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Technology Stocks : Softbank Group Corp

SFTBY 59.78

-6.2%

Nov 18 3:59 PM EST

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To: Nihon-jin who wrote ()	6/22/2000 6:06:00 AM
From: Anchan	Read Replies (1) of 6020

Competition for Softbank's wireless net access JV with Tokyo Electric: (From the Nikkei website:) Thursday, June 22, 2000 New Century Globalnet To Offer Wireless Internet Access KOBE (Nikkei)--New Century Globalnet Corp. plans in the spring of 2001 to begin providing high-speed wireless Internet access in Japan. The firm will target households and smaller companies that cannot afford major investments in information technology. A relatively inexpensive connection will be possible because there will be no need for expensive cable wiring. The service will employ a fixed wireless access system. Users will install wireless antennas and receivers and will access Internet service providers through the company's data center. The system will be able to handle data at speeds of 256Kbps to 45Mbps. Usage fees are expected to be less than those for connection services that require wiring. The service will be launched in Kobe, and will be rolled out nationwide in two to three years. (The Nikkei Industrial Daily Wednesday edition)

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