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To: General Crude who wrote (15482)	9/24/1998 11:22:00 PM
From: Ruffian	Respond to of 152472

All; MOT & Q Buddies for once! from Yahoo thread; Finance Home - Yahoo! Message Boards Help - Edit Public Profile - Personalize - Sign Out Top:Business and Finance:Stocks:Technology:Communications Equipment:QCOM (QUALCOMM, Inc.) <- Previous Next -> Message 8203 of 8205 Reply MOT becoming Q's Best Friend?? RyanC11 Sep 24 1998 10:03PM EDT - From KoreaHerald U.S. telecom equipment giant Motorola Inc. is negotiating a $20-million investment with Appeal Telecom Co., a Korean venture firm, an company official said yesterday. ''We are in the final stages of investment talks,'' an Appeal spokesman said. He added that Motorola would get a 35-percent stake in the Korean company. Under the terms of the contract, Appeal would provide Motorola with personal communications services (PCS) handsets using code division multiple access (CDMA) technology on an original equipment manufacture (OEM) basis. The Korean company will also attempt to export its PCS handsets to the United States under its own brand name, the official added. Appeal Telecom, however, must obtain an export license from Qualcomm, the U.S. telecom equipment company that developed the CDMA technology, ahead of shipments abroad, the spokesman said. ''On top of the license, which would cost more than $3 million, the company will also have to pay Qualcomm royalties,'' he noted. Formerly MI Tel Co., Appeal Telecom has secured a considerable share of the PCS market by producing a CDMA-type PCS handset weighing just 79 grams and powered by a small lithium-ion battery. Appeal, which posted a net profit of 9 billion won ($6.4 million) on turnover of 51.4 billion won last year, expects sales to increase to 200 billion won by the end of this year. Motorola's anticipated investment in Appeal Telecom comes as the U.S. communication giant is aiming to take the lead in the CDMA market at home and abroad. After announcing a $300-million investment plan in Korea in May, Motorola has signed contracts worth $15-million and $10-million with Pantech Co. and Telson Electronics Co., respectively. (NIS) View Replies to this Message QCOM: Quote \| Profile \| Research \| Insider This Is a Reply to: Msg 1 by YahooFinance <- Previous Next -> Message 8203 of 8205 Reply Free Real Time Quotes. Create your own club at Yahoo! Clubs Go to: Start \| Most Recent \| Message List \| Msg #: All Boards Only in this Board All Boards & Topics Authors Terms and Conditions Yahoo! is a trademark of Yahoo! Inc. Copyright © 1994-98 Yahoo! All Rights Reserved.