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Technology Stocks : Softbank Group Corp

SFTBY 72.78

-5.4%

3:59 PM EST

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To: Edwin S. Fujinaka who wrote (4286)	3/8/2000 6:33:00 AM
From: Seeker of Truth	Read Replies (1) of 6018

Japanese companies don't speak glibly to the press. In the case of the ones that I know, all communications to the outside world are carefully examined beforehand by high ranking managers. If a spokesman for TEPCO denied the rumour then we can be sure that is the official stance of TEPCO. On the other hand Yomiuri Shimbun is a fairly reliable newspaper. I suspect that NTT and its (to me)unknown allies are applying pressure to TEPCO to rescind its agreement with Microsoft and Softbank. If so the matter of this pressure and how to respond would be discussed internally and a leak may have happened, distorted into a definite decision. As you say, Edwin, we have to wait and see. As Jay remarks, TEPCO has a lot to lose. To most Japanese people, YAHOO is the Internet. I do feel that if the TEPCO deal collapses it would reduce the present value of Softbank shares. (By how much, I have no clear idea.)

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