Nokia and Qualcomm Enter Into a New Agreement



    - Companies Agree to Settle All Litigation -

    ESPOO and SAN DIEGO, July 23 /CNW/ -- Nokia (NYSE:   NOK) and Qualcomm
(Nasdaq:   QCOM) today announced that they have entered into a new agreement
covering various standards including GSM, EDGE, CDMA, WCDMA, HSDPA, OFDM,
WiMAX, LTE and other technologies.  The agreement will result in settlement of
all litigation between the companies, including the withdrawal by Nokia of its
complaint to the European Commission.
    Under the terms of the new 15-year agreement, Nokia has been granted a
license under all Qualcomm's patents for use in Nokia mobile devices and Nokia
Siemens Networks infrastructure equipment.  Further, Nokia has agreed not to
use any of its patents directly against Qualcomm, enabling Qualcomm to
integrate Nokia's technology into Qualcomm's chipsets.  The financial
structure of the settlement includes an up-front payment and on-going
royalties payable to Qualcomm.  Nokia has agreed to assign ownership of a
number of patents to Qualcomm, including patents declared as essential to
WCDMA, GSM and OFDMA.  The specific terms are confidential.
    "We believe that this agreement is positive for the industry, enabling
the market to benefit from innovation and new technologies," said Olli-Pekka
Kallasvuo, CEO of Nokia Corporation.  "The positive financial impact of this
agreement is within Nokia's original expectations and fully reflects our
leading intellectual property and market positions."
    "I'm very pleased that we have come to this important agreement," said
Dr. Paul E. Jacobs, CEO of Qualcomm.  "The terms of the new license agreement,
including the financial and other value provided to Qualcomm, reflect our
strong intellectual property position across many current and future
generation technologies.  This agreement paves the way for enhanced
opportunities between the companies in a number of areas."

    About Nokia

    Nokia is the world leader in mobility, driving the transformation and
growth of the converging Internet and communications industries. We make a
wide range of mobile devices with services and software that enable people to
experience music, navigation, video, television, imaging, games, business
mobility and more. Developing and growing our offering of consumer Internet
services, as well as our enterprise solutions and software, is a key area of
focus. We also provide equipment, solutions and services for communications
networks through Nokia Siemens Networks.

    About Qualcomm

    Qualcomm Incorporated (http://www.qualcomm.com) is a leader in developing
and delivering innovative digital wireless communications products and
services based on CDMA and other advanced technologies.  Headquartered in San
Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2008 FORTUNE
500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol
QCOM.

    Nokia Forward-Looking Statements

    It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding: A) the
timing of product, services and solution deliveries; B) our ability to
develop, implement and commercialize new products, services, solutions and
technologies; C) expectations regarding market growth, developments and
structural changes; D) expectations regarding our mobile device volume growth,
market share, prices and margins; E) expectations and targets for our results
of operations; F) the outcome of pending and threatened litigation; G)
expectations regarding the successful completion of contemplated acquisitions
on a timely basis and our ability to achieve the set targets upon the
completion of such acquisitions; and H) statements preceded by "believe,"
"expect," "anticipate," "foresee," "target," "estimate," "designed," "plans,"
"will" or similar expressions are forward-looking statements. These statements
are based on management's best assumptions and beliefs in light of the
information currently available to it. Because they involve risks and
uncertainties, actual results may differ materially from the results that we
currently expect. Factors that could cause these differences include, but are
not limited to: 1) competitiveness of our product, service and solutions
portfolio; 2) the extent of the growth of the mobile communications industry
and general economic conditions globally; 3) the growth and profitability of
the new market segments that we target and our ability to successfully develop
or acquire and market products, services and solutions in those segments; 4)
our ability to successfully manage costs; 5) the intensity of competition in
the mobile communications industry and our ability to maintain or improve our
market position or respond successfully to changes in the competitive
landscape; 6) the impact of changes in technology and our ability to develop
or otherwise acquire complex technologies as required by the market, with full
rights needed to use; 7) timely and successful commercialization of complex
technologies as new advanced products, services and solutions; 8) our ability
to protect the complex technologies, which we or others develop or that we
license, from claims that we have infringed third parties' intellectual
property rights, as well as our unrestricted use on commercially acceptable
terms of certain technologies in our products, services and solution
offerings; 9) our ability to protect numerous Nokia and Nokia Siemens Networks
patented, standardized or proprietary technologies from third-party
infringement or actions to invalidate the intellectual property rights of
these technologies; 10) Nokia Siemens Networks' ability to achieve the
expected benefits and synergies from its formation to the extent and within
the time period anticipated and to successfully integrate its operations,
personnel and supporting activities; 11) whether, as a result of
investigations into alleged violations of law by some current or former
employees of Siemens AG ("Siemens"), government authorities or others take
further actions against Siemens and/or its employees that may involve and
affect the carrier-related assets and employees transferred by Siemens to
Nokia Siemens Networks, or there may be undetected additional violations that
may have occurred prior to the transfer, or ongoing violations that may have
occurred after the transfer, of such assets and employees that could result in
additional actions by government authorities; 12) any impairment of Nokia
Siemens Networks customer relationships resulting from the ongoing government
investigations involving the Siemens (greater than)carrier-related operations
transferred to Nokia Siemens Networks; 13) occurrence of any actual or even
alleged defects or other quality issues in our products, services and
solutions; 14) our ability to manage efficiently our manufacturing and
logistics, as well as to ensure the quality, safety, security and timely
delivery of our products, services and solutions; 15) inventory management
risks resulting from shifts in market demand; 16) our ability to source
sufficient amounts of fully functional components and sub-assemblies without
interruption and at acceptable prices; 17) any disruption to information
technology systems and networks that our operations rely on; 18) developments
under large, multi-year contracts or in relation to major customers; 19)
economic or political turmoil in emerging market countries where we do
business; 20) our success in collaboration arrangements relating to
development of technologies or new products, services and solutions; 21) the
success, financial condition and performance of our collaboration partners,
suppliers and customers; 22) exchange rate fluctuations, including, in
particular, fluctuations between the euro, which is our reporting currency,
and the US dollar, the Chinese yuan, the UK pound sterling and the Japanese
yen, as well as certain other currencies; 23) the management of our customer
financing exposure; 24) allegations of possible health risks from
electromagnetic fields generated by base stations and mobile devices and
lawsuits related to them, regardless of merit; 25) unfavorable outcome of
litigations; 26) our ability to recruit, retain and develop appropriately
skilled employees; 27) the impact of changes in government policies, laws or
regulations; and 28) our ability to effectively and smoothly implement our new
organizational structure; as well as the risk factors specified on pages 10-25
of Nokia's annual report on Form 20-F for the year ended December 31, 2007
under "Item 3.D Risk Factors." Other unknown or unpredictable factors or
underlying assumptions subsequently proving to be incorrect could cause actual
results to differ materially from those in the forward-looking statements.
Nokia does not undertake any obligation to update publicly or revise
forward-looking statements, whether as a result of new information, future
events or otherwise, except to the extent legally required.

    Qualcomm Forward-Looking Statements

    Except for the historical information contained herein, this news release
contains forward-looking statements that are subject to risks and
uncertainties, including Qualcomm's ability to successfully design and have
manufactured significant quantities of CDMA components on a timely and
profitable basis, the extent and speed to which CDMA is deployed, change in
economic conditions of the various markets the Company serves, 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 30, 2007, and most recent
Form 10-Q.
    Qualcomm is a registered trademark of Qualcomm Incorporated.  All other
trademarks are the property of their respective owners.

    
     Qualcomm Contacts:
     Christine Trimble, Corporate Communications
     Phone:  1-858-845-5959
     Email:  corpcomm@qualcomm.com
    

    
     John Gilbert, Investor Relations
     Phone:  1-858-658-4813
     Email:  ir@qualcomm.com
    

    
     Nokia Contacts:
     Nokia, Communications
     Anne Eckert
     Phone:   + 85 269 716918
    

    
     Nokia, North America
     Communications
     Laurie Armstrong
     Phone:   +1 914 368 0423
    

    
     Nokia
     Communications
     Phone:   +358 7180 34900
     Email:  press.office@nokia.com
    

    
     Investor Relations Europe
     Phone:   +358 7180 34289
    

    
     Investor Relations US
     Phone:  +1 914 368 0555

    




For further information:

For further information: Christine Trimble, Corporate Communications,
+1-858-845-5959, corpcomm@qualcomm.com, or John Gilbert, Investor Relations,
+1-858-658-4813, ir@qualcomm.com, both of Qualcomm Incorporated; or Nokia,
Communications, Anne Eckert, + 85 269 716918, Nokia, North America,
Communications, Laurie Armstrong, +1-914-368-0423, Nokia Communications, +358
7180 34900, press.office@nokia.com, Investor Relations Europe, +358 7180
34289, or Investor Relations US, +1-914-368-0555, all of Nokia Web Site:
http://www.qualcomm.com/

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