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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.77

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To: Craig Schilling who started this subject	3/27/2001 2:00:55 PM
From: Ruffian	Read Replies (1) of 152472

China Group To Invest Billions In CDMA BY KRISTY BASSUENER MARCH 27, 2001 China wireless carrier China Unicom's parent company will invest as much as $2.4 billion by 2002 on buildout of a CDMA mobile network, according to wire reports. Parent China United Telecommunications Corp. previously said its would spend closer to $1.8 billion this year alone. China Unicom will lease access to the network, but the companies did not discuss how it will finance the buildout. The move is a boon for Qualcomm, which has been fighting to get its CDMA technology licensed worldwide. China is one of the world's most coveted markets for mobile manufacturers, and China Unicom is the second-largest carrier in the republic, boasting nearly 13 million subscribers. This morning Qualcomm shares rose more than 6 percent to $60.06

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