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

To: ecommerceman who wrote (9634)	12/3/1999 9:44:00 AM
From: Curtis E. Bemis	Read Replies (1) \| Respond to of 13953

How many ECN's are we into ?? Island via Softbank ?? Off Bloomberg this morning-- Softbank Talks About Island ECN Stake Break Down, NYT Says Tokyo, Dec. 3 (Bloomberg) -- Softbank Corp. has been in talks to acquire a significant stake in the electronic stock- trading network Island ECN Inc., though the negotiations have now broken down, the New York Times reported, citing people who have been briefed in the talks. Softbank has made a multimillion dollar offer to purchase the stake from Datek Online Holdings Corp., which owns about 85 percent of Island. Officials at Datek and Softbank declined to comment, and executives briefed on the agreement said Softbank, which owns large stakes in E*Trade Group Inc. and Yahoo! Inc., was expecting to bring those companies in on the purchase, the paper said. Softbank booked a 14.9 billion yen ($145 million) profit on the sale of stock in its e-commerce subsidiary Softbank Technology Corp., reducing to 76.76 percent from 80.12 percent its stake in a holding seen by some analysts as overvalued. (NYT 12/3 C1)