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

QCOM 161.39

-1.9%

Jan 15 3:59 PM EST

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To: RetiredNow who wrote (3590)	10/10/2000 6:17:35 PM
From: samim anbarcioglu	Read Replies (2) of 197227

>>China has been using QCOM as a chip in it's negotiating stack for entry in WTO for awhile The US already voted to admit China in to th eWTO last fall. That chapter is closed. Today, the President signed into law the Permanent Normal Trade Relations (PNTR) for China bill. So that is also a closed chapter. But China is still not a WTO member. Guess who is in the way? The UE. They want more concessions from the Chinese: lifting of the Chinese law that prohibits more than 50% foreign ownership in telecom companies; more (telecom) business going toward the EU; and of course an end to CDMA proliferation in China. The Chinese have satisfied the US trade concerns, and the US voted to admit China into the WTO, and granted PNTR. If China does not enter the WTO soon, the culprit is the EU, trying to extract a greater price for admission. China will retaliate, and get tit for tat. The EU business interests in China will suffer proportionately. All of that will be net gain for the US business interests. Best, Sam A.

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