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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.03

+1.0%

3:59 PM EST

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To: Craig Schilling who started this subject	10/10/2000 2:18:01 PM
From: Ruffian	of 152472

Qualcomm Considered by China Unicom, Dow Jones Says (Update1) By David Russell San Diego, Oct. 10 (Bloomberg) -- Qualcomm Inc.'s code- division multiple access telecommunications standard is being considered by China Unicom Ltd. for a wireless network, Dow Jones reported. The Chinese telecommunications company wants to improve a CDMA-based network that it's taking over from China's military, Chief Executive Yang Xianzu said at a news conference. He wouldn't comment on specific plans. San Diego-based Qualcomm developed CDMA's digital technology, which more than 65 million people use. It isn't known when China Unicom will begin work on the network, how big it will be or which version of CDMA it will use, a person familiar with the situation told Dow Jones. Qualcomm shares rose 3.38 to 82.75 in early trading. They'd fallen about 55 percent this year. Chinese officials are expected to make an announcement on CDMA use before the year ends, Dow Jones said, citing an unidentified Western diplomat in Beijing. (DJ 10/10) Year end my ass.....lol.

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