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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: Edwin S. Fujinaka who wrote (4680)	3/30/2000 3:08:00 AM
From: Edwin S. Fujinaka	Read Replies (1) of 6020

Some ideas on how to raise some new capital: Thursday March 30 2:15 AM ET Sony to Set Up U.S. Holding Firm TOKYO (Reuters) - Japan's Sony Corp said on Thursday it would set up a U.S. holding company housing its pictures and music units, as part of restructuring that aims to speed up development of its Internet business. The electronics giant said in a statement it would place Sony Music Entertainment Inc and Sony Pictures Entertainment Inc under the holding company which will be called Sony Broadband Entertainment. It also said was thinking of listing its Internet provider, Sony Communication Network, and said it planned to issue $57.3 million in convertible bonds to raise money for incentive plans for executives at its U.S. subsidiaries.. The announcements were unexpected with analysts forecasting only limited restructuring moves of some Japanese business units for Thursday's news conference.

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