Tero, Mucho Mass and, Diamond Jim,
Hope you guys' NOK and my QCOM will do well tomorrow.
I have waited for this moment again for a long time. More news to come later. Good luck to you all.
Sunday October 15, 10:31 pm Eastern Time
Qualcomm unveils CDMA phone for Chinese market
BEIJING, Oct 16 (Reuters) - U.S. wireless technology firm Qualcomm Inc (NasdaqNM:QCOM - news) and Chinese phone maker ZTE Corp will unveil a mobile phone on Monday for Chinese buyers, marking a step forward for Qualcomm in the difficult-to-crack market.
Qualcomm has been trying for years to convince China to build networks using the company's CDMA technology.
The deal with ZTE, a state-owned firm, to manufacture CDMA phones is a sign China is moving towards building mobile phone networks using the standard, a Qualcomm executive told Reuters.
Qualcomm chief executive Irwin Jacobs would appear via satellite at a news conference on Monday afternoon attended by Chinese telecommunications officials in Beijing, the executive said.
A top official from China Unicom, the country's second biggest mobile phone service provider and Qualcomm's largest potential customer, would also attend, the official said. |
