EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: Gus who wrote (10837)	8/6/2000 9:41:39 PM
From: Jerryco1	Read Replies (1) of 17183

In anyone did not read Gus's post #1837 please do and then the following will make sense. Sunday August 6, 8:44 pm Eastern Time DoCoMo to raise capex by 11 pct in 2000/01-paper TOKYO, Aug 7 (Reuters) - Japan's dominant mobile phone company NTT DoCoMo Inc plans to increase its 2000/2001 capital spending by 11 percent from a year earlier to 973 billion yen, a Japanese financial daily said on Monday. The Nihon Keizai Shimbun said that NTT DoCoMo is considering investing 30 billion yen to expand facilities related to its ``i-mode'' Internet cell phone service, including the management centre, which has broken down frequently due to explosive growth in subscribers. An NTT DoCoMo spokesman declined to comment on the company's capital spending. The company estimated last month that the number of i-mode users may reach 17 million by the year-end, well above a target of 10 million set early this year. The newspaper report said that the company would spend some one trillion over the next three years to launch advanced cell phones from May 2001. NTT DoCoMo shares ended at 2.8 million yen on Friday, up 1.1 percent from the previous session. They were unchanged in early Monday trade.

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