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

QCOM 175.07

+2.6%

Dec 3 3:59 PM EST

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To: foundation who wrote (32763)	2/24/2003 7:32:22 AM
From: foundation	Read Replies (1) of 196824

China Unicom to begin building 3rd-phase of CDMA network this yr - president AFX - Asia February 24, 2003 BEIJING (XFN) - China United Telecommunications Corp (China Unicom) will begin building the third-phase of its CDMA network this year, with a planned capacity of 13 mln subscribers for the project, the Beijing Morning Post quoted China Unicom's president Wang Jianzhou as saying. Wang said each of the company's first and second-phase projects of its CDMA network has a capacity of 15 mln subscribers. He said China Unicom will largely develop both its GSM and CDMA networks this year, and try to make the company's ends meet for its CDMA businesses in 2003. He also said China Unicom will encourage some provincial branches, especially in coastal Chinese provinces, to generate more profits this year. China Unicom and US-based QUALCOMM Inc (NASDAQ QCOM) will start the world's first trial of GSM1x technology in the eastern province of Jiangsu, which will allow GSM users to access the high-speed data services of China Unicom's CDMA2000 1X network and speed up the commercial availability of GSM/CDMA dual-mode handsets. The trial, which is being conducted in the city of Suzhou in Jiangsu and scheduled to begin formal operations in the second quarter, will eventually enable China Unicom's GSM customers to enjoy roaming services between CDMA and GSM networks by using a SIM-enabled dual-mode GSM/CDMA handset. China Unicom Ltd (HK 0762; NYSE CHU), a Hong Kong listed arm of China Unicom, is a component stock of the FTSE/Xinhua China 25 Index. For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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