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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 159.42-1.2%Jan 16 9:30 AM EST
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To: tradeyourstocks who wrote (6370)1/22/2001 12:43:13 PM
From: laodeng  Read Replies (1) of 197254
 
Thanks MicroE, I was talking history to make my point. It looks now more likely cdma will finally start in March. I think the plan Unicom put up is very good to cdma development. The parent will build the network, money will come from the government. Unicorp may borrow the money from the bank, but both Unicorp and banks are wholly owned by the government. Unicom will pay a rent which is like interest payment and will acquire the network at booked asset value once there is enough customer signed up. China Mobile has been buying GSM assets from parent at 4 to 5 times asset value.

Unicom is going slow because big shareholders presure. Originally, Unicom was going to buy GSM assets from Unicorp, and Unicorp will use that money to build cdma network. Unicom got the majority IPO fund from EU, the GSMers. Also, French Tel is a significant shareholder.

The current plan calls for 10 million users by end of 2002. Much slower than 10 million/year pace. However, once cdma gained foothold in China, it will grow on its own merit.

Unicom is also targeting high-end users who desires internet connections. They plan to test 1x later this year. Since service-bundle is not popular in China, the carrier loyalty is non-exist. If you look the rapid growth of internet users, and their complain about GSM/WAP, it's easy to predict Unicom will do super with 1x. So will Qualcomm.
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