Qualcomm Invests $144 Million in NetZero
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QUALCOMM bought approximately 11.5 million shares at about $12.50 per share.
Qualcomm released Eudora 4.3 last February, making the e-mail program available to users free of charge when they use the product in sponsored mode, which displays advertising in a small window in the user interface. In the co-branding agreement, Eudora will be included on NetZero CDs and will be part of the standard install program for NetZero's client access software.
Goldston added that NetZero's goal is to provide its subscribers access to the Internet, allowing them to navigate and receive e-mail across a variety of devices, including laptop and desktop computers, Internet appliances, mobile phones and Personal Digital Assistants.
Both firms have found reasons to defend their territories in recent months. In February, NetZero accused rival @Home Corp. (ATHM) of aping its "Defenders of the Free World" trademark. In a suit, NetZero said @Home wrongly began advertising "Free World Powered by Excite."
Qualcomm also embarked on a lawsuit. In March, the firm ended a three-year legal battle with Motorola Inc. (MOT) that featured seven separate federal court cases alleging claims and counterclaims for patent infringement, breach of the parties' license agreements, misappropriation of trade secrets and unfair competition.