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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (26621)	5/29/2000 6:15:00 AM
From: nikko	Read Replies (3) \| Respond to of 57584

Good News For QCOM, from bloomberg. quote.bloomberg.com China Reaffirms Plans to Use Qualcomm Technology (Update1) By Peter Harmsen Beijing, May 29 (Bloomberg) -- The Chinese government reaffirmed its commitment to building a wireless-phone network using the technology of San Diego-based Qualcomm Inc., developer of the world's fastest-growing mobile phone standard. Qualcomm shares plunged 26 percent last week on concerns of possible sales setbacks in South Korea and China and on a report in the Asian Wall Street Journal that China United Telecommunications, the nation's second-largest phone company, changed its mind about using Qualcomm's code division multiple access (CDMA) technology. The best way for the Chinese government to support China Unicom, as the No. 2 phone company is known, is to let it expand and run a network based on CDMA, Zhang Chunjiang, vice minister of the information industry, said in a report carried by Xinhua news agency. ``Unicom never said it won't use CDMA technology, and Zhang Chunjiang's comment shows the rumor that Unicom will stop developing CDMA isn't true,'' said Zhang Jiakun, a Unicom spokesman. ``Unicom will definitely continue to develop the CDMA network.'' Qualcomm's Beijing office also said it had received assurances from Unicom that it will go ahead with the establishment of the CDMA network. The stakes are high for Qualcomm and other foreign companies seeking a slice of the Chinese mobile phone market. China had 43 million cellular phone users at the end of last year, a number that could rise to 70 million this year. Qualcomm's technology is used by 57 million people worldwide. Unicom agreed in February to license Qualcomm's CDMA technology. Then reports surfaced that the Chinese government was delaying the projects in what analysts said was a ploy to get U.S. support for China's bid to join the World Trade Organization. The possible usefulness of the CDMA network as a lever to gain access to the Geneva-based body may have been exhausted with the passage last Wednesday of a bill in the U.S. House of Representatives granting China permanent access to the U.S. market. The legislation is now pending before the U.S. Senate. Qualcomm said passage of the bill in the House, considered the major hurdle, removed a major obstacle to introduction of the company's technology in China. ``PNTR is particularly beneficial to Qualcomm, reducing the prior uncertainty of Chinese government support for a major increase in the use of code division multiple access technology by China Unicom and possibly others,'' Qualcomm Chief Executive Irwin Jacobs said in a statement late last week. ``China has a rapidly expanding need for voice communications and Internet access, both of which are well met by CDMA.''

To: Rande Is who wrote (26621)	5/29/2000 1:56:00 PM
From: redwood	Read Replies (3) \| Respond to of 57584

bob brinker...national radio financial talk show...very,very good at calling market turns....doesn't deal in individual stocks but mostly indexes....told listeners to go mostly cash in janurary because of his belief that market would turn down as it has..............this weekend called for a very likely bear market rally in the weeks to come.....mostly in the nasdaq...of around 20% from lows of last week......followed again by a downturn.....it is a big deal for this guy to make this kind of call....he talks to a large national audience who mostly work an don't trade....take this for whatever....i personally have seen bob brinker make some unblievablly good calls like this....he is putting his reputation on the line just like you do rande.....if anyone wants to listen to what he said go to bobbrinker.com look up archived shows an listen to beginning of may 27 show......redwood