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

To: Edwin S. Fujinaka who wrote (2898)	12/29/1999 3:06:00 PM
From: Edwin S. Fujinaka	Respond to of 6018

Here are a couple of Bloomberg stories on Softbank's banking efforts: Lehman to Join Softbank Bid for Nippon Credit, Paper Says Tokyo, Dec. 29 (Bloomberg) -- Lehman Brothers Inc., the fourth-largest U.S. investment bank, may join a bid by Softbank Corp., a Japanese Internet investment company, to buy Nippon Credit Bank Ltd., the Sankei newspaper reported, without citing sources. The Softbank group, which includes leasing company Orix Corp. and Tokio Marine and Fire Insurance Co., the top non-life insurer, may also ask several regional banks to join its bid, the paper said. The government will assess potential buyers for the nationalized Nippon Credit in January, the report said. Lehman formed a merger and acquisition alliance with Bank of Tokyo-Mitsubishi Ltd. earlier this month. (Sankei newspaper, front page, 12/28. For the Sankei newspaper's Internet web site, type SNKE .) NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min. Ito-Yokado Denies Asking Banks to Invest in Own Bank (Update3) Ito-Yokado Denies Asking Banks to Invest in Own Bank (Update3) (Updating with closing stock price.) Tokyo, Dec. 29 (Bloomberg) -- Ito-Yokado Co., Japan's biggest supermarket operator, denied a local newspaper report it had asked the country's major banks to invest in its planned banking unit. Ito-Yokado, which controls Seven-Eleven stores in Japan and the U.S., recently submitted a plan to the Financial Supervisory Agency to offer clearing and settlement services at its stores throughout Japan. If accepted, the retailer will be the first non- financial company to enter the banking business. The retailer will ask 30 Japanese banks including Bank of Tokyo-Mitsubishi Ltd., Sanwa Bank Ltd. and Sakura Bank Ltd. to take a combined 35 percent stake in its bank unit in the hope of making it easier for the company to obtain a banking license, the Nihon Keizai newspaper said, without citing sources. Ito-Yokado has no plans to ask other banks for capital, spokesman Yoshinobu Naito said, adding the company is in talks with financial regulators on obtaining a banking license. The Financial Reconstruction Commission will draw up guidelines for granting banking licenses to non-financial companies by the end of next month, FRC chairman Michio Ochi said yesterday. Home electronics giant Sony Corp. is also seeking a banking license. In a parallel effort to setting up a new bank on its own, Ito- Yokado is also working with Softbank Corp., Japan's largest investor in Internet-related companies, and others to acquire the trust banking division of Nippon Credit Bank Ltd., Ito-Yokado spokesman Naito said. NCB was declared insolvent and placed under government control last year. The government reached a final agreement to sell the Long- Term Credit Bank of Japan, another failed bank temporarily placed under state control, to a group of foreign investors led by a U.S. buyout firm last week. FRC's Ochi said he hoped to find a buyer for NCB by spring. Ito-Yokado shares closed down 40 yen at 11,000. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.

To: Edwin S. Fujinaka who wrote (2898)	12/29/1999 7:48:00 PM
From: TobagoJack	Respond to of 6018

Now you are getting in to the spirit of things. Puts on 9984, akin to a dream in which all the James Bond ladies appear in. I suspect the reason there are no puts warrants, and only call warrants is that no market maker wants to stand on the other side. Our Son designed 9984 investment machine is powering onward like a dependable Swiss watch powered by uranium, tick by thermonuclear tick.

To: Edwin S. Fujinaka who wrote (2898)	12/29/1999 8:17:00 PM
From: TobagoJack	Read Replies (1) \| Respond to of 6018

Edwin, you are right about the conservative nature of puts, especially in relation to beaten down shares. I too experienced missing out on the upside as the share zooms past by margin greater than the original premium collected. However, since I watch upto 50 stocks at any one time, there is always another put to be sold. Sort of like planting and harvesting, or collecting a monthly paycheck, always looking forward to the monthly expiration day with relish. On things like Yahoo, I had sold puts as well as bought the shares. On things like E-trade (somebody on this thread may have joined me on EGRP July 30 Put), I will wait a few days on going long the stock itself (after the dreaded Y2K and possible lawsuits). Leaving a few dollars on the table does not usually trouble me as there are other tables and other dollars. Also, on things like SAP, NEM, one can do put sells repeatedly and not get put more than 1 time out of 6. This is why I like the extreme volatility during crisis, as it is very sporting, much like vigorous sailing, testing knowledge, judgement, execution skill, reaction time, daring, and the feedback is sometimes immediate - capsize or alive in a calm sunny cove. 2000 promises to be vigorous, the boat is fueled and ready at the starting line, provisions stocked, and electronics checked. Oh, 9984 just shutdown on up-limit. My favorite daytime channels are Softbank, Sony, and Founder, night time channel is MSFT/VSIO (though not nearly as exciting).