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

To: Caxton Rhodes who wrote (1591)	7/29/2000 4:55:22 PM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 197271

DoCoMo sets up navigation services firm By Reuters staff 28 July 2000 Japan's dominant mobile phone company NTT DoCoMo Inc said on Friday it would join five other firms in setting up a company to offer comprehensive positioning and navigation information services. NTT DoCoMo said the new company, to be called Location agent Inc, would be the first to offer a comprehensive service in Japan and was also probably a world first. "For example, you could be a businessman looking for a company and download a map onto your cell phone," a spokesman for NTT DoCoMo said. "We could also offer a service that would help find confused elderly people who may have wandered off." The position of a vehicle or pedestrians using a cell phone would be pinpointed using global positioning satellite (GPS) and personal handy phone technology. NTT DoCoMo will have a 59 percent holding in the company which will be capitalised at 450 million yen ($4 million). Other major shareholders are electronics heavyweight NEC Corp and trading firm Mitsui & Company Ltd which will hold a 14 percent stake each. Shares in NTT DoCoMo ended Friday trade down some three percent at 2.84 million yen in line with broad weakness in Tokyo stocks.