Qualcomm Rides Verizon LTEQualcomm Rides Verizon LTE

LAS VEGAS and BASKING RIDGE, N.J. -- From the 2011 International Consumer Electronics Show (CES), Qualcomm Incorporated (NASDAQ: QCOM) and Verizon Wireless today announced that Qualcomm's Snapdragon MSM8655 processor as well as Qualcomm's MDM9600 LTE modem chipset will be used in a variety of new connectivity devices that take advantage of the Verizon Wireless 4G LTE Mobile Broadband network.

Qualcomm's Snapdragon MSM8655 system-on-chip combines Qualcomm's enhanced CPU at up to 1.2 GHz, latest Adreno GPU and low-power architecture to provide Verizon Wireless customers with the company's most highly optimized chipset for application performance available today. With the ability to provide virtually anywhere, anytime access to a variety of 3G and 4G network technologies, Qualcomm's MDM9600 chipset is Gobi-enabled and supports theoretical LTE data rates with full backward compatibility to EV-DO Rev. A/Rev. B.

"We are excited to be working with Verizon Wireless to help support this 4G network milestone and showcase the continued technology leadership we believe we've achieved through our Snapdragon platform," said Steve Mollenkopf, executive vice president and group president of Qualcomm. "At the same time, our MDM9600 chipset supports Verizon Wireless' 4G LTE network, and our easy-to-use software API helps streamline integration efforts, spur application development among third-party developers and deliver greater flexibility to device manufacturers. This level of software and hardware integration has already yielded several connectivity solutions for Verizon Wireless' new LTE Mobile Broadband network, with more devices to come."

Qualcomm Inc. (Nasdaq: QCOM)

Verizon Wireless