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Technology Stocks : Softbank Group Corp

SFTBY 70.44

-3.2%

3:58 PM EST

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To: Edwin S. Fujinaka who wrote (1971)	9/30/1999 5:15:00 PM
From: Jonas1	Read Replies (1) of 6018

Softbank Capital and B2B: A number of posters were expressing advice to Softbank for focus more on B2B. Softbank Capital, at least, is apparently already doing so. From a story in Bloomberg today: quote.bloomberg.com "...said Bill Burnham, general partner of venture capital firm Softbank Capital Partners..." "Burnham also said he expects to invest $1.25 billion of his current venture capital fund by year's end. He expects to raise as much as $2 billion to start a new fund by the end of March. Softbank Capital aims to invest 20 percent to 30 percent in Internet companies which are global in reach and No. 1 in their markets. The three areas that interest the firm are e-commerce Internet companies, especially business-to-business outfits, as well as digital media, particularly music over the Internet and also just basic Internet content businesses like a GeoCities, which was bought by Yahoo! Inc. earlier this year." Jonas

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