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QUALCOMM Expands Wireless Apps

In a move to create new applications for mobile services and wireless Internet systems, QUALCOMM Inc. Wednesday bought wireless company SnapTrack Inc. for $1 billion in stock.

SnapTrack will become a wholly-owned subsidiary of QUALCOMM (QCOM) and will continue its work on position location technology. SnapTrack's staff will remain in California to support a development center for wireless location products.

The combined technology will enable the design of smart phones, PDAs and pagers that will help find wireless callers in emergency situations or provide services directly to the user or via wireless Internet applications and services. The location technology is air interface independent and functions in any wireless standard. SnapTrack's unique Location on Demand feature will ensure a caller's privacy -- putting location information in the hands of the user, not the network.

"There is tremendous synergy between SnapTrack and QUALCOMM," said Steve Poizner, president and chief executive officer of SnapTrack. "We are both committed to developing leading-edge communications technology solutions for the wireless industry. This agreement is a clear validation of Wireless Assisted GPS technology and positions QUALCOMM at the center of the mobile location, data and e-commerce applications markets."

QUALCOMM Inc.develops digital wireless communications products and services based on the company's CDMA digital technology.