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Technology Stocks : InfoSpace.com
INSP 86.70-4.6%3:59 PM EST

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To: David Howe who wrote (1694)3/25/2000 2:32:00 PM
From: Estephen  Read Replies (1) of 3070
 
Samsung handsets take large chunk of overseas markets
The sale of Samsung Electronics' wireless handsets overseas is growing at
a fast pace.

The company sold about 1,500 sets in Kazakhstan in February, the first
month they were introduced, according to Samsung Electronics. Sales are
expected to go up to about 3,000 sets per month in the second half of the
year, giving Samsung Electronics a 40 percent market share in the Central
Asian nation.

The company also enjoyed similar success in Venezuela, where it took 50
percent of the market for CDMA (code division multiple access) handsets.
Its wireless handsets have taken 40 percent of the CDMA handset market in
Mexico, where it has local production facility.

In Israel where TDMA (time division multiple access) technology and
analog service are predominant, the company took a 70 percent market share
in the first year of its presence.

The wireless handset export at Samsung Electronics is expected to post 16
million sets, a 61 percent jump over last year's figure.

Information and technology (IT) research firm Dataquest said in its report
last month that Samsung Electronics took the no. 4 spot last year among
global wireless handset makers, having sold 17.69 million sets.
(KHR)

Updated: 03/25/2000
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