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

To: Valueman who wrote (13159)	6/24/2000 11:06:00 AM
From: Eric L	Respond to of 13582

Valueman, << "The phones Telson is to make for the Korean market will use Qualcomm chipsets, said Nokia spokeswoman Megan Matthews" >> Yet another slant on the Telson Nokia partnership is clipped below. I don't think it has ben posted here but apologies if it has: >> *Nokia Partners With Telson To Boost CDMA Market Share* rcrnews.com June 23, 2000 RCR Espoo, Finland >> In a move designed to help Nokia gain more market share in the Code Division Multiple Access handset arena, the world's largest mobile-phone maker announced a partnership with Korean manufacturer Telson Electronics to manufacture and supply CDMA products for Korea and other markets. The Korean market accounts for about 40 percent of the world?s CDMA subscribers, but foreign vendors have been unable to crack the market alone. Nokia has been unable to do this despite having the largest mobile-phone manufacturing facility in South Korea. Samsung Electronics, LGIC and Motorola Inc. are the top three vendors in Korea today. Motorola has gained its market share by partnering with local vendors. "Our partnership with Telson will give us the impetus to provide the Korean market with the most competitive and localized CDMA products in the fastest and most effective way," said Nigel Litchfield, senior vice president of Nokia Mobile Phones Asia Pacific business. "Additionally, the partnership will allow us to supplement Nokia's own portfolio of advanced CDMA products." Nokia today has a minimal handset share in the CDMA handset market, but dominates the Global System for Mobile communications and Time Division Multiple Access handset markets. The vendor has struggled to make inroads in the U.S. CDMA handset market as well since the country's largest operator Verizon Wireless is only taking a small number of shipments. << - Eric -

To: Valueman who wrote (13159)	6/24/2000 12:59:00 PM
From: Eric L	Respond to of 13582

>> RUMOR MILL: NOKIA TO BUY QUALCOMM, OXYGEN TO FOLD? America's Network Weekly Grahame Lynch 06/23/2000 americasnetwork.com The two biggest rumors in the telecom industry this week are beauties: one suggests that Nokia may takeover Qualcomm, while another suggests that the ambitious undersea cable proposal, Project Oxygen, may be about to fold. American message boards were abuzz with rumors yesterday that Scandinavian mobile phone giant Nokia was interested in buying out CDMA pioneer Qualcomm. A merged company would have a dominant position in both the rival CDMA2000 and W-CDMA markets for next generation wireless networks. Nokia can certainly afford Qualcomm - its market cap of $250 billion is five times that of Qualcomm's, which has been ravaged by the recent US stock correction. Nokia stock fell dramatically on the NYSE as the rumor swept the Internet yesterday. << - Eric -