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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (32350)	6/15/1999 9:33:00 AM
From: Harvey Rosenkrantz	Read Replies (1) \| Respond to of 152472

The Q will profit even if China turns away from LU and Mot. "It's good to be the king." China, South Korea agree to mobile phone technology ties June 15, 1999 Agence France Presse via NewsEdge Corporation : SEOUL, June 14 (AFP) - China and South Korea agreed Monday to boost business cooperation on mobile phone technologies developed by the United States, officials said. The agreement came at a meeting of government officials headed by South Korean Information and Communication Minister Namgoong Suek and Chinese Information Industry Minister Wu Jichuan. South Korea welcomed the agreement, saying it would help China establish a mobile phone network based on US and South Korean technologies called Cord Division Multi Access (CDMA). "This will help our firms move into the Chinese market possibly ahead of American firms which have been in talks with Beijing to export their CDMA technologies," a South Korean ministry official said. So far European systems have been dominant in China. Competition has heated up between European and US firms to expand their shares in the global mobile phone market. Ministry officials said South Korea said China would loom as one of the world's biggest mobile phone markets in the next century. The two countries will form a special team for joint research and commercialization of CDMA phones, they said. South Korea promised to transfer technologies. But China is expected to introduce them through an international bidding.