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Essay text:
CDMA market is expected to grow at 37%, MCT is expected to earn around 78% of its revenue from this technology.
Funds requirement:
Funds are required for the various projects which MCT is planning to go for in next few financial years. Requirement is as follows:
1. Patents which were pending or approved by Japan govt. ( by 1998)
2. To fulfill the $3m contract with TTM (in 1998)
3. Roughly 50m YEN were required for short-term capital needs
4. To establish the US subsidiary
5. To recruit right people for further expansion (as the pool from where MCT recruited was about to deplete)
6. For R & D of products ($2...
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