Net2Phone's Products and Services to be Bundled with Qualcomm's
Eudora Email Software
Enables Eudora Customers to Use Net2Phone's Award-winning PC-to-Phone
and Phone-to-Phone Internet Telephony Services
Hackensack, NJ./San Diego, Calif.--Dec. 13, 1999--
Net2Phone Inc. (NASDAQ: NTOP) and Qualcomm Incorporated (NASDAQ:
QCOM) today announced that they have signed an agreement whereby
Qualcomm will market Net2Phone's Internet telephony services through
its award-winning Eudora® email software. The marketing agreement
covers both retail and online distribution of Eudora.
Qualcomm will bundle Net2Phone's V.10 software in the Eudora box
at retail and will feature Net2Phone as a sponsor of the company's
new sponsor-supported version of Eudora. Users who download this
new version of Eudora receive the full email client at no charge.
The software displays sponsor messages in the lower left corner
of the interface in a manner that is respectful of the work users
are doing in email.
Net2Phone V.10 is an all-inclusive Internet communications software
solution enabling free PC-to-PC calling, ICQ buddy PC-to-PC calling,
PC-to-Fax and VoicEmail in addition to the company's flagship PC-to-phone
service. Customers only pay for calls that terminate on a telephone
or fax machine. Users can save up to 95% off their international
phone bill by routing calls over Net2Phone, and can also make U.S.
toll-free calls from anywhere in the world.
Qualcomm also will include a co-branded Eudora Calling Card, powered
by Net2Phone, in the Eudora box. The calling card allows users to
place calls and send faxes over Net2Phone's IP network to virtually
anywhere in the world at reduced rates. Net2Phone will handle the
entire back-end operation, including the rating, routing, authorization,
customer service, and web site development, while Qualcomm will
market the product to its Eudora customers.
``We look forward to enhancing our customers' experience by adding
the voice component to their online communications,'' said Jeff
Belk, vice president of Qualcomm and general manager of Eudora Products.
``We are committed to providing our customers with value-added top-quality
services, and we believe this relationship will help us further
``Net2Phone is happy to provide Eudora users with our leading Web
communications voice solution,'' said Yonah Lloyd, vice president
of business development for Net2Phone. ``Qualcomm's products, particularly
Eudora email software, have received high acclaim worldwide, and
we hope that Net2Phone's integration into Eudora's marketing will
add value for customers who buy or download this excellent software.''
Net2Phone is a leading provider of voice-enhanced Internet communications
services to individuals and businesses worldwide. Net2Phone enables
people to place low-cost high quality calls from their computer,
telephone, or fax machine to any telephone or fax machine in the
world. Net2Phone develops and markets technology and services for
IP voice and e-commerce solutions for the web and other IP networks.
For more information about Net2Phone's products and services, please
Eudora, the world's premier email management client software, has
garnered more than 70 industry awards and honors since it was first
released commercially in 1993. Eudora is known for combining ease
of use with extensive message management features that allow users
to take control of their email. Today, there are more than 20 million
Eudora users worldwide.
Qualcomm Incorporated (www.qualcomm.com)
is a leader in developing and delivering innovative digital wireless
communications products and services based on the Company's CDMA
digital technology. The Company's business areas include CDMA phones;
integrated CDMA chipsets and system software; technology licensing;
Eudora email software for Windows® and Macintosh® computing platforms;
and satellite-based systems including OmniTRACS® and portions of
the GlobalstarT system. Headquartered in San Diego, Calif. f.Cali
Qualcomm is included in the S&P 500 Index and is a 1999 FORTUNE
500® company traded on the Nasdaq under the ticker symbol QCOM.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward-looking
statements include, among other things, Net2Phone's expected operating
performance for the three months ending October 31, 1999 and thereafter.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others, the inherent uncertainty of financial estimates and projections,
the competitive environment for Internet telephony, changes of rates
of all related telco rates and services, legislation that may affect
the Internet telephony industry, and Net2Phone's ability to operate
the services described on a large scale commercial level.The forward-looking
statements are made as of the date of this press release, and Net2Phone
assumes no obligation to update the forward-looking statements,
or to update the reasons why actual results could differ from those
projected in the forward-looking statements. Investors should consult
all of the information set forth herein and the other information
set forth from time to time in Net2Phone's reports filed with the
Securities and Exchange Commission pursuant to the Securities Act
of 1933 and the Securities Exchange Act of 1934.
Qualcomm, Eudora, Eudora Pro, Eudora Light, PureVoice and OmniTRACS
are registered trademarks of Qualcomm Incorporated. Globalstar is
a trademark of Loral Qualcomm Satellite Services, Incorporated.
Windows is a registered trademark of Microsoft Corp. Macintosh is
a registered trademark of Apple Computer Inc All other trademarks
are the property of their respective owners.
Vice President, Corporate Communications