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To: JohnG who wrote (35278)	7/16/1999 1:04:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Sorry if this was posted Japan> cdma news from japan by: nbfm (45/M/san diego) 25863 of 25864 Toyota Weighs Merger of Its Cellular Phone Unit to Compete With NTT DoCoMo Tokyo: Toyota Motor Corp., the world's No. 3 automaker, said it is interested in merging its mobile phone business with Japan's third-largest telephone company to help develop telecommunications technology that would make driving easier and safer. Toyota ''sees merit'' in merging its cellular phone subsidiary IDO Corp. with DDI Corp., Toyota's head of information technology, Susumu Miyoshi, told Bloomberg News. IDO offers cellular services between Tokyo and Nagoya, the only area not covered by DDI. A merger would create a powerful rival to NTT Mobile Communications Network Inc., the world's largest cellular phone company and a unit of NTT Corp., the biggest phone company. It would also help Toyota develop ''smart cars,'' vehicles that use telecommunications to select the least congested route and on computers to control acceleration, braking and parking. ''If the two companies merged, they would be able to combine marketing, advertising, and research and development, resulting in cost savings,'' Miyoshi said.

To: JohnG who wrote (35278)	7/16/1999 1:50:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Sawtek Inc. (SAWS) 64 1/4 +5 1/2: Shares of supplier of electronic signal processing components are being rewarded today after the company posted better-than-expected fiscal Q3 results last night. The company earned $0.38 a share, four cents better than the First Call estimate, and 18.8% ahead of year-ago profits. Meanwhile, revenues for the quarter were up 10.6% on a sequential basis, but down 1.1% on a year-over-year basis. However, worldwide demand for both base station and handset filters based on CDMA technology have continued to be strong as international sales improved in the quarter due to purchases from South Korean customers which now make up 17% of the company's total sales. The company is also planning an aggressive ramp-up of production capabilities to meet increasing demand and which makes the company's long-term prospects much improved. The latest earnings news has not been lost on investors as they have continued to bid the stock up even though the stock has risen more than 186% since March and 329% since last October. At the same time, the stock is getting an upward push today from USB Piper Jaffray as the firm upgraded the stock from a "buy" to "strong buy" and also increased earnings estimates. The firm upped FY99 EPS estimate from $1.34 to $1.39 and FY00 EPS from $1.47 to $1.67 per share. With the more optimistic earnings outlook, SAWS shares are now trading at 38 times projected FY00 earnings which leaves little room for error since in the past year, sales have been expanding by around 15%, while profits have grown by 25%. If the company can get back to its longer-term sales and earnings growth rates of 44% and 56%, respectively, then it should have little problem justifying its lofty stock price. Otherwise, it could be a long drop before valuations again line up with current growth trends. - RN