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To: Rick who wrote (25600)	5/30/2000 8:13:00 PM
From: Peter Sherman	Respond to of 54805

there is a deafening silence from Tero on the NOK thread with regard to the GPRS/EDGE story...hmmm...

To: Rick who wrote (25600)	5/30/2000 8:23:00 PM
From: gdichaz	Respond to of 54805

Fred: You are quite right. The news of the last week and even the news today is the stuff of confusion. The NYTimes article you cite is (to be kind) a narrow interpretation of the real world situation. The actual facts are coming out today - slowly and there is yet to be more meat on the bones no doubt. But what appears to be the case is: The IPO is for a subsidiary of UNICOM which operates a GSM network inter alia. Qualcomm's agreement is with the parent company (also referred to in English as UNICOM) and the parent company which the Chinese President and Chinese Premier have been referring to in their past positive comments on CDMA has spectrum for use as CDMA. Qualcomm has chips and software now for what is referred to as 1xMC or 1XRTT which double voice capacity and enhance data. This is being tested in Korea, Japan and the US and will begin to be installed in infrastructure in the second half of this year. Handsets will follow. So, to be practical, the Chinese will use the best most current CDMA technology available but that means the network will not be in actual operation in China until very late this year at the earliest and most realistically next year sometime in the first half. Then HDR which will permit even more rapid data usage will follow on and probably (not certain yet) be used in China on its CDMA network next year as well. This appears to be the path, content and rough schedule. So the notice of death is premature, to say the least, but there will be a delay. The frosting on the cake is that the GSM in China will be upgraded to CDMA in a flavor called WCDMA in a couple of years or perhaps 3 or 4. Then China will have two major CDMA networks at least - but probably different strokes for different folks. The joy is that Qualcomm will be paid money on the infrastructure upgrades and the handsets, regardless of the flavor of CDMA used in the so called 3rd generation. Hope this is of some help. And bottom line is that doom seems averted for Qualcomm and the future bright - but with some delay in China compared to some earlier expectations. Best. Cha2 PS Assume Lucius will answer for himself, but thought a bit of summation might be useful in the meantime. PPS This is just my "take" of course and may be wrong in whole or in part. Comments and or corrections welcome.

To: Rick who wrote (25600)	5/30/2000 11:34:00 PM
From: mauser96	Read Replies (1) \| Respond to of 54805

Trying to figure out exactly what's going on in China is like attempting to isolate one strand from a bowl of spaghetti. We think of China as totally monolithic but there are various competing factions there just as there are in the rest of the world. I've been hearing stories about the Chinese market for decades. Like a mirage, it tends to vanish when you start to get close. Someday I'm sure China will have great purchasing power, but I could have said the same thing 30 years ago. Personally I pay little attention to the news from there. It's hard enough to make sense of the news from your own country and culture. We all know how often the news is distorted or just plain wrong, and in the case of China most of us lack the knowledge to make judgements on these issues. I suspect that QCOM will eventually get much of the Chinese business because their military is likely to prefer it. In any case with China a member of the WTO they will have to start paying for use of IP, which is also good for QCOM. Gdichaz seems to have the present situation figured out well,but I think that it might be a mistake to let news about the role of China play a significant part in investment decisions about QCOM. As the immortal line in the movie goes , "Show Me The Money". Pay attention to their deeds not their words. For the record, I no longer own any QCOM, having sold all my shares in February and March.. I'm watching, and will strongly consider buying back if I see signs of a second tornado forming.