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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Timothy R. Tierney who wrote (15153)	7/31/2000 9:51:19 AM
From: WR	Respond to of 29987

Ford and Qualcomm form wireless services company REUTERS in Dearborn, Michigan Car maker Ford Motor Co and Qualcomm Inc, a provider of wireless phone technology, on Monday announced the creation of a new company to develop and deliver wireless information services into cars and trucks. Known as Wingcast, the new company will be based in San Diego and will offer voice, entertainment, Internet access and safety services to drivers of Ford vehicles. The first services will be available in late 2001. Terms of the deal were not disclosed, but Ford and San Diego-based Qualcomm each will own equity in Wingcast. Also, Cartell, a Michigan-based supplier of telematics equipment to car makers, is a minority equity stakeholder in the company. Ford expects more than a million of its new cars and trucks to be equipped for mobile communications by the end of 2002, three million by 2003 and nearly all of its cars and trucks by the end of 2004. Harel Kodesh, formerly of Microsoft, has been chosen as Wingcast's president and chief executive, the companies said. technologypost.com