ComputerLand to invest at least $15 mln in takeovers and new companies

By the end of 2000, Polish computer company ComputerLand plans to spend at least $15 million on takeovers and the creation of new companies. The new companies are then expected to invest over $40 million in e-business. Yesterday, ComputerLand management introduced the company's new electronic banking system provided through cellular phones -- called "mobile banking" -- which is ready for implementation. Thanks to the new service, clients will be able to check account balances and transfer money through cellular phones. The company will charge a commission for each transaction. According to ComputerLand's estimations, 1 million clients will have access to the new system by the end of 2002. (Prawo i Gospodarka, page 4) A.D.