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

To: Cooters who wrote (19198)	2/18/2002 7:59:35 AM
From: Cooters	Respond to of 196408

Mitsubishi Elec to supply 3G base stations - paper TOKYO, Feb 18 (Reuters) - Mitsubishi Electric Corp <6503.T>, Japan's third-largest cellphone maker, plans to enter the market to supply base stations for high-speed third-generation (3G) mobile phone systems, a business daily said over the weekend. The Nihon Keizai Shimbun reported on Sunday that Mitsubishi Electric was in talks with the Japanese unit of Lucent Technologies Inc <LU.N>, a supplier to Japan's dominant mobile carrier NTT DoCoMo Inc <9437.T>, about possible cooperation in marketing 3G base station systems in Japan. No comment was immediately available from Mitsubishi Electric or Lucent Technologies Japan Ltd. Last autumn, DoCoMo launched the world's first commercial 3G service, which offers high-speed transmission rates needed for fast Internet access, videoconferencing and other advanced functions. The Nihon Keizai said DoCoMo had already established 3G base stations for services in the Tokyo area and was preparing to expand its 3G infrastructure to other Japanese urban centres. It added that, although Mitsubishi Electric had supplied base stations for previous generations of digital wireless technology, it was not among the companies selected as 3G base station suppliers by DoCoMo in the spring of 1999. Mitsubishi Electric had completed development of 3G base stations and related systems and was set to begin marketing them to DoCoMo and other wireless carriers, possibly in cooperation with Lucent Japan, it said, without identifying sources. Mitsubishi Electric shares were down 1.4 percent at 424 yen as of 0026 GMT, while the benchmark Nikkei average <.N225> was down 0.4 percent. The company's shares have shed more than 20 percent of their value since the beginning of January as Japan's electronics and chipmaking conglomerates came under pressure amid doubts about their near-term recovery prospects. 19:31 02-17-02