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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 179.84

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To: JRH who wrote (37493)	8/2/1999 12:15:00 PM
From: KyrosL	Read Replies (4) of 152472

Is this a knock against China's supposed adoption of CDMA? Probably not. The existing China network is mostly GSM. Motorola has large investments in China so it's natural for the Chinese to prefer to do business with it. And Nokia is a non-NATO company (see below, note its deal with Unicom). China is sending a message here. I couldn't believe the paltry $4.5m compensation offered by the US for the Chinese embassy bombing and our refusal to pay for the reconstruction of the embassy. Nokia Clinches 500-Million-Dollar Deals In China Xinhua via NewsEdge Corporation : BEIJING (July 30) XINHUA - The Nokia corporation, a leading supplier of Global System of Mobile Phone (GSM) in the world, has struck a number of deals with Chinese telecom firms this month to expand GSM networks in China. The contracts are valued at 500 million US dollars. One deal was reached this week between two of Nokia's joint ventures in China -- Beijing Nokia Mobile Telecommunications Ltd and Beijing Nokia Hang Xing Telecommunications System Co. ltd -- and Beijing Telecommunication Administration (BTA) for further expansion of the BTA network. Under the agreement, Nokia will deliver BTA GSM equipment including its mobile switch centers, home location registers, base stations and base station controllers. Nokia's intelligent network platform and Chinese-language Short Message Services are among the value-added services currently in use in the network. Before that, the two joint ventures also signed an agreement with Fujian Mobile Telecommunications Bureau on expansion of its GSM network with contract value exceeding 2.6 billion yuan (300 million U.S. dollars). Other agreements this month also include those with three branches of China United Telecommunications Corporation (China Unicom). Finland-based Nokia has supplied GSM technology to 84 operators in 38 countries and regions so far. In 1998, its net sales totaled 15.7 billion U.S. dollars.

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