Acquired · Nov 15Qualcomm
Launched in 1988 after Qualcomm merged with Omnet, giving up about 50% of its equity for $3.5 million. It made $32 million in 1989 and roughly doubled yearly for five years, funding the CDMA bet.
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Company · Business software
Omnitracs
A satellite messaging network linking trucks to distribution centers, spun out of Qualcomm and Omnet.
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