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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 174.18

+1.1%

Dec 18 3:59 PM EST

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To: Ramsey Su who started this subject	7/13/2000 12:36:33 AM
From: Ruffian	Read Replies (1) of 196989

China Transfers Great Wall, Century To Unicom - Official Dow Jones Newswires BEIJING -- The mobile phone businesses of China's military, Great Wall Telecommunications and Century Mobile Communications, are being transferred to China United Telecommunications Ltd., a senior government official said Thursday. Ministry of Information Industry's Deputy Director General of Planning Jiang Shaobing said the transfer of the two units is required as government policy insists that the military can no longer operate businesses. After a recent organization, China Telecommunications Corp. also has no right to operate Code Division Multiple Access, or CDMA, mobile telecommunications networks, Jiang told a news conference. "That's why Great Wall has been transferred to China Unicom. The transfer process is underway now," he said. Asked if the transfer included Century Mobile, Jiang said: "All the mobile network businesses will be transferred from military units to China Unicom." China has licensed two mobile telecoms companies: China Mobile Communications Corp., parent of China Mobile (Hong Kong) Ltd. (CHT) and China Unicom Corp., the parent of China Unicom Ltd. (CHU) which went public recently in China's largest initial stock offering. Army-run Great Wall Telecom, was permitted to run trial networks in four cities employing CDMA technology developed by U.S. Qualcomm Corp. (QCOM). Networks run by Unicom and China Mobile use the competing European GSM standard. China's government has been trying to restructure Great Wall and transfer its networks out of army control in keeping with a 1998 decision to strip the military of their business units. The transfer of Century Mobile to China Unicom also appears to be part of that process.

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