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Slide #35. Qualcomm Incorporated — Palm, IPAQ and Bitfone Patent Portfolio from HP
Qualcomm Incorporated (NASDAQ:QCOM)
Palm, IPAQ and Bitfone Patent Portfolio from HP
Qualcomm Incorporated (NASDAQ: QCOM) and HP today announced that Qualcomm Incorporated has acquired a patent portfolio from Hewlett-Packard Company, Hewlett-Packard Development Co LP and Palm Inc. The portfolio, comprising approximately 1,400 granted patents and pending patent applications from the US and approximately 1,000 granted patents and pending patent applications from other countries, covers technologies that include fundamental mobile operating system techniques. The acquisition further enhances the strength and diversity of Qualcomm Incorporated's industry-leading mobile patent portfolio and will enable the company to offer even more value to current and future licensees. The purchase price was not publicly disclosed.
Qualcomm is engaged in the development and commercialization of foundational technologies for the wireless industry. Co.'s reportable segments include: Qualcomm CDMA Technologies, which is a developer and supplier of integrated circuits and system software based on third generation/fourth generation/fifth generation and other technologies; Qualcomm Technology Licensing, which grants licenses or otherwise provides rights to use portions of Co.'s intellectual property portfolio, which, among other rights, includes certain patent rights essential to and/or useful in the manufacture, sale and/or use of certain wireless products; and Qualcomm Strategic Initiatives, which makes investments.
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