Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: FESHBACH_DISCIPLE who wrote (51329)	11/21/1999 9:53:00 PM
From: Ruffian	Read Replies (2) \| Respond to of 152472

Sunday November 21, 9:46 pm Eastern Time Korea Telecom sells 20% stake in unit to Motorola SEOUL, Nov 22 (Reuters) - Korea Telecom Co said on Monday it sold a 20 percent stake in its wholly owned radio communications service unit to Motorola Inc (NYSE:MOT - news) for 13 billion won through a new share issue. The government-run telecommunications and telephone giant said in a statement Motorola purchased 2.6 million new common shares issued by Korea Telecom Powertel Co, which provides trunked radio system services. It said Korea Telecom and Motorola would also expand cooperation in related business areas.

To: FESHBACH_DISCIPLE who wrote (51329)	11/21/1999 10:18:00 PM
From: T L Comiskey	Respond to of 152472

Japan Stocks Gain Sharply .c The Associated Press TOKYO (AP) - The dollar rose against the yen early Monday amid receding fears about inflation in the United States. Japanese stocks gained sharply. The dollar bought 106.52 yen, up 0.66 yen from late Friday in Tokyo and also above its late New York level of 106.08 yen on Friday. The benchmark 225-issue Nikkei Stock Average rose 247.13 points, or 1.33 percent, to 18,817.97 points in the first 30 minutes of trading. On Friday, the average closed up 38.03 points, or 0.21 percent. In currency dealings, the dollar's strength came from last week's interest rate hike by the Federal Reserve and stability on Wall Street. Last Tuesday, the Fed's policy-makers boosted interest rates by a quarter of a point to contain inflationary pressure. Early in the Asian session Monday, the dollar moved as high as 106.60 yen at one point on bids from Japanese bank dealers as well as some U.S. funds. The currency then shed some of its gains. Traders said bullish sentiment on the dollar will remain for a while. In other currencies, the euro was traded at 109.55 yen, up from 109.22 yen late Friday in Tokyo. On the stock market, prices opened sharply higher Monday, led by high-tech and communications-related issues. Players said that the dollar's strength against the Japanese currency and gains on stock markets worldwide were supporting investor confidence in Tokyo. In New York, the Dow Jones industrial average fell 31.81 points to close at 11,003.89 at Friday's close. The broader Tokyo Stock Price Index of all issues listed on the first section was up 16.67 points, or 1.01 percent, to 1,659.34 points. The TOPIX closed up 20.62 points, or 1.27 percent, on Friday. The yield on the benchmark 10-year Japanese government bond rose to 1.8650 percent from Friday's finish of 1.8500 percent. Its price fell 0.13 point to 99.44.