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To: Anthony Corbett who wrote (29283)3/26/1999 3:21:00 PM
From: Moonray  Read Replies (2) | Respond to of 45548
 
Only a Rumor: Nokia<NOKa.N>plans to buy more Internet cos-report
REUTERS - 21:38 03-25-99

NEW YORK, March 25 (Reuters) - Nokia Corp's chairman told
Business Week the Finnish telecom equipment maker plans to buy
some more Internet companies, the financial weekly reports in its
April 5 edition. The magazine's closely-watched Inside Wall Street
column quoted chairman Jorma Ollila as saying the company
would use a lot of the $9 billion raised in a new stock issue for
acquisitions. Ollila did not provide details but Business Week said
analysts were speculating that companies he is eyeing could
include Britain's Psion PLC <POL.N>, Qubit Technology and
3Com Corp's <COMS.O> PalmPilot. 3Com was not immediately
available for comment and Qubit could not immediately be
reached. The magazine said Nokia in the past year and a half had
snatched up four small companies that specialise in electronic
commerce, Internet routers and other Internet-related businesses.

o~~~ O