center maintains fully redundant computer systems. A duplicate backup center in Las Vegas provides additional system safeguards to assure continuing service in the case of natural disasters or other emergencies. QUALCOMM has sold over 250,000 OmniTRACS terminals worldwide, with systems operating in the United States, Canada, Europe, Japan, Brazil, Mexico, Korea and Malaysia. QUALCOMM plans to capitalize on its trucking industry success by positioning itself to help other businesses move into the next millennium. ''We will continue to use leading-edge technology to deploy innovative wireless data solutions around the globe,'' said George Mansho, vice president and general manager of international business for QUALCOMM Wireless Business Solutions. ''Internationally, we already have experience addressing customer needs in markets other than long-haul trucking which we have traditionally dominated. Requirements like security are driving sales in these markets along with the basic need for data communications and positioning. Our strategy is to continue to deliver solutions to our partners that give them a strong market advantage, to offer the same solutions to new and potential markets like China and the Middle East, and to increase our penetration in regions where we already have a presence, such as Europe, Russia and South America.'' To signify the new name and direction, QUALCOMM has incorporated the theme ''This Way to the Future'' into its marketing activities at the American Trucking Associations Management Conference & Exhibition in New Orleans, October 25-28. QUALCOMM will be demonstrating some of its current and upcoming products including OmniTRACS, TruckMAIL, TrailerTRACS(R) and CabCARD(R), as well as the complete suite of vehicle information reporting systems. 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) products, 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. 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, 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 28, 1997 and most recent Form 10-Q. QUALCOMM, OmniTRACS, TrailerTRACS, CabCARD and Eudora Pro are registered trademarks of QUALCOMM Incorporated. TruckMAIL is a trademark of QUALCOMM Incorporated. Globalstar is the trademark of Loral QUALCOMM Satellite Services. SOURCE: QUALCOMM Incorporated More Quotes and News: Qualcomm Inc (Nasdaq:QCOM - news) Related News Categories: telecom Help Copyright © 1998 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or C

To: w2j2 who wrote (17174)	10/27/1998 3:05:00 PM
From: Bon Scott	Respond to of 152472

A possible gainer from the QCOM & US West announcement. They trade on the Montreal and Toronto Exchange under the symbol MTM. ****************** Thursday September 10, 2:44 pm Eastern Time Mitec Telecom announcement/update (Full text of press release from Canadian Corporate News) SEPTEMBER 10, 1998 Mitec Starts New Year with Next Generation Qualcomm Order - Acquisitions on Corporate Agenda MONTREAL, QUEBEC--Senior management of Mitec Telecom Inc. today confidently told shareholders attending the Company's Annual General Meeting that the past year's efforts of repositioning are now paying off. A clear example was today's announcement that the wireless communication products manufacturer has received what is expected to be the first of several new production orders from QUALCOMM. The initial contract is worth $700,000. QUALCOMM has selected Mitec to supply RF subsystems for the QCELL CDMA micro BTS product line. Deliveries are scheduled for the third quarter of the current fiscal year.** QUALCOMM's QCELL micro BTS's are small stand alone base stations for use in the PCS and 800 MHz frequency bands. The QCELL micro BTS is the next generation of base stations, designed for both indoor and outdoor applications. The unit, measuring 26 inches long by 17 inches wide and 9 inches high, can be mounted on buildings, pole/towers or existing sites. Target markets include major MTAs, rural areas and Wireless Local Loop. In making the announcement, Mitec President and Chief Operating Officer, John Robinson, said Mitec has now successfully completed the important development stage with QUALCOMM and is now looking forward to full scale production. ''The RF subsystem of this innovative, next generation product line combines our amplifier and filter expertise and further strengthens our position in the rapidly expanding wireless market.'' Mitec Chairman and Chief Executive Officer, Myer Bentob, welcomed the news stating the order sets the scene for further growth. He pointed out that even during its year of repositioning, Mitec made progress in fiscal 1998. Revenues were up by 30 percent, net profit increased by 30 percent and the company's backlog grew by 75 percent. ''We are confident of both top and bottom line improvement over this past fiscal year.'' Mr. Bentob told his audience the objective is to grow Mitec as a major global participant in the development, manufacture and supply of significant products for the global telecom industry. ''We are expanding almost as rapidly as the industry itself. At the same time, we have steadily built the confidence of our customers. We have created an enviable reputation. We are positive that the alliances we are forging will provide long term benefits. Growth in world telecommunications appears limitless and we intend to capitalize on our abilities to soar with the eagles into the 21st century. I feel that our potential is tremendous. I know we are a company worthy of investment by both those who seek value for mid and long term growth.'' Mr. Robinson reported further good news, saying that the company has obtained a development order from Nokia for a next generation GSM product. No further details were provided. He also announced a new position within the company's senior management team. Mike Feld, a 25 year veteran of the telecommunications industry, will assume the newly created post of Executive Vice-President of North American Operations. ''Mike's mandate is to put the accent on operating efficiency, with the objective of increased profitability.'' Mr. Robinson said that while Mitec operates in three segments; wireless, terrestrial and satcom, it is wireless communications that is growing by leaps and bounds. ''It is in that domain that we have been expanding, and where we foresee our major gains. We have only scratched the surface in cellular telephony. In many parts of the less developed world, it is this technology that will provide primary telephone service in the coming years. Mitec is one of the leading suppliers of products for wireless services, particularly amplifiers and filters, in the form of modules, used for the base or relay stations that form the infrastructure of these networks.'' ''We also play a significant role in the satellite sector. We are responding to a steady demand for products. With the anticipated introduction of many more satellites, both geostationary and low and medium earth orbit, we are poised to capitalize on that potential with equipment needed for the ground stations.'' Mitec Chief Financial Officer, Keith Findlay said last year's 40 percent increase in wireless product activity and a 70 percent growth in the satcom sector is stretching capacities. ''On site work of our new 80,000 square foot Pointe Claire complex is about to start. This will give us urgently needed expanded capacity, not just for manufacturing, but for Research and Development which is the lifeblood of any technically oriented company.'' The Quebec government is contributing up to $1.6 million for Mitec's expansion project which includes a new facility. This facility is expected to be operational by next spring. Production capacity at Mitec's New Jersey location has been tripled. ''Coupled with an improved communication link between Montreal and New Jersey, our activities in North America will be even more efficient and fruitful as they work together in the design and testing of new products,'' stated Mr. Findlay. Mr. Bentob concluded by saying the company remains on the lookout for new opportunities. ''We are committed to growth both internally and through acquisitions for advanced technologies and synergies.'' Mitec telecom inc. designs and manufacturers products, subsystems and multifunction subsystems for the wireless telecommunications industry. The Company sells its products worldwide to primarily original equipment manufacturers for incorporation into wireless infrastructure equipment, which is used in voice, data and cable communications networks. Mitec telecom has 297 employees at its facilities in Pointe Claire (Quebec), Tinton Falls (New Jersey), Copthorne (England), Wang-Noi (Thailand), and Vaxj, (Sweden). FOR FURTHER INFORMATION PLEASE CONTACT: mitec telecom inc. Mr. Keith Findlay Vice President Finance and Chief Financial Officer (514) 694-6666 or Maison Brison Mr. Rick Leckner (514) 731-0000