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To: tracyx who wrote (20762)	5/30/2000 9:34:00 AM
From: Jill	Respond to of 35685

Go to QCOM threads--it's contradictory and confusing. It seems delayed, that's all I can say. I've never seen such contradictory news in a few days.

To: tracyx who wrote (20762)	5/30/2000 9:46:00 AM
From: Dealer	Respond to of 35685

QCOM: China to spend more than 5 bln yuan on 3G-report Reuters Company News - May 30, 2000 01:24 HONG KONG, May 30 (Reuters) - A Beijing official said the State Development Planning Commission plans to spend 300 million yuan this year to facilitate development of third-generation (3G) mobile networks, with another 5 billion yuan to be invested in a second phase, the Hong Kong Economic Journal reported on Tuesday. You Xiaohu, leader of the Ministry of Information Industries group developing plans for a 3G mobile telecom system, said in Shenzhen that Beijing is looking at how to integrate domestic and foreign mobile phone facilities, the newspaper said. He also said China will consider both political and technological issues in determining which 3G standard to adopt, and said the Beijing government was in talks with U.S. investment bank Goldman Sachs to partly finance the government's 3G investments, including through venture capital funding. You said a basic system test would be completed by the end of this year, with so-called WCDMA, or wideband code division multiple access, traffic beginning in 2002, the paper said. WCDMA, which allows for transmission of data and multimedia content, is the 3G version of the GSM standard that now prevails in China. You also said both WCDMA and a Chinese-developed TD/SCDM standard could be used in parallel in the future, and predicted 3G would occupy half of China's mobile phobne market by 2010, the paper said. You said he expected that China will issue at least three 3G licences, and said it was unlikely that the licences would be awarded by auction. He also said foreign companies would have difficulty participating alone.