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WirelessDevNet.com Press Release
QUALCOMM to Acquire Leading Mobile Software and Test Services Provider
SAN DIEGO, Aug. 18 -- QUALCOMM Incorporated
(Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple
Access (CDMA) and other advanced wireless technologies, today announced that
it will acquire San Diego-based Qualphone Inc., a leading provider of IP-based
Multimedia Subsystems (IMS) embedded client software solutions for mobile
devices and interoperability testing (IOT) services. The acquisition of
Qualphone's products and resources will help QUALCOMM further accelerate the
delivery of multimedia-capable, feature-rich 3G solutions on top of the
emerging IMS and Multi Media Domain (MMD) architectures to WCDMA/UMTS and
CDMA2000(R) markets. Completion of the acquisition is expected later this
month.
Qualphone's IMS client platform provides mobile operators with a technical
and commercial framework for offering services using a wide range of
integrated and interactive media, voice, text, picture and video technologies.
Qualphone's 3G/IP multimedia embedded client framework can be tailored to the
specific requirements of individual operators and handset manufacturers, and
its end-to-end IOT services help reduce time to market. QUALCOMM's
acquisition of Qualphone enhances the Company's continuing global efforts to
provide a highly efficient launch path for new 3G products and services.
"QUALCOMM is strongly committed to enabling 3G wireless for worldwide
markets, and this acquisition of Qualphone is another instance of our progress
in this direction," said Dr. Sanjay K. Jha, president of QUALCOMM CDMA
Technologies. "We look forward to leveraging Qualphone's test service, IMS
technology and software development resources to accelerate the delivery of
attractive and more feature-rich devices to subscribers in European and other
markets."
"This acquisition is the logical outcome of Qualphone's and QUALCOMM's
common goal of simplifying the deployment of 3G services around the world,"
said Isaac Eteminan, president and CEO of Qualphone Inc. "We look forward to
uniting our efforts in helping subscribers more quickly benefit from the new
wireless capabilities of 3G technology."
Headquartered in San Diego, Calif., Qualphone's product and service
portfolio includes mobile client framework software, IMS-based client
applications and handset IOT services.
QUALCOMM will pay approximately $18 million in cash for Qualphone.
QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and
delivering innovative digital wireless communications products and services
based on CDMA and other advanced technologies. Headquartered in San Diego,
Calif., QUALCOMM is included in the S&P 500 Index and is a 2006 FORTUNE 500(R)
company traded on The Nasdaq Stock Market(R) 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 the Company's ability to successfully design and have
manufactured significant quantities of CDMA components on a timely and
profitable basis, the extent and speed to which CDMA is deployed, 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 25, 2005, and most recent
Form 10-Q.
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