UTStarcom Unveils the T66, Its First Dual-Mode, Dual-Standby CDMA/GSM Handset and Lucent Wins Contract for Army Project
7 July 2006
Wireless Communications industry news provided by Financial News USA (OTC: FNWU). UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions and services, recently unveiled its T66 dual-mode, dual-standby CDMA/GSM handset. The company also announced that it has signed a contract with China Unicom to supply T66 handsets for its World Wind dual-mode phone service. "We're very happy that our advanced T66 dual-mode solution was selected by the top mobile service brand in China," said Simon Le, senior vice president of UTStarcom China. In a continuing effort to provide the best wireless service for residents and commuters in Mercer County, Verizon Wireless, a joint venture of Verizon Communications and Vodafone (NYSE: VOD) and operator of the nation's most reliable wireless network, has expanded its network with a new cell site in Trenton. The new site increases coverage and capacity along State Street and Olden Avenue, specifically en route to Clinton and Brunswick Avenues. The U.S. Army recently named Lucent Technologies Inc. (NYSE:LU) a prime contractor on a multibillion-dollar communications modernization project, work that might need to be handled by an independent subsidiary once Lucent merges with Alcatel SA of France. There are 10 prime contractors on the project, which is worth up to $4 billion in total. Lucent will engineer, furnish and install a multivendor communications system at Army installations around the world. Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, recently advised that its CEO was quoted in an article written by Jack Bulavsky entitled "Gaming on the Go" appearing in the June 2006 edition of "Casino Journal," whose cover story is "Technology in Hand." In his article, Mr. Bulavsky discusses the exciting future of wireless gaming in Nevada casinos and states that "the future for wireless gaming remains so bright that many operating and wireless gaming manufacturers are wearing sunglasses." About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com Contact Information: Financial News USA Tel: (626) 961-8041 Email: info@financialnewsusa.com
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