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

To: Mark Fleming who wrote (20797)	3/27/2002 5:43:03 AM
From: Dennis Roth	Read Replies (2) \| Respond to of 197214

China Unicom, March 1-26, new subscribers 62,000, China Unicom does not see losses from CDMA network services this yr library.northernlight.com HONG KONG (AFX-ASIA) - China Unicom Ltd president and executive director Wang Jianzhou said he does not expect the company to incur losses from its CDMA network services in 2002. He, however, did not elaborate. Earlier, China Unicom reported a 2001 net profit of 4.457 bln yuan, up from 3.234 bln yuan a year earlier, while sales rose to 29.393 bln yuan from 23.692 bln. Speaking to reporters after releasing the company's 2001 results, Wang Jianzhou said the group has no plans to change its target of reaching 7.0 mln CDMA subscribers this year. "Our target for the group as a whole is to reach 7.0 mln subscribers this year for our CDMA services, of which two-thirds will be coming from our listed entity," he said. He said he is not worried that the company will not achieve the target. During March 1-26, new subscribers for the listed entity's CDMA services stood at over 62,000, he said. As of end-February, China Unicom had 448,000 subscribers for its CDMA network, up from 439,000 subscribers at the end of January. Meanwhile, chairman Yang Xianzu said China Unicom made a provision of 630 mln yuan for its paging operations in 2001. "The provision was made as a result of a migration of customers from the paging services, coupled with an uncertain outlook for the division," he said. He added that the company will consider making further provisions for its paging services this year. more st/ra/rc Copyright AFX 2002, All Rights Reserved.

To: Mark Fleming who wrote (20797)	3/27/2002 6:16:33 AM
From: Dennis Roth	Respond to of 197214

Hong Kong China Unicom Parent To Up CDMA Capacity By 10 Million Users biz.yahoo.com HONG KONG -(Dow Jones)- China Unicom Ltd. (CHU) said Wednesday its unlisted parent plans to expand its CDMA, or code division multiple access, network capacity by more than 10 million users in 2002. Previously, the unlisted China United Telecommunications Corp. targeted expanding its CDMA network capacity by 15 million users this year. "It is still studying whether to trim capacity expansion (from the original plan). It depends on demand from the listed company," said Tan Xinhui, vice president of China Unicom. The listed company remains upbeat about its CDMA operations, despite skepticism in the market and poor consumer response since its launch in January. China Unicom already operates a nationwide network using the competing GSM standard. Regardless whether China United Telecom expands capacity by 10 or 15 million users, the listed company doesn't expect to lose moneythrough its CDMA operations. "ARPU (or average revenue per user) of the CDMA network will be higher than ARPU of the GSM network," said Wang Jianzhou,president of the company. China Unicom leased the CDMA network from its parent, which will bear all the construction cost.