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 : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (15744)	6/1/1998 7:36:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 22053

**OT* FOCUS-Suharto son won't sell Lamborghini-spokesman Reuters Story - June 01, 1998 02:09 %ID %DE %IT %EMRG %AUT %MRG %POL VOWG.F MYMS.KL V%REUTER P%RTR (Adds denial of newspaper report, background) By Andrew Marshall JAKARTA, June 1 (Reuters) - The youngest son of Indonesia's former President Suharto has no immediate plans to sell his majority holding in Lamborghini, his spokesman said on Monday, after a newspaper report said Volkswagen was buying the stake. Mochamad Ircham told Reuters a report in the Bisnis Indonesia newspaper that Hutomo "Tommy" Mandala Putra would sell his 60 percent stake in the Italian luxury sports car maker to VW was false. "He has no plans to sell his stake in Lamborghini," said Ircham, spokesman for Mandala Putra's PT Timor Putra Nasional car company. He added that Mandala Putra was, however, on the lookout for investors to inject extra funds into Timor. Ircham said he had been misquoted by Bisnis Indonesia, which quoted him as saying the Lamborghini stake was being sold to provide extra cash for Timor. The remaining 40 percent stake in Bologna-based Lamborghini, one of the world's most prestigious sports car names, is held by Malaysia's Mycom Bhd . Car industry analysts have speculated VW could be interested in Lamborghini after the German firm's chairman Ferdinand Piech said he was looking at possible luxury acquisitions on top of his bid for Britain's venerable Rolls-Royce Motor Cars. Since Suharto's resignation on May 21, his family have faced calls to return some of their wealth and their business interests have come under close scrutiny. Shares in Suharto-linked companies have been hit by heavy selling pressure, with investors fearing favourable treatment the companies may have received in the past is over and they now face a much harsher business environment. Mandala Putra's Timor car project, launched in 1996 to produce an Indonesian national car, came under fire even before Suharto's resignation because of its exemption from import duty and tax, which made it about 60 percent cheaper than other cars in its class in Indonesia. Timor car showrooms were targeted during the riots which ravaged Jakarta this month, along with other properties and businesses linked to the Suharto family. Lamborghini last month denied reports that it was about to be sold to VW's Audi subsidiary, although Audi has said it has been discussing co-operation with the Italian firm. Unions at Lamborghini say the company needs a rapid capital infusion or could collapse. They have urged Lamborghini's owners to come up with 80 billion lire ($45.5 million) in funding to stop the business going bust.

To: David Lawrence who wrote (15744)	6/1/1998 10:10:00 AM
From: Moonray	Respond to of 22053

Andrew Seybold Hails Bluetooth Technology as Universal Solution to Mobile Computing Connectivity Problem 08:13 a.m. Jun 01, 1998 Eastern BOULDER CREEK, Calif.--(BUSINESS WIRE)--June 1, 1998--Problems of connectivity and compatibility have long impeded the growth and development of the mobile computing industry, but the new radio technology code-named Bluetooth now under development as a collaborative effort of Ericsson, Nokia, Intel, IBM, Toshiba, Motorola and Palm (3Com), may well be the key that unlocks widespread interest on the part of product developers and users, writes Editor-in-Chief Andrew M. Seybold in an extensive analytical article in the current issue of Andrew Seybold's Outlook. guide-p.infoseek.com o~~~ O