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

To: Stu R who wrote (6696)	2/20/2000 11:44:00 PM
From: Ruffian	Respond to of 13582

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ S Korea Hyundai Elec Inks Pact To Ship 6M CDMA Handsets SEOUL -- South Korea's Hyundai Electronics Industries Co. (Q.HEL) said Monday it has signed an agreement to export 6 million code division multiple access, or CDMA, handsets to Audiovox Corp. (VOXX) of the U.S. for the next two years. The total value of the export will reach $1.2 billion, marking the largest single export of handsets by a South Korean company, Hyundai Electronics said. Hyundai Electronics said it expects the deal with Audiovox to expand its market share of handsets in the U.S. to about 16% this year from last year's 7%. Hyundai Electronics is a major unit of South Korea's Hyundai Group (Q.HGP). At the midday break Monday, shares of Hyundai Electronics were down 1,300 won to KRW90,000 ($1=KRW1,129.40). -By Chang Woo-hyuk; 822-732-2165; woo-hyuk.chang@dowjones.com