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QUALCOMM
Responds to Inaccuracies in Korea Times Article on
Expiration of Royalty Payments
News Source : QUALCOMM
San Diego, Dec 02 2005 (Korea
Newswire)-- QUALCOMM Incorporated (Nasdaq: QCOM) stated that
the claims in a Korea Times article (December 1, 2005)
indicating that certain Korean manufacturers’ obligations to
pay royalties to QUALCOMM under their respective license
agreements will expire in 2006 for sales in Korea and 2008
for exports from Korea are not correct. While QUALCOMM
cannot disclose confidential details of its license
agreements, the royalty obligations that Korean
manufacturers have with QUALCOMM will continue beyond such
dates, and there is no date on which a license under all of
QUALCOMM’s patents becomes royalty free.
QUALCOMM’s licensing program has fostered the widespread
adoption of leading-edge technologies and promoted vibrant
competition throughout the wireless industry, encouraging
innovation, technological advancement and vigorous price
competition. QUALCOMM has entered into more than 130 license
agreements with the world’s leading manufacturers of
wireless equipment. QUALCOMM is very pleased that its Korean
partners have, by combining QUALCOMM’s patented technology
with their own developments, joined a number of the
Company’s other licensees as world class suppliers of CDMA
equipment, as well as other technologies, throughout the
world. QUALCOMM looks forward to its partners’ continued
success.
Please visit QUALCOMM’s website, www.qualcomm.com, for more
information on QUALCOMM’s response.
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 2005
FORTUNE 500? company traded on The Nasdaq Stock Market under
the ticker symbol QCOM.
