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WirelessDevNet.com Press Release
QUALCOMM Views Verizon Wireless' Agreement with Broadcom as Positive Development
SAN DIEGO, July 19 -- QUALCOMM Incorporated
(Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple
Access (CDMA) and other advanced wireless technologies, today stated that a
license agreement announced between Verizon Wireless and Broadcom is a
positive development. The agreement, which purports to grant licenses to
Verizon Wireless under the six patents asserted by Broadcom against QUALCOMM
in the ITC action as well as in federal district court cases in Santa Ana,
California, removes uncertainty for Verizon Wireless and its customers by
ensuring that Verizon Wireless will be able to continue to sell wireless
broadband products powered by QUALCOMM's chipsets and software. In addition,
the announced economic terms are far less drastic than any terms previously
demanded by Broadcom from QUALCOMM.
Although the announced deal would appear to reduce the risk of disruption
of Verizon Wireless' network, it does not resolve the problems arising from
the ITC's order for the many other wireless carriers affected by the ITC's
order, their tens of millions of subscribers, their suppliers, and the public
safety and other vital organizations that depend upon their networks and
services. Given the continuing negative impact to the public interest and
public safety posed by the ITC's order, QUALCOMM is continuing to work with
its partners on seeking Presidential disapproval of the ITC's ban.
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 2007 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 24, 2006, and most recent
Form 10-Q.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. All other
trademarks are the property of their respective owners.
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