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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 159.42-1.2%Jan 16 3:59 PM EST

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To: foundation who wrote (11801)6/19/2001 7:35:53 AM
From: foundation  Read Replies (1) of 197280
 
CDMA road show to be held in China

By Cho, Shi-ryong
Tuesday, June 19, 2001

CDMA road shows are scheduled to be held in major Chinese cities from June
19 through June 26 to build a cooperative relationship between China, a nation
that is set out to make large-scale investments in CDMA mobile telecom service,
and small and medium-sized mobile telecom businesses in Korea where the
CDMA system first originated.

In particular, the road shows are to be focused on core CDMA parts such as
repeaters since system providers and service operators such as Samsung
Electronics and SK Telecom have already made export contracts for their
equipment and technologies.

Therefore, the planned road shows are likely to decide as to whether the
slumped domestic CDMA industry will be able to recover. The road shows will
place a focus on enhancing CDMA industrial cooperation between the two
countries, establishing venture firms between small mobile telecom businesses
from the two sides and carrying out export consultation.

Prime Minister Lee Han-dong and Deputy Minister of Information and
Communication (MIC) Kim Dong-seon will attend the road shows to promote
domestic IT firms' entry into the Chinese market.
The shows will be held in
Beijing, Shanghai and Shenzhen, and about 40 domestic firms interested in
entering the overseas market will participate.

Repeater makers are expected to attend the show in a large number, along with
terminal and wireless Internet firms, for business presentations, investment
explanatory sessions and product exhibitions. In addition to terminal makers
such as Samsung Electronics and LG Electronics, specialized businesses
including Sewon Telecom, Danam Electronic Communication, ¡¤Main System,
KNC, and Withus will attend the shows from Korea.

About 70 Chinese firms are to participate in the shows - mobile telecom
manufacturers such as ZTE and Datang as well as small and medium-sized
firms and mobile telecom system builders
. In particular, KNC and China
HongShin will exchange a memorandum of understanding (MOU) for a 2,000
dollar-worth repeater export deal during the road shows. Main System also plan
to sign a contract with Datang for 1.1 million worth export items.

"The scheduled road shows will serve to provide small domestic repeater
makers and other part manufacturers with a new market so that small and
medium-sized domestic equipment makers can secure a competitive edge in the
3rd-generation part market," said a MIC official. "During the road shows, we
expect that there will be a number of opportunities for domestic firms, such as
product supplies, joint ventures and technological cooperation," he added.


etienglish.com
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