Horizon PCS, the largest Sprint PCS affiliate in terms of population covered, withdrew its planned initial public offering Dec. 4, citing “unfavorable market conditions.” The Chillicothe, Ohio, carrier had registered with the Securities and Exchange Commission in May for an IPO of 9.65 million shares to be priced between $11 and $13.
Qualcomm Inc. moved to make it easier for start-up companies to use its CDMA technology by creating a license program that would replace up-front license fees with equity. Under the program, start-up companies would be able to issue equity to Qualcomm instead of paying the up-front fees in cash, thereby saving that money for research and development costs. Qualcomm said it has already received equity from COM DEV International and Axesstel Inc.
Cellport Systems Inc., which provides in-vehicle wireless communications and telematics systems, said it has received its sixth telematics patent award for the company’s latest product, LinkSelect. LinkSelect automatically chooses the most efficient wireless network if more than one is available, the company said.
EFJohnson Co. received an award from Pennsylvania’s Chester County to expand its 800 MHz multi-net II emergency services communication system, said the company’s owner, Transcrypt International Inc. EFJohnson provides wireless communication solutions for public safety, commercial and government customers.
Qualcomm Inc. and Texas Instruments Inc. have entered a cross-license agreement that will allow each company to supply integrated circuits covering all wireless standards, the companies announced. Qualcomm and TI said the agreement recognizes the value of Qualcomm’s CDMA patents, as well as TI’s digital signal processing and analog patents. All current patents, as well as future ones filed prior to Dec. 31, 2005, will be cross-licensed on a worldwide basis.
