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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (22514)	5/12/1999 8:59:00 PM
From: Maverick	Respond to of 74651

Deutsch Telekom-no comment on Microsoft investment report BONN, May 12 (Reuters) - Deutsche Telekom AG on Wednesday declined to comment on a German newspaper report that Microsoft Corp planned to buy a stake in the company. "We don't participate in such speculation," a spokesman told Reuters. The weekly Die Zeit reported Microsoft chief Bill Gates had set aside $1 billion to invest in the German phone company, which plans to merge with Telecom Italia SpA . If Gates does not invest the money in Deutsche Telekom directly, he may invest in the cable television network Deutsche Telekom plans to sell, the newspaper said. That would help Gates in his effort to establish the Windows CE operating system as a standard for set-top boxes, and would help the software giant improve its position in the Internet, the paper said. Microsoft recently invested $5 billion in AT&T Corp, which has been buying up cable TV networks in the United States. AT&T plans to eventually offer high-speed Internet access via the cable systems. Deutsche Telekom plans to sell up to 286 million new shares in June. ((Frankfurt Newsroom +49 69 756525, frankfurt.newsroom@reuters.com))