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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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To: Ramsey Su who started this subject	8/25/2000 1:01:11 AM
From: Sully-	Read Replies (2) of 196450

Samsung, Hyundai Lobby Korean Government Over Phone Standard 8/24/00 9:16:00 PM Source: Bloomberg News URL: cnetinvestor.com Seoul, Aug. 25 (Bloomberg) -- Samsung Electronics Co., Hyundai Electronics Industries Co. and other Korean mobile phone equipment makers are asking the Korean government to intervene in the choice of technology used for new mobile phone services that will offer high-speed Internet access. Samsung, Korea's largest electronics maker, led a group to the Ministry of Information and Communication yesterday to ask the government to press at least one of Korea's three bidders for new cellular service licenses to choose the technology they're developing, Qualcomm Inc.'s CDMA2000 standard. ''We are advocating that at least one of the three go with Qualcomm's standard,'' said James Chung, a Samsung Electronics spokesman. ''Right now Samsung and other Korean equipment makers aren't ready for WCDMA.'' In its policy statement on the licensing process, the government said it will ''leave the choice to the industry.'' The three bidders for the licenses -- Korea Telecom Corp., SK Telecom Co. and LG Group -- said they will use a standard called wide band code division multiple access, or WCDMA. If the government leaves the decision to service providers, they've said they will select the WCDMA standard. That will mean Korea's 26 million cellular phone users will be able to use their phones overseas. A majority of countries worldwide are planning to adopt the rival standard favored by Korean phone companies. Rejecting CDMA2000 could be a setback for Korea's phone equipment and handset makers, who've so far mainly concentrated on developing equipment which uses Qualcomm technology. Samsung's Chung said Samsung's WCDMA development is two years behind its CDMA2000 research. The licenses will be awarded at the end of the year. Services are scheduled to begin at the end of 2001. Korea's service providers now all use the current version of Qualcomm's technology. The country represents the U.S.-based company's largest market, accounting for 50 percent of users worldwide using Qualcomm's standard in their phones. Qualcomm says it will receive royalties whatever the choice of technology but has said chipset sales may be hurt if WCDMA is used instead of its standard.

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