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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (50444)	7/1/1999 3:47:00 PM
From: MythMan	Read Replies (2) \| Respond to of 86076

triple digit gains every day this week. ho ho ho Is that a first? -shag-

To: wlheatmoon who wrote (50444)	7/1/1999 3:59:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

Mike, Softbank is only traded in Japan, From today's WSJ Softbank Agrees to Sell Its Stake In Internet-Service Firm Mediabank Dow Jones Newswires July 1, 1999 TOKYO -- NTT Data Corp. and NTT Mobile Communications Network Inc., or NTT DoCoMo, said Wednesday that they have agreed to buy Softbank Corp.'s 60% stake in Internet-service provider Mediabank. The share purchase will make NTT Data and NTT DoCoMo the sole owners of the company, with NTT Data increasing its stake to 60% from 40%, and NTT DoCoMo holding the remaining 40%. Mediabank will be renamed Dream Net as of July 21. Financial terms of the deal with Softbank weren't disclosed. NTT Data and NTT DoCoMo said they plan to infuse 150 million yen ($1.2 million) into Dream Net. Noritaka Uji, the head of NTT Data's next-generation information-services division -- and slated to be president of the new joint venture -- refused to say how much NTT Data and NTT DoCoMo paid for the Mediabank stake, but he did say the company is profitable. The two companies said that NTT Data's large-scale networks and technical know-how in electronic commerce and NTT DoCoMo's expertise in mobile communications will allow them to develop and provide new services, particularly in the area of mobile Internet access. Mr. Uji said the company plans to provide Internet access "anytime, anywhere, and with anyone," and aims for sales of between 16 billion yen and 20 billion yen and a customer base of about one million. He didn't give a time frame for the targets.