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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: stock_bull69 who wrote (738)	6/18/1999 11:31:00 AM
From: X Y Zebra	Respond to of 1390

Friday June 18, 1:53 am Eastern Time INTERVIEW-Tokio Marine's online broker seeks trust By Fiona Graham TOKYO, June 18 (Reuters) - Competition is already intense in Japan's nascent online broking industry, but newcomer Tokio Marine and Fire Insurance Co says building trust with investors will give it an edge over more established rivals. ''Rather than telling people to buy a stock because it is rising, we want to give the customer the information he needs to make a good decision and then let him have the freedom of deciding for himself,'' said Takehisa Kikuchi, senior managing director of Tokio Marine, in a recent interview with Reuters. Tokio Marine, the country's biggest non-life insurer, earlier this month teamed up with leading U.S. Internet brokerage Charles Schwab (NYSE:SCH - news). <snip> The potential for growth in Internet trading is enormous in Japan, where there are only 50,000 online trading accounts compared with seven million in the United States, according to a report by the Daiwa Institute of Research. The business is expected to benefit from a broader Japanese awakening to online consumption, with Internet marketing specialist Modem Media Poppe Tyson of the United States projecting Japanese online commerce will reach $45 billion by 2003, or annual growth of 87 percent. More...... biz.yahoo.com