SANYY and LU are teaming up to develop 3G CDMA2000
cnetinvestor.com
Tech Radar - Comments from SG Cowen
10/5/00 9:06:02 AM
Source: SG Cowen
LU (Buy, $33) Announces 2 Deals; Partners w/ SANYY (NR, $46) On 3G Phones
. SBC (NR, $51) selected LU as the primary provider of data, voice and access infrastructure technology for its national network expansion. The five-year agreement is expected to be valued at more than $1 billion. (Source: PRNewswire)
. LU inked $180MM deal to supply op networking sys to Eletronet in Brazil. (Source: Dow Jones)
. SANYY and LU are teaming up to develop 3G cellular phones compatible with the CDMA2000- 1x telecommunications std for the U.S. market. LU and SANYY said they intend to jointly develop an even more advanced system named 1Xeolution (1XEV). (Source: CBSMW)
CSCO (Strong Buy, $59), NT (Strong Buy, $64), ALA (Buy, $66), MRCQY – SBC contract was competitive win over current primary suppliers to SBC. LU is building momentum into reporting season. Eletronet is a good int’l win; evidence LU is building momentum in optical systems.
NOK (NR, $41), MOT (NR, $30), ERICY (NR, $16), MIELY (NR, $83) – SANYY / LU alliance further evidence global competition for the big three handset mfrs continues to heat up. Separately, this morning, PHG introduced a new chip for mobile phones based on the GPRS std and annc’d it is working w/ MIELY to develop GPRS handsets. |
