Chinese regulators spark telecom stocks
September 05, 2000 by Thomas Coyle
upside.com
NEW YORK -- A possible change of heart on the part of
Chinese telecommunications regulators helped spark the telco
space in early trading today.
Glasnost for Chinese wireless?
Specifically, there may be a turnaround in store in the Chinese
market for code division multiple access, or CDMA, wireless
technology.
Last June, Chinese regulators scuttled China Unicom's (CHU:
+0.75, 23.75) plans to build CDMA networks, disappointing a
number of communications equipment makers -- especially
Qualcomm (QCOM: +0.62, 59.88), which licenses CDMA
technology to domestic and international telecommunications
equipment suppliers.
Now a number of telecom gear makers, including Qualcomm,
Lucent Technologies (LU: -1.12, 41.88) and Ericsson
(ERICY: -0.25, 20.75), say they are getting hints from China
Unicom to the effect that it might get official permission to start
building narrowband CDMA networks early in 2001. |
