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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 162.00

-2.9%

10:34 AM EST

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To: Ruffian who wrote (31747)	6/4/1999 3:01:00 PM
From: bananawind	Read Replies (2) of 152472

Hyundai Electronics Sees Rising Exports of Mobile Phone Handsets June 4, 1999 (SEOUL) -- Hyundai Electronics Industries Co., Ltd. said May 31 that it will supply an additional 1 million mobile phone handsets in the latter half of this year. The company made the statement following a deal it recently closed with U.S.-based Prime Co. to ship 500,000 CDMA-type handsets. Hyundai beat out Lucent Technologies Inc. and Samsung Electronics Co., Ltd. to win an order from Australia's Telstra Corp. for 100,000 handsets, a Hyundai official said. The company will ship an additional 300,000 handsets to Venezuela's Telcel and 100,000 handsets to Brazil's TeleRJ. Hyundai will ship a total of 2 million CDMA handsets in 1999, amounting to sales of US$420 million. "We attribute our rising exports to the expanding demand for CDMA handsets," a Hyundai official said. (Maeil Business Newspaper, Korea) Related story: Korean CDMA Exports See Brighter Future

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