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

To: TobagoJack who wrote (2080)	10/18/1999 1:22:00 AM
From: mact	Respond to of 6018

welcome back jay...9984 making news again...looking to dominate the finance sector in asia. Softbank, Nasdaq Seek Stake in Kosdaq October 15, 1999 Business News Archives The head of Korea Securities Dealers Automated Quotation (Kosdaq) Stock Market Inc. said on Friday Japan's Softbank Corp. and the U.S. National Association of Securities Dealers Automated Quotron (Nasdaq) were seeking a 49 percent stake in the Korean firm. "I first heard of their intention when I met president (Masayoshi) Son (of Softbank) earlier this month in Japan," Kosdaq president Kang Jun-ho told Reuters in a telephone interview. "After I returned I related their intentions to the (presidential) Blue House, the Finance Ministry and other relevant government organizations," Kang said. The major shareholders of Kosdaq, which is in charge of operating South Korea's over-the-counter trading, are brokerage houses, the Korea Securities Dealers Association, the Small and Medium Industry Promotion Corp., the Korea Securities Depository and a few other related organisations. Its paid-in capital stands at 21.03 billion won ($17.45 million) "As far I am know, Son and Nasdaq share the same views and are seeking an equity stake in Kosdaq," Kang said. But Kang said it may take some time before Nasdaq entered the Korean market. "Nasdaq is pursuing the establishment of Nasdaq Japan and Nasdaq Europe. It could take some time before Nasdaq actively enters the Korean market," Kang said. He said Softbank and Nasdaq could take an equity stake through a privately placed new rights issue or an acquisition of a stake from Kosdaq's existing shareholders. "There are many ways in which (they can) acquire the stake partnership," Kang said. "But it is too early to talk about it in such specific detail." "If Softbank and Nasdaq enter the Korean market, they will bring with them management techniques and know-how of advanced securities markets. They will also elevate Korea's image in the global community," Kang said. "At the same time, the (South Korean) government has to examine the idea from various angles," Kang said, adding that he had not yet heard from the government on the issue. Softbank is Japan's leading Internet-related company. Its president Son is of Korean origin.

To: TobagoJack who wrote (2080)	10/19/1999 12:49:00 AM
From: Netwit	Read Replies (1) \| Respond to of 6018

Welcome back Jay. I don't know what you mean when you say "one of us ought to fee iexchange.com on softbank"? Glad you came back to boats still afloat. What a market?!!

To: TobagoJack who wrote (2080)	10/19/1999 3:09:00 AM
From: Taikun	Read Replies (1) \| Respond to of 6018

Hi Jay and welcome back. The gals here give their baci baci. AAPL, CSCO, YHOO have all held up well, along with the unprofitable big boy inets AMZN et al during this Boomtown Rats I don't like Y2k selloff. The big boys will continue to do well, but more and more the copycats will rule the returns. qxl.com, an ebay copycat, is backed by a 1.8 bn euro fund (Apax) that is betting they can beat ebay in euroland. Apax's GPs say they'll make a bundle off qxl.com. We are now starting to see VCs fund the SAME tech and business models in different countries. Just wait until a downturn and Dow or Monsanto wants to buy all the chem exchanges globally. Let the consolidations begin.