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

To: Ramsey Su who wrote (20847)	3/28/2002 9:45:35 AM
From: JohnG	Respond to of 197280

China Unicom's decision to emphasize conversion of their 95A network to 1X rather than double 95A capacity is the only sane thing to do and cretainly it is not unexpected. China aims to be a leader and exporter of CDMA equipment to Asia. They see that Korea has converted entirely to 1X and is installing CDMA 2000 EV DO in their major cities. This puts China 2 generations behind and certainly in no position to export or build their capibility on a Chinese domestic base. What has happened is that the Chinese equipment manufacturers have embarassed the country and undermined Chinese National economic policy by their slow development of domestically produced 95A handsets---this failure is not excuseable as they have been given the designs and key components by QCOM and outside vendors. It is clear to me that this initiative is of huge economic importance to China. With it they can build an electronics industry and stimulate exports. China can become self sufficient and lead in the next big thing. It os of huge importance to the prestige of China. After all, lowly Korea is blasting off leading the race with 1X EV DO installed and working. Chinese leadership will not allow this initiative to fail -- they just can't afford to do so -- China has a chance to lead and those Chinese companies, managers and engineers who would blow it and point fingers will end up with their failures spotlighted. And the price of failure to the Country is just too great. Thus, the country will make the price of individual failure very high too.

To: Ramsey Su who wrote (20847)	3/28/2002 1:37:14 PM
From: David E. Taylor	Respond to of 197280

Ramsey: March so far has 62000 new subs, from March 1 to March 26. Of the 443,000 subs transferred from Great Wall, there were 429,000 transferred to CHU. All the March subs are new (not from Great Wall). Unicom (parent) is still maintaining target of 7 million new subs with 2/3 or 4.67 million going to CHU. If the report is accurate, then: (1) CHU should be showing the 62,000 plus some more for 3/26 through 3/31 - say around 74,000 if sign up is linear for the month - when they update the operations data section of their website for March, which we won't see for a few weeks yet. At least it's picking up from the Jan/Feb rate. (2) Of the 448,000 CDMA subs currently shown for CHU through 2/28/02, 429,000 were transferred from Great Wall, 10,000 were new sign ups in January, and 9,000 were new sign ups in February. (3) 14,000 Great Wall CDMA subs are presently being served by the parent Unicom and not CHU. As I noted earlier, the CDMA network outside of CHU's service area has a capacity of 5.97 million. (4) If they hit the 7 million "new subs" number (which I would assume excludes Great Wall transfers) by year end, and CHU gathers 4.67 million, CHU will have 5.099 million CDMA subs, and the parent Unicom will have the other 2.344 million subs. Total 7.443 million, with 0.443 having come from Great Wall. It would sure be easier if CHU just took over the entire CDMA and GSM operations. David T.