Teflon: Know you have been skeptical of Softbank as just a bank and not a "nurturer" , but maybe Microsoft is Softbank's nurturer or vice versa or some such. See following:
Talk : Coffee Shop : Softbank - Japanese Internet stock
To: badon518 (1658 )
From: Edwin S. Fujinaka Monday, Sep 13 1999 12:11AM ET
Reply # of 1661
Not really a response, but I just noted that Softbank seems to be up again in Tokyo mid day to around $420 depending on the exchange rate used. These figures always seem to be a little high when I take them from Nikkei Net. There was also a small comment on the ISP Venture:
Saturday, September 11, 1999
Softbank, Tepco, Microsoft Form Internet Access Unit
"TOKYO (Nikkei)--Softbank Corp. (9984), Tokyo Electric Power Co. (9501) and Microsoft Corp. announced Friday that they have established an Internet service provider to offer low-cost, high-speed access.
The new service will employ a combination of fiber optic, coaxial cable and wireless technologies, making use of Tepco's fiber optic network. Trial operation is set to begin in October, with full-scale service planned for next summer.
The new company is starting out with a capitalization of 2.32 billion yen, shared equally by the three partners, who plan to increase the figure to 6 billion yen."
Note: (My observation Teflon - not in the article itself) This follows rapidly on the heels of the Softbank/ Microsoft/Global Crossing venture to lay and operate cable under the ocean along the east and southeast asian coast and connect through Japan to North America and onward.
Sleep well
Cha2 |
