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

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To: foundation who wrote (14123)	8/21/2001 8:09:42 AM
From: foundation	Read Replies (3) of 197119

ERICSSON SWITCHES ITS FOCUS TO CDMA Aug 21, 2001, (Dagens Industri /FT Information via COMTEX) -- Ericsson, the Swedish telecommunications and electronics company, is planning to increase its market share to 20 per cent within the area of CDMA mobile telephone systems as the company abandons its ambition to find a solution for the third generation mobile telephone network. CDMA2000 is a 3G standard and Kurt Hellstrom, Ericsson's managing director, recently revealed that the company will focus on this area. Mr Hellstrom said one month ago that interest has increased as a consequence of Ericsson's success in China together with China Unicom, the Chinese mobile telephone operator. CDMA2000 is developed by US companies while WCDMA is developed by Ericsson and its Finnish competitor, Nokia. Ericsson has now given up the focus on WCDMA and will focus on the US standard which is expected to become dominant world-wide while Nokia continues to focus on WCDMA. Abstracted from Dagens Industri Copyright 2001: Financial Times Information, Dow Jones, Dialog

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