SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 179.59+2.0%10:41 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Craig Schilling who wrote ()6/4/2000 4:49:00 PM
From: Ruffian  Read Replies (3) of 152472
 
Qualcomm may get nixed in China

By Jon Friedman, CBS MarketWatch
Last Update: 4:25 PM ET Jun 4, 2000
NewsWatch

BEIJING (CBS.MW) --.China's second-largest telecommunications
company has ended plans for a mobile phone network using a
U.S.-developed technology standard, according to the official state
newspaper.

The story offers evidence that China United Telecommunications Corp.,
or Unicom, is backing out of a licensing deal with U.S. company
Qualcomm (QCOM: news, msgs), to build a network based on the code
division multiple access standard.

The official China Daily newspaper quoted a senior
Unicom official on Sunday as saying that the
company had no intention of deploying the current
generation of CDMA technology, according to the
Financial Times. See full story. It had planned to
start rolling out a nationwide mobile network with a
designed capacity of 50 million lines this year, requiring an investment of
more than Rmb100bn ($12 bn).

The February deal attracted much attention, occurring after the United
States lobbied China to enlarge the use of the CDMA in a market
dominated by the European developed standard popular in most of the
world. Qualcomm's stock, which had a 52-week high of 200, has
suffered as a result of the speculation. Friday the shares closed at 72
11/16.

The China Daily cited an unnamed Unicom executive as saying that the
timing of building the CDMA system has become unfavorable.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News