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: Boplicity who wrote (72494)	5/25/2000 8:44:00 PM
From: jef saunders	Read Replies (1) \| Respond to of 152472

i remember towards the peak that analysts were saying that a purchase of QCOM was the best way to purchase growth in all the cellular market because of CDMA royalties. what happened to that?

To: Boplicity who wrote (72494)	5/25/2000 8:46:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 152472

Qualcomm Says It Still Expects China to Use Its CDMA Technology San Diego, May 25 (Bloomberg) -- Qualcomm Inc. said it still expects China United Telecommunications Corp. to build a wireless- phone network based on Qualcomm's technology, after a report said China's No. 2 phone company probably won't do it. ``We believe China Unicom expects to deploy CDMA,'' or Qualcomm's code division multiple access technology, said Qualcomm spokeswoman Christine Trimble. ``We are hopeful that the deployment of CDMA will begin soon in China.'' The Asian Wall Street Journal said the Chinese company, known as Unicom, has no plans to build a CDMA network and that its executives believe it's unwise to do so, citing an unidentified investment banker and people close to the company. Unicom spokesman Zhang Jiakun said the company hasn't issued any public statements ruling out the use of CDMA technology from Qualcomm. Qualcomm makes CDMA chips and gets royalties from licenses for the technology. The Korean Economic Daily quoted Qualcomm Senior Vice President Anil Kripalani as saying that ``China still has a number of reservations about adopting CDMA, but eventually they will go that way.'' Trimble said Qualcomm is in talks with Chinese makers of wireless-network equipment and cellular handsets and is ``encouraged'' by the talks. Shares of San Diego-based Qualcomm fell 7 3/4, or 10 percent, to 69, their seventh straight declining session. It was the stock's lowest close since November. The stock has dropped 62 percent from a Jan. 3 record close of 179 5/16 and is the sixth- worst performer in the Standard & Poor's 500 Index this year, after leading the index with a 27-fold surge in 1999. In February, Unicom agreed to license Qualcomm's technology to build a CDMA network. Then reports surfaced that the Chinese government was delaying the project in what analysts said was a ploy to get U.S. support for China's bid to join the World Trade Organization. Yesterday, the U.S. House of Representatives passed a bill granting normal trading status to China. Trimble said that's ``very favorable and sets a positive tone.'' Qualcomm's CDMA technology is used by more than 57 million people worldwide, almost half of them in South Korea.