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Technology Stocks : The New Qualcomm - a S&P500 company
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To: Claude who wrote (6329)2/7/2000 10:55:00 AM
From: Jenne   of 13582
 
CDMA DEPLOYMENT EFFORTS MOVE FORWARD IN WORLD'S LARGEST POTENTIAL WIRELESS MARKET - CHINA CDMA PREDICTED TO REACH 40 MILLION SUBSCRIBERS in China by 2003
PR NEWSWIRE - February 07, 2000 10:04
HONG KONG, Feb 7, 2000 /PRNewswire via COMTEX/ -- The CDMA Development Group (CDG) today announced that cdmaOne(TM) deployment in China is rapidly moving forward with expectations to reach more than 10 million subscribers this year and 40 million by 2003. This comes on the heels of China United Telecommunications Corporation's (China Unicom) reiteration last week of the company's plans to rapidly construct a nationwide cdmaOne wireless network to be completed early this year.

"China represents an area of significant opportunity for cdmaOne operators and manufacturers, and the CDG looks forward to continuing its work with China Unicom in deploying its nationwide network," said Perry LaForge, executive director of the CDG. "cdmaOne offers several advantages over other wireless standards including the ability to immediately offer wireless Internet and information services, high-quality voice and security and an economical evolution path to 3G."

Last week, CDG member companies QUALCOMM and China Unicom announced that they have signed an agreement that provides the guidelines and framework for the licensing of QUALCOMM's intellectual property for the manufacture and sale of CDMA wireless equipment by domestic Chinese manufacturers. This agreement clears a significant hurdle in bringing cdmaOne services to the Chinese market.

"In the months to come, the CDG and its member companies will continue our efforts to ensure that China Unicom's aggressive launch plans remain on target," concluded LaForge. "We have worked long and hard to ensure the success of the Chinese CDMA market, and I am proud of what we have achieved. Our working relationship with the Chinese is outstanding. Together we will work to break industry growth records."

The CDMA Development Group is a non-profit trade association formed to foster the worldwide development, implementation and use of CDMA. The 100 member companies of the CDG include many of the world's largest wireless operators and equipment manufacturers. The primary activities of the CDG include development of cdmaOne(TM) and IMT-2000 CDMA features and services, public relations, education and seminars, regulatory affairs and international support. Currently, there are more than 500 individuals working within CDG subcommittees on second and third generation CDMA matters. For more information about the CDG, contact Christine Bock of the CDG News Bureau at +1-714-540-1030, ext. 11, e-mail chrisbock@bockpr.com, or visit the CDG Web site at cdg.org. * cdmaOne is a trademark of the CDG
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