For Immediate Release
Chicago, IL – August 25, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: China Mobile (CHL), Microsoft (MSFT), Chunghwa Telecom (CHT), Apple Inc. (AAPL) and China Unicom (CHU).
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Here are highlights from Monday’s Analyst Blog:
China Mobile Goes for “Ophones”
China Mobile (CHL) has reportedly entered into a strategic agreement with Taiwan-based High Tech Computer Corp (commonly known as HTC) today to jointly develop 3G smartphones in China. The joint-venture will design and develop handset models (called “Ophones”) based on China Mobile’s home-grown TD-SCDMA 3G technology. The agreement also covers the development of TD-LTE, a 4G mobile broadband technology based network.
HTC, the world’s largest maker of handsets based on Microsoft’s (MSFT) Windows Mobile platform, will develop and supply at least seven 3G handset models by 2010 (including one in 2009). On the other hand, China Mobile will invest RMB47 million ($6.9 million) in the joint-venture and will provide customer service and support. This strategic collaboration will significantly help China Mobile to promote its TD-SCDMA technology in the nascent domestic 3G wireless market.
China Mobile is also exploring opportunities for technology collaboration with other Taiwanese companies such as Chunghwa Telecom (CHT) and MediaTek Inc. Moreover, the company aims to acquire a 12% stake in Far EasTone Telecommunications, Taiwan’s third-largest mobile-phone operator by revenue, for approximately $529 million. This strategic investment will open up an opportunity for network and technology synergies as Far EasTone also plans to develop 3G TD-SCDMA based network.
In addition to the expansion of its 3G TD-SCDMA network, China Mobile is increasingly focusing on developing 3G smartphones to counter competition from Apple Inc.’s (AAPL) iPhones. The company’s closest competitor, China Unicom (CHU), is currently negotiating with Apple to bring iPhones to China, potentially in 2009. China Mobile hopes its relatively low-priced smartphones will drive demand for 3G services in China and boost associated subscriber growth.
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