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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: JohnG who wrote (324)	7/6/2000 12:46:06 PM
From: JohnG	Respond to of 197452

NTT monopoly generates obscene profits. JohnG telecomasia.net uesday, 4 July, 2000 NTT ups profit estimates, looks to the UK Japan's incumbent telecommunications provider, NTT Corp, nearly doubled its profit forecast for the current fiscal year ending March 2001 yesterday, revising its projected consolidated profits to 172 billion yen from an earlier projection of 99 billion yen. NTT also raised its projected consolidated pretax profits from 675 billion yen to 733 billion yen. The company said earlier that it was enjoying strong revenue growth as a result of mounting demand from dial-up Internet users as well as ISDN subscribers. Meanwhile, NTT's mobile arm, DoCoMo, is reportedly readying a bid with European partner, KPN Mobile, for Hutchison's UK-based operation, which holds one of four slots of 3G spectrum in that market. Market rumors say DoCoMo and KPN Mobile is expected to pay up to US$2 billion for about 35% of a joint-venture between Hong Kong's Hutchison and Canada's Telesystem International Wireless. Hutchison will remain the majority shareholder with 48% of the entity while TIW will retain a 7% stake.