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

To: slacker711 who wrote (5030)	1/11/2000 9:52:00 AM
From: LBstocks	Respond to of 13582

Motorola, Nokia bolstering presence in Korea Global mobile phone companies such as Motorola and Nokia are expected to step up activities in Korea by launching new products, expanding investment in research and development and strengthening after-sales service, industry sources said yesterday. Motorola sold 2.7 million mobile phones in Korea last year, raising its market share to 17 percent from 2 percent in 1998. The firm aims to sell 4 million phones in 2000 to grab the second-largest share of the market of 30 percent, surpassing LG Information and Communications. Motorola will launch more than ten new models of CDMA terminals and expand the number of service centers to over 30. Research and development (R&D) staff will be raised from 220 to about 330 within this year in order to make its research center in Seoul a global R&D base for CDMA mobile phones. The world's No. 1 mobile phone maker, Nokia, produces telephones for export in a factory in Masan, South Kyongsang Province, and will launch new CDMA products in the Korean market this year. Nokia, which uses the GSM system, has already set up a mobile R&D center in southern Seoul in the latter half of last year and recruited more than 20 R&D experts from large-size Korean firms to make this the first year of advancing into the Korean CDMA market. Updated: 01/12/2000