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

To: foundation who wrote (8530)	3/14/2001 7:10:23 AM
From: foundation	Read Replies (1) \| Respond to of 197613

Qualcomm to Join IMT-2000 Bid In connection with the IMT-2000 (International Mobile Telecommunication-2000) bid in Korea, expected to be held in March, Qualcomm, Inc of the US has announced that it will invest as much as the domestic telecom companies require. This announcement is expected to influence the selection of companies for synchronous IMT-2000 business. Sung-woo Kim, regional manager of Qualcomm Korea, said that: "For the development of the Korean synchronous technology industry, we will challenge the synchronous IMT-2000 bid, forming a consortium with the domestic companies. "We are going to allow technological tie-ups and equity-shares, if the Korean companies require," he added. "Qualcomm will participate in shareholding as much as the Korean companies want, and as far as the current laws allow...this is not to secure ownership, but to develop the world CDMA (Code Division Multiple Access) market." There seems little doubt that the consortium with which Qualcomm is involved will win the bid for synchronous IMT-2000 business. Government Involvement With the announcement that Qualcomm is to join the bid, the government's plans for the IMT-2000 business are becoming clearer. "The government intends to make a grand consortium to keep the synchronous business," one analyst in Korea has said. The government has repeatedly emphasized its belief in the need for a synchronous company to develop the CDMA business, to the extent of changing the technology standard policy and selection schedule, despite public disapproval. The government has delayed the selection schedule for the synchronous business bid until March, partly in the hope that LG Telecom might become involved. LG Telecom, which has established a strong foothold in the mobile phone market, does not, however, want to join the bid. Qualcomm's recent announcement has therefore been welcomed by the government. The government's plans for a grand consortium are considered a good first step to securing top quality CDMA technology, especially now that Qualcomm intends to join. Qualcomm is in a better position to participate in the consortium as a package with other cooperative overseas telecom companies or investing companies. "We will be able to recommend some foreign investors, in addition to providing technical cooperation or equity-shares," Kim said. by Luz Park, Seoul (March 2001 Issue, Nikkei Electronics Asia)