Couple of news articles I found. Would someone here tell me if the resent release from Nortel is good for GEMS?
news.com
newswire.ca
Nortel Networks to Build Digital Wireless Network Equipment in China
Equity Investment, Contracts Coincide with Visit of
Chinese Premier Zhu Rongji
OTTAWA, April 16 /CNW/ - Nortel Networks (NYSE: NT/TSE: NTL) will build
digital wireless network infrastructure equipment in China to expand its
presence in the burgeoning Chinese wireless market.
In a series of agreements signed in conjunction with today's visit by
Chinese Premier Zhu Rongji, Nortel Networks concluded additional equity
investments of more than US$30 million in joint venture company Guangdong
Nortel to initiate local manufacturing of cdmaOne and GSM wireless equipment
for the Chinese market.
Nortel Networks also signed agreements worth US$60 million with China
Unicom for expansion of two existing GSM digital wireless networks in Zhejiang
province.
''These agreements continue our 27-year history of investment in the
Chinese market,'' said Robert Mao, CEO and president, Nortel Networks China.
''Now we look to the future, harnessing our innovation to help evolve China's
communications infrastructure to deliver the integrated data, Internet, video
and voice services of tomorrow.''
The Chinese Premier's visit included a preview of the future - the
world's first public demonstration of cdma2000 third generation digital air
interface technology for delivery of very high-speed (384 kilobits per second)
data, video and other wireless Internet services.
Today's preview also included a demonstration of sophisticated software
for controlling quality-of-service over IP (Internet Protocol) networks. This
software allows an operator to ensure the highest levels of transmission
quality and reliability to users of premium services.
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For further information: Mark Buford, Nortel Networks, (972) 684-8512,
mark.buford@nortelnetworks.com; Sharon Tang, Nortel Networks,
8610-65237788, tangs@nortelnetworks.com; Kelly Norgate, Nortel Networks,
(905) 863-6254, kellynor@nortelnetworks.com; Or visit Nortel Networks'
website at www.nortelnetworks.com
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