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Technology Stocks : QUALCOMM-The Wireless Wonder in 1999

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To: GO*QCOM who wrote (235)5/10/2000 9:10:00 AM
From: GO*QCOM  Read Replies (1) of 343
 
Tokyo, May 10 (Bloomberg) -- DDI Corp., Japan's No.2 mobile phone operator, won't disclose its decision on a next-generation mobile phone standard until Friday, when it formally applies for a license to operate the new service, a DDI spokesman said.

Japanese telecommunications companies DDI, IDO Corp. and KDD Corp., which are set to merge, have chosen the ``cdmaOne'' standard developed by Qualcomm Inc. of the U.S., over one developed by a group of Japanese and European companies, Jiji Press reported, citing unnamed officials at the three Japanese companies.

DDI has made its choice, but won't disclose the decision until Friday, when it files a formal application with regulators, the DDI spokesman said, declining to either confirm or deny the Jiji report.

NTT DoCoMo Inc., Japan's dominant mobile communications company, and Japan Telecom Co., its No.3 mobile phone service operator, have chosen the W-CDMA standard developed by NTT DoCoMo, Sweden's Ericsson AB and Finland's Nokia OYJ.

DDI, which already uses the cdmaOne standard, had been pressured by Qualcomm, which showed its willingness to apply independently for the third and last remaining Japanese license for next-generation mobile phones, Jiji said.

DDI shares fell 30,000 yen, or 2.5 percent, to 1.17 million yen. KDD fell 720 yen, or 5.7 percent, to 11,860, while NTT DoCoMo fell 110,000 yen, or 3 percent, to 3.58 million yen in Tokyo trading. Qualcomm, traded on the Nasdaq market, yesterday rose $2, or 1.9 percent, to $105.

May/10/2000 8:35 GMT
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