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Technology Stocks : Nokia (NOK)
NOK 6.550-0.9%Jan 16 9:30 AM EST

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To: elmatador who wrote (19558)4/15/2002 9:14:12 AM
From: Eric L  Read Replies (1) of 34857
 
re: Siemens & Motorola 3G phones

>> Siemens, Motorola To Cooperate On 3G Handset Development

Chris Reiter
Dow Jones Newswires
Monday April 15, 2001

Germany 's Siemens AG (SI) said Monday it will cooperate with Motorola Inc. (MOT) of the U.S. in the development of its third-generation, or 3G, mobile phones.

Siemens will introduce its first 3G handset in the fourth quarter this year, based on Motorola's A820 handset.

Siemens' handset will be essentially identical to the Motorola model, but bearing the Siemens name, a Siemens spokesman said.

For the development of future 3G handsets, Siemens has signed an agreement to use Motorola's i.300 chip set. Siemens' first handsets based on Motorola chips will be available in early 2004, the company said.

The agreement with Motorola is Siemens' only existing agreement with a producer of 3G chips, but the spokesman said the relationship between Siemens and Motorola isn't exclusive.

Siemens is currently the world's third-largest maker of mobile phones, while Motorola is ranked as number two.

A Siemens spokesman said Motorola was chosen over other technology providers, because of time to market advantages and performance.

The deal replaces a similar cooperation agreement with Japan 's Toshiba Corp. ( J.TOS), which was put on ice last year.

The agreement with Motorola could also be a blow to Siemens former semiconductor unit Infineon Technologies (NYSE: IFX), which loses out on a deal to provide 3G chips to its former parent company. <<

- Eric -
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