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

To: Dennis Roth who wrote (20262)	3/12/2002 2:39:05 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 196669

Kejian Would Cooperate with Samsung library.northernlight.com Story Filed: Tuesday, March 12, 2002 8:16 AM EST CHINA, Mar 12, 2002 (AsiaPort via COMTEX) -- Hao Jianxue, the General Manager of Kejian expressed that Legend has announced in last week that it would cooperate with Xoceco to establish jointly venture to develop mobile phone business, thereby, the chance for Legend to participate stake in Kejian was very less. China Kejian has set up a joint venture with Samsung Electronics, Shenzhen Zhixiong Electronics and Shanghai Lianhe Investment to produce CDMA handsets for the Chinese market. Kejian is one of the 19 firms that were granted licenses to produce handsets for the impending China Unicom CDMA network. Kejian will hold 21% of the joint venture with Samsung as the dominant shareholder, holding 49%. Shenzhen Zhixiong Electronics will take 20% and Shanghai Lianhe Investment gets the remaining 10%. The total investment planned by the four companies was not disclosed and is subject to agreement by Kejian shareholders later this year. The company will be headquartered at Shenzhen, in Southern China. The successful cooperation of Legend and Xoceco was regarded as the good opportunity for Chinese mobile phone manufacturers. Facing to the huge CDMA market scale of 500 billion yuan, foreign enterprises make efforts to enter into Chinese market through the form of joint venture. From China Telecommunications, Page 2, Friday, March 08, 2002 info@AsiaPort.Com