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

To: early player who wrote (2390)	11/18/1999 6:41:00 PM
From: TobagoJack	Read Replies (1) \| Respond to of 6018

Can not spend too much time on line as I am I don't know where. There are schemes in China where information vendor pipe in news (Xinhua/Reuters news) and prices to subscribers via VSAT/VBI and internet. This license would not be an ISP license. Further, trading license is definitely not granted by Ministry of Information Industries, but by China Securities Commission. So, my guess from the article is that Harcourt got a license to distribute prices via internet/VSAT/VBI (TV blanking signal via cable TV or satellite) and intends to work with authorized local broker on the trading aspects, collecting a fee on each trade (revenue sharing scheme). I think the scheme is clever and if it works, every tom dick and harry will jump in and spoil the business through massive discount. Fraud will surface, finally attracting the authorities to intervene and legislate the fun and profit away. I know China business too well. But initial success and hype will definitely boost the valuation of early players to absurd levels. I will look at Harcourt tonight.