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To: JGoren who wrote (98440)4/28/2001 9:33:36 AM
From: JohnG  Read Replies (1) | Respond to of 152472
 
Nortel, Ericsson win
China Unicom CDMA
deals
Apr 28 2001 12:33PM

Homeway

Nortel Networks and Ericsson said Friday they
had won contracts to supply China's
second-largest mobile phone operator China
Unicom Group with network gear using Qualcomm
Inc's CDMA standard, according to China Daily.

But neither company would reveal financial details.

Nortel announced it would supply seven Chinese
provinces and cities with equipment for CDMA
networks capable of handling 2.54 million
subscribers.

CDMA technology owned by US-based Qualcom
crams more traffic into network space than rival
technology Global Standard for Mobile
Communications (GSM), which is the standard
through most of Asia and Europe.

The Nortel contract was awarded to a joint venture
subsidiary, Guangdong Nortel
Telecommunications Equipment Ltd.

It is one of many expected CDMA deals to be
doled out by China Unicom to a host of foreign and
Chinese telecoms manufacturers.

China Unicom Group, the parent of Hong Kong
listed China Unicom Ltd, plans to invest 70 billion
yuan (US$8.46 billion) in its long-awaited CDMA
network over three years, according to official
Chinese media.

Last month, China Unicom unveiled the planned
CDMA network's US$2.42 billion first phase to 13
prospective foreign and Chinese vendors.

An Ericsson spokesman declined to give any
details at all of the contract his company had won.

An executive at Chinese telecoms gear maker
Shenzhen Zhongxing Telecom Corp said it had
won contracts to supply CDMA cellular network
gear capable of handling 1.14 million subscribers
in 10 Chinese provinces in China.

These included Qinghai, Ningxia, Hubei,
Guangdong, Yunnan, Guizhou, Tibet, Shanxi, Inner
Mongolia and Hainan, the Shenzhen-based
executive said.

On Thursday, South Korea's Information and
Communication Ministry said Korean telecoms
and electronics maker Samsung Electronics had
won a US$500 million deal to suppply CDMA
network gear to China Unicom.

Korean media said Motorola Inc and Lucent
Technologies had been asked to join the massive
buildout.

But Motorola spokesmen said the company had
not been informed of any deal.

Lucent representatives in Beijing were not
available for comment.

Copyright (c)2001 Beijing Homeway Info.Media
Ltd.All Rights Reserved



To: JGoren who wrote (98440)4/28/2001 10:08:42 AM
From: Spartsker  Respond to of 152472
 
Regarding Options

When LEAP was spun off the value of the options represented the value of QCOM + Value of LEAP. This will be the same case with the new Spin Off. This will be a floating value for each stock, until the options expire. For all long term options you will see two symbols for each strike price...one valued with SPINCO and one without.