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To: bananawind who wrote (31755)	6/4/1999 3:42:00 PM
From: quidditch	Respond to of 152472

Korean CDMA Exports (losiento si ya postado) : <LG Information Sees Exports Up Five-Fold on Cell Phone Demand Seoul, Japan, June 2 -- LG Information & Communications Co., South Korea's second-biggest cellular phone maker, said its exports could rise five-fold this year as demand for phones that use CDMA technology surges. "All of our resources have been allocated to the CDMA cellular phone business in the past,'' said Hwang Hong Suk, a company spokesman. "It's starting to pay off.'' LG expects exports to total as much as $800 million this year, including $600 million of phones, $100 million of wireless local loops and $100 million of other products, Hwang said. The company had exports of $160 million last year. More and more countries are adopting the U.S.-developed CDMA, or code division multiple access, protocol for mobile phones over the GSM protocol developed in Europe. Mobile phones already surged into third place among Korean exports after semiconductors and liquid crystal display devices. Exports of mobile phones jumped 153 percent in the first four months of the year from a year earlier. Among recent contracts, LG Information will supply a total of 800,000 phones to four U.S. companies, including Bell Atlantic Corp., AirTouch Communications Inc. and GTE Corp. in the first half. It also has orders from Telefonica SA, which operates in the Brazilian state of Rio de Janeiro, and TelCel Cellular CA of Venezuela. LG Information said it also hopes to break into the phone markets in countries including Argentina, Australia, Israel and El Salvador. Samsung Electronics Co., Korea's biggest mobile phone maker, has said it aims to double exports to $900 million this year, betting on growing markets in Brazil, China and Australia.