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

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: Ramsey Su who started this subject	12/1/2000 6:44:10 AM
From: foundation	Read Replies (2) of 197155

CDMA Mobile Auction Slated for Mid-December in China December 1, 2000 (SEOUL) -- Korean mobile phone players, including Samsung Electronics Co., Ltd., are now ready to take part in a CDMA mobile action held by the Chinese government in mid-December. China Unicom is scheduled to select a mobile phone company that will supply a total of 75 million lines over the next four years. The Chinese telecom company expressed intent to allow entities and joint local companies located in China only to take part in the international auction, which is estimated to value at US$40 billion. Market sources expect U.S. mobile suppliers operating in China, including Lucent Technologies Inc. and Motorola Inc., to have an upper hand in the auction rather than Korean mobile companies, which have yet to proceed with plans to set up a joint mobile phone in China. (Maeil Business Newspaper, Korea) nikkeibp.asiabiztech.com

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