Invited by two major investment banks, Dr. Jing Wang, Secretary General of TD-SCDMA Forum, introduced the current status and future trend of TD-SCDMA to numerous financial institutions in New York, San Francisco, and Hong Kong.

The TD-SCDMA conducted the similar road shows in US, Hong Kong, and Singapore in April and December 2007, in which Dr. Wang offered objective assessment on the status and progress achieved by the TD-SCDMA supply chain, and clarified the concerns and even misunderstanding that commonly existed among overseas investors. The past one year, TD-SCDMA has been moving forward in China as the TD-SCDMA Forum has predicted. The road shows contributed to the financial performance of TD-SCDMA supply chain companies. Since early 2007, TD-SCDMA Forum established routine information exchanges with telecom analysts of major international investment banks, which enables real time objective understandings of the TD-SCDMA status and prospects in international financial market, hence beneficial to the quick ramp up of the TD-SCDMA cause in China.

Entering 2008, TD-SCDMA has been moving at accelerated rate, thanks to the proactive steps taken the Chinese government and China Mobile. TD-SCDMA once again became a hot focus since many milestones have occurred, e.g. the 10-city pre-commercial trial beginning April 1st, the telco restructuring announcement made by three government ministries on May 24th, the TD-SCDMA services launched for Beijing Olympics, and the upcoming phase 2 expansion of TD-SCDMA networks. People constantly argue about those technical or non-technical glitches that arise from the pre-commercial trial. Domestically, TD-SCDMA Forum has managed to educate the public to be tolerant with the non-fatal technical glitches, which are normal and can be quickly resolved anyway. Meantime, the Forum has been pushing for the availability of a state level TD-SCDMA grand plan in China so that the TD-SCDMA suppliers can have better business predictability. Internationally, in additional to the Forum regular work with major media giants like Reuters, Inter Fax, and Bloomberg to provide progressional status of TD-SCDMA in China, TD-SCDMA Forum continues the “TD-SCDMA Overseas Road Shows” as it proves an effective and efficient method to positively promote TD-SCDMA in front of international investors.

The road shows are divided into two stops – US and Hong Kong, arranged by two major investment banks respectively. In New York, Dr. Wang held more than 20 one-on-one meetings with investors, plus two dinner group meetings. In San Francisco, 5 one-on-one meetings and 1 dinner group were conducted. In Hong Kong, Dr. Wang saw a few investors at 1 one-on-one meeting and one lunch group. Throughout the road shows, Dr. Wang met more than 50 fund managers and analysts from major institutes including big names like Wellington Management, Fidelity Management & Research, and Boston Company Asset Management.

Below are a few categories of major TD-SCDMA related interest points from the international financial market:

1. After the telco restructuring, what are the new competition landscape, operators’ tactics, Capex and return, etc.
   
2. Pro and cons of the asymmetric regulations for individual operators, and resulting impact on operator competency.
   
3. Maturity level of TD-SCDMA as compared to other counterpart 3G technologies, multi-mode and roaming, the user ramp-up plan for TD-SCDMA, evolutions, smooth upgrades, relations between TD-SCDMA and TD-LTE.
   
4. Status of TD-SCDMA supply chain and individual company’s upside prospect, possibilities and opportunities for tier-one international handset makers to join the supply chain to alleviate the gap between TD-SCDMA and WCDMA terminals.

There are no definitive answers for all questions, of course. Dr. Wang listened to what the investors had to say - their views, concerns, and even questionings. He provided status update of basic TD-SCDMA facts that are happening in China. In addition, he offered his views in terms of future trends and possibilities in relation to TD-SCDMA and its operators and suppliers. In exchange for a sequence of exhaustive meetings, Dr. Wang was happy to learn from the two investment banks that most of their fund clients are very appreciative of the meetings, regarding the meetings as informative and objective. Their clients indicated that they are more positive about TD-SCDMA’s future in China or even outside China, and are more optimistic about the companies that operate and manufacture the TD-SCDMA.

A detailed road show report will be submitted by the TD-SCDMA Forum to government regulators and the senior / director member companies as a reference in regulatory decisions and business decisions.