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Technology Stocks : Softbank Group Corp
SFTBY 13.81-3.3%Jan 30 9:30 AM EST

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To: mact who wrote (1941)9/28/1999 5:24:00 PM
From: Seeker of Truth  Read Replies (1) of 6021
 
It isn't clear that Etrade Securities Co.(Japan), a partially owned subsidiary of SOFTBANK, would be a good investment. I deal with Ameritrade, a typical discount broker. Their service is good and an order at the market costs just $8. From the consumer's point of view it's great.
But I think Ameritrade is still losing money. There's plenty
of competition. From the investor's point of view, probably
only Schwab is profitable, and they are only a semi-discount
broker. One can easily imagine that the subsidiary would be
useful to Softbank with all those EPOs to do in the next
few years, but it might not directly return much cash.
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