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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: quartersawyer who wrote (10625)	5/25/2000 9:13:00 PM
From: Dennis Roth	Read Replies (3) of 13582

>> If Unicom is short of spectrum, then...(choose one; defend your answer) technology.scmp.com. << Then Unicom goes with GSM because Wu Jichuan head of China's Ministry of Information Industries says so. The issue will not be decided on the basis of technical or economic merit but politics. China Unicom is a state-owned, ministerial-level consortium comprised of several Chinese government ministries, is licensed by the State Council of the People's Republic of China and requires the permission of the Ministry of Information Industries to use foreign CDMA. I predict they will not get it. Wu Jichuan used to run the Ministry of Post and Telecommunications (MPT) when the MPT ran the long-established, government-owned China Telecom now called China Mobile. I don't think he liked it when the Ministry of Electronic Industries (MEI) got a a charter to start up a second telecom system, China Unicom, to compete with China Telecom. When China merged the Ministry of Electronic Industries (MEI) and the Ministry of Post and Telecommunications (MPT) into the Ministry of Information Industries (MII) during one of its periodic power shuffles Wu Jichuan ended up as its head and more powerful than before. The new MII has oversight of both networks. Wu Jichuan, the former head of the MPT and its China Telecom , is head of the new combined ministry, and oversees his former competitor China Unicom. I don't think he wants China Unicom to succeed. China Telecom is GSM and when China Unicom fails it will be easier to fold China Unicom's network into China Telecom if Unicom is all GSM. It doesn't matter what Premier Zhu Rongji and the State Council promise foreigners about CDMA, in this matter Wu Jichuan will get his way. He is the boss of the MII, not Zhu.

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