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To: moat who wrote (42121)	9/21/1999 6:08:00 PM
From: Ruffian	Respond to of 152472

WSJ> interactive.wsj.com

To: moat who wrote (42121)	9/21/1999 6:53:00 PM
From: Ruffian	Read Replies (2) \| Respond to of 152472

DDI Shares Halted> DDI Shares Suspended in Tokyo on IDO Merger Report By Tak Kumakura at Bloomberg News 21 September 1999 DDI Corp., Japan's third-largest telecommunications company, was suspended from trading on the Tokyo Stock Exchange following a report it is in talks to merge with privately held telephone company IDO Corp. Trading in the shares will begin at 10:40 local time. The Nihon Keizai newspaper said, without citing sources, that the two companies will merge in April, creating a cellular and long-distance phone company with annual sales of 1.6 trillion yen ($15 billion). Toyota Motor Corp. and Kyocera Corp. would become major shareholders of the new company, the paper said. Kyocera is currently the largest shareholder of DDI, while IDO is affiliated with Toyota, the world's No. 3 automaker. Ryuichi Kinoshita, managing director of Tokyo-based DDI, told Bloomberg News there is no truth to the story, and that the two companies are not talking with each other. DDI said in a statement that while it has "an extremely close cooperative relationship" with IDO, "nothing has been decided" on future ties between the companies. IDO officials weren't immediately available for comment. A merger between DDI and Tokyo-based IDO would create Japan's second largest comprehensive telecommunications group behind Nippon Telegraph and Telephone Corp., capable of offering everything from cellular and personal handyphone services to long- distance calls. Talk of a merger between IDO and DDI has been rife this year. DDI said in April any merger with IDO would include only the company's cellular phone units. Toyota said in July 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 at that time. IDO offers cellular services between Tokyo and Nagoya, the only area not covered by DDI. DDI and IDO, which have been jointly operating CdmaOne digital cellular services since spring this year, found a merger is needed to improve their financial positions and to shoulder the cost of developing new services, the report said. DDI yesterday rose 23,000 yen to 799,000. Copyright 1999, Bloomberg L.P. All Rights Reserved. World Trade e-commerce plan gaining momentum Applications by the ton as Germany opens floodgates for broadband wireless access 'Careful' Globalstar set to tiptoe into satellite market U.S. uses WTO threat to challenge Japanese pricing Telia plans new network for international growth CI's silver anniversary review of its coverage Titans & visionaries share their scenarios of 2024 Satellite and subspace slug it out for broadband Data warehousing helps mine for gold Using bundled services to compete © EMAP Media 1999