marginmike, all interested in QCOM, which is indicated higher, an interesting story this morning:
EDIT: Sorry, Heinz...I thought I was posting to marginmike.
Symbol(s) QCOM & Date
Use Page Up, Page Down, +, -, or press ë
--------------------------------------------------------------------------------
06/01 9:06A (DJ) =DJ Denials Aside, China Unicom Unlikely To Deploy CDMA
Story 2092 (QCOM-D, QCOM, I/CMT, I/TEL, N/DJN, N/DJWI, N/CAC, N/DJS...)
By Jason Dean
BEIJING (Dow Jones)--China United Telecommunications Corp. or Unicom, is
sending mixed messages about its plans for CDMA, but analysts say there is
little chance it will push ahead with the U.S. wireless technology in its
current form.
Thursday, a state-run newspaper quoted a Unicom spokesman as saying the
company hasn't junked CDMA, and that plans to roll-out a CDMA network in China
are "still on track."
But Unicom has been sending a different signal to prospective investors in
China Telecom Ltd., the unit it plans to float in New York and Hong Kong later
this month.
Unicom and its underwriters for the $4 billion-$5 billion IPO have said CDMA
isn't in their short-term plans. Instead, they've played up intentions to
develop mobile networks using GSM, the rival wireless technology that fuels
Unicom's existing mobile networks.
Analysts say prospective investors are getting the more accurate line. While
political considerations may be driving Unicom to keep hope alive for CDMA,
they say, there is little chance it will push use CDMA in its current form.
That's bad news for Qualcomm Corp. (QCOM), with which Unicom has a licensing
|
