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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: S. HYDER who wrote (38339)	12/3/1998 9:34:00 AM
From: Richie	Read Replies (1) \| Respond to of 97611

Open at 37 with 100K block on the BID RichieH

To: S. HYDER who wrote (38339)	12/3/1998 9:35:00 AM
From: rupert1	Read Replies (1) \| Respond to of 97611

Here's one I made earlier (and posted on the wrong thread). From "helpinout". __________________ Some internet related tidbits from our friend "helpinout" ________ Millicent Small E-Payment System to be Tested in Japan December 3, 1998 (TOKYO) -- KDD Communications Inc., KDD Co., Ltd. and Compaq Computer KK will jointly test Compaq's MilliCent electronic payment system for small financial transactions. The tests are to start in February 1999. Japan's Ministry of International Trade and Industry (MITI) has been appealing for companies to start this type of experiment as part of its effort to promote the use of electronic commerce in Japan. Trials of the MilliCent system already are being conducted on a worldwide scale, including in Japan, but this will be the first test to be done with the system solely within Japan. The three companies involved are targeting the year 2000 as the time when they hope the system will be ready for full commercial operation. MilliCent technology was originally developed by Digital Equipment Corp. of the United States. Digital was acquired by Compaq. MilliCent's main feature is that it makes it possible for settlements of transactions involving petty amounts, between 0.1 cent and US$5, to be made over the Internet. That makes it ideal for applications where customers will be able to download and pay for small amounts of online data, such as individual images or pieces of music. In the spring of this year, MITI was given a budget of 42.5 billion yen (US$347 million) to spend on electronic commerce projects as part of the government's policy to revitalize the Japanese economy. Since April, it has been collecting applications from companies involved in electronic commerce that want to receive government support for their work. So far, about 150 projects have been selected to benefit from the MITI subsidy scheme, out of around 600 applications. The MilliCent field trial is one of these. From now until the start of the trial, the three companies will be looking for content providers that would like to take part