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Technology Stocks : Softbank Group Corp
SFTBY 13.20-3.6%3:58 PM EST
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To: TobagoJack who wrote (156)5/16/1999 1:06:00 PM
From: Edwin S. Fujinaka  Read Replies (1) of 6020
 
A little more insight into Son's strategy. Sony is mentioned and they look very interesting for the long term too. I recently sold some Sony even though I believe they are a great technology Company. They may have some short term earnings shortfalls, but they are an interesting long term prospect.

Issued: May 3 ,1999
HOLDING COMPANIES GAINING MOMENTUM

Daiwa Securities Group Inc. has become the nation's first listed holding company. Others, including Nippon Telegraph and Telephone Corp. and Toshiba Corp. are planning to follow suit.

Softbank Corp. became a holding company April 1 but continues to run its own business.

In contrast, Daiwa and NTT, which plans to become a holding company in July, will only hold subsidiaries' shares and formulate groupwide business strategies. Operations are to be carried out by affiliated companies.

Such corporate structures were made possible by a December 1997 revision to the Anti-Monopoly Law.

The holding company formed by NTT is to conduct research and development, with the telephone business left to its subsidiaries. Toshiba intends to form a holding company for its group members.

Sony Corp. plans to turn three of its listed companies, including Sony Music Entertainment (Japan) Inc., into wholly owned subsidiaries in January.

The company is expected to adopt a system similar to Softbank's. The parent is to run the cutting-edge electronics business, with the three listed subsidiaries and other units taking over all other operations.



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