NTT DoCoMo (DCM) was very busy last week gauging by the number of its press releases. Let's take a look at what was announced and see if any of this leads to buy interest in the slumping shares of Japan's leading 3G wireless carrier.
NTT DoCoMo Inc, Renesas Technology Corp., a chip manufacturer, Fujitsu Ltd., Mitsubishi Electric Corp. and Sharp Co. announced their forming an alliance that will jointly develop a platform for next-generation cellular phones that can be used overseas. The group aims to deploy the platform in handsets to be released in October 2007 and afterward. By sharing cell phone components such as communications chips and operating systems, they hope to stall development costs, with the five firms expected to shell out a total of about 15 billion yen (US$127 million). Under the partnership, Renesas will be tasked with the development of the system chip for the platform while DoCoMo will provide telecommunications control technologies. The three other firms, all of which are handset manufacturers, will cooperate in other areas, including product evaluation. The group is looking to their new platform being adopted by domestic and foreign cell phone manufacturers. [Feb. 13]
DCM 1-yr chart:
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