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

To: Cooters who wrote (2291)	8/20/2000 9:08:39 PM
From: Kent Rattey	Respond to of 197244

Different angle on KDDI: "KDDI will aim to take au public to help it raise funds to launch an advanced mobile phone service, the newspaper said." Sunday August 20, 8:29 pm Eastern Time Japan's KDDI to spin off cell phone business-paper TOKYO, Aug 21 (Reuters) - KDDI, a company to be created in October by a merger of telecoms firms DDI Corp , KDD Corp and unlisted IDO Corp, will spin off its mobile phone operations by the autumn of 2001, the Nihon Keizai Shimbun said on Monday. No immediate comment was available from DDI or KDD. The Japanese financial daily said the group's mobile phone business will centre around seven of DDI's cellular phone companies which will merge operations, aiming to compete effectively against Japan's mobile phone giant NTT DoCoMo Inc . DoCoMo is Japan's dominant mobile phone player, thanks largely to its wildly popular Internet-capable ``i-mode'' service. The DDI cell phone firms will combine in November under the name ``au''. KDDI will aim to take au public to help it raise funds to launch an advanced mobile phone service, the newspaper said. On Friday, shares in DDI ended 5.8 percent higher at 744,000 yen and KDD shares ended 9.2 percent higher at 8,300. In early Monday trade, DDI was up 2.55 percent at 763,000 while KDD had dropped 1.2 percent to 8,200.