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


To: IFLY_Trader who wrote (7474)7/8/1999 12:34:00 PM
From: Mr. Tomatohead  Read Replies (2) | Respond to of 13953
 
Next time somebody bashes Etrade's periodic downtimes, somebody remind me to remind them of Suretrade being down for almost all of the last three days. Not to really diss them, as I really like Suretrade's service, speed and cost. And they have been on the ball with phone in service at the net price. But I haven't heard any multi-episode diatribes about the end of the online trading upcurve from talking heads at CNBC as they always seem to do when Etrade has some difficulties. I hold stock in several online brokers, as I see them all as at least short term winners, but I am a big believer in Etrade for the long term. Growth isn't without some pain. Imagine if Walmart had experienced five years growth in its second or third year. We would still be waiting in line at the checkout counter.



To: IFLY_Trader who wrote (7474)7/8/1999 4:38:00 PM
From: Spytrdr  Read Replies (1) | Respond to of 13953
 
Japan's Softbank to Invest $91 Million in Morningstar

An INTERACTIVE JOURNAL News Roundup
July 8, 1999

Softbank Corp. agreed to invest $91 million in Morningstar Inc. in return for a 20% stake in the closely held investment information and services company.

Softbank Is Shaking Up a Once-Sheltered Financial System (June 21)

Nasdaq to Launch Stock Market in Japan With Softbank as Partner (June 15)

Morningstar, of Chicago, and Softbank said the investment will be used to accelerate and expand the growth of Morningstar's Internet business. Softbank Chief Financial Officer Yoshitaka Kitao will become a director of Morningstar's board.

The companies in 1998 formed a joint venture, Morningstar Japan K.K.

Softbank, a Japanese computer distributor and publisher, has built one of the world's largest Internet portfolios, and is increasingly focusing on financial services and data. It is a major investor in online trading leader E*Trade Group Inc. and is trying to set up an electronic stock market in Japan, setting up a joint venture last month with the National Association of Securities Dealers.

Softbank holds interests in more than 100 Internet-related companies, including about 51% of Yahoo Japan Corp., 60% of GeoCities Japan Corp., 69% of technology-oriented publisher Ziff-Davis Inc., 26% of Yahoo! Inc., and 27% of E*Trade.