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Technology Stocks : Softbank Group Corp

SFTBY 76.93

-5.1%

3:59 PM EST

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To: Taikun who wrote (1288)	8/13/1999 4:09:00 AM
From: Edwin S. Fujinaka	Read Replies (2) of 6018

I think that the Softbank/Microsoft/Tepco Alliance to provide Internet Wireless Access and the Nasdaq Japan deal will be major positive developments over the next year. In the meantime, I expect that Softbank will have generally good success in coming out with new IPOs for some of their holdings. Short of a total Internet meltdown it is hard to see Softbank ending the year lower than it is right now. Softbank closed out the week at around $251 in Tokyo and I am not too sure that waiting to get in will work out for those on the sidelines. It will be interesting to see how successful Softbank's recruiting efforts will be: Friday, August 13, 1999 NASDAQ Japan Recruits Staff From Rival JSDA TOKYO (Nikkei)--The company working to establish the NASDAQ Japan stock market has recruited managerial level employees from rival Japan Securities Dealers Association (JSDA), which runs Japan's over-the-counter market. Softbank Corp. (9984) and the National Association of Securities Dealers of the U.S. formed the entity that is to launch the Japanese version of the U.S.' NASDAQ. It has also lured employees from a firm consigned by JSDA to run the actual operations of the OTC market. Softbank is reportedly head-hunting at several brokerage houses and the Tokyo Stock Exchange as well as the JSDA, contacting people versed in the stock registration screening process and OTC transactions. President Masayoshi Son of Softbank has said that by September he would ask representatives from major brokerage houses to organize a task force to help prepare for NASDAQ Japan's debut. (The Nikkei Financial Daily Friday edition) Copyright 1999 Nihon Keizai Shimbun, Inc., all rights reserved.

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