Telecom announced the imminent tender ZTE suffering from anxiety syndrome Huawei

August 26, running in the drop from the ZTE (000063. SZ) do not have the slightest improvement, to close at 31.88 yuan, down 1.30 percent. Since August 6日下breaking platform, the stock dropped by 28.6 percent.

Telecommunications restructuring Qimu, the market almost one-sided view that the reorganization will give China Unicom (600050. SH) and ZTE Corporation, a major positive, therefore, telecommunications restructuring outstanding, a large number of institutions or private use Xueben huge gamble at the reorganization, Zhongcang China Unicom and ZTE Corporation.

Ban Nianbao showed that as at June 30, ZTE of the top ten shareholders, the Fund accounted for seven seats, a total of 8146.53 million shares, outstanding shares accounted for 10.8 percent.

However, China Unicom's first face to surprise the market, whether or private institutions, retail investors seem to have Shayuergui, even the "limit death squads" are also big Gentou.

In this context, "ZTE whether the reorganization after the first win in the opener Jicai, a special significance." Shanghai on condition of anonymity that the body.

Although ZTE keep the risk of a significant market share, it is clear that their results do not Maizhang market.

In fact, this is Bao Tuan fund shares weak trend, telecommunications equipment manufacturers and network market share of the C race results are closely related.

ZTE Facing Low

Recently, market speculation that China Telecom in 2008 as high as 27.9 billion yuan of the total CDMA network tender results, Huawei, ZTE, Alcatel Lucent awarded three of their respective manufacturers in the 40 percent share, respectively, 40% and 20%.

"If true, ZTE, should exceed market expectations." Cross-Hong Kong international telecommunications analyst Li Zhiwu told reporters that the rumors from the results Jicai, Huawei's low-price strategy does not seem to shake the ZTE C network Equipment market share position in the forefront, Motorola, Nortel and other equipment to the foreign background of the C network equipment market, Huawei was successful "beach", a heavy heart out.

However, from close to the people of China Telecom Department was informed that the official results, or will be released before the end of August, was part of Huawei, mainly concentrated in the new network and the relocation of the C share, network expansion and upgrade of the C share, is still In the original equipment manufacturers, and the relocation of the new share at about 50% of the tender.

"As the telecommunications restructuring of the first large-scale equipment procurement, ZTE此役the results of their secondary market performance will bring a greater impact," the agency said, "The results seem to need to wait until ZTE mediation."

August 4, nearly 100 from China Telecom Group and China Telecom Beijing Research Institute, Shanghai Institute of China Telecom, such as the provincial branch of the experts, Alcatel Lucent, ZTE and Huawei, Nortel, Motorola, Samsung Six CDMA equipment manufacturers of equipment to assess, evaluate the contents, including the Model equipment manufacturers, engineering scale, software maturity, technical indicators, standardized configuration, network failure rate in previous years, such as C, for the reorganization after the first round of the CDMA network of China Telecom tender for initial preparations .

August 14, China's telecommunications network C tender into the first round of internal discussion stage. The Chinese telecommunications equipment manufacturers have submitted C network core network, wireless network pricing.

"We all know that Huawei will not give up this rare opportunity, Huawei will also know that in this Jicai in the use of some of the very means, but did not expect their use of low-priced competition means so vicious." August 16 , The dark horse when Huawei to raising the status of its ultra-low-pricing reach the killer, a close ZTE Corporation, the industry told reporters that Huawei to the large share of the Jicai Shizaibide.

According to the prevailing market rumors that China's telecommunications network C at the tender, Alcatel Lucent, Nortel and ZTE Corporation, shown in 4000000000 -70 billion, while Huawei Price less than 700 million yuan.

"Price is the first accident, but not like the legend of the outside world so outrageous." August 16, China Telecom official said, has started the second round of pricing, "the final result may be released soon, but the price is only our considerations One of the factors. "

Then, another rumor Jing Bao, "Huawei Baisong similar to the nature of, access to the network of China Telecom C 70% of the share." Market an uproar.

"Huawei to Henzhao indeed Shichuyouyin." Li Zhiwu said that Huawei would like to seize the operators restructuring, market share a good time to re-demarcation, to achieve a breakthrough in the CDMA market is very clearly the intent.

Huawei would like to have a share in the CDMA share the idea of long-standing, but had chosen its strategic direction for GSM and WCDMA, and the complex historical reasons, China's CDMA market share in almost zero, in sharp contrast with the ZTE domestic CDMA market share of about 32 percent.

The situation appears increasingly unfavorable ZTE. August 20, the market, there is news that another competitor Motorola will report to the staggering price of zero. At this time, ZTE has been pushed to the "cliff" marginal.

"Companies should not only take into account the price war in how to passive position, but also integrated in the secondary market of its constraints and expectations of factors." Above a certain sector of Shanghai, ZTE Corporation, the pricing can not be "outrageous" , Because even with low-price competition has made the strategy of market share, "earnings will be weaker than expected."

"Inconvenient departments can not participate in direct control." August 20, it was close to the Chinese Ministry of Information Industry and the relevant parties, told reporters, "This is the first market behavior, followed by level of listed companies involved, directly contrary to regulation Market principles. "

August 20, ZTE announced the first half performance, and to clarify the tender net loss of C hearsay: China Telecom CDMA equipment tendering process has not yet been completed, the tender results are not yet announced any speculation on the tender results are not based on facts.

First half of this year, ZTE's sales income amounted to 19.7 billion yuan, an increase of 29 percent, domestic market sales slightly dropped 3 percent. However, the rapid growth of overseas markets, sales revenues reached 12.6 billion yuan, or 59 percent, of which the African market in sales growth of 107%, overseas markets accounted to 64 percent of business.

But these are not restore market confidence.

August 21, ZTE Corporation, to close at 32.40 yuan, down by 8%.

August 24, media reports said China Telecom in 2008 as high as 27.9 billion yuan of the total CDMA network tender results are the latest Huawei, ZTE, Alcatel Lucent awarded three of their respective manufacturers in the 40 percent share, respectively, 40% and 20 %.

"This is one of the best outcome, the multi-stakeholder have been assured that also have to contain." These institutions are admitted.

Mobile telecommunications building in accordance with the law, a city adopted a general equipment manufacturers will have been extended with the equipment manufacturers expansion. Therefore, equipment manufacturers can not only from the initial equipment maintenance and upgrading of service charges, from the follow-up can also benefit from the expansion.

"ZTE was in the interests of the tender is in the affirmative, but as the market expected, while Huawei's pricing strategy to more than C net new business more than 70 percent of the share as possible." These organisations said.

Gamble funds or failure

2007 ZTE into the fourth quarter of the Huaxia Fund dividend, the first quarter of this year a large scale Jiacang 1330 shares held by ZTE to reach 2398 million shares, outstanding shares accounted to 4.48 percent.

Since the second quarter, ZTE Telecom shares with the reorganization of the opening run out of the wave. China took the opportunity dividend reduction of 591.8 million shares, but still 1806.99 million shares of the first Habitat Fund.

Morgan on the domestic demand for power and Alpha Fund, the second quarter of 31.13 million shares were overweight and 167.25 million shares, to 1539.30 million and 1255.21 million shares of the top 10 major shareholders in the first four or five.

China Unicom has Chongcang and the growth in the core of Post and the South-long theme from industry, the Huaxia Fund advantage of growth in the second quarter as new Baotuan Fund in a.

However, in accordance with the present situation, the reorganization of the telecommunications gamble, following the loss soldiers Unicom, or will again be folded.

As of assumptions August 25, the Fund holdings have not changed, then the August 14 date, the market value of their holdings shrink more than 25 percent, the market value evaporated over 900 million yuan.

"The telecommunications Jicai, once the success of Huawei's CDMA into the camp, in its WCDMA and TD may also actively participate in bidding." Above a certain sector of Shanghai said.

"Although in the field of CDMA and TD, Huawei ZTE than the first input, but on the maturity of CDMA products and commercial scale, at present, ZTE and Huawei very basic, TD product of maturity and commercial-scale ZTE slightly better than Huawei. As telecommunications and mobile technology evolution would choose LTE, at present, Huawei LTE in the area far ahead of the ZTE, it is estimated that to a large extent will affect the telecommunications and mobile choice. "Analysis of a certain industry.

Through this bid several times, the overall pattern is conducive to the domestic equipment manufacturers, but when the opponent was clear the outside world, will commence within the game.

" 'Cake' Only such a big one eat one, another one to eat." Above the industry admitted that the C network tender, only the beginning of a series of price wars, ZTE Corporation, or to respond to greater challenges And the interests of the game.