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Technology Stocks : Nokia (NOK)

NOK 6.435

+0.5%

Jan 21 3:59 PM EST

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To: tero kuittinen who wrote (1679)	3/25/1999 10:11:00 PM
From: Sleeper	Read Replies (1) of 34857

Of interest... Nokia plans to buy more Internet cos-report March 25, 1999 09:38 PM NEW YORK, March 25 (Reuters) - Nokia Corp's chairman told Business Week the Finnish telecom equipment maker plans to buy some more Internet companies, the financial weekly reports in its April 5 edition. The magazine's closely-watched Inside Wall Street column quoted chairman Jorma Ollila as saying the company would use a lot of the $9 billion raised in a new stock issue for acquisitions. Ollila did not provide details but Business Week said analysts were speculating that companies he is eyeing could include Britain's Psion PLC POL , Qubit Technology and 3Com Corp's COMS PalmPilot. 3Com was not immediately available for comment and Qubit could not immediately be reached. The magazine said Nokia in the past year and a half had snatched up four small companies that specialise in electronic commerce, Internet routers and other Internet-related businesses. ((-- New York Newsdesk 212.859.1700)) REUTERS ---------------------------------------------------- Sleeper

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