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To: KaiserSosze who wrote (62242)1/14/2000 8:34:00 AM
From: myadd  Read Replies (1) | Respond to of 152472
 
cbs.marketwatch.com

Nokia inks Chinese mobile Internet deal

By Gareth Vaughan, CBS MarketWatch
Last Update: 4:39 AM ET Jan 14, 2000 NewsWatch

HELSINKI (CBS.MW) -- Nokia Oyj, the world's biggest mobile phone maker, said Friday that it's teaming up with a Chinese cellular phone operator and a Chinese Internet portal to develop mobile Internet services for users of cellular phones and other mobile Net-access devices in China.

U.S. listed shares of Nokia
The Finnish giant said Chinese consumers would be offered a wide variety of wireless Internet services such as sporting events, entertainment, news, stock quotes and shopping guides.

Nokia (NOK: news, msgs) said the applications and services would be based on the Wireless Application Protocol (WAP) platform and would be offered through Beijing Mobile Communications Corporation (BMCC) in a trial project. Sohu.com, a Chinese Internet portal which has more than six million page views a day, will develop content for the service.

"Innovative mobile Internet services will bring lots of information and services available while on the move," Malcolm Arnold, a vice-president of Nokia China Investment Co., said in a statement.

Arnold added that the move would benefit online businesses and attract more advertisers, therefore providing a boost to e-commerce.

Nokia and BMCC teamed up in October to demonstrate the use of WAP technology to browse the Net in Chinese. WAP is a technology that was pioneered by Nokia, Ericsson AB (ERICY: news, msgs), Motorola (MOT: news, msgs) and Unwired Planet and makes it possible to read Internet pages from a mobile phone or other mobile Web-access device.

In Helsinki trading shares of Nokia ascended 1.6 euros to 173.

Gareth Vaughan is a reporter for CBS MarketWatch in London.
Mariko Ando, CBS MarketWatch reporter in Tokyo, contributed.






To: KaiserSosze who wrote (62242)1/14/2000 9:40:00 AM
From: HairBall  Respond to of 152472
 
KaiserSosze: I sold into the open this AM. I may look to re-enter on a pullback.

Good trading...

Regards,
LG