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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 (20221)	3/12/2002 7:36:13 AM
From: foundation	Read Replies (3) \| Respond to of 196660

China's Haier sees no demand for CDMA handsets By Reuters staff 12 March 2002 A top executive at Chinese white goods giant Haier Group said on Tuesday its mobile phone unit was waiting for purchase orders before continuing to make phones using the Code Division Multiple Access (CDMA) standard. "Without orders, we won't make them," Haier president Yang Mianmian told reporters. Haier began making phones using San Diego-based Qualcomm Inc's CDMA standard in addition to the phones it makes using the GSM (Global System for Mobile Communications) standard, which dominates in China, as well as Asia and Europe. Yang's statement was one of the most ominous signs yet of weak interest in the CDMA service the country's number two cellular operator China Unicom launched this year. Hong Kong and New York-listed China Unicom Ltd has agreed to lease the networks from its parent China Unicom Group, which spent $2.9 billion on the national network last year, in the mostly-affluent provinces where it operates. But Yang said Chinese who can afford a mobile phone already had GSM phones and were unlikely to buy CDMA phones before it becomes common in China for people to have two cellphones. "Consumers haven't gotten to this level, so there really aren't that many people buying CDMA numbers," she said. China Unicom Group said last week it would buy 500,000 handsets from Chinese producers in a bid to calm their fears and to jumpstart the market. Last week, Merrill Lynch slashed its 2002 forecast for Unicom CDMA subscribers to three million from its earlier estimate of 5.3 million. Yang said China Unicom Ltd could stimulate demand by providing phones to subscribers, or "subsidising" cellphone use in the American and European styles. In response to a question about Shanghai Daily newspaper report on Monday that regulators had ordered some of the licensed CDMA handset vendors in China to produce 700,000 phones by early May, Yang said this would not affect Haier's plans. "A ministry cannot order production. How can a ministry order production?" she said. Haier, capable of making five million units per year, had only made "a several hundred" phones so far, Yang said. totaltele.com

To: foundation who wrote (20221)	9/18/2002 12:26:49 PM
From: waitwatchwander	Respond to of 196660

EBL, PBTL sign agreement independent-bangladesh.com Economic ReporterEastern Bank Ltd and Pacific Bangladesh Telecom Ltd recently signed an agreement to facilitate PBTL's nationwide network expansion project held at a local hotel to the extent of Tk 600 million. The agreements were exchanged by Sohail RK Hussain, EVP and Head of Corporate Banking of EBL and Faisal Hyder, Head of Finance of PBTL, in presence of Asghar Karim, Acting Chairman, Faisal M Khan, Managing Director, M Tipu Sultan, Head of Accounts of PBTL and K Mahmood Sattar, Managing Director and CEO, Niaz Habib, EVP and Head of Credit Risk Management, and R Q M Forkan, EVP of EBL. PBTL is currently involved in expanding its network capacities and coverage to more than 52 districts by mid 2003. It intends to increase its network capacity to cater to in excess of 300,000 subscribers. PBTL, the first cellular provider to introduce CDMA technology in the South East Asian region has also recently firmed up arrangements with world-renowned manufacturers Fujitsu of Japan and Motorola Inc of USA to supply the necessary equipment, PBTL is uniquely positioned to provide complete communication facilities to its subscribers in the country and intends to provide many value added services. Asghar Karim, Acting Chairman of PBTL informed about its successful launch of its services to Rangpur recently and added that it is also launching its services to Dinajpur and Sayedpur very soon. K Mahmood Sattar, Managing Director of EBL thanked the PBTL team. Managing Director of PBTL, Faisal M Khan also thanked Corporate Banking Team of EBL for finalising the transaction in a record time.