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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: JGoren who wrote (2349)	8/23/2000 1:34:53 AM
From: Caxton Rhodes	Respond to of 197037

Korea's LGIC signs alliance with Lucent for 3G Wednesday August 23, 1:10 am Eastern Time SEOUL, Aug 23 (Reuters) - South Korea's LG Information & Communication said on Wednesday it had formed a strategic alliance with Lucent Technologies Inc (NYSE:LU - news) for joint development and marketing. ``The company signed a memorandum of understanding with Lucent on Monday in New York to seek various ways to jointly develop telecom equipment and mobile handsets for the global market,'' LGIC spokesman Hwang Hong-sok said. Financial details for the agreement will be discussed later as the two sides plan to set up working-level teams to follow up on the MOU, he said. NEXT-GENERATION HANDSETS Under the deal, LGIC and Lucent will jointly push for the development of third-generation IMT-2000 handsets and network systems. Lucent's move to strengthen relations with LGIC, the second largest mobile handset provider in South Korea, comes as the Korean government is set to award three licences for the broadband multimedia IMT-2000 mobile service by the end of this year. Lucent, armed with expertise in CDMA-based mobile network equipment, is expected to beef up its base in Korea through the alliance with LGIC. ``Lucent seems to intend to benefit from LGIC's GSM-based system and handset manufacturing expertise as most global players will inevitably adopt GSM mode for IMT-2000 as it has a bigger global market share,'' LGIC's Hwang said. Korea's mobile carriers currently offer mobile service based on Qualcomm's (NasdaqNM:QCOM - news) CDMA (code division multiple access), but three major IMT-2000 candidates -- SK Telecom , Korea Telecom and unlisted LG Telecom -- suggested in July they might change for third-generation service. The three said they favoured the W-CDMA system developed by Nokia and Ericsson , over Qualcomm's (NasdaqNM:QCOM - news) cdma2000 for third-generation mobile phone systems. They said the W-CDMA technology would allow them to tap into a larger international audience, though local analysts suggested the companies might also simply be seeking a lower royalties arrangement with Qualcomm for next-generation technology. LGIC, a sister company of LG Telecom, said it favours W-CDMA for IMT-2000 mobile service. In June, the company signed a similar alliance deal with Ericsson , a Swedish telecom equipment maker which aims to expand its market share through its W-CDMA IMT-2000 system products in the fast-growing mobile market here. LGIC shares will be suspended from August 30 until it is delisted after it merges with affiliate LG Electronics in early June to better compete in the wireless industry. Shares of LGIC were down 400 won to 59,500 at 0410 GMT