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

To: Keith Feral who wrote (67035)	2/16/2000 10:01:00 AM
From: LBstocks	Respond to of 152472

Qualcomm, China Unicom Ink Pact on Licensing of CDMA Technology By Peter Harmsen Qualcomm, China Unicom Ink Pact on Licensing of CDMA Technology Beijing, Feb. 16 (Bloomberg) -- Qualcomm Inc., a U.S. digital phone technology provider, said it agreed to license its cellular- phone technology to Chinese phone making companies in a move that could widen the use of the U.S.-developed code division multiple access mobile standard in China. The agreement, signed in Beijing by Irwin Jacobs, Qualcomm's chief executive, and by China Unicom, the nation's No. 2 phone company, offers a framework for Qualcomm to let Chinese enterprises manufacture and sell equipment based on Qualcomm's CDMA standard. The Chinese phone makers will be allowed nationwide sale and manufacturing and can also export their products, according to a statement issued to local media after the signing. ``This significant agreement allows the rapid expansion of CDMA in China and supports China Unicom's plans for nationwide deployment of CDMA,' Jacobs said in the statement. While CDMA is the world's fastest-growing cellular standard, its rival European-developed global system for mobile communications technology has had a head start in China. The Chinese government agreed only last March to open its market to suppliers of CDMA equipment. The two companies could not be reached for comment on terms and fees specified in the agreement, which was settled at the end of last month. According to the framework agreement, Chinese manufacturers that sign up with Qualcomm to use its technology must first obtain licenses from the Chinese government to produce CDMA equipment, the statement said. Qualcomm has pledged to sell its digital phone chips at preferential prices to Chinese manufacturers that enter into licensing deals under the agreement. The San Diego-based company will also look into the possibility of localizing chip manufacturing in China, according to the statement. The agreement was reached after several rounds of negotiations in Beijing over the issue of transfer of intellectual property. ``The participation of China Unicom with the Chinese government's authorization during the negotiations was a key factor in the successful conclusion' of the agreement, Jacobs said in the statement. quote.bloomberg.com