Crazy Fools Chasing Stocks w/5-letter Symbols Ending in F Message Board

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Pastimes : Crazy Fools Chasing Stocks w/5-letter Symbols Ending in F

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To: ms.smartest.person who started this subject	11/8/2000 7:24:43 PM
From: ms.smartest.person	of 307

[RKUNF] RAKUTEN INC FOREIGN Japan Rakuten Inc. Rakuten, Inc. was established in 1997 and became publicly held in April 2000. The company operatesan internet shopping mall web site. System use fees accounted for 83% of fiscal 1999 revenues; advertising, 13% and other, 4%. Crimson Group and Hiroshi Mikitani, the company's president, are the major shareholders with 23.72% and 21.99% respectively. ******** October 23, 2000 Dow Jones Newswires Japan's Rakuten To Beef Up US Ops, Eyes B-To-B Market Ops Dow Jones Newswires TOKYO -- Rakuten Inc. (J.RKN or 4755), an operator of an online shopping mall and auction site, will set up a unit in San Francisco capitalized at $5.0 million to expand business operations in the U.S., Rakuten said Monday. Rakuten USA Inc. will carry out research of U.S. companies for possible business developments and investments, the Japanese companies said. Separately, Rakuten said it will fully subsidize ProTrade Inc., a business-to-business e-commerce market operator, by buying all of the 600 issued shares in ProTrade from third party firms for a total of Y230 million. Rakuten aims to enter business-to-business market operations, it said. -------------------------------------------------------------------------------- URL for this Article: interactive.wsj.com --------------------------------------------------------------------------------

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