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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (1757)	9/17/1999 3:10:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6020

Looks like Softbank closed at 40,000 Yen in Tokyo ($376 US). So much for bottom fishing. Some people never learn <G>. There seems to be momentum and power behind Softbank unlike anything I have ever seen before. They continue to create deals and transactions that look like sure fire winners. They can't win them all, but I would stack their track record against anyone. The Buy.com deal which results in Softbank owning 31% is going to make a hell of an IPO when they do it. The Best Denki deal is impressive in Japan. They are a big retail presence and are shooting for a ten billion yen level of Internet Sales within four years: Friday, September 17, 1999 Best Denki To Launch Internet Sales Firm With Softbank TOKYO (Nikkei)--Consumer electronics retailer Best Denki Co. (8175) and Softbank Corp. (9984) will establish a company to manage sales of a variety of goods over the Internet. The new unit will be established Oct. 19 with a capitalization of 300 million yen. Best Denki will take a stake of 200 million yen while Softbank will provide 100 million yen via an electronic commerce subsidiary. Best Denki President Yasumitsu Kitada will head the firm, which will start with about five employees. The unit will market a wide array of goods, from electronics, personal computers and software to ordinary household products. By working with Softbank, Best Denki will use its nationwide network of about 500 stores and its approximately 20 years of experience in catalog sales to help the new unit hit a target of 10 billion yen in revenue after four years. (The Nihon Keizai Shimbun Friday morning edition) Copyright 1999 Nihon Keizai Shimbun, Inc., all rights reserved.