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

To: Eric L who wrote (5252)	12/5/2000 2:00:35 PM
From: straight life	Respond to of 197104

Total Telecom's (and ERICY's take) on Q/China MOU China gives seal of approval to CDMA By Ray Le Maistre, Total Telecom totaltele.com 04 December 2000 China's Ministry of Information Industry (MII) has signed a memorandum of understanding (MoU) with U.S. CDMA vendor Qualcomm that is effectively the green light for the roll-out of CDMA and its future migrations in China. The MoU, announced at the ITU Telecom Asia 2000 show in Hong Kong Monday, confirms the MII's support for Qualcomm's 'Framework Agreement' with China's second-largest state-owned telecoms company, China Unicom, from January 2000. That agreement provided the guidelines for the licensing of Qualcomm's intellectual property for the manufacturing and sale of CDMA equipment by Chinese companies. Unicom had been designated by the Chinese government negotiate that agreement. "I had recently been describing our relationship with China as cautiously optimistic. Now I can say that I am optimistic," said Dr. Irwin Jacobs, chairman and CEO of Qualcomm. "We are all looking for the development of CDMA in China, and one way to ensure that is to get the support of the MII. The timing of this is very important," added Jacobs. The news was greeted enthusiastically by other CDMA proponents. "The signing moves us from being cautiously optimistic to positively optimistic about the future of CDMA in China," said Phillip Hester, director of product and technical marketing, CDMA Systems, at Ericsson, adding that this was a sure sign that China was putting its full support behind the wireless technology.