Thursday June 15, 9:20 am Eastern Time
Company Press Release
SOURCE: StockHouse Media Corporation
Qualcomm Senior Executive Gives StockHouse.com Exclusive Insight Into Tough Chinese Negotiation Tactics
HONG KONG, June 15 /PRNewswire/ -- In a candid interview with StockHouse.com, a senior Qualcomm (Nasdaq: QCOM - news) executive suggested the Chinese government held wireless negotiations ransom with manufacturing contract demands.
``The Chinese government had probably seen the Korean example and wanted to replicate that,'' Anil Kripalani, Qualcomm's senior vice president of technology marketing and international administration told StockHouse.
Mr. Kripalani said when Qualcomm was in negotiations with the Chinese government to expedite their agreement with China Unicom (HK.762) to develop a wireless network in China, authorities were more interested in seeing Mainland manufacturers increase their share of the telecom equipment market.
Mr. Kripalani added, ``So, all along, the advent of this network had been tied to the enablement of Chinese manufacturers.''
This objective, according Mr. Kripalani, caused Unicom to scrap its original plan to build a so-called second-generation narrowband network.
To view the entire interview, please visit www.stockhouse.com.
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StockHouse Media Corporation
Phone: 416-861-9222
E-mail: jfleming@stockhouse.com
About StockHouse Media Corporation
StockHouse Media Corporation is a leading global provider of popular online financial content and community development products. The Company offers global financial content aggregation from over 400 sources, original editorial, interviews with business leaders, a comprehensive equities database and the Internet's first syndicated message forums, the BullBoards(TM). StockHouse has offices and websites in markets around the world including the USA, Canada, Hong Kong, Australia and the United Kingdom. www.stockhouse.com was recently rated by Forbes magazine to be among the best online sources for business and investing news.
SOURCE: StockHouse Media Corporation
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