Your News Alert for QCOM

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UNDERVALUED

Mercantile Bank Corporation (NASDAQ: MBWM) is one of the nation=01,s
fastest growing regional banking organizations.

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QUALCOMM Announces ICC Arbitration Decision Regarding Royalty Dispute
with ETRI

SAN DIEGO, Dec 11, 2000 (BUSINESS WIRE) -- QUALCOMM Incorporated (Nasdaq:QC=
OM)
today announced that the International Court of Arbitration (ICA) of the
International Chamber of Commerce (ICC) has issued its decision and award
arising from the arbitration between QUALCOMM and the Korean Electronics an=
d
Telecommunications Research Institute (ETRI).

As a result of the award by the ICC, QUALCOMM will report, in its first fis=
cal
quarter of 2001 ending in December 2000, a one-time charge of approximately=
=20
$80
million for additional royalties to be shared with ETRI as well as interest=
=20
and
other costs for the period from inception of the Joint Development Agreemen=
t
between the parties in 1992 to September 27, 2000. In addition, the ICA=20
ordered
that QUALCOMM continue to share with ETRI a part of the royalties that=20
QUALCOMM
receives only on sales of certain Code Division Multiple Access (CDMA)=20
equipment
for use in Korea. The continuing payments ordered in the ICA decision are
expected to have little impact, on the order of $4 million per quarter=20
depending
on the sales of phones and infrastructure in Korea, on the revenues and=20
earnings
of QUALCOMM in future quarters.

"While we are disappointed by the ICA's decision, we continue to look forwa=
rd=20
to
receiving strong royalty revenues from sales of CDMA equipment in Korea," s=
aid
Louis M. Lupin, senior vice president and general counsel of QUALCOMM. "The
ICA's decision does not in any way affect QUALCOMM's ability to collect
royalties on CDMA, WCDMA or other CDMA-based standards, and has no impact o=
n=20
the
ability of QUALCOMM to collect royalties from sales of CDMA equipment in=20
Korea."

The Company is evaluating its options with respect to the award.

QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and
delivering innovative digital wireless communications products and services
based on the Company's CDMA digital technology. The Company's business area=
s
include integrated CDMA chipsets and system software; technology licensing;
Eudora(R) email software for Windows(R) and Macintosh(R) computing platform=
s;
digital cinema systems; and satellite-based systems including portions of t=
he
Globalstar(TM) system and wireless fleet management systems, OmniTRACS(R) a=
nd
OmniExpress(TM). QUALCOMM owns patents that are essential to all of the CDM=
A
wireless telecommunications standards that have been adopted or proposed fo=
r
adoption by standards-setting bodies worldwide. QUALCOMM has licensed its
essential CDMA patent portfolio to more than 90 telecommunications equipmen=
t
manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is
included in the S&P 500 Index and is a 2000 FORTUNE 500(R) company traded o=
n=20
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=20
uncertainties,
including the Company's ability to successfully design and have manufacture=
d
significant quantities of CDMA components on a timely and profitable basis,=
=20
the
extent and speed to which CDMA is deployed, change in economic conditions o=
f=20
the
various markets the Company serves, as well as the other risks detailed fro=
m
time to time in the Company's SEC reports, including the report on Form 10-=
K=20
for
the year ended September 24, 2000, and most recent Form 10-Q.

QUALCOMM, OmniTRACS and Eudora are registered trademarks and OmniExpress is=
a
trademark of QUALCOMM Incorporated. Globalstar is a trademark of Loral=20
QUALCOMM
Satellite Services, Incorporated. Windows is a registered trademark of=20
Microsoft
Corp. Macintosh is a registered trademark of Apple Computer Inc. All other
trademarks are the property of their respective owners.

CONTACT: QUALCOMM Incorporated
Christine Trimble, Corporate Public Relations
858/651-3628, Fax 858/651-2590
ctrimble@qualcomm.com
or
Julie Cunningham, Investor Relations
858/658-4224, Fax 858/651-9303
jcunningham@qualcomm.com

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Copyright (C) 2000 Business Wire. All rights reserved.

-0-

KEYWORD: afxap CALIFORNIA SOUTH KOREA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: HARDWARE
NETWORKING
SOFTWARE
TELECOMMUNICATIONS

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