Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LBstocks who wrote (4541)	12/23/1999 11:07:00 PM
From: Mike Buckley	Respond to of 13582

Japanese business daily Nihon Keizai Shimbun said the deal would be worth more than one billion dollars. Anyone wanna bet that's supposed to be yen? If it's dollars, they're probably attempting to value the five-year length of the commitment. --Mike Buckley

To: LBstocks who wrote (4541)	12/24/1999 12:06:00 AM
From: LBstocks	Respond to of 13582

LGIC to set up CDMA-producing base in China LG Information and Communications (LGIC) has formed a joint venture in China to manufacture and market a CDMA (code division multiple access) type WLL (wireless local loop) system there, the company announced yesterday. Guangzhou Post & Telecom Equipment Co. (GPTE) and Guangdong Telecommunication Academy of Science and Technology (GTAST) are LGIC's local partners in the newly formed Guangzhou LG-TOPS Communication Technologies Co. LGIC and GPTE each holds a 40 percent interest, while GTAST holds a 20 percent interest in the new joint venture in which about $160 billion will be invested. When the production facility is completed by the first half of next year, about one million circuits will be produced annually, according to LGIC. The new company will initially concentrate on forming the telecom infrastructure, manufacturing CDMA WLL systems under the LG-TOPS brand name. The company plans to take a majority of China's CDMA WLL market share in three years by eventually manufacturing CDMA handsets as well. LGIC's position in the Chinese telecom market has been greatly boosted through the latest venture, according to the company, as Guangdong Province accounts for over 20 percent of China's mobile telecom market. LGIC has been targeting China as a major market lately. In addition to the latest venture, CDMA WLL export deals with Meizhou City, Heyuan City and Quanzhou City are also under negotiations, according to the company. (KHR) Updated: 12/24/1999