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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: ftth who wrote (46759)6/28/2019 3:02:17 PM
From: Elroy Jetson   of 46765
 
US offers Huawei a win-win joint-venture with Qualcomm

A joint-venture between Qualcomm and Huawei, with Huawei holding a 60% majority share, will allow Huawei to produce and sell telcom equipement in the United States and allied nations.

The new joint-venture includes a standard technology-transfer agreement, commonly found in all Chinese business agreements, where-in Huawei will grant its majority partner, Qualcomm, ownership of all of Huawei's patents associated with any telecom equipment sold.

A spokesman for Emperor Pooh-Xi told reporters, "The fact that American technology companies are now adopting China's government-mandated business-model, acknowledges China's innovative method of transferring technology is far more efficient than laboriously developing it at great cost and effort."

Telecom industry analysts say the standard technology-transfer requirement is a small price for Huawei to pay in order to gain the opportunity to sell telecom equipment in the burgeoning American and affiliated markets through their American majority-partner Qualcomm.
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