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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 180.21-1.2%Jan 7 3:59 PM EST

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To: Craig Schilling who started this subject9/29/2000 9:57:53 AM
From: Ruffian  Read Replies (2) of 152472
 
Friday, September 29 3:48 PM SGT
JAKARTA, Sept 29 Asia Pulse - Next year will see Indonesia implementing the
Synchronous Code Division Multiple Access [SCDMA] system, the most
sophisticated technology in wireless telecommunications at present, an
industrialist said.

Agung Laksono, president of PT Telekomunikasi Xinwei Selular [TelxSel],
said his company will be the operator and sole distributor of the equipment of
SCDMA developed by XinWei Telecom Technology Ltd of China after the
signing of an agreement between the two companies Thursday.

Laksono said at least US$100 million would be needed in investment to
implement the SCDMA technology including the cost of securing frequency
permit.

The project could be wholly owned by foreign investors or in a joint venture
with local partners, he said.

He said the Chinese investors would provide telecommunications equipment
and managerial assistance.

(ANTARA)

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QCOM Update
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