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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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To: gdichaz who wrote (744)	7/12/2000 2:49:14 PM
From: JohnG	Read Replies (2) of 197674

LOOK LAST PARAGRAPH!! JohnG SHANGHAI (AFX-ASIA) - Zhongxing Telecom Corp is urging the Chinese government to allow the launch of China Unicom's suspended CDMA mobile phone network project, the China Daily Business Weekly reported. "We hope the government and related service operators will reconsider the CDMA system and resume the project as soon as possible," Zhongxing Telecom chairman Zhang Taifeng said, according to the report. Zhongxing Telecom, which is the largest investor in the CDMA system among the country's leading telecom manufacturers, launched a full range of self-designed of CDMA system products in Shanghai last month. "We must take measures to deal with the coming shortage of GSM network frequency resources and a new CDMA network is the perfect option," Zhang said. It is estimated that the country's GSM frequency capacity will be saturated by 2005, the report said. Zhang added that another key reason for launching the CDMA project is to cultivate the domestic telecom industry, noting that foreign telecom manufacturers currently occupy a majority share of the country's GSM network market. The country's eight telecom companies last month signed a CDMA property rights research and development agreement with Qualcomm, which provides Chinese companies with the option to secure a commercial licence at any time during the term of the agreement. Zhang rejected claims that Qualcomm would benefit most from China's CDMA project. "Qualcomm will surely take charge over the CDMA IPR use but it's like computer manufacturing which bundles Intel's Pentium chips and Microsoft's Windows systems," he said.

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