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

QCOM 163.32

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Nov 21 3:59 PM EST

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To: cfoe who wrote (3238)	11/14/1999 7:18:00 PM
From: SKIP PAUL	Read Replies (1) of 13582

Sunday November 14, 7:08 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) S.Korea's KT Freetel in $600 mln stake sale deal SEOUL, Nov 15 (Reuters) - Korea Telecom (KT) Freetel Corp said on Monday it had secured over $600 million of investment from Microsoft Corp (NasdaqNM:MSFT - news), Qualcomm Inc (NasdaqNM:QCOM - news) and Canada's Capital Communication (CDPQ). The South Korean mobile phone operator, an affiliate of Korea Telecom Corp , said in a statement the three foreign companies would purchase new shares equivalent to 9.28 percent of the company's share capital. (Note: this article is ''in progress''; there will likely be an update soon.)

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