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.

Despite unprecedented asset growth and earnings performance for a
new banking organization, Mercantile is currently trading at less
than book value and only 10.5 times street estimated 2000 earnings.

Click here to learn more:
http://205.210.134.51/a1.asp?ID=3D1257aa

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QUALCOMM Extends Mitsubishi's CDMA License for 3G CDMA

SAN DIEGO, Dec 12, 2000 (BUSINESS WIRE) -- QUALCOMM Incorporated (Nasdaq:
QCOM), pioneer and world leader of Code Division Multiple Access (CDMA)=20
digital
wireless technology, today announced an amendment to Mitsubishi Electric
Corporation's existing CDMA subscriber unit license agreement which expands=
=20
the
licenses under QUALCOMM's CDMA patent portfolio to include the development,
manufacture and sale of subscriber equipment for third-generation (3G) CDMA
(i.e., cdma2000, WCDMA and TD-SCDMA) and 1xEV (HDR) subscriber products. Un=
der
the terms of the amendment, Mitsubishi will pay QUALCOMM a multi-million=20
dollar
license fee and ongoing royalties at the same rates for 3G as those for
cdmaOne(TM) equipment, irrespective of the licensed CDMA standard.

"QUALCOMM is pleased to add Mitsubishi to the growing list of licensees tha=
t
recognizes the value and significance of QUALCOMM's CDMA patent portfolio i=
n=20
the
development of third-generation voice and data communications," said Steve
Altman, president of QUALCOMM Technology Alliances. "We look forward to=20
working
with Mitsubishi as it makes significant contributions to the 3G CDMA market=
."

QUALCOMM has essential patents for the WCDMA standard and has now licensed=
=20
some
or all of its essential patents to more than 30 companies to manufacture WC=
DMA
equipment. Each licensed manufacturer has agreed to pay QUALCOMM the same
royalty for WCDMA as that licensed manufacturer is paying for other CDMA
standards, including cdmaOne and cdma2000. Some of the companies now licens=
ed=20
to
manufacture WCDMA equipment include Advantest, Agilent, Alps, Ericsson,=20
Fujitsu,
Glenayre Electronics, Handspring, Hitachi, Hyundai, Kyocera, LG, Lucent,
Matsushita, Maxon, Motorola, NEC, Nortel, OKI, Philips, Samsung, Sanyo, Sha=
rp,
Sony, Tektronix, Toshiba, Willtech and other Japanese and Korean licensees
expected to be announced shortly.

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. cdmaOne is a trademark of the CDMA
Development Group. Globalstar is a trademark of Loral QUALCOMM Satellite
Services, Incorporated. Windows is a registered trademark of Microsoft Corp=
.
Macintosh is a registered trademark of Apple Computer Inc. All other=20
trademarks
are the property of their respective owners.

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

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

-0-

KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
TELECOMMUNICATIONS
HARDWARE
SOFTWARE
INTERNET

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