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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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To: Ramsey Su who started this subject	1/7/2001 7:35:22 PM
From: Cooters	Read Replies (1) of 196971

Qualcomm May Participate in Korea Phone License Bid, Paper Says --From AOl.-- Cooters Seoul, Jan. 8 (Bloomberg) -- Qualcomm Inc. may participate in a bid for a mobile phone license in the largest market for its technology, the Korean Economic Daily said. Qualcomm has received requests from Hanaro Telecom Inc. and the LG Group and is in discussion with them, the paper said, citing an unidentified official of the San Diego-based company. Korea will take proposals this month for the third of three licenses to provide new cellular services, which include faster access to the Internet. The bids must specify that they will use Qualcomm's code division multiple access 2000 standard. Qualcomm is in touch with a number of local companies to try to find ways to stimulate the CDMA market, an unidentified official of the Ministry of Information and Communications was quoted as saying. Korea's 27 million mobile phone subscribers all use phones based on Qualcomm standard CDMA. The country is home to more than half of the world's users of that standard. In December, two other licenses were awarded to groups led by Korea Telecom Corp. and SK Telecom Co. who specified they will use rival wide-band CDMA technology. An LG Group based on WCDMA and a Hanaro bid choosing CDMA2000 were rejected. The remaining license will be awarded in March with applications due by the end of this month. Bidders must be from groups of companies and the government is charging a minimum of 1.1 trillion won ($871 million). (Korean Economic Daily 1/8, p.17) {KECD <GO>} Jan/07/2001 19:21 ET

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