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To: Wyätt Gwyön who wrote (53357)12/9/1999 10:52:00 PM
From: Ruffian  Read Replies (1) | Respond to of 152472
 
Japanese Phone Companies KDD, IDO and DDI
Confirm They're in Merger Talks
By Peter Poole-Wilson with reporting from Junko Fujita, Minoru Matsutani

DDI, KDD Confirm Talks With IDO Though Agreement Not Close

Tokyo, Dec. 10 (Bloomberg) -- KDD Corp., Japan's biggest
overseas telephone service company, and DDI Corp., a long-
distance carrier, say they are in talks that could result in a
merger with Toyota Motor Corp. cellular phone affiliate IDO
Corp., though a decision isn't imminent.

The talks, which are focusing on plans to develop together a
new generation of mobile phones, are continuing, KDD and DDI said
in statements.

This is the first time the companies have confirmed they are
in three-way negotiations.

A merger of the three companies would reorganize Japan's
telecommunications industry into three groups and create the
nation's second-largest comprehensive phone services company
behind Nippon Telegraph and Telephone Corp.

DDI Corp. founder and Chairman Emeritus Kazuo Inamori in
October said prolonging the talks could jeopardize the plan.
Media reports, denied by the company, said Inamori set December
as a deadline.

Japan Telecom Co., currently the nation's fourth-largest
telecommunications carrier, would be the third of three Japanese
phone services groups formed if KDD, IDO and DDI were to merge.



To: Wyätt Gwyön who wrote (53357)12/9/1999 11:14:00 PM
From: Kayaker  Read Replies (3) | Respond to of 152472
 
See point #3...........

From: Bridge Player Sunday, October 31, 1999 10:19 PM ET

<< The only options play that is not allowed is writing puts, since that is a marginable action. Margin cannot be employed in an IRA. >>

Frank, judging from many posts here in last day or so, there is an incredible amount of misinformation afoot re: options in retirement accounts.

1. The extent to which use of options is allowed in retirement accounts, in particular IRA accounts, is a function of the policy of the individual brokerage firm. This is further complicated by the fact that many representatives of these firms do not know what their firms policies actually are. They may therefore give an incorrect answer to questions asked of them as to what is allowed or not allowed.

2. Thus, for example, Charles Schwab allows only the use of covered calls in IRA accounts. They will not allow the pure purchase of puts, calls, or leaps. This policy is not the same with all firms. As you indicate, apparently Fidelity will allow the purchase of long options in IRAs, a policy with which you indicated you have personal experience.

3. According to their frequent ads in IBD (e.g. 11/1/99 page B25), the Benjamin & Jerold Discount Brokerage (1-800-446-5112) not only allows the purchase of long puts and calls, and option spreads, but also allows the sale of 100% cash covered short equity puts. As long as cash remains in the account, of course, this procedure would not entail the use of margin should the put be excercised. I emphasize that I have no personal experience with this firm and am only quoting from their ad. The ad states that $15,000 minimum equity is required.

BP

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