Qualcomm

(QCOM) - Get Report

was up 5.2% in midmorning after

ABN Amro

reportedly said Korea's new information minister favors Qualcomm's CDMA technology, which most Korean mobile phone makers rely on.

Also,

The Wall Street Journal

reported that

China Unicom

plans to spend $2.4 billion to build out its CDMA network by 2002. China Unicom officials earlier said they would spend $1.8 billion.