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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.80

+0.3%

Dec 5 9:30 AM EST

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To: JMD who wrote (6539)	12/16/1997 12:05:00 PM
From: JMD	of 152472

Here is some interesting news that seems pretty bullish to me. Looks like Hong Kong is dual system but CDMA is catching up rapidly. Read particularly final paragraph; HONG KONG -(Dow Jones)- The telecommunications unit of Hutchison Whampoa Ltd. said Tuesday it will invest five billion Hong Kong dollars (US$645 million) to upgrade its three mobile-phone networks. Hutchison's (HUWHY) Hutchison Telecommunications (Hong Kong) Ltd. unit said it will spend HK$2.0 billion to enhance its global system for mobile communications, or GSM, network and to increase the number of cell stations to 1,000 from 600 next year so that it will be able to take on 600,000 subscribers. Another HK$1.5 billion will be invested into Hutchison's code division multiple access, or CDMA, network. Cellular-station numbers will rise to 500 from 320 by the end of next year. Hutchison said it has begun negotiations for roaming agreements with companies in Singapore and Japan in anticipation of strong growth in CDMA systems around the world. CDMA is a digital wireless communications platform promoted globally by Motorola Inc. (MOT). Roaming services in several cities in China are expected in the near future as well. Hutchison said it will also invest HK$1.5 billion in its pesonal communications system, or PCS, network to allow it to grow to 800,000 subscribers. The telecom company said it is using Motorola technology in all three of its networks and is working closely with Motorola to integrate its GSM and PCS networks. Copyright (c) 1997 Dow Jones & Company, Inc. All Rights Reserved. Transmitted: 12/16/97 11:41 (L100ZZ2L)

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