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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: D.B. Cooper who wrote (8126)10/15/2000 11:13:27 PM
From: vc21  Read Replies (1) of 65232
 
Big QCOM news:

biz.yahoo.com

Qualcomm unveils CDMA phone for Chinese market
BEIJING, Oct 16 (Reuters) - U.S. wireless technology firm Qualcomm Inc (NasdaqNM:QCOM - news) and Chinese phone maker ZTE Corp will unveil a mobile phone on Monday for Chinese buyers, marking a step forward for Qualcomm in the difficult-to-crack market.

Qualcomm has been trying for years to convince China to build networks using the company's CDMA technology.

The deal with ZTE, a state-owned firm, to manufacture CDMA phones is a sign China is moving towards building mobile phone networks using the standard, a Qualcomm executive told Reuters.

Qualcomm chief executive Irwin Jacobs would appear via satellite at a news conference on Monday afternoon attended by Chinese telecommunications officials in Beijing, the executive said.

A top official from China Unicom, the country's second biggest mobile phone service provider and Qualcomm's largest potential customer, would also attend, the official said.
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