QUALCOMM Incorporated Announces Acquisition of Now Software
SAN DIEGO, Nov. 10 /PRNewswire/ — QUALCOMM Incorporated (Nasdaq: QCOM), a
world leader in wireless communications and advanced electronic messaging
solutions for the Internet, today announced its acquisition of Now
Software, a pioneer in cross-platform, personal productivity software.
With the acquisition, QUALCOMM gains Now’s range of advanced scheduling and
calendaring software products that meet a growing demand for individual and
enterprise collaboration for both office and mobile users. The acquired Now
product line, coupled with its Internet savvy engineering staff, will be
incorporated into QUALCOMM’s Eudora(R) Division thereby strengthening
Eudora’s technological leadership in the Internet market.
“The acquisition of Now gives QUALCOMM access to exciting new technologies
and talented individuals,” said Jeff Jacobs, vice president and general
manager of QUALCOMM’s Eudora Division. It also will provide Eudora’s 18
million users with enhanced communications capabilities and expand the way
they communicate and work together on the Internet and ultimately the
wireless environment.”
“Now technologies are committed to saving users time and energy, and
promoting improved personal and professional communication capabilities,”
said Duane Schulz, president and chief executive officer of Now Software.
“The combination of QUALCOMM’s Internet and wireless expertise signals an
exciting future for these products.”
QUALCOMM intends to support Now’s flagship products and distribution
channels currently in place. From a service standpoint, QUALCOMM will stand
behind retailers, institutional users and personal users in both market and
service support.
QUALCOMM plans to keep Now’s Portland, Oregon offices open, which
underscores its commitment to the Oregon business community.
Headquartered in Portland, Oregon, Now Software is the 71st-largest
software company in the U.S. with close to two million users of its award-
winning product line. The Now Software product family, including the
flagship products Now Up-to-Date(TM) and Now Utilities(TM), has
consistently garnered industry praise, including Product of the Year,
multiple Editor’s and Reader’s Choice honors and seven World Class Awards.
The company has strategic relationships in place with industry leaders
including Apple, Sybase and 3Com.
Headquartered in San Diego, QUALCOMM develops, manufactures, markets,
licenses and operates advanced communication systems and products based on
its proprietary digital wireless technologies. The Company’s primary
product areas are the OmniTRACS(R) system (a geostationary satellite based,
mobile communications system providing two-way data and position reporting
services), CDMA wireless communications systems and products, and, in
conjunction with others, the development of the Globalstar(TM)
low-earth-orbit (LEO) satellite communications system. Other Company
products include the Eudora Pro(TM) electronic mail software, ASIC
products, and communications equipment and systems for government and
commercial users worldwide. For more information, please visit
http://www.qualcomm.com.
Except for historical information contained herein, this news release
contains forward looking statements that are subject to risks and
uncertainties, including timely product development, as well as the other
risks detailed from time to time in the Company’s SEC reports, including
the report on Form 10-K for the year ended September 29, 1996 and most
recent Form 10-Qs.
QUALCOMM, OmniTRACS and Eudora are registered trademarks and Eudora Pro and
Eudora Light are trademarks of QUALCOMM Incorporated. Globalstar is a
trademark of Globalstar Loral QUALCOMM Satellite Services, Incorporated.
Now Utilities and Now Up-to-Date are trademarks of Now Software, Inc. Data
regarding 18 million users of Eudora Pro and Eudora Light provided by the
Research Spectrum 12/96. Information regarding the ranking of software
companies in the U.S. provided by Soft-letter, April 18, 1997. All other
trademarks are the property of their respective owners.
CONTACT: Editorial: Ed Knowlton of Eudora Marketing Communications,
800-238-3672, ext. 29116, eudora-pr@qualcomm.com; or Investor Relations:
Julie Cunningham, 619-658-4224 or juliec@qualcomm.com; Corporate
Communications: Christine Trimble, 619-651-3628, or ctrimble@qualcomm.com,
both of QUALCOMM Incorporated