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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 177.78

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Jan 9 9:30 AM EST

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To: Ramsey Su who started this subject	2/20/2001 7:39:50 AM
From: foundation	Read Replies (1) of 197155

More firms than expected give up investments in IMT-2000 projects The number of companies deciding not to invest, after all, in the W-CDMA (wide code division multiple access) mode IMT-2000 business exceeded expectations, an official of the Financial Supervisory Service (FSS) said yesterday. The official said that Korea Telecom and SK Telecom recently reported investments made by their consortium partners to the FSS. According to the reports, forfeited shares in KT consortium reached 8 percent and those in SKT consortium came to 4 percent. These percentages are much higher than the 3 or 4 percent that they initially expected, and it could open KT and SKT to criticism that their consortiums are much different from those they advertised when they were given the licenses for the business. KT decided to allocate the forfeited share to companies wanting them while SKT plans to take over the entire volume to strengthen its control over the consortium. Most companies who bowed out of the futuristic telecom business, cited funding problems as the reason. But experts pointed out that the companies seem to have lost their appetite for the business, which is expected to turn out profits only after 2005. (hsshine@koreaherald.co.kr) 2001.02.21 koreaherald.co.kr

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