Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: FactsOnly who wrote (124459)	10/11/2002 12:27:47 PM
From: waitwatchwander	Respond to of 152472

You can please some of the people most of the time and most of the people some of the time unless, of course, they are "analysts" or they post on the internet and have taken a "position". Gee, maybe they're all cut from the same cloth? It's all just spinin' to vvinn ... ------------------------------------------- China Unicom plumbs new low on CDMA worries technology.scmp.com Friday, October 11, 2002 Shares in No 2 mainland cellular carrier China Unicom fell to a record low on Friday as investors worried that recent rapid growth in its code division multiple access (CDMA) subscriber base is the result of unprofitably aggressive marketing efforts. Shares in the smaller of China's two mobile giants fell 2.92 per cent to HK$4.15 before recovering slightly to HK$4.175, defying a 0.66 per cent recovery in the Hang Seng Index. Rival China Mobile (Hong Kong) dropped 0.55 per cent to HK$18.10. "It looks like the more CDMA subscribers they pick up, the lower the share price," said BNP Paribas Peregrine telecommunications analyst Marvin Lo said, who has an "underperform" rating on the stock. Earlier this week, a top executive with the firm's parent firm was quoted as saying the entire China Unicom Group had 3.7 million CDMA users as of October 8 and was on target to reach its year-end goal of seven million subscribers. Until recently, growth in Unicom's CDMA network, which the company is building alongside its more popular global system for mobile communications (GSM)-standard network, had lagged expectations. "There is always a trade-off between subscriber growth and maybe average revenue per user (ARPU) and maybe profitability," said Nomura International analyst Kelvin Ho. "At the end of the day, a subscriber target is not very meaningful. It all depends on how they achieve the target," he said. Unicom's shares were down 52.5 per-cent in the 12 months through Thursday, partly on worries about slow consumer take-up of CDMA. China Unicom's domestic-investors-only A shares, which made a lacklustre trading debut this week, rose 3.9 per cent to 2.94 yuan.