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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Vayda who wrote (34954)	7/14/1999 4:00:00 PM
From: 2brasil	Read Replies (1) \| Respond to of 152472

qcom end up $5 at $149 9/16 ot -China is expected to have about 40 million mobile telephone users by the end of this year. China Unicom says it has about five percent of the fast-growing market, now dominated by China Telecom. China Unicom has been authorised to spend seven billion yuan this year to roll out networks using the U.S.-developed mobile telephone technology called CDMA (code division multiple access). Industry officials say China Unicom could receive the right to act as a gateway for international direct dialing, which would give it a big revenue boost, while it also has been cleared as an Internet phone service provider. ''It could also get special treatment in fixed lines,'' said BDA's Clark. Analysts said the company could also receive some fixed telephone line assets from the Ministry of Railways, one of China Unicom's founding investors. ($1 equals 8.28 yuan) More Quotes and News: Sprint Corp (NYSE:FON - news) Related News Categories: IPOs, US Market News Help Copyright © 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?