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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 166.81-4.1%3:59 PM EST
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To: lkj who wrote (8002)3/1/2001 10:12:43 PM
From: JohnG  Read Replies (1) of 196660
 
SCMP article. Link in Samam post below

"There were renewed rumours that Ministry of Information
Industry chief Wu Jichuan might be forced to step down due to
pressure from Premier Zhu Rongji, and these added fuel to
the slump in the two Chinese cellular operators' prices.

Rumours suggested there were divergent views in the
development of the mainland's telecom industry between Mr
Wu and Mr Zhu, with Mr Zhu favouring opening up the industry
for competition to stimulate growth, while Mr Wu believes in a
monopolistic stance in which China Telecom could improve
its penetration.

However, these rumours could not be verified. "

JohnG
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