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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (18709)	2/25/2000 10:16:00 AM
From: Uncle Frank	Read Replies (2) of 54805

CDMA in China: Was the recent WSJ announcement a FUD attack? Today's Bloomberg article seems to raise that possibility: quote.bloomberg.com China Information Ministry Says It Hasn't Ordered CDMA Delay By Peter Harmsen Beijing, Feb. 25 (Bloomberg) -- China's information ministry said it hasn't ordered a delay in the establishment of a digital mobile phone network using a U.S.-developed standard, though it left open the possibility that other government departments may have made such a decision. ``The Ministry of Information Industry didn't issue anything to delay the CDMA project,' said Yuan Sutai, a spokesman for the department. ``We don't know if other government departments issued an order to postpone the project.' Yuan's comments came after the Asian Wall Street Journal reported yesterday that China has delayed plans to build a network based on code division-multiple access standard. Qualcomm Inc. of the U.S., which signed a pact with China to deliver technology for the network project, fell 4.9 percent after the report. A delay in the network could be a severe setback for the U.S.- developed CDMA standard in China -- one of the world's fastest growing mobile phone markets -- just as it looked set to gain some ground from GSM, or global system for mobile telecommunications, a European standard dominant in China. Qualcomm signed a licensing agreement with China Unicom, the country's no. 2 phone company, last week and said the Chinese company wants to have network capacity for 10 million users by year's end. Unicom Spokesman Zhang Jiakun said he was not aware of an order to delay the CDMA network.

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