RE: QCOM, Korea news marks the beginning of the unwinding of this year's FUD. The "virtuous" cycle of news for QCOM has begun.
Korea Asks SK Telecom to Use Qualcomm Technology, Papers Say
By Ian King
Seoul, Sept. 9 (Bloomberg) -- Korea's Ministry of Information and Communication asked the country's largest mobile phone service provider, SK Telecom Co., to use technology from Qualcomm Inc., for new cellular services.
The ministry asked SK Telecom to reverse its decision to go with an alternative standard and to try to commercially develop Qualcomm's CDMA2000 standard, the Maeil Business newspaper and other Korean dailies reported.
According to a government proposal SK Telecom would initially use Qualcomm's technology and then, if it proved commercially unsuccessful, switch to using the Wide Band Code Division Multiple Access standard it, and its two rival bidders for three new phone licenses, have said they want to use.
Korea is the largest market for Qualcomm's current generation of mobile phone technology, CDMA, with 26 million of the 60 million worldwide users. |
