Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: TechJustice who wrote (7252)	6/20/1999 11:17:00 PM
From: eDollar.com	Respond to of 13953

Waht do u mean by bloomberg looking at etrade. Can Bloomberg afford eTrade and telebank? I doubt.

To: TechJustice who wrote (7252)	6/21/1999 12:07:00 AM
From: Spytrdr	Respond to of 13953

"What will Nasdaq-Japan mean for investors? How will it differ from the existing Jasdaq market? Sarathy: Nasdaq-Japan will create a forum for all U.S. investors, including the new breed of online investors who've been so important in driving the market and driving the Internet sector. It'll be a platform for them to buy into Japanese technology stocks, creating global liquidity that you won't see in the local market. The second thing is that the market will have a much higher level of transparency and disclosure according to U.S. Nasdaq-type regulations. The next bull run in Japan will need to be driven by shareholder orientation. The existing market in Japan is cumbersome, with anachronistic listing requirements and outmoded structures. It doesn't allow for a lot of transparency; the new market will. What will it mean for Japanese investors, and what does Softbank get out of it? Sarathy: What Softbank is doing is creating a medium to stimulate the retail stock-buying culture in Japan. And it ties in very neatly with all the things we're seeing here -- 401(k) legislation, the fact that we expect to see a flood of retail money into mutual funds, stocks and bond funds. The goal is to stimulate that with the Internet platform for the new Nasdaq-Japan market. That will, of course, feed directly into Softbank's investments in E-Trade (EGRP: news, msgs), E-Loan, CyberCash (CYCH: news, msgs), ForexBank. I think Softbank's deal with Nasdaq creates the glue to cement the Internet zaibatsu model (that Softbank head) Masayoshi Son is trying to establish in the Japanese market. It makes inherent sense. Could you explain what you mean by Internet zaibatsu? Sarathy: Japan's zaibatsu were the prewar conglomerates, as you know, that were really responsible for driving the industrialization of the economy. Broadly, in phases, you first had groups develop transportation and infrastructure for industry. Next came the financial foundations, the banking sector. These two set the stage for the third phase, commercial reach across all business sectors. Well, Masayoshi Son's vision for the Internet zaibatsu is, first, to aggregate, maximize and channel traffic on the Web -- hence key portal investments, like in Yahoo (YHOO: news, msgs). Then comes building the online financial infrastructure -- the e-trading, e-lending, e-insuring that lays the foundation for the final stage of wide-open e-commerce. And he's picking the No. 1 investments in each area."