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

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To: Ramsey Su who started this subject	3/6/2002 7:51:58 AM
From: foundation	of 196569

Qualcomm to invest in CDMA tech NEERAJ SAXENA TIMES NEWS NETWORK [ WEDNESDAY, MARCH 06, 2002 1:47:33 PM ] AFTER taking a minority stake in Reliance Infocom, San Diego-based wireless technology giant Qualcomm on Wednesday said, it now plans to focus its investments in India on development of software applications for advancing the spread of Code Division Multiple Access technology. Qualcomm Chief Executive Irwin Jacobs told the Times News Network that the company is on the look out for strategic investments for advancing developments in CDMA technology in the country. Jacobs said that the company would also look for partners to set up a CDMA R&D facility in the country. The estimated cost of such a set up would be around $20 million, directed from Qualcomm's $400 million global fund. Qualcomm may also tie up with some third party that manufacture CDMA hand sets, said the chief executive. For this purpose, the company plans to take up equity positions in software application development firms that are involved in development of applications related to CDMA technology Qualcomm had in January this year taken a 4 per cent stake in Reliance Infocom, the telex and IT arm of Reliance group, for $200 million. Reliance Infocom plans to introduce mobile phone service across the country based on Qualcomm’sa CDMA 2000 1X technology. The technology can transmit both voice and data and offer features comparable with 3G technology. CDMA 2000 1X technology can transmit data at a speed of 307 kbps as compared to 9.6 kbps on GSM. Jacobs said India would emerge as one of the biggest markets for CDMA technology in the world. CMDA WLL technology is advantageous in built-up, densely populated urban areas, where laying of cable is neither easy nor economically viable. Its also useful in adverse terrain and remote and rural areas where subscriber density is low. economictimes.indiatimes.com

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