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To: Dealer who wrote (21139)	6/1/2000 9:09:00 AM
From: Dealer	Read Replies (1) \| Respond to of 35685

=DJ Denials Aside, China Unicom Unlikely To Deploy CDMA 06/01/2000 9:06 AM Dow Jones News Services (Copyright ¸ 2000 Dow Jones & Company, Inc.) By Jason Dean BEIJING (Dow Jones)--China United Telecommunications Corp. or Unicom, is sending mixed messages about its plans for CDMA, but analysts say there is little chance it will push ahead with the U.S. wireless technology in its current form. Thursday, a state-run newspaper quoted a Unicom spokesman as saying the company hasn't junked CDMA, and that plans to roll-out a CDMA network in China are "still on track." But Unicom has been sending a different signal to prospective investors in China Telecom Ltd., the unit it plans to float in New York and Hong Kong later this month. Unicom and its underwriters for the $4 billion-$5 billion IPO have said CDMA isn't in their short-term plans. Instead, they've played up intentions to develop mobile networks using GSM, the rival wireless technology that fuels Unicom's existing mobile networks. Analysts say prospective investors are getting the more accurate line. While political considerations may be driving Unicom to keep hope alive for CDMA, they say, there is little chance it will push use CDMA in its current form. That's bad news for Qualcomm Corp. (QCOM), with which Unicom has a licensing deal for CDMA patents. Qualcomm's share price has already been battered by the uncertainty surrounding CDMA in China. It fell 13% to 66 3/8 in New York Wednesday. (MORE) DOW JONES NEWS 06-01-00 09:06 AM