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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: coissant who wrote (77839)	2/23/2000 8:44:00 AM
From: 2MAR$	Respond to of 108040

SVNX--->Motorola takes equity stake in 724 Solutions NEW YORK, Feb 23 (Reuters) - Telecommunications and technology company Motorola Inc. <MOT.N> has purchased an equity stake in 724 Solutions Inc. <SVN.TO> <SVNX.O>, whose products help secure on-line financial information, the companies said on Wednesday. The equity stake was purchased in conjunction with 724 Solutions's initial public offering in late January. Company officials were not immediately available to provide further details. 724 Solutions' products let financial institutions offer personalized and secure on-line banking, brokerage and e-commerce services across many Internet-enabled wireless and consumer electronic devices. Consumers can get financial information using digital mobile phones, personal digital assistants, two-way pagers and personal computers. Motorola also said that it plans to use 724 Solutions' products in a variety of its Internet-enabled wireless devices. According to information provided by the companies, information research firm Dataquest estimated that the number of wireless data subscribers worldwide will grow to about 111 million by the end of 2003, up from 16 million at the end of (REUTERS) Motorola takes equity stake in 724 Solutions Motorola takes equity stake in 724 Solutions NEW YORK, Feb 23 (Reuters) - Telecommunications and technology company Motorola Inc. <MOT.N> has purchased an equity stake in 724 Solutions Inc. <SVN.TO> <SVNX.O>, whose products help secure on-line financial information, the companies said on Wednesday. The equity stake was purchased in conjunction with 724 Solutions's initial public offering in late January. Company officials were not immediately available to provide further details. 724 Solutions' products let financial institutions offer personalized and secure on-line banking, brokerage and e-commerce services across many Internet-enabled wireless and consumer electronic devices. Consumers can get financial information using digital mobile phones, personal digital assistants, two-way pagers and personal computers. Motorola also said that it plans to use 724 Solutions' products in a variety of its Internet-enabled wireless devices. According to information provided by the companies, information research firm Dataquest estimated that the number of wireless data subscribers worldwide will grow to about 111 million by the end of 2003, up from 16 million at the end of 1998. ((-- New York technology desk, (212) 859-1860)) REUTERS * end of story * * end of story *