Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: LarsA who wrote (16759)	11/26/2001 12:28:13 PM
From: Ruffian	Read Replies (1) \| Respond to of 34857

Korea's Samsung Elec Sets Up CDMA JV With Shanghai Bell SEOUL -- South Korea's Samsung Electronics Co. (Q.SSE) said Monday it has established a joint venture company with China's Shanghai Bell Co. to develop, produce and sell telecomunications equipment for code division multiple access technology. Shanghai Bell will own 51% of Shanghai Bell Samsung Mobile Communications Co., and Samsung Electronics will own the remaining 49% of the joint venture. The two companies will invest a total of $29 million. The initial investment to start the joint venture will be 12 million won ($1=KRW1,267.70), Samsung said in a statement. China provides wireless telecommunications services based on global systems for mobile communications, or GSM. But China Unicom Ltd. (CHU) plans to start CDMA-based wireless services early next year. Samsung Electronics, the world's fourth largest mobile phone maker and largest CDMA-based equipment maker, earlier this year won a contract to provide CDMA equipment to China Unicom. China Unicom plans to hold another auction next year for supply contracts for CDMA equipment. Shanghai Bell is a maker of wireless switching systems and terminals for broadband services. At 0230 GMT (9:30 p.m. EST Sunday), shares of Samsung Electronics were up 3.8% at KRW230,500. -By Suh Hae-sung, Dow Jones Newswires; 822-732-2165; hae-sung.suh@dowjones.com Briefing Book for: CHU \| Q.CUC \| Q.SSE \| HK0762009410 \| KR7005930003