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

To: voop who wrote (2706)	9/3/2000 1:01:44 AM
From: JohnG	Read Replies (1) \| Respond to of 196649

SK stops handset distribution--another take. JohnG totaltele.com Total Telecom Asia SK Telecom Stops Handset Supplies to Cut Market Share RDSL 31 August 2000 SK Telecom of the Republic of Korea has been forced to stop supplying mobile handsets to retailers in order to comply with a government ruling requiring the company to reduce its market share to less than 50%. The government ruling is a condition of approval for the company's acquisition of rival firm Shinsegi Telecom. Since the acquisition was announced, the market share for the combined group has fallen by 0.1% to 57.52%.SK Telecom claims that stopping supplies to retailers is its last option, as other efforts to reduce market share have not worked. The company claims that the move will reduce consumer choice and harm small retailers. The company attributes its failure to reduce its market share to a government ban on the subsidizing of mobile phones by operators, which has led to a decline in the number of mobile subscribers.