CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST! Message Board

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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!

QCOM 175.25

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Dec 19 9:30 AM EST

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To: Henry Niman who wrote (1680)	2/26/1997 11:24:00 PM
From: Len Hannegan	of 1819

News drop: Qualcomm, ITI Target India's Emerging Wireless Market 02/26/97 NEW DELHI, INDIA, 1997 FEB 26 (NB) -- By C. T. Mahabharat. Qualcomm Inc., [NASDAQ:QCOM] based in San Diego, California, has signed an agreement with the Indian public sector enterprise, ITI Ltd., to jointly address the emerging multi-million dollar wireless local loop (WLL) and rural telecom market in the country. "The agreement aims at utilizing Qualcomm's CDMA (Code Division Multiple Access) technology to enable ITI to compete for the Asian Development Bank's (ADB) US$11.4 million tender for rural telephones in the circle of Uttar Pradesh (East)," said S.S. Motilal, chairman, ITI. ADB's tender for the circle of Uttar Pradesh (East) has specified the use of macro-cellular technology which provides CDMA in building the networks. Commenting on the role of CDMA technology in the country, B.A. Majmudar, vice president, Qualcomm International, said, "CDMA is poised to usher in a revolution in the country by offering instant wireless phone connections to subscribers at their premises." Qualcomm has set up a US$0.86 million QC-Tel project for the Department of Telecommunications (DOT) at the Bhikaji Cama Place Exchange in New Delhi. As part of the agreement, ITI will manufacture CDMA products based on Qualcomm technology and fine-tune them to suit Indian requirements. These products are intended for prospective basic service providers.

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