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Qualcomm to Pay $80 Million to South Korean Institute.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, December, 2000 by Gaut, Stephen
Dec. 12--SAN DIEGO, Calif.--Qualcomm officials said Monday that the company would pay $80 million in back royalty payments to a South Korean research institute and $16 million per year following a ruling by an international arbitration panel.
The payments are to be made to the Korean Electronics and Telecommunications Research Institute and relate to a 1992 technology development agreement between Qualcomm and the institute. That year, the institute received a CDMA system from Qualcomm and institute engineers began building a CDMA network for commercial use. Largely commercialized by Qualcomm, CDMA ---- which stands for Code Division Multiple Access ---- is a wireless technology that is competing with the Global Standard for Mobile Communication (GSM) to become...
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