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


To: T L Comiskey who wrote (96217)3/27/2001 11:13:09 AM
From: SGJ  Read Replies (2) | Respond to of 152472
 
They keep pushing it back. I thought it was to be October 2001. Does anyone get the feeling QCOM is being toyed with by the Chinese? I don't think anyone should buy based on expected China earnings.



To: T L Comiskey who wrote (96217)3/27/2001 12:20:43 PM
From: S100  Read Replies (2) | Respond to of 152472
 
China Unicom to invest more than USD2.4 billion in CDMA expansion

China Unicom, the People’s Republic’s second largest mobile operator, has announced that it will invest more than USD2.4 billion in the expansion of its code division multiple access (CDMA) network. Most of the money will be spent on upgrading the CDMA network it acquired from Great Wall Telecom Corp in January this year and expanding its own national network, in which it invested USD843 million last year. The Chinese operator said this latest expansion will raise its CDMA network capacity to 13.3 million by the end of 2002. The company declined to confirm how the expansion would be financed.

China Unicom’s latest announcement follows its statement last month that it had increased its total mobile customer base to an estimated 18 million, most of which currently use the operators GSM network. Its customer growth is likely to increase considerably should it be successful in its recent request to the Ministry of Information Industry for permission to offer discounted subscription packages. The move follows the introduction of discounted subscriptions by China Telecom after it was given permission by the Ministry at the beginning of this month. See CIT Publications’ Datafile of Asia-Pacific Telecommunications for further information on China’s mobile market.

from citpubs.com

Communications Update - 27th March 2001