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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Eric L who wrote (1229)	4/16/1999 7:48:00 PM
From: gdichaz	Read Replies (1) of 54805

To Eric: Info re NT for your watch list. Chinese premier's visit is symbolic of the way China will play Canada and US in telecom. Note that relationships of Northern Telecom go way back to when big wire telecom equip was first provided in China. This is now updated to wireless - both nascent CDMA and established GSM. In addition wire internet leading edge technology. Suggest this company is royalty watch at a minimum. Chaz too Talk : Communications : Northern Telecom (Nortel) To: Kenneth E. Phillipps (2444 ) From: Paul Lee Friday, Apr 16 1999 12:02PM ET Reply # of 2448 Nortel Networks to Build Digital Wireless Network Equipment in China Equity Investment, Contracts Coincide with Visit of Chinese Premier Zhu Rongji OTTAWA, April 16 /PRNewswire/ - 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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