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We operate our businesses through our parent company, QUALCOMM Incorporated, and multiple direct and indirect subsidiaries. Qualcomm Technology Licensing (QTL) is operated by QUALCOMM Incorporated, which owns the vast majority of our patent portfolio. Substantially all of our products and services businesses, including Qualcomm CDMA Technologies (QCT), and substantially all of our engineering, research and development functions, are operated by Qualcomm Technologies, Inc. (QTI), a wholly-owned subsidiary of Qualcomm Incorporated, and its subsidiaries. Neither QTI nor any of its subsidiaries has any right, power or authority to grant any licenses or other rights under or to any patents owned by QUALCOMM Incorporated.