Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jmac who wrote (67845)	2/24/2000 10:30:00 AM
From: JohnG	Read Replies (1) \| Respond to of 152472

Europeans & China in Dispute over 51% Controll of Telecom Companies. JohnG Thursday February 24 8:25 AM ET China Delays Qualcomm Cell Phone Systems NEW YORK (Reuters) - China has indefinitely postponed deployment of a new type of mobile telecommunications that relies on technology from the United States' Qualcomm Inc. (NasdaqNM:QCOM - news), The Wall Street Journal reported on Thursday. The delay order has not been made public. It has surprised foreign companies, some of whom had bid on the project to build a national mobile-phone network, the newspaper said. Executives at several companies involved in the project said their bids to supply equipment were not being accepted. The head of Sweden's Telefon AB L.M. Ericsson (LMEb.ST) (NasdaqNM:ERICY - news) China unit told the Journal officials from the Chinese operator of the planned network told him the order had come from the government. The Journal said some executives speculated that the delay was a bargaining tactic as the U.S. Congress prepared to debate support of China's entry into the World Trade Organization (WTO). Last week China's second-biggest phone company said it would build a mobile network using CDMA, or code division multiple access technology, licensed from Qualcomm. A Qualcomm spokesman was not immediately available to comment. Qualcomm shares fell to 137 1/2 in pre-opening trade on Thursday from a Wednesday close of 146 7/8. WTO talks between the European Union and China ended without an agreement on Thursday. A European Union source said European demands for 51 percent foreign ownership rights in Chinese mobile phone networks was a key factor in the talks' failure.