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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 137.34+0.8%Feb 6 9:30 AM EST
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To: foundation who wrote (20174)3/11/2002 9:44:08 AM
From: Jeff Vayda  Read Replies (1) of 197627
 
Interesting article Ben. Can you say "Contradiction"? Jeff Vayda

from your post:

snip<<...LG Telecom said yesterday that the company would not launch commercial operations of a CDMA2000 1X EV-DO (evolution data optimized) network.

At a Kosdaq conference held at the Shilla Hotel, LG Telecom Senior Managing Executive Lee Sang-min said the company is not considering to upgrade its mobile phone network to the EV-DO, because of low demand and
technological glitches. ....>>

Then this from Monet's PR:

LG Electronics, one of the world's leading providers of CDMA infrastructure equipment, provided equity and
equipment financing to the company. LG's technology is being used in Monet's current markets, and will be deployed in additional markets in North Dakota, South Dakota and Minnesota.

"When we saw how Monet was using CDMA2000 1X and their plans for 1xEV-DO, we instantly wanted to be
involved beyond our role as an equipment vendor," said Ghung Gun Park, president and chief executive officer of
Information and communications system company of LG Electronics. "As the market leader of CDMA 2000 in Korea, we've seen the impact this technology has made in Asia. We expect Monet will catapult its adoption in the U.S."
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