SONY CHIEF EXECUTIVE IDEI SPEAKS AT A NEWS CONFERENCE IN TOKYO.
Sony Corp Chief Executive Nobuyuki Idei speaks at a news conference in
Tokyo October 27, 2003 announcing the January 2004 establishment of a
joint venture company with NTT DoCoMo to develop smart-card chips,
allowing consumers to use their cellphones as an electronic wallet and
commuter pass. Phones with built-in smard card chips would allow users
to pay for purchases at convenience stores or let holders pass a
card-reading railway ticket gate by holding out their handset.