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

To: slacker711 who wrote (100382)	6/13/2001 11:57:38 PM
From: S100	Read Replies (1) \| Respond to of 152472

They will, they won't, what next? (After all, indecision is the key to flexibility.) Qualcomm May Join LG Telecom to Bid for Last Korea 3G License By Thomas Lau Wed, 13 Jun 2001, 10:00pm EDT Hong Kong, June 14 (Bloomberg) -- Qualcomm Inc. said it is interested in joining a group of companies led by LG Telecom Co. to bid for Korea's third and last license that will allow faster wireless transmissions of data. ``Qualcomm is always interested in anything it can do to drive the CDMA (code division multiple access) market,'' said Executive Vice President Paul Jacobs, in an interview with the Bloomberg Forum. ``We look at how can we build the market. If the opportunities arises, we could be interested.'' In December, the government awarded licenses for so-called third-generation mobile phone services to SK Telecom Co. and Korea Telecom Corp., both of which scored more than 80 points out of 100 in a competitive bid. LG Telecom's bid was rejected on the grounds its technological ability was not as strong as its rivals. LG Telecom, Korea's only unprofitable cellular phone operator, sent letters in May to companies that might be interested in joining a consortium to bid for the third license in Korea. ``We are talking to a number of players in Korea, including LG Telecom,'' said Jacobs, while attending the 3G World Congress: 6th CDMA Mobile Conference in Hong Kong. ``We are already close partners (with LG Telecom) because they have a CDMA network they already launched.'' LG telecom earlier said it's in talks with Verizon Communications Inc. of the U.S. and Canada's Telesystem International Wireless Inc. for a joint bid. quote.bloomberg.com and the other side. Qualcomm says not in 3G talks with Korea's LG Wednesday June 13, 10:22 PM EDT SEOUL, June 14 (Reuters) - U.S. wireless communications technology provider Qualcomm Inc (QCOM) said on Thursday it was not in talks with Korea's LG Telecom (32640) over a possible joint bid for a third-generation mobile service licence. "Currently, we are not in talks with LG and we have not received any instructions from the U.S. headquarters about a 3G bid," Kim Sung-woo, managing director of Qualcomm Korea, told Reuters. "We had talked with LG over a 3G bid, but that was three or four months ago." He was responding to a media report that quoted Qualcomm's vice president Paul Jacobs as saying the U.S. firm was looking at a possibility to expand the CDMA market in Korea. "I have no comment on the report. Also I can't say if we would be interested in the future," said Qualcomm's Kim. Johan Lodenius, senior vice president of Qualcomm CDMA Technologies, said in early May the company was not interested in joining in a local bid as there were already three mobile operators. "We will continue to support them with our CDMA technology. We are more interested in research and development," he told reporters at the time. Qualcomm Korea Ltd said in January it was positively considering jointly investing with other foreign companies in a 3G bid by Korean telecom firms which might include equity participation. Korea in December awarded two 3G licences to two consortia each led by top mobile carrier SK Telecom (17670) and Korea Telecom (30200), the nation's largest fixed-line telephone firm. It plans to sell one more 3G licence based on Qualcomm's CDMA (code division multiple access) technology this year. LG Telecom and Hanaro Telecom (33630), a high-speed Internet service provider, have said they would bid for the remaining one 3G licence. Shares of LG, listed on the over-the-counter Kosdaq market, were up five percent at 7,820 won at 0310 GMT, outperforming the broader index (KQ11), which was up 0.4 percent. Hanaro was up three percent at 3,870 won. ©2001 Reuters Limited. money.iwon.com