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

To: slacker711 who wrote (27353)	10/2/2002 8:54:41 AM
From: slacker711	Read Replies (3) \| Respond to of 196625

To put it mildly.....wow! Of course, with China, nothing is for sure until the money is spent. Hopefully, China Telecom will confirm these plans (roadshow starts on the 8th). Private investors? english.chosun.com Telecommunications Firms Fight for Chinese Investment by Kim Hee-seop (fireman@chosun.com) China is planning to spend about US$1 billion on expanding its mobile telecommunications network and Korean telecommunication equipment manufacturers, in addition to global players, have been in heated competition to obtain part of the investment project. Sources said Wednesday that the Chinese government plans to sell to private investors the rights to the 450 megahertz wavelength, aiming at building up a mobile telecommunication network for 20 million CDMA service lines in the first phase of the project. Major Korean and international manufacturers have been refining their development of the related equipment and trial services. Currently, CDMA telecommunications equipment on a 450 megahertz wavelength is produced by Korea¡¯s Hyundai Syscomm, a former division of Hynix Semiconductor that made third-generation (3G) equipment, and Lucent Technology of the United States. Korea¡¯s two electronics giants, Samsung Electronics and LG Electronics, are in the last stage of developing 3G telecommunications equipment. Hyundai Syscomm, the domestic market leader for 3G equipment, has been testing its own equipment in China jointly with China Netcomm, the firm run by Jiang Mianheng, the eldest of Chinese Premier Jiang Jemin.