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

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To: Ibexx who wrote (8329)	3/9/2001 1:29:50 AM
From: Caxton Rhodes	Read Replies (1) of 196450

Samsung Launches First Mobile Phone Using CDMA in India From Asia Pulse 08 March 2001 Korean electronics giant Samsung on Wednesday launched its first mobile phone using CDMA (Code Divisional Multiple Access) technology in India, soon after the government allowed basic operators to provide limited mobility. The company also announced the launch of three GSM phone models and said it will invest US$1 million over the next six months in setting up 50 sales and service centres for its telecom product range. "We greatly appreciate the Indian government's decision to give limited mobility to the basic operators in India. The Indian market is strategic, high potential market for us," Managing Director of Samsung Electronics India Information and Telecommunications Ltd (SEIIT) K S Kim said. He said the Indian market was expected to have two million subscribers of CDMA technology this year, and this was a vast opportunity which Samsung has tried to tap with the launch. Kim said CDMA was the most promosing technology in the short-run, and that together with its strong presence in the GSM range of mobile phones, Samsung expects to be a leading telecom company in the country this year. Apart from the CDMA phone, it has also brought a phone with MP3 player, besides two Wireless Application Protocol (WAP) enabled models.

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