Nokia launches 1st Net enabled phone in Japan
Finnish cell phone maker's shares hit record high
By Gareth Vaughan, CBS MarketWatch
Last Update: 11:08 AM ET Mar 28, 2000
HELSINKI (CBS.MW) -- Shares of Nokia Oyj, the world's No. 1 cell
phone maker, surged to a record high Tuesday after the company
introduced its first Internet enabled phone in Japan.
Nokia said the phone
-- the DoCoMo
NM502i -- will be
marketed in
partnership with NTT
DoCoMo (NMNCY:
news, msgs), Japan's
biggest mobile phone
operator.
The Finnish cell phone maker claimed it's the only i-mode product available that offers bi-lingual Japanese/English operations.
I-mode technology is used in NTT DoCoMo's digital packet network and provides instant access to the Net. Nokia said the NM502i also has a HTML browser, a built-in modem and infrared connectivity that enables data exchange with computers and other Nokia phones. The new phone's available in blue and silver.
Shares of Nokia advanced as much as 3 percent to 239.2 in Helsinki
trading before slipping back a little to close 4.7 euros, or 2 percent, higher
at 236.9. However Nokia's U.S.-listed shares were heading in the other
direction descending 3 15/16, or 1.7 percent, to 226 10/16.
Gareth Vaughan is a reporter for CBS MarketWatch in London.
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