Wednesday July 4, 8:22 pm Eastern Time
NTT Data, Microsoft, Compaq in e-commerce alliance
TOKYO, July 5 (Reuters) - NTT Data Corp , Microsoft Corp (NasdaqNM:MSFT - news) and Compaq Computer Corp's (NYSE:CPQ - news) Japanese unit will form an electronic commerce company in August to provide software for firms, the Nihon Keizai Shimbun reported Thursday.
NTT Data, a subsidiary of dominant telecoms carrier Nippon Telegraph and Telephone Corp , will take a majority stake in the company, which will be capitalised at 400 million yen ($3.21 million). Microsoft and Compaq are likely to split the remaining stake equally, the business daily said.
The new company, which will aim for three billion yen in sales in the 2003 financial year, will offer software that allows other companies to sell their goods and services online using software that manages inventory, orders and settlement.
As companies increasingly turn towards the Internet to offer their goods and services more efficiently, companies like BEA Systems Inc (NasdaqNM:BEAS - news) have been offering electronic commerce software to meet their needs.
NTT Data shares were down 0.61 percent at 649,000 yen at the start of trade in Tokyo while Microsoft closed at $70.47 and Compaq closed at $15.14. The Nikkei benchmark average was down 0.46 percent. |
