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Technology Stocks : Softbank Group Corp
SFTBY 13.57-1.7%3:58 PM EST
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To: TobagoJack who wrote (4208)3/3/2000 8:21:00 PM
From: Edwin S. Fujinaka  Read Replies (1) of 6021
 
Sm@rtReseller Online, the Ziff Davis weekly Magazine for February 28, 2000 (which I just got via snail mail and I don't know how to view online) just did an article on Internet keiretsus. Surprisingly, of their "Seven Sumos" Softbank showed up only as number 6 just ahead of Vulcan Ventures and behind (in order) AOL, AT&T, CMGI, DVIN, and MSFT. The article condescendingly says, "...Softbank is playing the money game almost as well as CMGI." DVIN is not even public yet (IPO set for the week of March 27th). BTW, there is a pre IPO Board right here at SI on DVIN.

What is somewhat surprising is that this is a ZD publication. I suggest that the keiretsu concept needs a little tuning up. I noticed this lack of cooperation between menbers of the Softbank keiretsu when "Computer Shopper" did not list Buy.com as the low priced vendor for a HP CD Writer that I just bought. I think that Son is not micromanaging the members of the Softbank keiretsu so I think there is credibility to his comment that the Softbank related IPOs are free to list their stock wherever they want. Of course, the fact that only three companies initially listed on the Mothers Exchange suggests that Nasdaq Japan is going to be a blockbuster success in June.
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