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 : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Lazlo Pierce who wrote (4539)	5/2/2000 10:16:00 AM
From: Lazlo Pierce	Respond to of 34857

Everyone wants a piece... Alcatel, Fujitsu launch 3G venture French-Japanese alliance targets Ericsson, Nokia By Gareth Vaughan, CBS MarketWatch Last Update: 10:04 AM ET May 2, 2000 NewsWatch Latest headlines PARIS (CBS, MW) -- Alcatel SA, France?s biggest telecoms equipment maker, said Tuesday it?s forming a joint venture with Fujitsu Ltd. of Japan to develop and manufacture next generation mobile-phone networks. Alcatel (ALA: news, msgs) will own 66 percent of the shares in the new company, with Fujitsu holding the rest. The French-Japanese alliance aims to combine resources to grab market share from larger rivals such as Sweden?s Ericsson AB (ERICY: news, msgs) and Nokia Oyj (NOK: news, msgs) of Finland in third generation (3G) mobile communications networks. Fujitsu (FJTSY: news, msgs) and Alcatel said the venture would have 2,000 engineers and the first product would be ready to hit the market during the first half of next year. ?This alliance is a major step forward for Alcatel?s mobile activities,? Alcatel?s senior executive vice president, Jean-Pierre Halbron, said in a statement