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Technology Stocks : Ascend Communications (ASND)

ASND 210.49

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To: sepku who wrote (9233)	8/19/1997 2:01:00 PM
From: Sector Investor	of 61433

Re: NTT NTT To Form Internet Advertising Co. With 3 Others Dow Jones News Service via Dow Jones TOKYO (Dow Jones)--Nippon Telegraph & Telephone Corp. (NTT), Japan's largest domestic telephone carrier, said Tuesday that it and three other companies will establish a company in Japan to create advertisements on the Internet. DoubleClick Japan Inc. will be capitalized at Y180 million. NTT and NTT Advertising Inc., an NTT unit, will invest 17% each, while the Japanese company Trans Cosmos Inc. (J.TCS) will put up 56%. DoubleClick Inc. of the U.S. will put up the remaining 10%. The company will begin sales in October, and aims for sales of Y300 million in the first year, the companies said in a statement. DoubleClick will also conduct market surveys and develop and market internet advertising software, the companies said. NTT made a separate announcement earlier Tuesday that it is considering investing in Asia Internet Holding, a Japanese company that connects Internet services between Japan and other Asian countries.

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