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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%3:59 PM EST

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To: GO*QCOM who wrote (23296)2/23/1999 11:46:00 PM
From: Ruffian  Read Replies (1) of 152472
 
Read This Kroc Of Shi-- The Guy Being Interviewed Is BOUGHT>

China has suspended plans to adopt a controversial U.S. cellular telephone technology, dealing a potentially major blow to the technology's chief
proponent, Qualcomm Inc., and other U.S. telecommunications companies.
Chinese officials and foreign cellular telephone executives in China say Beijing has imposed a moratorium on the spread of CDMA cellular
technology for now, fearing the technology will soon be obsolete. CDMA, or code division multiple access, was first commercialized by Qualcomm
and is the cellular-telephone standard widely used in the U.S.
"If we introduce another new network, we would need billions [of dollars] in investment," said an official from China Telecom, the state-owned
telecommunications giant that dominates China's cellular telephone industry.
Instead, China is pushing forward with the more popular European standard called GSM, for global system for mobile communications. China
hopes that by keeping the nation on one standard, it can more quickly and cheaply upgrade to GSM's successor, now being developed by cellular
manufacturers Telefon AB L.M. Ericsson of Sweden, Nokia Corp. of Finland and Japanese cellular operator NTT Mobile Communications
Networks In
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