7/29/2003 - In response to a complaint filed by Qualcomm Incorporated (Nasdaq: QCOM) on Friday, July 25, 2003, Texas Instruments Incorporated (NYSE: TXN) issued the following statement from Joseph F. Hubach, TI senior vice president, secretary and general counsel.
"We have reviewed the complaint against TI and feel it is without merit. We will contest it vigorously. We believe this complaint may be motivated by TI's recent announcement that we will begin sampling cdma2000 1X chips to a broad range of customers. Qualcomm has enjoyed many years of selling CDMA chips against little or no competition. TI intends to establish this market as a level playing field in which open competition prevails and consumers benefit. This is the case in every other wireless market in which TI competes. Qualcomm's legal maneuvers will not distract us from pursuing the CDMA market."
On May 15, TI announced its plans to offer chips based on the cdma2000 1X standard with samples available this quarter.
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