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Company of equipment of native land semiconductor encounters industrial cold current

October 11, 2008

Wang Ruchen

Cut down the member of persons employed, close down. The winter of IT industry, look without who can complete had hidden.

” daily of the first finance and economics ” was in know from a personage inside course of study yesterday, the parvenu of company of equipment of native land semiconductor that just cut a figure in the international market — in Shanghai small semiconductor (next weighing ” in small ” ) , experienced to cut down the member of persons employed embarrassedly, involve main force of 30 many technologies. And, a pivotal business section that values originally also by cancel.

This personage discloses say, be called by the branch of cancel CVD, namely ” facility of high-pressured thermochemistry deposit ” branch. This also is medium small two big pivotal business and one of product line, another is ion engraves section of corrode equipment business.

And it is before half an year, exhibit in global semiconductor material and equipment meeting (Japan) on, this company Ceng Gao mix announces, become independent by its the is used at 65 accept rice to be produced to chip of high end of 45 accept rice device of research and development, already whole world of make one’s bow market of equipment of top class semiconductor. This indicates the enterprise is in a Chinese mainland first sphere of semiconductor key device entered 12 inches of product line.

In small calm of an in-house personage old, afore-mentioned company business are adjusted, be situation of half-and-half conductor market answer. Because, come one year, global semiconductor market goes small continuously, semiconductor equipment demand drops relatively, a lot of person of the same trades already all were made adjust accordingly.

Come from equipment of semiconductor of SEMI(whole world and material association) the report shows, as a result of a lot of manufacturing manufacturer draw in, 2008, semiconductor equipment sale will drop 20% .

Small president holds most propbably of Yin Zhiyao of expert of equipment of president, famous semiconductor concurrently in very nest fire. Because, he ever was opposite market of filmy and deposit equipment conveyed high-pressured chemistry hopeful, 2005 to 2011, integral market year compound increase rate (include the ionic facility that engrave corrode) will amount to 12.45% . The beginning of the year, he says to reporter citing, 12 inches of product line, if produce,can be 50 thousand, need 70 70 chemical and filmy equipment, plasma to cut corrode facility at least, total prices at least 400 million dollar.

Now, branch of chemical and filmy deposit equipment however already dissolve. In small afore-mentioned personages say, this is temporary measure, center resource to expand advantage business first at present. She says, the 2nd season, company business is quite outstanding.

Yin Zhiyao accepted Singapore recently ” associated morning paper ” the calm when the special interview old, the company is growing hardly at at present period, still do not have a good deal of sales revenue, still rely on international wind to cast prop up.

Small investment just does not have any shaking in evidence. Its backside, still flaring the world-famous wind such as Gao Cheng, Hua Dengguo border, velocity of light, red dot devotes into a shadow.

Another report, relatively medium small, another puts in founding indigenous industry ’s charge by the sea likewise — integrated circuit equipment makes Hai Weixin instrument (Beijing) limited company is done not have so lucky. This year July, this founds only two years much equipment company already closed down sadly.

In small afore-mentioned personages express, industrial flourish declines period cannot evasive, but to Chinese semiconductor industry, equipment segment already was labelled to weigh bit of domain that give aid to by the country, in small should can spend trough peacefully.

Written by ITTech · Filed Under Instant Technology 

Nvidia and PC manufacturer equipment suffer the pain of the breakdown that show clip

August 29, 2008

Guide language: Foreign media publishs analytic article to say today, nvidia of the manufacturer that show clip is in the public praise of technical respect is pretty good all the time, but the solution that Nvidia and HP and Dai Er show calorie of blemish problem to go up in the part suffers industry to censure fully however.

Nvidia admits last month, partial model shows calorie of existence trouble, the likelihood brings about a system to cannot be started, or the phenomenon such as Hei Bing appears after starting. Nvidia says, the problem goes in enclose material to go up. Current, specific it computer of how many notebook suffers this problem to affect is not clear still to have computer of how many notebook suffers this problem to affect, but Nvidia had prepared reserve of 196 million dollar for this.

Nvidia did not announce what model to show card to be put in this breakdown, but express won’t recall these problem products. And manufacturer of two big PC also represents HP and Dai Er, unless user jotter appears breakdown, do not be in charge of maintenance getting influence product otherwise.

In the meantime, HP and Dai Er rolled out BIOS to replace a program, the hope rectifies fan job frequency to solve this problem through tone. But BIOS upgrades unwarrantable solve this problem, can reduce the occurrence odds of this problem only. In addition, dai Er still announces these products protect character period extend 12 months. And HP ever expressed, the maintenance that offers 24 months to get influence product serves.

Nevertheless, the user is dissatisfactory to such solution. Among them an user that wear Er says: “I hope Dai Er can understand, unless change,these show clip, otherwise the user won’t be satisfactory. Otherwise the user won’t be satisfactory..

1994, intel ” gallop ” processor ever had appeared similar breakdown. Original, intel says only a few processor suffers an effect. But as PC manufacturer and user complain sound is increasingly rising, intel is forced termless return money, and incur loss of 475 million dollar.

And Nvidia CEO Huang Renxun says, this and in those days Intel processor breakdown differs completely. The problem showing clip of Nvidia basically goes in enclose material to go up, won’t produce a problem usually. This as other as the system fittings, and how does computer firm design its product to concern. With a series of jotter, the consequence that configures different place generation is different also.

Huang Renxun says: “If every show card to have a problem together, that we must recall, but current condition is not such. And, PC manufacturer also has his choice, we won’t the product of recall client. We won’t the product of recall client..

The spokesman that wear Er says, to most user character, BIOS is updated is better solution. This spokesman still complements: “We can treat good user opinion. ” and HP spokesman did not publish a comment to this.

To the reserve of 196 million dollar, the analyst tall of stockjobber of FTN Midwest Securities installs Buddhist nun of Ni · humble (JoAnne Feeney) says, this capital may be far insufficient. But Huang Renxun thinks, 196 million dollar is already enough, he predicts, every price is the 15 chip to 20 dollars, the system maintains cost to be 400 dollars about. Huang Renxun still expresses: “We feel to this be very sorry. ” (Li Ming)

　　Relevant news:

NVIDIA denies disaster of the blemish that show clip and table chip G92 and G94

NVIDIA admits to show calorie of blemish or recall problem jotter

Written by ITTech · Filed Under Instant Technology 

Germany of AMD carry out equipment of 8 inches of plants: Russia enterprise is taken over

August 28, 2008

Wang Ruchen

Strive casts off the debt pressure, AMD that walks out of consecutive loss mire, already began to carry out president it seems that of Lu Yi wisdom ” small capital fund ” the strategy.

Yesterday, dispatches from foreign news agency says, AMD already was located in his German heart tired this the equipment of a pausing factory and technology sell Angstrem of Russia semiconductor industry. ” daily of the first finance and economics ” understanding arrives, this factory code name is Fab30, it is a factory with the relatively obsolete technology below AMD company division, those who use is craft of 90 accept rice produces 8 inches of semiconductor. It is reported, angstrem will use afore-mentioned equipment and technology to be in build of Muscovite outskirts Zelenograd a new plant, the end is official 2009 put into production.

AMD spokesman Karin Rath affirms, they made partial chip equipment sell a few semiconductor the firm, include Angstrem among them. And Pierre Brunswick of vice president of AMD Russia company expresses, american the State Council and European Union already agreed with this technology output to trade, allow Russia to obtain workmanship of 8 inches of semiconductor.

In fact, both sides is in early the success already negotiated in year 2007. Angstrem president Anatoly Sukhoparov discloses say, equipment and technology come from company of an United States. Emphasize a company will breaking up the labour that it is era and design for this Wu of two great undertaking.

Analyst of industry of a semiconductor is right ” daily of the first finance and economics ” say, russia and China are same, in American dominant ” agreement of tile dark offer ” in, belong to technical equipment to provide the boy or girl friend that charge strictly. And current in light of semiconductor whole dimensions, china returns Yuansheng Russia. Current nevertheless, technology of 90 accept rice appears already by untie a person, intel Dalian factory already obtained license of technology of 65 accept rice even.

Nevertheless, to AMD, this is a favour more. Because this is it to bring partial cash income at least, overshoot at the moment financial difficulty.

As ” small capital fund ” politic one part, AMD the beginning of the year already sold the part makes equipment, obtain about 132 million euro (add up to 1.33 billion yuan of RMBs about) income. But, the hope reduces obsolete equipment to cast off eliminate gain of debt pressure, implementation, it is an illusion undoubtedly. Because AMD is successive already gigantic deficient 7 season. Analytic personage says, if its nonperformance design and acting labour break up a plan, after profit target may want to be in two years.

Last week, dispatches from foreign news agency says, AMD interior has made a decision, next month will announce formally to simplify capital strategy, among them or will involve make with the design business is broken up, and mention, after fractionation, design firm will hold the post of CEO heart newly to overcome · Mayer to be in charge of by AMD, and manufacturing industry Wu will still currently |hold the post of president, former CEO possibly by AMD Lu Yi wisdom is responsible. Nevertheless, AMD government keeps his mouth shut all the time to this, emphasize only, company future will move toward a kind ” mixture operation ” means.

Written by ITTech · Filed Under Instant Technology 

Vanward electric equipment is concoctive and dispersed rise in price information pulls a guest to be fined 20 thousand yuan

August 12, 2008

[Hangzhou of Xinhua News Agency on June 15 report] (reporter Yue Deliang) substation of supervisory examination of Zhejiang province price releases a message to say, branch of price of 3 counties of stage state city was opposite lawfully a few days ago concoctive and dispersed rise in price the limited company of vanward electric equipment of information undertook administration is punished. This is this province first investigated businessman is concoctive and dispersed rise in price news price violates a case.

The near future, user of 20 thousand much more mobile mobile phone receives 3 counties early or late short message: “Go up! Go up! Go up! Home appliance should rise in price immediately! Vanward electric equipment is held today shut the door to sell especially meeting. Air conditioning, freezer, washing machine, the group is bought put value greatly, buy at once enjoy low not to regret! Be restricted only on from morning till night ” . After undertaking to information the technology is analysed, branch of 3 counties price thinks this businessman is suspected of the price violating act, organize personnel to begin investigation to obtain evidence immediately.

Via checking solid, limited company of electric equipment of 3 counties van is in selling operation activity, do not have special offer sale already that day, morrow also does not have commodity to rise in price, sending a short message is for tout purely, belong to concoctive, dispersed rise in price the price of information violates act.

Accordingly, branch of 3 counties price made the administrative punishment that fines 20 thousand yuan to limited company of vanward electric equipment lawfully.

Written by ITTech · Filed Under IT Magazine 

Earthquake of announcement of beautiful abundant of Sichuan of electric equipment of beautiful water chestnut is affected

August 10, 2008

Announcement of electric equipment of beautiful water chestnut, the basis is checked in detail and statistic, suffer effect of earthquake of plain of short of Wenshui River, equipment of in relief branch of continous of electric equipment of beautiful water chestnut and asset of goods in stock suffer seismic disaster impact to cause immediate pecuniary loss 865 thousand yuan. Current, continous in relief branch already resumed production in the round.

Announcement of Sichuan beautiful abundant, because get north of continous in relief city affection of barrier lake danger affects plain county Tang Jiashan, union of in relief branch of company subordinate continous produces device situation, undertake the overhaul at shifting to an earlier date on June 7, 2008. Finish equipment overhaul smoothly already at present, resumed production on June 15, 2008.

Written by ITTech · Filed Under IT Magazine 

Nuojiyaximen child sell optical equipment branch

June 12, 2008

Time of Beijing of dispatch of sina science and technology on June 12 message, according to foreign media coverage, nuojiyaximen child (next weighing ” Nuo on the west ” ) announce, be about to sell branch of its optics equipment — open transmission network (OTN) of the following abbreviation, this action means the tycoon inside this family property to continue forward the road stride of business conformity.

GIMV of company of Belgian personal capital stock already planned to buy this one branch, include its product line and function of all relevant research and development and commercial support, after buying, GIMV will become a new company, but the bade of this Belgian company still is informed at present.

The spokesman expresses Nuo on the west, OTN is in charge of be equipment of optics of large company research and development all the time, use at their transmission and energy department. 80 employee general of OTN by new company continue to employ. Nuo will not own the share of new company on the west, but the product that can continue to sell OTN with partner status.

Selling OTN is Nuoxixi hope to reduce cost 2 billion euro in the end of the year (3.1 billion dollar) the component of this one target. Fall to plan originally to finish, nuo is putting the emphasis on research and development of decisive transmission technology on the west, sell blame core branch at the same time or outside the bag gives other the company.

Written by ITTech · Filed Under IT Magazine 

City of reporter electric equipment is interviewed lock up larynx bazaar to explain by security personnel is a misunderstanding

June 11, 2008

Dispatch of new wall bulletin (Wang Shilei of reporter Yin Zhengjun) yesterday morning, a press photographer is in Guangzhou some newspaper office Zhongshan 6 generals east when electric equipment city is interviewed, doubt ensures public security 4 times by bazaar ” lock larynx ” . Classics police is mediated after, violate security personnel to apologize to the reporter on the spot, respect of electric equipment city explains this matter is ” misunderstanding ” , original idea of bazaar security personnel is protective reporter.

The general arrives after our newspaper reporter receives a reply east when management of property of electric equipment city is in, discovery manages an interpose in police to fall to undertaking intercessory when thing reporter and property of electric equipment city. Narrated its course to the reporter when thing reporter Chen Mou: Yesterday morning, he arrives according to the instruction of the newspaper office general east electric equipment city takes a picture, when him when upstair raises watch for a chance before some archives mouth, a man is old to him growl: “What do you pat, give my cutout photograph, otherwise I broke your camera! Otherwise I broke your camera!!

Chen Mou says, this man grabs watch for an opportunity at that time, chen Mou protects camera with the hand hard, this man sees shape phones security personnel to recourse instantly. 4 security personnel hear the news arrive, among them a security personnel stretchs his hand grab watch for an opportunity. Chen Mou is hit immediately 110 call the police, ask after waiting for a police to arrive, security personnel says again, but security personnel did not agree. “Their 4 individual clutch live my throat, hold my hand, go to me push in the office. ” Chen Mou is pointing to say.

As we have learned, the ability after policeman of local police station arrives dominates a got-up affair, via policeman investigation, what Chen Mou narrates a circumstance to belong to solid, the policeman criticized file on the spot advocate the misfeasance that reachs security personnel, ask archives advocate violate security personnel to apologize to Chen Mou with 4.

Mediating the spot, electric equipment city says when thing security personnel: “This is a misunderstanding completely. ” because at that time Chen Mou and archives advocate have conflict, surround view archives advocate reach masses to reach 100 people, they fear Chen Mou is harmed, and should ask its management to be in mediation, but have on processing means break appropriate.

Written by ITTech · Filed Under IT Magazine 

Electric equipment of beautiful water chestnut 7.49% share free turns to Hefei to promote peaceful

June 9, 2008

Announcement weighed electric equipment of beautiful water chestnut of dispatch of sina science and technology recently, its former parent company is beautiful water chestnut group makes over free share of electric equipment of 7.49% beautiful water chestnut to promote peaceful to Hefei, and so far,

According to announcement, state-owned asset controls the government of Hefei city people that electric equipment of beautiful water chestnut received group of Hefei beautiful water chestnut to accuse a limited company to come around recently administrative committee document ” delimit about free turn the announcement that group of beautiful water chestnut holds equity of electric equipment of beautiful water chestnut ” (asset joining a state, committee of state-owned asset supervisory management is government of people of know Hefei city to deepen state-owned company to reform further, optimize resource configuration, draft 30999055 to will add up to group of fat water chestnut to control the company of a limited company hold (take country of 7.49%) of company total stock free delimits turn to Hefei to promote peaceful to control a group limited company.

Electric equipment of beautiful water chestnut expresses, this free delimits turn matters concerned must chase class to apply for approval state-owned asset supervises the State Council administrative committee approve is rear can organize carry out. This second rights and interests is fluctuant won’t bring about a company to control authority happening change.

Current, electric equipment of beautiful water chestnut is accused by long rainbow essentially be in charge of managing. 7 years according to electric equipment of beautiful water chestnut annals shows, group of Hefei beautiful water chestnut accuses a water chestnut electric equipment of beauty of limited company hold 7.49% equity. Delimit in this turn after matters concerned is carried out, group of Hefei beautiful water chestnut controls a limited company will no longer the national equity of electric equipment of hold beautiful water chestnut. Show according to publishing a material, the group that promote peaceful is state of classics Hefei city endowment appoint the state-owned and solely invested company that approval is established and accredit runs, register capital to be a RMB 870 million yuan, its annual realized gain 2007 208 million yuan. (Kang Zhao)

Written by ITTech · Filed Under IT Magazine 

Business of equipment of 3G arrival system most first accrual

June 2, 2008

　　5月23日，历经4年之久的电信重组方案出台。方案出台后，3G概念股表现大起大落。业内专家对理财周报记者表示，电信重组和其后的3G牌照发放所激发的价值链，需要根据相关行业的能量次序、大小理性分析。

　　目前，专家普遍认为这一过程将首先对通信设备行业带来积极影响，受影响子行业包括光传输、网络建设、网络设备、无线覆盖等。专家同时建议，要重点关注实质性受益公司，回避概念炒作。

　　系统设备商最先受益

　　3G是下一代通信网络。通俗的理解是：凭借高速网络，用户在手机上可以享受更加自如、丰富，如视频通话、在线游戏、下载电影、移动购物等“无所不能”的应用。

　　随着国外3G商用的日渐成熟，3G必将是未来的生活方式之一。而资本市场之所以追捧3G概念，在于它的投资规模巨大以及所激发的价值链将冲击传统的2G网络。

　　如何拆解这条价值链？通过直观想象，首先要搭建一张完善的3G网络，然后在网络上提供吸引用户的应用业务。同时，运营商需要与SP/CP（服务供应商/内容提供商）合作，并通过手机终端的配合设计，将应用业务使用起来更方便。所以一条初步勾勒的产业链是“网络建设—内容服务—终端—用户”，所有环节的联系人均是网络运营商，即新移动、新联通和新电信。

　　据国金证券(600109)预计，3G牌照发放后三年，3G网络设备投资规模分别为363.6亿元、330亿元、287.7亿元，项目投资规模预计分别为808.1亿元、825亿元、846.1亿元，三年累计投资2479.2亿元；手机规模分别为693亿元、876亿元、966亿元。

　　其中，在网络设备投资上，系统设备商将是最先、最大受益者。目前国内系统设备商有中兴通讯(000063)（000063.SZ）、华为、UT斯达康、贝尔阿尔卡特、朗讯、爱立信、诺基亚西门子等。

　　作为A股唯一涉及移动通信核心网建设、且在3G产业链上涉足最多的上市公司，中兴通讯无疑将是电信重组的头号受益者。海通证券(600837)通信行业首席分析师陈美风对理财周报记者表示，中兴通讯在去年中移动TD试验网设备招标中的中标金额近24亿元，“预计今后三年，中兴通讯每年3G设备中标规模将不少于去年的数字，今年中兴通讯收入规模有望接近500亿元。”

　　无线接入网投资占比最高

　　在这条环环相扣的产业链上，我们需要进一步拆分每一个环节，以了解行业所处的位置及被辐射的能量。

　　3G网络建设由核心网、无线网、传送网、业务网、支撑网构成，每一个子网络都可以对应到上市公司。如核心网目前只对应中兴通讯一家；无线网包括基站控制器、基站及相关设施，对应的上市公司有中兴通讯、武汉凡谷(002194)（002194.SZ）、三维通信(002115)（002115.SZ）、奥维通信（002231.SZ）等；传送网主要涉及传输设备，对应的上市公司包括烽火通信(600498)（600498.SH）、上海普天(600680)（600680）等；业务网主要包括短信中心、业务管理平台等，对应的有中兴通讯（000063.SZ）；支撑网包括计费、网管等系统，对应的上市公司有华胜天成(600410)（600410.SH）、亿阳信通(600289)（600289.SH）等。

　　而被市场长线看好的3G内容服务商，则包括如新浪、盛大、搜狐、网易、百度等SP/CP；至于终端，则可以拆解为手机以及它的上游，如芯片厂商、液晶屏厂商等。

　　陈美风受访时表示，在整个3G网络投资中，“核心网和无线接入网的投资比重最大，约50%左右”。业内通信专家预计，在3G网络建设的总投资中，无线接入网投资占比最高，将达到总投资的75%以上。无线接入网的总投资可以划分为主设备（基站控制器、基站设备）、动力系统（电源模块、蓄电池等）、机房配套（机房、塔桅等）和接入传输（传输设备和线路）四大部分。

　　当然，这四大部分在3G中的受益比重目前很难判断。首先，可以确定的是3G基站必须铺设，基础设备商中兴通讯、华为必然受益。基站的上游如射频器件供应商武汉凡谷也将受益。但是，对于一些配套设备商，如直放站厂商奥维通信和三维通信，市场就存在分歧。国金证券陈运红接受理财周报记者采访时就表示，“建设初期运营商不会过多地放直放站。”

　　布网战略催生子产业链

　　一些电信专家则认为，3G网络建设运营商必须考虑建网成本，多数认为会利用旧的2G网络。比如站址共享，这样可以减少铁塔、桅杆、天馈系统、动力系统、直放站等配套设施的数量。

　　另一方面，建网也受到运营商的战略部署影响。如光传输市场就存在分歧。广发证券李太勇博士对记者表示，电信重组后中国移动可能会加强光纤领域的投资，以弥补移动在宽带领域的薄弱，“从未来来讲，三网融合、‘铜退光进’是大趋势。中国移动在3G投资的同时，也会在这一领域加强。”

　　而陈运红则认为，由于中国移动主要精力放在TD上，拿到了全业务经营牌照后，并不会大规模铺设光缆进军宽带领域，“光纤光缆目前处于增收不增利的无序阶段。因此，主营业务在光纤光缆领域的企业，短期内并不能享受到重组及3G带来的好处。”但在光传输设备领域却不同，“无论移动设备还是宽带都需要该领域的产品，因为传输带宽的瓶颈并不是光纤本身，而是传输设备。”

　　对投资比重最大的通信设备领域来说，这又是一条子产业链。它将取决于运营商的布网战略，可以梳理的先后次序可能为“无线接入设备与核心网设备—传输设备—网络优化设备”，然后再从它们的上下游中寻找行业龙头公司，包括有中兴通讯、华胜天成、武汉凡谷、烽火通信（600498.SH）、中创信测(600485)（600485.SH）等。

Written by ITTech · Filed Under IT Magazine 

Business of equipment of 3G arrival system most first accrual

June 2, 2008

　　5月23日，历经4年之久的电信重组方案出台。方案出台后，3G概念股表现大起大落。业内专家对理财周报记者表示，电信重组和其后的3G牌照发放所激发的价值链，需要根据相关行业的能量次序、大小理性分析。

　　目前，专家普遍认为这一过程将首先对通信设备行业带来积极影响，受影响子行业包括光传输、网络建设、网络设备、无线覆盖等。专家同时建议，要重点关注实质性受益公司，回避概念炒作。

　　系统设备商最先受益

　　3G是下一代通信网络。通俗的理解是：凭借高速网络，用户在手机上可以享受更加自如、丰富，如视频通话、在线游戏、下载电影、移动购物等“无所不能”的应用。

　　随着国外3G商用的日渐成熟，3G必将是未来的生活方式之一。而资本市场之所以追捧3G概念，在于它的投资规模巨大以及所激发的价值链将冲击传统的2G网络。

　　如何拆解这条价值链？通过直观想象，首先要搭建一张完善的3G网络，然后在网络上提供吸引用户的应用业务。同时，运营商需要与SP/CP（服务供应商/内容提供商）合作，并通过手机终端的配合设计，将应用业务使用起来更方便。所以一条初步勾勒的产业链是“网络建设—内容服务—终端—用户”，所有环节的联系人均是网络运营商，即新移动、新联通和新电信。

　　据国金证券(600109)预计，3G牌照发放后三年，3G网络设备投资规模分别为363.6亿元、330亿元、287.7亿元，项目投资规模预计分别为808.1亿元、825亿元、846.1亿元，三年累计投资2479.2亿元；手机规模分别为693亿元、876亿元、966亿元。

　　其中，在网络设备投资上，系统设备商将是最先、最大受益者。目前国内系统设备商有中兴通讯(000063)（000063.SZ）、华为、UT斯达康、贝尔阿尔卡特、朗讯、爱立信、诺基亚西门子等。

　　作为A股唯一涉及移动通信核心网建设、且在3G产业链上涉足最多的上市公司，中兴通讯无疑将是电信重组的头号受益者。海通证券(600837)通信行业首席分析师陈美风对理财周报记者表示，中兴通讯在去年中移动TD试验网设备招标中的中标金额近24亿元，“预计今后三年，中兴通讯每年3G设备中标规模将不少于去年的数字，今年中兴通讯收入规模有望接近500亿元。”

　　无线接入网投资占比最高

　　在这条环环相扣的产业链上，我们需要进一步拆分每一个环节，以了解行业所处的位置及被辐射的能量。

　　3G网络建设由核心网、无线网、传送网、业务网、支撑网构成，每一个子网络都可以对应到上市公司。如核心网目前只对应中兴通讯一家；无线网包括基站控制器、基站及相关设施，对应的上市公司有中兴通讯、武汉凡谷(002194)（002194.SZ）、三维通信(002115)（002115.SZ）、奥维通信（002231.SZ）等；传送网主要涉及传输设备，对应的上市公司包括烽火通信(600498)（600498.SH）、上海普天(600680)（600680）等；业务网主要包括短信中心、业务管理平台等，对应的有中兴通讯（000063.SZ）；支撑网包括计费、网管等系统，对应的上市公司有华胜天成(600410)（600410.SH）、亿阳信通(600289)（600289.SH）等。

　　而被市场长线看好的3G内容服务商，则包括如新浪、盛大、搜狐、网易、百度等SP/CP；至于终端，则可以拆解为手机以及它的上游，如芯片厂商、液晶屏厂商等。

　　陈美风受访时表示，在整个3G网络投资中，“核心网和无线接入网的投资比重最大，约50%左右”。业内通信专家预计，在3G网络建设的总投资中，无线接入网投资占比最高，将达到总投资的75%以上。无线接入网的总投资可以划分为主设备（基站控制器、基站设备）、动力系统（电源模块、蓄电池等）、机房配套（机房、塔桅等）和接入传输（传输设备和线路）四大部分。

　　当然，这四大部分在3G中的受益比重目前很难判断。首先，可以确定的是3G基站必须铺设，基础设备商中兴通讯、华为必然受益。基站的上游如射频器件供应商武汉凡谷也将受益。但是，对于一些配套设备商，如直放站厂商奥维通信和三维通信，市场就存在分歧。国金证券陈运红接受理财周报记者采访时就表示，“建设初期运营商不会过多地放直放站。”

　　布网战略催生子产业链

　　一些电信专家则认为，3G网络建设运营商必须考虑建网成本，多数认为会利用旧的2G网络。比如站址共享，这样可以减少铁塔、桅杆、天馈系统、动力系统、直放站等配套设施的数量。

　　另一方面，建网也受到运营商的战略部署影响。如光传输市场就存在分歧。广发证券李太勇博士对记者表示，电信重组后中国移动可能会加强光纤领域的投资，以弥补移动在宽带领域的薄弱，“从未来来讲，三网融合、‘铜退光进’是大趋势。中国移动在3G投资的同时，也会在这一领域加强。”

　　而陈运红则认为，由于中国移动主要精力放在TD上，拿到了全业务经营牌照后，并不会大规模铺设光缆进军宽带领域，“光纤光缆目前处于增收不增利的无序阶段。因此，主营业务在光纤光缆领域的企业，短期内并不能享受到重组及3G带来的好处。”但在光传输设备领域却不同，“无论移动设备还是宽带都需要该领域的产品，因为传输带宽的瓶颈并不是光纤本身，而是传输设备。”

　　对投资比重最大的通信设备领域来说，这又是一条子产业链。它将取决于运营商的布网战略，可以梳理的先后次序可能为“无线接入设备与核心网设备—传输设备—网络优化设备”，然后再从它们的上下游中寻找行业龙头公司，包括有中兴通讯、华胜天成、武汉凡谷、烽火通信（600498.SH）、中创信测(600485)（600485.SH）等。

Written by ITTech · Filed Under IT Magazine 

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