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

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: carranza2 who wrote (28705)	11/11/2002 10:42:37 AM
From: Kent Rattey	Read Replies (1) of 197155

If it is CHU, would it make sense for the Chinese to take out Hyundai Syscomm??? LOL's Chinese Firm Woos Hyundai Syscomm by Kim Hee-sup (fireman@chosun.com) China's Jinpeng group, a mobile telecommunications equipment manufacturer, has been looking for ways to acquire Korea's Hyundai Syscomm, a CDMA technology development firm. Hyundai Syscomm had earlier been spun off from its parent Hynix Semiconductor. It was then taken over by 3R, a Korean digital visual image equipment maker, for W59 billion. 3R announced Tuesday that it signed a memorandum of understanding, a non-binding preliminary draft with Jinpeng so that the two could jointly tap China's CDMA equipment and handset market. The Chinese firm is expected to purchase a stake of about 25 to 30 percent in Hyundai Syscomm through an investment of US$10 million. Jinpeng has reportedly disclosed its intention to take over Hyundai Syscomm in full, paying a keen attention to the Korean company's about 3,000 different patents on CDMA technology. A 3R official explained that the Chinese firm has in fact requested a full take-over of Hyundai Syscomm, but 3R could not make any decision, as the transfer of core CDMA technologies to China would have a deep impact on the Korean telecommunications industry.

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