DoCoMo Acquires Stake in Developer of Linux Software

Dec 28, 2004


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NTT DoCoMo has announced that it has agreed with MontaVista Software Inc., a U.S. developer of Linux software for telecommunications equipment and mobile handsets, to invest $3 million in newly issued preferred stock for an equity stake in the company. DoCoMo has already introduced products equipped with MontaVista Linux. DoCoMo hopes the investment will allow it to efficiently improve and develop its Linux products. The Sunnyvale, California-based company headed by James Ready, was founded in February 1999.
(www.mvista.com; www.nttdocomo.com)