QUALCOMM-The Wireless Wonder in 1999 Message Board

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Technology Stocks : QUALCOMM-The Wireless Wonder in 1999

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To: GO*QCOM who wrote (292)	6/1/2000 4:29:00 AM
From: GO*QCOM	Read Replies (2) of 343

China Unicom Says It Hasn't Scrapped CDMA Plans - Report 05/31 10:31P (DJ) Story 6933 (QCOM) Unicom's commitment to CDMA has come under increasing doubt since it reached a licensing deal in February with California-based Qualcomm Corp. (QCOM), which holds many CDMA patents. Unicom said then it planned a nationwide CDMA network with capacity for 10 million users by year end. But authorities quickly halted the CDMA rollout, and Unicom has yet to move ahead with the plans. Unicom also made scant mention of CDMA plans in a prospectus for a $4 billion-$5 billion global share offering by its unit, China Unicom Ltd., later this month. A Wall Street Journal article last week quoted an investment banker close to Unicom underwriters saying the company "does not have any plans to build CDMA." Renewed worries that the CDMA deal has foundered have jarred Qualcomm's share prices, which fell 13% to 66 3/8 in New York Wednesday after soaring almost 16% the day before. Monday's report cited the Unicom spokesman as saying the CDMA plan "is still on track," but said he declined to add further details. Unicom officials couldn't immediately be reached for comment. The China Daily article also quoted an official at the Ministry of Information Industry, China's telecoms regulator, hinting the government is now pushing development of a CDMA network. "The biggest support from the government is to solely authorize China Unicom to construct and operate the CDMA network," the report quoted MII Vice Minister Zhang Cunjiang as saying last week.

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