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To: voop who wrote (2253)	10/13/1999 9:29:00 AM
From: Ruffian	Respond to of 13582

GPRS> Top Financial News Wed, 13 Oct 1999, 1:17am EDT Japanese Government Set to Announce Terms of $12 Bln NTT Share Sale Friday By Junko Fujita and reporting from Yuzo Yamaguchi Japan to Give Terms of $12 Bln NTT Share Sale Friday (Update1) (Adds investor comment in 4th paragraph.) Tokyo, Oct. 13 (Bloomberg) -- Japan will announce Friday its latest sale of Nippon Telegraph & Telephone Corp. stock, raising some $12 billion to help fund a bank bailout, according to people familiar with the government's plans. The Ministry of Finance will sell as many as 952,000 shares, or 6.0 percent of the world's largest phone company, in its fifth sale since 1986, the people said. The sale, one of the world's biggest, will provide a timely windfall for the government as NTT shares rose by two thirds since an 855 billion yen ($8 billion) offering last December. ''This is a dream come true for investors. NTT shares will be a valuable investment,'' said Yoshio Inamura, an assistant general manager in the portfolio investment department at Tokyo- Mitsubishi Asset Management Ltd. who indicated he already owns some NTT shares. ''We're going to be buying.'' Inamura expects NTT's shares to rise in value because of the company's key role in the reorganization of the telecommunications industry and the Internet in Japan. The ministry is selling the shares to finance part of a government plan to allocate 7 trillion yen in additional spending for the fiscal year to March 31 to clean up losses at failed banks, including Long Term Credit Bank of Japan Ltd. The government will see its holding in NTT fall to about 53 percent. The shares could be priced as soon as Nov. 8, the people said. Goldman Sachs Group Inc., Nikko Salomon Smith Barney Ltd. and Warburg Dillon Read Ltd. are managing the sale. Executives at the three banks either declined to comment or couldn't be reached. NTT shares rose as much as 2.9 percent to 1.44 million yen. In the last sale, the shares were priced at a 3 percent discount to attract investors. The three investment banks could collect about 20 billion yen in fees, based on the 2.15 percent commission paid to underwriters in the last public sale of NTT shares.

To: voop who wrote (2253)	10/13/1999 9:30:00 AM
From: Ruffian	Read Replies (1) \| Respond to of 13582

Sratch Last Post, This One GPRS> GPRS Creepers Scientist says GPRS phones could put a kick into your day Mobile phone vendors say that the only thing stopping them marketing General Packet Radio Service (GPRS) terminals is interoperability testing. Some scientists might argue the point, though. Dr Alan Preece of Bristol University, earlier this year, discovered that radiation from present-day GSM phones might interfere with some physical functions of the human body. Preece found that the phones boost reaction times by 4%. Preece now calculates that full-rate GPRS terminals will breach current health standards. "The different guidelines will be easily exceeded," he said, referring to limits on microwave exposure set by the World Health Organisation (WHO), the American National Standards Institute (ANSI) and the International Commission for Non-Ionising Radiation Protection (ICNIRP).