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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: John Stichnoth who wrote (24545)	3/20/1999 7:59:00 PM
From: Ramsey Su	Read Replies (1) of 152472

John, like I said, China is no telecom powerhouse. Korea, Japan are way ahead of them in Asia, not to mention the US and a couple of kind of telecom companies in frozen parts of Europe. Opening up the Chinese telecom market to foreign ownership is one of the biggest concessions rumored to be offered by Zhu to gain entrance to WTO. I suspect China would try to use their market size to strike as good a deal as possible, hopefully including some technology transfer (oh no, spy case again) so that they will not be so reliant upon foreign companies in the future. In the mean time, just like the respective economies, Asia goes where Japan goes. Ramsey

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