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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 164.55

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To: DaveMG who wrote (22461)	2/4/1999 11:20:00 AM
From: Ruffian	Read Replies (1) of 152472

Korea Going Wild> CDMA boosts Korean economy By B.H. Seo EE Times (02/04/99, 10:50 a.m. EDT) SEOUL, South Korea — Korean telecommunications equipment makers are expected to ship $1.5 billion in code division multiple access (CDMA) products in 1999, or more than they shipped in the last two years combined, according to a government survey. The Ministry of Information and Communications said CDMA technology, which was first commercialized by South Korea, helped fuel a decade-long production boom in the country. CDMA and other wireless technologies were estimated to have created more than 260,000 jobs here, the government said. At a time when the International Monetary Fund is pressing Seoul to attract foreign investment, the government study found that up to $720 million in investments from Canada, the United Kingdom and the United States could be attributed to commercialization of the technology. The communications ministry said it plans to help Korean manufacturers strengthen ties with overseas CDMA makers. Its long-term strategy is to make the wireless technology a major export item as Korea works to revive its economy. South Korean CDMA manufacturers racked up $924 million in sales between 1996-98, the government said.

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