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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Bux who wrote (4967)	1/9/2000 8:43:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 13582

Korea Telecom, IBM in Internet alliance SEOUL, Jan 10 (Reuters) - South Korea's state-run Korea Telecom Co said on Monday it had formed a strategic alliance with International Business Machines Corp (IBM) to cooperate in Internet-related business. IBM will provide help in terms of software, hardware and other technical resources required for Korea Telecom's expanded Internet business operations but did not disclose financial terms, a Korea Telecom official said. The Korean telecommunications giant said in a statement the alliance would help it in building a mammoth Internet data centre in Seoul for completion by 2003. By the same time, Korea Telecom plans to build a network of Internet data centres in the country's six other major cities, including Pusan, Kwangju, Taegu and Taejon. The data centres are to provide customer service related to Internet use, the company said.