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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: CAtechTrader who wrote (79479)	9/5/2000 11:22:08 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

<And Qualcomm Chairman and Chief Executive Irwin Jacobs will arrive early next month for meetings with senior officials. > Tuesday September 5, 10:15 pm Eastern Time RPT-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 (NYSE:LU - news). 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 (NasdaqNM:QCOM - news), Ericsson of Sweden, Hyundai Electronics of South Korea, and China's Qiao Xing Universal Telephone (NasdaqNM:XING - news), Datang Telecom and Eastern Communications 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 (NYSE:CHU - news), 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. Email this story - View most popular stories emailed

To: CAtechTrader who wrote (79479)	9/6/2000 2:11:26 AM
From: SGJ	Respond to of 152472

Yes when the staunchest of bulls finally capitulate, sentiment has indeed reached its nadir and absent any negative news or developments, the accumulation phase begins. With QCOM, most of the recent news has been good. One can sense the subtle shift in psychology to the positive.

To: CAtechTrader who wrote (79479)	9/6/2000 10:10:43 AM
From: waverider	Read Replies (3) \| Respond to of 152472

My attitude? Are you like trying to tempt me into my old attack mode or something? Dude, if my attitude is one of the things keeping you in the bull camp I suggest you find another indicator. I mean nothing. COME ON! Yes psychology was different then. Yes hindsight is 20/20. Yes the market goes up and down. Any other truisms you would like to state? If I had been smart I should have taken all YOUR comments back at $120 and $100 about buy buy buy as confirmation that we still had PLENTY of downside to go. However, there were other signals that were more relevant. Sorry, but you and I are not that important. And please don't lecture me about long term views. Been with QCOM since 1996 and plan to stay...unless we have another one of those blow offs again. Rick