Zoom Technologies (ZOOM) signs a license agreement with Qualcomm allowing it to develop and sell...

|About: Zoom Technologies, Inc. (ZOOM)|By:, SA News Editor

Zoom Technologies (ZOOM) signs a license agreement with Qualcomm allowing it to develop and sell 3G mobile phones using Qualcomm's chip patents; shares +51.3% premarket. Zoom will develop the products for the Chinese market and pay royalties to Qualcomm at standard rates. (PR)