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To: Paul A who wrote (709)	9/5/2000 9:08:07 AM
From: Paul Kern	Read Replies (2) \| Respond to of 19633

MSTR touched 33 a while ago and is sinking back. DSLN running up on news. QCOM is no longer on my match list. There are easier stocks to trade. Paul

To: Paul A who wrote (709)	9/5/2000 9:15:43 AM
From: Mike E.	Respond to of 19633

QCOM is a hard stock to figure.. Now its moving higher while everything else is getting crushed.. Anything over 62 I gotta buy it again This could be it again, Paul.?... (REUTERS) China Unicom raises new hopes for CDMA in China By Matt Pottinger BEIJING, Sept 5 (Reuters) - Three months after calling off plans to use current-generation wireless technology backed by San Diego-based Qualcomm Inc, China's number two mobile phone company is raising expectations of a change of heart. Chinese and foreign telecoms manufacturers, who would stand to earn billions of dollars selling CDMA equipment and handsets, said on Tuesday China Unicom had signalled it may build narrowband CDMA networks as early as January. "They've been cautiously optimistic with us," said Scott Erickson, Hong Kong-based vice president of wireless marketing for Lucent Technologies <LU.N>. Bureaucratic wrangling with government regulators which sabotaged Unicom's initial CDMA plans were nearly sorted out and Unicom "would be given the green light to go forward," said Erickson. Senior executives at Qualcomm <QCOM.O>, Ericsson <LMEb.ST> of Sweden, Hyundai Electronics <00660.KS> of South Korea, and China's Qiao Xing Universal Telephone <XING.O>, Datang Telecom <600198.SS> and Eastern Communications <900941.SS> said they had received similar signals following a meeting last month between Chinese telecoms manufacturers and Unicom executives. Unicom chairman Yang Xianzu repeated on Tuesday the company was studying the adoption of CDMA. But he would not be drawn on whether the company intended to roll out current narrowband CDMA networks, or wait a year or two for a more advanced generation of the technology. "We are currently planning and preparing for CDMA," Yang told Reuters. "We have taken a positive position towards CDMA all along." CDMA -- NOW OR LATER? If Unicom waits to build future generations of CDMA, equipment makers and Qualcomm -- which earns royalties from its CDMA patents -- would miss the lucrative opportunity of an immediate roll out of narrowband networks. Unicom, in the run-up to the June listing of its Hong Kong subsidiary, China Unicom Ltd <CHU.N>, said it would not adopt current generation CDMA. That news battered Qualcomm stock. Industry analysts said at the time Unicom's decision made sense since it had already spent heavily on building networks using a rival European wireless standard called GSM (Global System for Mobile Communications). "The decision not to deploy narrowband CDMA was widely seen as a rational and commercially sensible position," said David Gibbons, telecoms analyst at HSBC in Hong Kong. China, the world's second biggest mobile phone market, has only about 200,000 subscribers on CDMA (Code Division Multiple Access) networks, against 60 million users on GSM networks. NEW POLITICAL PRESSURES But technological advantages of CDMA over GSM, and new political pressures raised by Chinese industry and government leaders, have apparently caused Unicom to think again. CDMA is more effecient than GSM, allowing for more phone calls and data to be crammed into precious spectrum. That is why all mobile networks -- including GSM -- eventually will be upgraded to incorporate CDMA technology. Unicom already has the exclusive right to the spectrum on which CDMA phone calls ride, and is scheduled to take over small military-backed CDMA networks -- although that has yet to happen. Equipment manufacturers argue it will be cheaper for Unicom to upgrade from narrowband CDMA into future technologies than from GSM networks. Chinese equipment makers have good reason to hope Unicom will see things their way. At least a dozen firms, many state-owned, have spent upwards of $200 million to build CDMA factories and conduct research. With their plants gathering dust, the companies have banded together to lobby the government and Unicom. In a meeting last month with Unicom president Wang Jianzhou, Chinese industry executives made their pitch for a swift rollout. While he made no promises, Wang "responded positively," according to an executive present at the session. Chinese manufacturers hope Unicom will want to aquaint itself with operating CDMA technology in its narrowband form before jumping directly to more sophisticated future technology. Unicom Chairman Yang is likely to see such networks up close next week. Industry executives said he will lead a delegation to South Korea -- a key market for CDMA and the first one scheduled to deploy next-generation CDMA 1X service. And Qualcomm Chairman and Chief Executive Irwin Jacobs will arrive early next month for meetings with senior officials. ((With reporting by Tony Munroe in Hong Kong, Beijing Newsroom +8610 6586-5566 ext 204, Fax +8610 8527-5258 beijing.newsroom@reuters.com)) REUTERS * end of story *