So I guess we have one more day of relative tranqulity where we can "only" have a 5000 yen move. That day will be our Sunday evening here in the US, but it will be Monday in Japan which happens to be January 31st in Japan. The next trading day will be Tuesday in Japan, but only Monday evening here in the US. Theoretically, we could go to 150,000 yen on Monday night here in the US (but the trading will be in Japan.). This means that we could still hit Michelda's target for January of 150,000 yen with the trading going on in Tokyo, but the date being measured in the United States. <G>. Kidding aside, there does seem to be a lot of life left in Softbank stock. Stay tuned, I sure am.
One small item from Nikkei Net:
Thursday, January 27, 2000
CAC, Softbank Units To Set Up E-Commerce Firm In February
TOKYO (Nikkei)--CAC Corp. will set up a company in February jointly with two subsidiaries of Softbank Corp. (9984) to develop and manage corporate e-commerce systems, company officials said Wednesday.
The systems development firm also manages large corporate systems and will use its technology in business-to-business e-commerce, targeting initial-year sales of 200 million yen, and 1 billion yen in the second year.
B to B Technology Corp. will be capitalized at 100 million yen, with CAC owning a 55% interest, Softbank Technology Corp. (4726) owning 40%, and Softbank Commerce Corp. holding 5%.
CAC President Haruo Mitsuyama will also head the new firm, which plans to increase the number of staff from the initial 10 to 100 in three years.
(The Nihon Keizai Shimbun Thursday morning edition)
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