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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: levy who wrote (9164)	7/2/1999 11:47:00 AM
From: EyeDrMike	Read Replies (1) \| Respond to of 28311

Found this interesting because other internet boards were mentioning rumors of a Paul Allen/Datek interest in ASTN yesterday. CEO of ASTN a founder of Instinet, as is the CEO of Optimark. Sotbank rumored to be investing 100 Mil in EGRP, as reported in the WSJ. They already have an interest in Etrade. Friday July 2, 4:06 am Eastern Time Softbank to make investment in OptiMark - WSJ NEW YORK, July 2 (Reuters) - Japan's Softbank Corp . is planning a major investment in the OptiMark trading system, the Wall Street Journal reported on Friday. Citing people familiar with the matter, the paper said Softbank is expected to invest between $75 million and $100 million in the Jersey City, N.J.-based OptiMark Technologies Inc., a closely held company known for its ''black box'' system for matching large institutional stock trades. On Thursday, Softbank, one of the world's biggest Internet investors, formed separate ventures with News Corp's new high-tech investment firm, epartners, and Vivendi, a French conglomerate that has become a major player in European media. How and when the money would be invested couldn't be determined, according to the paper. But barring unexpected obstacles, it would be among Softbank's largest technology investments to date. In response to the article, a Softbank spokesman in Tokyo told Reuters: ''We cannot confirm or deny the story, but it appears to be merely speculative.'' William Lupien, chairman of Jersey City, N.J.-based OptiMark, said, ''We are in the process of raising $100 million and we will be announcing something shortly, but we can't say anything beyond that. Nothing is a done deal until it's done,'' the Journal reported.