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Non-Tech : E*Trade (NYSE:ET)

ET 16.92

-0.3%

Nov 19 3:59 PM EST

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To: Phil Tran who wrote ()	4/2/2000 4:53:00 AM
From: Spytrdr	of 13953

"Sony's age of e-capitalism TOKYO -- Sony is out to prove it can do it all -- the sexy, wired, financial stuff that's making the information-age convergence so turbulent and dynamic. This week, the consumer-electronics giant (SNE: news, msgs) accelerated plans to reinvent its empire, setting plans for a new broadband-entertainment holding company, finding blue-chip financial partners for its online banking initiative and possibly spinning off its Internet-access service to shareholders. Sony signed up Japan's Sakura Bank Ltd. and U.S.-based J.P. Morgan & Co. as shareholders in the online bank it hopes to launch next year. Next up could be a PlayStation2 that lets folks blow away video-game ninjas in one stroke, and trade stocks online in another. The game plan is to wrap a range of information, financial-services, and entertainment functions into its next-generation machine. Before long, Sony could be the diversified behemoth that regulators in the United States sometimes fear Microsoft will become." cbs.marketwatch.com

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