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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Clarksterh who wrote (431)	8/2/1999 8:56:00 AM
From: straight life	Read Replies (2) \| Respond to of 13582

QUALCOMM CDMA Technologies Participates in Korea Telecom Freetel's Demonstration of High-Speed Packet Data Trials on World's First IS-95B Network - MSM3000 Chipset Provides World's Fastest Wireless Internet Access and Data Transfer Rates - SAN DIEGO, Aug. 2 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM - news), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced its participation in high-speed packet data trials on Korea Telecom Freetel's (KT Freetel) advanced CDMA technology network, the first IS-95B network in the world. This demonstration, using QUALCOMM CDMA Technologies' MSM3000(TM) chip and high-speed system software solution, shows how KT Freetel's IS-95B network will help expedite a global evolution from wireless voice communications to wireless Internet access, high-speed data services as well as the highest quality voice services. MSM3000-based CDMA handsets will transfer data over KT Freetel's advanced network at speeds of up to 64 kbps, which is faster than existing fixed line networks and more than four times as fast as existing wireless networks. ''This demonstration was made possible by contributions from many influential members of our industry including QUALCOMM and Samsung Electronics,'' said Dr. Hong, Won-Pyo, vice president, planning and coordination group of KT Freetel. ''The MSM3000 chipset is an instrumental component in our initiative to provide a new era of Personal Network Services to our Korean customers.'' ''These high-speed data packet trials are testament to a new breed of wireless Internet access and data transfer capabilities that are possible with the newest generation of our customers' CDMA handsets,'' said Don Schrock, president of QUALCOMM CDMA Technologies. ''Our MSM3000 system solution is the first in a series of chip and software solutions that will enable the build-out of high-speed data-capable networks around the world.'' QUALCOMM's industry-leading MSM3000, a fifth-generation single chipset and system software solution, is currently the only available hardware and software solution to support IS-95B data rates up to 86.4 kbps. With over three million Personal Communications Service (PCS) subscribers in Korea, KT Freetel is emerging as one of the world's fastest growing and largest PCS operators. KT Freetel's concept of Personal Network Services (PersNet®) will soon be realized, enabling high-speed wireless Internet access and interactive data communications. PersNet will allow customers to take advantage of electronic commerce, on-line stock trading, on-line banking and travel reservations via access to the Internet through CDMA handsets