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Technology Stocks : Samsung and Wireless

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To: Eric L who wrote (2)11/21/2001 11:32:08 AM
From: elmatador   of 374
 
MSFT pulled the plug of their joint venture with Qualcomm.
Message 16620946

The venture was supposed to boots BREW:

Qualcomm Beefs Up BREW Crew


By Jay Wrolstad
www.WirelessNewsFactor.com,
Part of the NewsFactor Network
April 16, 2001

CEO Dr. Irwin Mark Jacobs has led Qualcomm's BREW initiative, which has attracted Verizon Wireless in the United States, Korea Telecom Freetel, Japan's KDDI and Pegaso in Mexico to deploy BREW.

Korean wireless service provider LG Telecom Ltd. and four device manufacturers are the latest companies to join Qualcomm Inc.'s (Nasdaq: QCOM) BREW (binary runtime environment for wireless) applications platform initiative.

Qualcomm said it has signed nonbinding memoranda of understanding (MOUs) with the 5 companies as well as 18 other software developers. They will join a growing list of firms working on the open source BREW platform, which is designed to speed development of Internet applications for wireless devices.

Among the latest additions is LG Telecom, with an estimated 23 million mobile phone subscribers in Korea and revenues of about US$354 million in 2000.

The manufacturers signed up are Hyundai Electronics Industries, Ltd. and LG Electronics Inc., both of Korea; Cyberlane Inc., a supplier and developer of Qualcomm's CDMA (code division multiple access) technology and products, including handsets, embedded communications modules and PC modem cards; and eAnywhere Tech Inc., a manufacturer of next-generation digital wireless communications devices with operations in North America, South America and Asia.

COMMENTS: MSFT dumped QCOM and LG Telecom in favor of Samsung and Korea Telecom.
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