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Under the terms of the new 15-year agreement, Nokia has been granted a license under all Qualcomm's patents for use in Nokia mobile devices and Nokia Siemens Networks infrastructure equipment. Further, Nokia has agreed not to use any of its patents directly against Qualcomm, enabling Qualcomm to integrate Nokia's technology into Qualcomm's chipsets. The financial structure of the settlement includes an up-front payment and on-going royalties payable to Qualcomm. Nokia has agreed to assign ownership of a number of patents to Qualcomm, including patents declared as essential to WCDMA, GSM and OFDMA. The specific terms are confidential.
"We believe that this agreement is positive for the industry, enabling the market to benefit from innovation and new technologies," said Olli-Pekka Kallasvuo, CEO of Nokia Corporation. "The positive financial impact of this agreement is within Nokia's original expectations and fully reflects our leading intellectual property and market positions."
"I'm very pleased that we have come to this important agreement," said Dr.
About Nokia
Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.
About Qualcomm
Qualcomm Incorporated (http://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
Nokia Forward-Looking Statements
It should be noted that certain statements herein which are not historical
facts, including, without limitation, those regarding: A) the timing of
product, services and solution deliveries; B) our ability to develop,
implement and commercialize new products, services, solutions and
technologies; C) expectations regarding market growth, developments and
structural changes; D) expectations regarding our mobile device volume growth,
market share, prices and margins; E) expectations and targets for our results
of operations; F) the outcome of pending and threatened litigation; G)
expectations regarding the successful completion of contemplated acquisitions
on a timely basis and our ability to achieve the set targets upon the
completion of such acquisitions; and H) statements preceded by "believe,"
"expect," "anticipate," "foresee," "target," "estimate," "designed," "plans,"
"will" or similar expressions are forward-looking statements. These statements
are based on management's best assumptions and beliefs in light of the
information currently available to it. Because they involve risks and
uncertainties, actual results may differ materially from the results that we
currently expect. Factors that could cause these differences include, but are
not limited to: 1) competitiveness of our product, service and solutions
portfolio; 2) the extent of the growth of the mobile communications industry
and general economic conditions globally; 3) the growth and profitability of
the new market segments that we target and our ability to successfully develop
or acquire and market products, services and solutions in those segments; 4)
our ability to successfully manage costs; 5) the intensity of competition in
the mobile communications industry and our ability to maintain or improve our
market position or respond successfully to changes in the competitive
landscape; 6) the impact of changes in technology and our ability to develop
or otherwise acquire complex technologies as required by the market, with full
rights needed to use; 7) timely and successful commercialization of complex
technologies as new advanced products, services and solutions; 8) our ability
to protect the complex technologies, which we or others develop or that we
license, from claims that we have infringed third parties' intellectual
property rights, as well as our unrestricted use on commercially acceptable
terms of certain technologies in our products, services and solution
offerings; 9) our ability to protect numerous Nokia and Nokia Siemens Networks
patented, standardized or proprietary technologies from third-party
infringement or actions to invalidate the intellectual property rights of
these technologies; 10) Nokia Siemens Networks' ability to achieve the
expected benefits and synergies from its formation to the extent and within
the time period anticipated and to successfully integrate its operations,
personnel and supporting activities; 11) whether, as a result of
investigations into alleged violations of law by some current or former
employees of Siemens AG ("Siemens"), government authorities or others take
further actions against Siemens and/or its employees that may involve and
affect the carrier-related assets and employees transferred by Siemens to
Nokia Siemens Networks, or there may be undetected additional violations that
may have occurred prior to the transfer, or ongoing violations that may have
occurred after the transfer, of such assets and employees that could result in
additional actions by government authorities; 12) any impairment of Nokia
Siemens Networks customer relationships resulting from the ongoing government
investigations involving the Siemens >carrier-related operations transferred
to Nokia Siemens Networks; 13) occurrence of any actual or even alleged
defects or other quality issues in our products, services and solutions; 14)
our ability to manage efficiently our manufacturing and logistics, as well as
to ensure the quality, safety, security and timely delivery of our products,
services and solutions; 15) inventory management risks resulting from shifts
in market demand; 16) our ability to source sufficient amounts of fully
functional components and sub-assemblies without interruption and at
acceptable prices; 17) any disruption to information technology systems and
networks that our operations rely on; 18) developments under large, multi-year
contracts or in relation to major customers; 19) economic or political turmoil
in emerging market countries where we do business; 20) our success in
collaboration arrangements relating to development of technologies or new
products, services and solutions; 21) the success, financial condition and
performance of our collaboration partners, suppliers and customers; 22)
exchange rate fluctuations, including, in particular, fluctuations between the
euro, which is our reporting currency, and the US dollar, the Chinese yuan,
the UK pound sterling and the Japanese yen, as well as certain other
currencies; 23) the management of our customer financing exposure; 24)
allegations of possible health risks from electromagnetic fields generated by
base stations and mobile devices and lawsuits related to them, regardless of
merit; 25) unfavorable outcome of litigations; 26) our ability to recruit,
retain and develop appropriately skilled employees; 27) the impact of changes
in government policies, laws or regulations; and 28) our ability to
effectively and smoothly implement our new organizational structure; as well
as the risk factors specified on pages 10-25 of Nokia's annual report on Form
20-F for the year ended
Qualcomm Forward-Looking Statements
Except for the historical information contained herein, this news release
contains forward-looking statements that are subject to risks and
uncertainties, including Qualcomm'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
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
Qualcomm Contacts: Christine Trimble, Corporate Communications Phone: 1-858-845-5959 Email: corpcomm@qualcomm.com John Gilbert, Investor Relations Phone: 1-858-658-4813 Email: ir@qualcomm.com Nokia Contacts: Nokia, Communications Anne Eckert Phone: + 85 269 716918 Nokia, North America Communications Laurie Armstrong Phone: +1 914 368 0423 Nokia Communications Phone: +358 7180 34900 Email: press.office@nokia.com Investor Relations Europe Phone: +358 7180 34289 Investor Relations US Phone: +1 914 368 0555
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