Nokia and Qualcomm Enter Into a New Agreement

Espoo and San Diego (ots/PRNewswire) -

- Companies Agree to Settle All Litigation -

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 >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

Web site: http://www.qualcomm.com

ots Originaltext: Qualcomm Incorporated; Nokia
Im Internet recherchierbar: http://www.presseportal.de

Contact:
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