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

QCOM 171.54

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Nov 10 3:59 PM EST

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To: Ramsey Su who started this subject	4/13/2001 7:20:59 AM
From: foundation	Read Replies (1) of 196584

ROK Launches CDMA Marketing in Asia By Kim Deok-hyun Staff Reporter Information and Communication Minister Yang Seung-taik today will be visiting China and Mongolia as a special presidential envoy to support the sale of code division multiple access (CDMA) technology. During his six-day visit, Minister Yang plans to deliver to Chinese leaders President Kim's personal letter expressing hope for greater cooperation between the two countries in the information and telecommunication sectors. He will also meet with officials from China Unicom, which plans to adopt CDMA technology to develop its third-generation (3G) mobile phone system. China Unicom, the country's second largest mobile phone service provider, recently unveiled a 70 billion yuan ($8.46 billion) investment plan in CDMA mobile phone networks over the next three years. The nationwide network will cover 300 cities and is expected to attract 13.3 million customers this year, with growth of more than 10 million subscribers per year, according to the ministry. Yang plans to ask Chinese Premier Zhu Rongji to pay special attention to Korean equipment makers which are bidding for China Unicom's CDMA business. The Samsung and LG groups, two of the bidders, have expressed interest in promoting ties with China to build its telecommunications infrastructure. Yang is also expected to propose a joint road show of small- and medium- sized companies from both countries to major Chinese cities when he meets China's information industry minister. The move is expected to facilitate a greater exchange of know-how between Korean and Chinese firms. In Mongolia, the minister will meet with President Natsagiin Bagabandi and other ranking officials to exchange views on furthering cooperation between the two countries in the telecommunications field. Korea Telecom bought a 40 percent stake in the Mongolian Telecommunications Company in August 1995. Also, SK Telecom and Taihan Electric Wire are the largest shareholders in SKY Telecom, which has adopted CDMA technology. Separately, the minister is scheduled to visit Indonesia with domestic information-technology entrepreneurs to seek a cooperative relationship between two countries in the software and telecoms equipment sectors. kdh@koreatimes.co.kr ÀÔ·Â½Ã°£ 2001/04/13 17:12 hankooki.com

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