Lucent/China story over on AOL News. I think it is originally from Bloomberg. The time must be in China, because it is 7am CDT now.
Lucent and Konka Link Up to Make Mobile Telephones
Shanghai, Oct. 8 (Bloomberg) -- Lucent Technologies Inc., the world's No.1 phone equipment maker, and Konka Group Co., China's second-largest television maker, will cooperate to make mobile phones for the Chinese market, the China Securities newspaper reported, citing Chen Weirong, Konka's general manager. The U.S. company will provide Konka with advanced technology and help boost its market share in mobile phones to 20 percent in five years' time, the paper said.
Konka's B shares, which can be owned by foreign investors, rose 63 percent this year, while the Shenzhen B-share index gained 37 percent during the same period.
Oct/08/1999 11:36 |
