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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	1/18/2001 7:20:42 AM
From: foundation	Read Replies (2) of 197157

CDMA still go for Unicom, maybe Tuesday, 16 January, 2001 China Unicom has sounded out plans to invest up to 15 billion yuan ($1.8 billion) to upgrade the five trial Great Wall CDMA networks it recently received from the government. According to a report in the South China Morning Post, Unicom plans to upgrade the existing network with 2.5G IS-95B technology to target high-end business customers – a highly unlikely proposition given CDMA's extreme difficulty in roaming overseas. Furthermore, reports by analysts suggest that Unicom doesn't have the money to spend on CDMA, especially when its GSM network remains underused and its upgrade to GPRS incomplete. In addition, unlike its Hong Kong-listed subsidiary, China Unicom (Hong Kong), Unicom does not have easy access to investor capital. "How the parent company will find $1.8 billion funds remains a mystery," said a report from ABN AMRO. "In addition to no visible funding for the network, we are concerned that this is just another round of posturing for China's imminent WTO entry and will not amount to much in the way of concrete development," the report added. telecomasia.net

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