QUALCOMM and Nortel Sign Cross-License Agreement
SAN DIEGO, March 15 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, and Nortel, a leading provider of mobile broadband infrastructure and services, have entered into an agreement which extends and expands the patent and product scope of their previous CDMA cross-license agreement. Under the terms of the agreement, QUALCOMM has granted Nortel a royalty-bearing license under its patent portfolio to manufacture and sell infrastructure products for use in CDMA and GSM wireless networks, and Nortel has granted QUALCOMM a license under its patent portfolio to manufacture and sell components for use in CDMA subscriber devices (including multi-mode CDMA/GSM devices) and infrastructure products. "CDMA" includes CDMA2000(R), WCDMA and TD-SCDMA. The agreement also provides each party with additional patent rights beyond CDMA and GSM, but does not cover Orthogonal Frequency Division Multiplexing (OFDM) / Orthogonal Frequency Division Multiple Access (OFDMA) (other than certain IEEE 802.11 and MediaFLO rights).
"We welcome the expansion of our prior license agreement with Nortel, a proven leader in the development and supply of CDMA and other mobile broadband products," said Derek Aberle, senior vice president and general manager of QUALCOMM Technology Licensing. "This agreement paves the way for increasing cooperation between QUALCOMM and Nortel, one of QUALCOMM's earliest CDMA licensees, as we work together to drive continued growth of the CDMA market for the benefit of consumers worldwide."
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 24, 2006, and most recent Form 10-Q.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. CDMA2000 is a registered trademark of the Telecommunications Industry Association (TIA USA). All other trademarks are the property of their respective owners.
QUALCOMM Contacts: Bertha Agia, Corporate Communications Phone: 1-858-845-5959 Email: email@example.com John Gilbert, Investor Relations Phone: 1-858-658-4813 Email: firstname.lastname@example.org
SOURCE QUALCOMM Incorporated
Released March 15, 2007