Qualcomm Moderated Thread - please read rules before posting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 172.94

+1.1%

Jan 2 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ramsey Su who wrote (19883)	3/4/2002 5:15:11 PM
From: Ibexx	Read Replies (4) of 197076

CDMA growth in China will miss estimate - analyst LOS ANGELES, March 4 (Reuters) - A leading Chinese cellular network operator is adding customers to its new network far more slowly than expected and may miss its year-end targets by a wide margin, according to an analyst's note released on Monday U.S. Bancorp Piper Jaffray analyst Sam May issued a note based on a recent trip to China in which he said China Unicom Group and its subsidiary China Unicom Ltd. were likely to add only 3 million subscribers to their Code Division Multiple Access (CDMA) network this year. That is below Unicom Group's forecast of 7 million to 8 million subscribers, May said, and is negative for Qualcomm Inc. (NasdaqNM:QCOM - news), a wireless technology firm that developed the CDMA standard and licenses it worldwide. May said his note was based on meetings with Unicom, handset manufacturers, and equipment distributors. San Diego-based Qualcomm has said that it expects the Chinese market to be increasingly important in 2002, owing to its size and the potential for license fees and royalties. A Qualcomm spokeswoman could not immediately be reached for comment. May said he expected the news on CDMA network development and growth to be negative through at least the middle of this year, with CDMA subscribers making up 1.6 percent of the total Chinese cellular subscriber market by year-end. China Unicom, which already had a network running on the GSM standard, built the CDMA network in 2001 for $2.9 billion. In late February, the company said the growth of CDMA had been slowed because the phones were widely unavailable and more expensive. Ibexx

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next