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Qualcomm: Technologies
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[B]y July 1995 Qualcomm could claim that 11 of the 14 largest telephone carriers in the United States had committed to CDMA. In addition, 12 cell phone suppliers, including Motorola, NEC, Mitsubishi, Matsushita, and Sony, had each paid Qualcomm $1 million for its CDMA technology, and six manufacturers--including AT&T, Northern Telecom, and Motorola--had each surrendered $5 million for the right to make CDMA network equipment. From its CDMA royalty fees and microchip sales alone Qualcomm stood to profit handsomely in the years to come. In August 1995, it raised $500 million in a public stock offering to fund its transformation from a cellular standard licenser to a cellular phone maker.
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On 14 November 2007, Qualcomm, a developer of wireless technologies, announced it will acquire Firethorn Holdings, a provider of mobile banking technology, for $210 million in cash. The deal, expected to close within 30 days, is intended to help financial institutions accelerate consumer adoption of mobile banking services such as viewing account balances and history, bill payment and money transfers.
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While Qualcomm gets most of its revenue from chip sales, technology licensing generates the majority of profit. Qualcomm charges phone makers, equipment manufacturers and service providers a percentage of their product prices to use its code division multiple access technology, or CDMA.
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Qualcomm announced two separate acquisition deals designed to beef up its wireless technology portfolio. The CDMA pioneer is snapping up all of WLAN provider Airgo Networks as well as certain aspects of Bluetooth technology supporter RF Micro Devices (RFMD).
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Last month Qualcomm Chief Executive Paul Jacobs’s talks with Reliance Communications officials in India broke down on the former’s refusal to negotiate on the royalties issue. After that meeting Reliance Communications said it might migrate to GSM technology.
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The acquisitions, announced Sunday, will allow Qualcomm to integrate the wireless technologies more tightly with chipsets that it sells to mobile phone makers. This should make it easier for phone makers to develop compact products with built-in Bluetooth and WLAN capabilities.
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