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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.37

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2:15 PM EST

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To: JohnG who wrote (95832)	3/16/2001 1:50:01 PM
From: Rajala	Read Replies (1) of 152472

>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. Very interesting, JohnG. Especially interesting it was to note that the Chinese and Korean governments have finally joined hands and the Koreans are running the bidding procedures. Another interesting point was the total massive size of the project: up to 5000 lines. With 30 mErlang user figures that makes up to 160,000 subscribers. Divided to 200 cities this makes over 800 subscribers per city. Not a bad number and certainly better than none. Also the price levels were kept adequate, to say the least. 2.4 billion in handsets to 160,000 subscribers means that the average price of a handset is no less than 15,000 USD. This is certainly better than the GSM camp can muster. Keep up the accurate reporting JohnG - rajala

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