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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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To: slacker711 who wrote (50771)	3/3/2006 11:44:46 AM
From: slacker711	Read Replies (2) of 197024

Vodafone in talks to sell Japan arm Softbank mulls division that's No. 3 in Japanese market marketwatch.com E-mail \| Print \| \| Disable live quotes By Steve Goldstein, MarketWatch Last Update: 11:26 AM ET Mar 3, 2006 LONDON (MarketWatch) -- Mobile-phone company Vodafone Group rallied 9% on Friday after saying it's in talks to sell its loss-making Japanese arm. VOD21.25, +1.57, +8.0%) (UK:VOD: news, chart, profile) said it's discussing a sales of the division to Softbank Corp., the Japanese investor. Its shares, which started rallying ahead of the company's announcement, rose 9.4% to 122.25 pence in London. In Japan, Vodafone is the third-ranking operator behind NTT DoCoMo and KDDI. Vodafone shares have been driven to three-year lows on a series of profit warnings. On Monday the company had said it would have to write off up to $49 billion in goodwill, mostly on its German operations, and lowered its revenue and earnings guidance for the year ending with March 2007. Average revenue per user fell 3.7% in the December-ending quarter in Japan, an improvement from the 5.4% fall in the September-ending quarter. Steve Goldstein is MarketWatch's London bureau chief.

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