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

To: Jon Koplik who wrote (28159)	4/23/1999 7:53:00 AM
From: 2brasil	Read Replies (1) \| Respond to of 152472

Three-Five Systems, Inc. Announces That It has Been Selected to Work With Qualcomm, Inc. On a Design for Liquid Crystal Display Modules TFS - news) today announced that it has been selected to work with Qualcomm, Inc. (NAS: QCOM) on a design for liquid crystal display (LCD) modules to be used in Qualcomm's fifth generation, digital cellular telephone application. Company officials stated the order calls for beginning shipments later this year, pending qualification by Qualcomm of first production units. The final units will contain a liquid crystal display, display electronics and a backlighting system. Company President and CEO David R. Buchanan stated, ''This program is important to us for two reasons. First, it demonstrates our ability to provide a high level of engineering support. I believe our ability to respond quickly with our U.S.-based design team was instrumental in securing the order.'' ''Second, this is our first major program with Qualcomm, a multi-billion dollar leader in the international cellular telephone marketplace. Qualcomm is a technology innovator, and we are looking forward to a relationship that will allow both companies to capitalize on growing markets and display technology advancements.'' The display module from Three-Five Systems will be incorporated into a CDMA digital cellular telephone for distribution in the Americas and other CDMA markets. CDMA is a digital wireless communications standard. Three-Five Systems, Inc. is a recognized leader in the design and manufacture of liquid crystal display (LCD) modules for OEM customers in the communications, medical electronics, industrial process control, wireless data collection and office automation marketplaces. At its Tempe, Arizona headquarters, Three-Five operates the highest volume LCD manufacturing line in North America and a R&D laboratory dedicated to advanced display technologies. The Company has developed three proprietary display technologies: LCiD(TM) (Liquid Crystal intense Display); LCaD(TM) (Liquid Crystal active Drive); and LCoS(TM) (Liquid Crystal on Silicon) microdisplays. The Company's web site is located at www.threefive.com. Certain statements contained in this document regarding future relationships and orders may be deemed to be forward-looking statements under federal securities laws, and Three-Five Systems intends that such forward-looking statements be subject to the safe-harbor created thereby. Three-Five Systems cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to, a) changes in the markets for the company's products, b) changes in the market for customers' products, c) the failure of key technologies to deliver commercially acceptable performance, and other risks as detailed from time to time in Three-Five Systems' SEC reports, including Quarterly Reports on Form 10Q, Current Reports on form 8-K and Annual Reports on Form 10-K.