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Wingcast project dissolved

Published Monday, July 01, 2002

Qualcomm Inc. has announced the dissolution of Wingcast LLC, a joint venture it created in October 2000 with Ford Motor Co. to provide in-vehicle telematics services using Qualcomm's Code Division Multiple Access (CDMA) digital wireless technology. The telematics venture had planned to release a remote safety and security system for light trucks and cars sometime next year, and hinted that it would follow up with fleet applications for its services (see “Telematics: The next generation of wireless data,” FO 2/02, pg. 80). Qualcomm invested $25 million In Wingcast and held a 15% equity stake in company. Since May ...

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