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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.11

+1.1%

12:17 PM EST

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To: Boplicity who wrote (59674)	1/5/2000 10:50:00 AM
From: Ruffian	Read Replies (2) of 152472

Goldman Sachs, Kyocera to Announce 'Joint Project' on Friday Tokyo, Jan. 5 (Bloomberg) -- Goldman Sachs & Co., the top arranger of Japanese takeovers last year, said it will announce a ''joint project'' on Friday with Kyocera Corp., the main shareholder in what will become Japan's second-largest telephone company in October. Henry Paulson, chairman of Goldman Sachs Group Inc., and Kyocera President Yasuo Nishiguchi will attend the news conference, scheduled for 4 p.m. local time in Tokyo. A Goldman Sachs spokeswoman in Tokyo declined to comment on the project. Kyocera will have a 15.8 percent stake in a new company owned by DDI Corp., which will be Japan's biggest provider of international phone services and have a nationwide cellular phone network. DDI agreed to buy rivals KDD Corp. and IDO Corp. for about $26 billion in stock and assumed debt in Japan's largest corporate takeover. Goldman Sachs advised DDI on the takeover.

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