Read Larry Connors' blog – Short Term Trading Strategies
During the GSMA Mobile Asia Congress inaugurated in Macao On November 18, 2008, the China Mobile chairman Wang Jianzhou disclosed that Nokia Corporation (NYSE: NOK | Quote | Chart | News | PowerRating) would provide his company with a certain number of terminals that can access both the China Mobile GSM and TD-SCDMA networks.
The agreement about the deal would be signed later. And after that, Nokia would become a key partner of China Mobile, said Deng Yuanyun, vice president of Nokia Global.
In fact, Nokia has long been rumored to serve as a link of the TD-SCDMA industrial chain. But it did not participate in the two rounds of pubic bidding invited by China Mobile earlier for TD-SCDMA terminals.
Mr. Deng attributed the postponement to some problems in its partner. Nokia formerly chose Commit Incorporated, a China- based company, as its TD-SCDMA chip supplier, he detailed, but time was cost to look for another source of such chips as the supplier announced bankruptcy.
Besides Nokia, China Mobile keeps touch with Motorola Inc. (NYSE:MOT) and Sony Ericsson Mobile Communications AB for the purchase of GSM & TD-SCDMA terminals, said Mr. Wang.
When asked about the introduction of iPhone into China, the chairman did not unveil the timetable, only giving that his company is still negotiating with Apple Inc. (NASDAQ: AAPL).
On the other hand, he gave his appreciation to Apple's business model on iPhone, which is operated in cooperation with software developers and content providers. And such a model is expected to be applied to the China Mobile's monternet.com, a wireless data service website, according to analysts, who pointed out that earlier.
During the same meeting, Mr. Wang said that China Mobile would keep attention to overseas telecoms assets, including such assets in the emerging markets, as their prices had been on the low side due to a global economic decline, which generates a good opportunity for acquisition.
In addition, Microsoft Corporation announced days ago that China Mobile would become the first mobile telecoms operator to support the utilization of its mobile phone web-browser named IE Mobile 6, which supports the standards like H.264, Adobe Flash, Microsoft Silverlight.
From dycj.ynet.com, Page 1, Wednesday, November 19, 2008 info@SinoCast.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
