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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: cfoe who wrote (78462)	8/8/2000 12:04:30 PM
From: S100	Read Replies (1) of 152472

Chinese mobile phones breaking into home market Aug 8 2000 10:17AM Homeway Shanghai's mobile phone market reported that the market share of domestic mobile phones has increased from 1-2% in the past to 10%. The figure is expected to climb to 15% by the end of the year, Xinhua News Agency reported. A recent survey conducted by a research firm in 30 cities showed that 41% of respondents were willing to buy domestic mobile phones. Statistics showed that in the first three months of the year there were 800,000 mobile phones manufactured by ten designated Chinese enterprises. All their mobile phones were almost sold out. These phones will account for half of the domestic market share in the next three to five years, said President of the Eastern Communications Co. Ltd Shi Jixing in a recent interview with Xinhua. (photo: Motorola GC87, manufactured by Eastern Communications) Insiders predict that the number of Chinese mobile phone users will increase by 28 million this year, 10 million more than last year. Five million of them will buy domestic mobile phones. Copyright © 2000 Beijing Homeway Info.Media Ltd. All Rights Reserved. chinaweb.com

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