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Technology Stocks : Softbank Group Corp
SFTBY 55.26+5.2%Dec 19 3:59 PM EST
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To: astyanax who wrote (3446)1/23/2000 4:14:00 AM
From: Edwin S. Fujinaka  Read Replies (1) of 6020
 
George,...The interesting thing about the regulatory laws pertaining to CMGI, ICGE, DVIN and perhaps Softbank is the participation of the City of Chicago and Mayor Daley in the setting up of DIVN in Chicago. Since DIVN is very concerned about the application of the "Investment Company Act of 1940" to these types of companies it seems likely that the involvement of Mayor Daley could lend considerable political clout towards any attempt to change or modify the law. This can probably happen behind the scenes with very little publicity in typical political insider fashion. Mayor Daley is probably well connected to the National Democratic Establishment, just like his father was.

Perhaps Son is waiting for a resolution of these legal and tax issues before proceeding with an attempt to initiate a trading vehicle for Softbank stock here in the US. If Mayor Daley comes down on one side of this issue, a Democratic Administration is sure to listen. I don't know if there would be any signifigant opposition to a change in the law that would favor these "holding companies", but I think I read somewhere that as much as 60% of Softbank's unrealized capital gains might be at risk otherwise.

BTW, how are you enjoying Chicago? When you have time, as Spring approaches, you have to get down to the Lakefront off Monroe Street Harbor.
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