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Technology Stocks : Openwave Systems (formerly Phone.com & Software.com) (OPWV)
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To: Rusty Johnson who wrote (14)1/22/2001 7:04:44 PM
From: Rusty Johnson  Read Replies (1) of 184
 
Openwave inks deal with China's largest carrier

By JOHN BORLAND, CNET NEWS.COM

Openwave Systems, formerly known as Phone.com, has signed a technology deal with the largest wireless phone carrier in China, a potentially valuable foothold for the Silicon Valley company.

With a potential consumer base that far outstrips any country in the Western world, China has long been a coveted market for U.S. communications companies. Shifting regulatory sands and an immature consumer market have served to diminish corporate enthusiasm only minimally over the past few years.

China Mobile Communications Corporation (CMCC) will use Openwave's software to provide Net access over mobile phones to its subscribers, the companies said Monday. The carrier serves about 80 percent of China's rapidly growing mobile phone market, and says it has about 66 million subscribers as of the close of 2000.

nytimes.com
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