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TI/Qualcomm Cross-license Agreement Stands

Delaware Court Rules in TI's Favor

Oct 6, 2004

DALLAS (October 6, 2004) -- The Delaware Court of Chancery has rejected a second claim by Qualcomm Incorporated that Texas Instruments Incorporated (TI) (NYSE:TXN) materially breached the parties' cross-license agreement. This latest ruling, in which the court found that no breach of the agreement occurred, follows an earlier ruling, issued in July of this year, in which the court rejected a separate assertion by Qualcomm that TI materially breached the same agreement.

With Qualcomm having abandoned in August a previous claim for damages, the latest ruling disposes of all outstanding claims before the court in the existing litigation between the parties, with the license rights of each party under the cross-license agreement remaining in effect.

"We're grateful for the court's ruling and are pleased to conclude the trial on this note," said Senior Vice President and General Counsel Joseph F. Hubach.

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