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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: S100 who wrote (89043)	12/5/2000 12:31:08 PM
From: S100	Respond to of 152472

Korean Firms Head to World's Biggest IT Event The world's largest IT industry event, the "International Telecommunications Union Asia Telecom 2000," will be held in the Hong Kong Convention Center from December 4 through the 9th with over 500 companies from 50 countries worldwide exhibiting their newest cutting edge products. At the Asia Telecom Forum, discussions will be actively carried out on the future of mobile telecommunications, success factors for e-commerce, mutual digital broadcasting, third generation handsets, wireless networks and broadband access. From Korea, Korea Telecom, SK Telecom, Samsung Electronics and LG Electronics will have booths set up independently, while ten small and mid-sized companies will establish a "Korea Pavilion" to exhibit high-tech gadgets including IMT-2000 related products. (Paek Kang-young young100@chosun.com) chosun.com snip --- Unicom, which plans to develop a network that uses the Qualcomm technology known as CDMA, or code division multiple access. The network gives Qualcomm potential access to up to 70 million mobile users in China. Irwin Jacobs, Qualcomm's chief executive officer, said he expects the initial phase of the network to target as many as 10 million users, according to Reuters. "Now I am optimistic," Mr. Jacobs told reporters at a telecommunications conference in Hong Kong. The news sent Qualcomm's shares up $7.00, or 8.43%, to $90.00 as of 4 p.m. Monday in Nasdaq Stock Market trading. The company's struggle in China, the subject of a front-page article in this newspaper, reached a low point last summer when political tensions between the U.S. and China appeared to erode the latter's support for a Jan. 28 agreement that China Unicom had signed with the wireless company. Mr. Jacobs responded with an aggressive lobbying campaign that included help from a high-profile board member, Brent Snowcroft, who has strong ties to China.