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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.23

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To: Ron M who wrote (95831)	3/16/2001 1:20:02 PM
From: JohnG	Read Replies (1) of 152472

China Unicom to hold CDMA bidding March 26 China Unicom, China's second largest mobile telecom operator, will hold a bidding for CDMA (code division multiple access) mode wireless system and equipment suppliers March 26, officials here said yesterday. The state-run Chinese telecom company plans to lay 5,000 CDMA lines in 200 cities in 14 provinces by 2003, starting with the launch of the service of 1,300 lines in 14 cities including Beijing and Shanghai this October. For the bidding, the (Korean) Ministry of Information and Communication will soon distribute papers for bidding proposals to domestic and foreign CDMA equipment manufacturers including Samsung Electronics and LG Electronics. The first bidding for the Chinese CDMA project is expected to reach $1.56 billion in value and it's estimated that $2.4 billion worth of handsets will be supplied to China.

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