From the inception of Omninet, our principals were responsible for the management, strategic development, operations and financing of Omninet Communications Services. In its effort to develop a breakthrough technology, Omninet helped to start a new research and development company in San Diego to develop a revolutionary satellite communications system for the trucking industry. Omninet engineers working on the project were on the cutting edge of research and development in the wireless space, and the two groups merged in the quest to expand the boundaries of wireless communications. This point of convergence jumpstarted Qualcomm’s journey toward becoming a leader in the wireless industry.
Based on Omninet's satellite communications technology, Qualcomm developed and commercialized the proprietary Code Division Multiple Access (CDMA) technology, which has become a standard for mobile communications. This development laid the foundation for Qualcomm to emerge as the worldwide leader in the wireless communications industry. Today, Qualcomm (NASDAQ: QCOM) is an S&P 500 company with a multi-billion dollar market capitalization. Our principals have served on Qualcomm Board of Directors during its emergence as a significant player in the wireless industry.