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To: cowgirl-ona-1eyed-horse who wrote (22123)	6/12/2000 7:16:00 AM
From: cowgirl-ona-1eyed-horse	Respond to of 35685

China Unicom to use 3G CDMA biz.yahoo.com Monday June 12, 4:54 am Eastern Time China Unicom says to use 3G CDMA, test next year HONG KONG, June 12 (Reuters) - China Unicom, China's number two telecoms provider, will use the third generation CDMA system of U.S. digital wireless company Qualcomm Inc (NasdaqNM:QCOM - news) and start testing the system next year, Yang Xinazu, the chairman and chief executive officer, told a news conference on Monday. China Unicom said this month it was scrapping plans to use current-generation CDMA technology, opting instead to stick with its European-standard GSM network. But Unicom said it would use Qualcomm's CDMA, or code division multiple access, for later-generation systems. China Unicom, set for an initial public offering this month, confirmed on Monday it had raised the institutional portion of its IPO price range to HK$13.80 to HK$16.00 per share from HK$11.50 to HK$14.50. It is aiming to raise some US$5 billion. Qualcomm's China woes have contributed to a precipitous drop in the firm's stock, which peaked in January at US$200 and closed on Friday at US$79-1/16. E-mail this story - View most popular stories e-mailed -------------------------------------------------------------------------------- More Quotes and News: Qualcomm Inc (NasdaqNM:QCOM - news) -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright ¸ 2000 Yahoo! All Rights Reserved. Privacy Policy - Terms of Service Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Questions or Comments?