Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.02

-1.5%

Dec 31 3:59 PM EST

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To: Gregg Powers who wrote (13217)	8/2/1998 10:53:00 PM
From: GO*QCOM	Read Replies (1) of 152472

CHINA's GREAT WALL TELECOM and QUALCOMM.What ever happened to the CDMA systems QUALCOMM,Lucent,Samsung,Motorola and Nortel were trialing in several cities and waiting for the word to expand the systems via contracts.Well it seems that President Jing Zemin ordered the PLA (Peoples Liberation Army)to get out of the business of telecom in late July.The chinese military is being forced to accept reforms that will lead to PLA spinning off telecom holdings.The government is taking on a powerful force in chinese politics to make it happen.Jiang's decree is causing QUALCOMM and the other big wireless vendors to try and figure out whats going to happen and when.No doubt this will be good for future business but how long will it take to sort out and for the PLA to realize its in the best interest of China to get out of the business and let private concerns handle the business.The chinese military operates an eye opening 15,000 business ventures and they won't give up easily.

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