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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.09

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To: foundation who wrote (88484)	11/30/2000 8:28:41 AM
From: foundation	Read Replies (1) of 152472

Nortel and Datang in CDMA-Alliance Story Filed: Thursday, November 30, 2000 5:30 AM EST CHINA, November 30, AsiaPort -- Nortel Network and Datang, a Chinese player in telecom facilities, signed a long-term cooperative agreement to jointly promote the application of wireless Internet solutions. Under the agreement, the two sides will develop CDMA (code division multiple access) products and upgrade Datang's CDMA to CDMA 2000. Nortel claims a dominant market position in all the major 2G and 3G wireless technologies, while Datang is one of the four telecom equipment suppliers in China with sales of US$ 1.9 billion in 1999.

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