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johnsyn

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johnsyn

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Tuesday, 06/19/2012 10:02:03 AM

Tuesday, June 19, 2012 10:02:03 AM

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6:01 PM China Telecom (CHA) has reportedly placed an order for 40M phones capable of running on its EV-DO 3G network. Most of the phones will sell for CNY700-2,000 ($111-$317). Qualcomm (QCOM), the dominant player in the EV-DO baseband chip market, should benefit. Chinese 3G adoption has surged in recent months. SEEKING ALPHA
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