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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: JohnG who wrote (5169)	12/4/2000 1:49:21 AM
From: mightylakers	Respond to of 197217

The link doesn't work.

To: JohnG who wrote (5169)	12/4/2000 3:53:48 AM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 197217

Monday December 4, 3:48 am Eastern Time Qualcomm sees China CDMA contracts in early 2001 (UPDATE: Adds quotes, details, byline) By Tony Munroe HONG KONG, Dec 4 (Reuters) - Qualcomm Inc (NasdaqNM:QCOM - news), whose China prospects once seemed bleak, now says the mainland's number-two wireless carrier could begin awarding contracts to deploy a 10 million-subscriber network using Qualcomm's proprietary CDMA technology in early 2001. ``I'm hopeful it'll be sooner, not later. Hopefully not too late into the year (2001), but we'll have to wait,'' Qualcomm chief Irwin Jacobs told reporters on Monday on the sidelines of a major telecoms conference. Jacobs said the size of the planned CDMA network to be built by state-backed carrier China Unicom is up to Unicom, but said, ``there have been some discussions of roughly 10 million-subscriber capacity in this first order...I would expect probably something in that neighbourhood.'' San Diego-based Qualcomm on Monday said it signed a Memorandum of Understanding with China's powerful Ministry of Information Industry for deployment of CDMA technology in China, confirming a pact the firm signed in January with China Unicom to use Qualcomm's current generation CDMA technology. NETWORK OF FRUSTRATION However, that deal had been plagued by an on-again, off-again, on-again status that put Qualcomm shares on a rollercoaster and frayed the nerves of executives. After concerted lobbying by Chinese manufacturers with a stake in developing CDMA-based equipment, Unicom announced in October that it would roll out a current-generation CDMA network. ``The next step, of course, is for Unicom...to be placing orders with manufacturers to build out infrastracture,'' Jacobs said on Monday. ``Some of those orders will go to foreign manufacturers, some to joint ventures, some to Chinese manufacturers.'' Qualcomm, whose current-generation CDMA technology competes with the much-more widely used European GSM standard, receives income from intellectual property royalties on CDMA-based equipment, software and handsets. Qualcomm, whose share price peaked at US$200 in January and was beaten to a 52-week low of US$51.50 in July, by the technology correction and concerns over CDMA adoption in China, has clawed its way back to close at US$83 on Friday. CDMA stands for code division multiple access, and although it is less popular than GSM, its backers say it uses network space more efficiently than its European rival. PATH TO 3G CDMA Jacobs said building a current-generation CDMA network in China would pave the way for third-generation networks based on Qualcomm's CDMA 1X standards. He said the MII agreement announced Monday boosted his confidence that the Unicom CDMA network will ultimately be built to ``optimistic'' from ``cautiously optimistic.'' Added Robert Mao, head of China operation for Canada's Nortel Networks (Toronto:NT.TO - news), which also makes CDMA-based infrastructure equipment, ``we think this time it's for real.''