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

QCOM 175.07

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Dec 3 3:59 PM EST

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To: Cooters who wrote (6573)	2/17/2000 1:54:00 AM
From: Ruffian	Read Replies (2) of 13582

Dr. Jacobs Pleases All, What A Maverick! S Korea's SK Telecom In Alliance With China Unicom SEOUL -- South Korea's leading mobile phone service provider SK Telecom Co. (SKM) said Thursday it has entered a strategic alliance with China Unicom, China's second largest telecom company. Under the contract, SK Telecom and China Unicom will cooperate in developing technology for the next-generation mobile phone service, International Mobile Telecommunications for 2000, or IMT-2000, as well as mutually cooperate in advancing into overseas markets. Both companies will also jointly design new CDMA networks and share know-how in marketing and consulting, the South Korean company said. At 0448 GMT (11:48 p.m. EST Wednesday), shares of SK Telecom were down 500,000 won ($1=KRW1,124) at KRW4.15 million on volume of 11,280 shares. -By Shin Jung-won; 822-732-2165; jung-won.shin@dowjones.com

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