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Technology Stocks : The New Qualcomm - a S&P500 company
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To: Ramsey Su who wrote ()6/23/2000 10:58:00 AM
From: Dennis Roth  Read Replies (2) of 13582
 
Telson, Nokia to jointly develop CDMA handsets - Korea Herald
koreaherald.co.kr

Mobile phone producer Telson Electronics
signed an agreement with Nokia of Finland
yesterday to jointly develop and produce mobile
handsets based on the code-division multiple
access (CDMA) standard.

Nokia, the global cellular industry giant, will
provide the design, user interface and other
technological specifications to the Korean firm,
which will combine them with its own
specifications.

The Korean firm will handle the research,
development and production for the new CDMA
handset model, which will be supplied under the
Nokia brand.

Nokia expects the partnership to boost its
presence in the domestic market.

"Besides expanding its product portfolio,
Nokia will secure the ability to better meet the
requirements of Korean consumers from the
tie-up," said Nigel Litchfield, Nokia
vice-president for Asia-Pacific operation.

The company produces mobile handsets
based on GSM, the European wireless standard,
for exports in a factory in Masan, South
Kyongsang Province.

In a bid to advancing into the Korean CDMA
market, the company set up a mobile R&D
center in southern Seoul last year.

Litchfield said the company will expand its
cooperation with Telson to develop products
targeting the world market, he added.

Founded in 1992, Telson is a leading supplier
of mobile handsets and pagers in Korea. The
company has focused on CDMA products since
1997 and supplied more than 3 million units to
Korean, U.S. and Latin American markets. In
1999, Telson's net sales totaled $350 million.



Updated: 06/24/2000
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