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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 180.90

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Oct 31 9:30 AM EST

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To: marginmike who wrote (7800)	3/22/2000 12:36:00 AM
From: LBstocks	of 13582

Standard Telecom makes inroads into China market Standard Telecom, a local telecom equipment manufacturer, said yesterday it has agreed with a Chinese firm to jointly develop and produce CDMA (code division multiple access)-based handsets. The company has signed a memorandum of understanding with the state-run Langchao Group Enterprise Inc., based in Shandung. Joint production is expected to start in the second half of this year, targeting 200,000 units. Standard will provide components and technological support while Langchao will assemble and distribute handsets in China. With the agreement, Standard has secured a bridgehead into the huge Chinese market, said company president Im Yong-sik. The Chinese mobile phone market is estimatGoldbank embroiled in fight over management controled at 3 million units and expected to reach 10 million in 2001. The company expects to provide 1 million units to China by 2002. Founded in 1989, Langchao is one of China's largest telecom firms. The company plans to build production lines for mobile handsets with an annual output capacity of 500,000. Updated: 03/22/2000

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