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Technology Stocks : The New Qualcomm - a S&P500 company

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Nov 10 3:59 PM EST

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To: Bux who wrote (2100)	10/7/1999 2:02:00 PM
From: Ruffian	Read Replies (1) of 13582

And The Beat Goes On> October 7, 1999 Vodafone to buy Cable & Wireless' Japan interests LONDON—Cable & Wireless plc said it agreed to sell its mobile telephony interests in Japan to Vodafone AirTouch plc for $411 million in cash. Cable & Wireless sold its shareholdings in the Digital Phone Group on Sept. 22, and has completed a definitive agreement to sell its 2.5-percent holdings in each of the six Digital Tu-Ka companies that cover the rest of Japan. The company said the transaction will result in a profit on disposal of $389 million before taxes. Stephen Pettit, Cable & Wireless' executive director of corporate development, said the company's commitment to the Japanese market now is fully focused within Cable & Wireless IDC, ‘‘in line with our strategy centered on data and Internet Protocol services to business customers.'' RCR NEWS

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