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

To: slacker711 who wrote (27364)	10/2/2002 9:19:41 AM
From: slacker711	Read Replies (1) \| Respond to of 196627

Korea added 754,000 new subscribers during September....this looks like the best new sub growth in 18 months. ktf.com I would guess that 2 million handsets were probably sold during the month. I can guarantee that there isnt a huge amount of inventory sitting on Korean operators shelves. The only worry now is if (when?) the government will have another round of subsidy bans. Slacker

To: slacker711 who wrote (27364)	10/2/2002 9:32:03 AM
From: foundation	Respond to of 196627

re: wow! ---------- I think it's healthy to have Russia involved with China and cdma450 at this juncture - and good that development in Russia is progressing. I wonder if plans and incentives might be targeted to rural provinces less served, including northern regions, that may bring Netcom more into play? Hyundai Syscomm, the domestic market leader for 3G equipment, has been testing its own equipment in China jointly with China Netcomm, the firm run by Jiang Mianheng, the eldest of Chinese Premier Jiang Jemin. ========== RUSSIA'S MOBILE OPERATOR DELTA TELECOM STARTS BUILDING A FULL-SCALE CDMA-450 NETWORK BASED ON LUCENT TECHNOLOGIES EQUIPMENT, THE COMPANY ANNOUNCED ON SEPTEMBER 23 TELECOMMUNICATION SERVICES MARKET October 2, 2002, Wednesday For this purpose, Delta Telecom has obtained a $15 million credit from National Reserve Bank for 40 months at 12.5% annual interest rate. Verysell Telecom has been chosen as general contractor for equipment supplies and as a system integrator. Time of the launch depends on Russia's Ministry of Communications who has not granted a license for commercial operation to Delta Telecom yet. The Ministry does not say when it is going to issue this license: "If all submitted documents meet requirements, we shall appoint the time and consider this issue," press secretary of Ministry of Communications, S.Grigorenko, has said. Analysts say that Delta has borrowed money at the interest rate that is by 2-3% higher than average credit interest rate in the industry. "This means that financial institutes consider this investment a rather risky enterprise, analyst of Alfa-Bank A.Bogdanov says. The risk lies not only in missing operation license. The new network is to be built in the very saturated market. There are currently 1.8 million cell phone users in St. Petersburg, and therefore analysts doubt that Delta Telecom's network will be a success. "MegaFon was the first in this market. MTS, who was the second, resorted to dumping practices in order to win its share of the market and covered its losses at the expense of other regions. What will Delta do? How is it going to return the credit?" says K.Chernyshev, head of NIKoil's analytical department. However Lucent Technologies is confident that the project will be a success. "We think that the new technology will help Delta Telecom to enter new markets. The number of manufacturers supporting IMT-MC technology is growing and this is a sign of its good prospects," sales manager of Lucent Technologies, A.Yegorov, says. Lucent Technologies won this supply contract in competition with Chinese companies ZTE and Huawei who offered their equipment for testing free of charge. "We have signed a contract for launching test zones with ZTE and Huawei and now we are waiting for their supplies," says A. Manoshkin, public relations manager of Moscow Cellular Communications (MCC), the operator of the second CDMA-450 test zone. MCC was to complete testing Chinese equipment until October 2002, but the Chinese manufacturers have failed to supply equipment in time. Delta does not refuse from using Chinese equipment either. "We'll deploy a trial zone in the suburbs for testing Chinese equipment. If there are no problems, we shall use Chinese supplies in the future for the expansion of our network in the Leningrad region," press secretary of Delta Telecom M.Bystrova says.