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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 151.70-0.7%2:21 PM EST
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To: Dennis Roth who wrote (36)6/28/2000 12:16:00 AM
From: Dennis Roth   of 197418
 
SIEMENS TO INVEST $1.5 BLN IN ASIA BY 2003

andovernews.com
>>
First trials of TD-SCDMA systems with
Chinese mobile network operators are
scheduled to start early next year and
commercial systems are expected to be
available at the end of 2001.<<

BEIJING, Jun 27, 2000 (AsiaPulse via
COMTEX) -- Germany's Siemens will
invest US$1.5 billion in Asia by 2003, in a
bid to exploit the largest potential market
for mobile business solutions.

Mobile business is based on the integration
of electronic business, mobile
communications and IP-based networks.

The investment plan was announced here
on June 27 by Rudi Lamprecht, president
of Siemens Information and
Communication Mobile Group.

This will be the largest investment of its
kind by Siemens in Asia. The investment
will be used in marketing, research and
development and production facilities in
information and mobile communication
areas.

Of the total, $1 billion will be spent in
China, which is regarded as Asia's biggest
market for mobile business solutions in the
future.

Siemens and the Chinese Academy of
Telecommunications Technology have
jointly developing a new standard for third
generation mobile networks, TD-SCDMA.

First trials of TD-SCDMA systems with
Chinese mobile network operators are
scheduled to start early next year and
commercial systems are expected to be
available at the end of 2001.

Siemens recently signed a memorandum of
understanding with China Unicom, the
second largest GSM network operator in
China. The partnership foresees close
cooperation in the fields of GSM and
intelligent networks as well as in new
technologies such as WAP, GPRS and 3G.

Siemens has already forged regional
partnerships with application developers
and content providers such as China.com
and Shanghai Online in order to deepen its
penetration into the Asian market.

The huge investment is expected to help
Siemens to increase its market share in all
mobile technologies in Asia to 15% by
2002, from the current 8%.

This will make it possible for the company
to reach its goal to become one of the three
largest suppliers of mobile
telecommunication solutions in Asia in the
coming two to three years.

(XIC)

(C) 2000 Asia Pulse Pte Ltd
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