Qualcomm Inc (QCOM)

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UTStarcom Expands CDMA Portfolio


Friday, March 26, 2004

UTStarcom will acquire the CDMA intellectual-property portfolio of Hyundai Syscomm at a price band of $12-15 million. UTStarcom will get the product portfolio, the entire intellectual property, and selected R&D assets and employees. Hyundai Syscomm may however use these acquired intellectual property in its own business. Meanwhile, UTStarcom has also signed a worldwide royalty-bearing agreement with Qualcomm. This would allow UTStarcom to develop, manufacture, and sell subscriber and infrastructure equipment for use in CDMA2000, WCDMA (UMTS), and TD-SCDMA systems.

http://www.voicendata.com/content/vndtoday/104032601.asp