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To: bobkansas who wrote (3390)	1/19/2000 11:44:00 PM
From: Jonas1	Respond to of 6018

Is Mothers' a joke? So far, only 2 cos have listed on Mothers? And the NASDAQ Japan announcement said that they were expecting 100 for the Japan NAZ. Does anyone know of any other cos that plan to list on Mothers? If not, then can we conclude that this "mother" is not very fertile? Jonas

To: bobkansas who wrote (3390)	1/20/2000 2:04:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6018

It seems to me that Son could populate Nasdaq Japan with only Softbank linked companies and be pretty successful. An index fund composed of only Softbank related IPOs would be pretty hot. I doubt that either of these scenarios is likely since it would seem too incestuous and damage the credibility of Nasdaq Japan or such an index fund. As the June opening for Nasdaq Japan approaches, I think there will be a simultaneous launch of initial listings that will include Cisco Japan and Softbank and Etrade Japan and Yahoo Japan. Perhaps we will have a flurry of major stock splits soon after listing, especially for stocks like Yahoo Japan (even after their already proposed 2 for 1 split). I suspect that Greenspan has not really seen "irrational exuberance" until he sees the action on Nasdaq Japan <G>. The prospect is a little scary and even intimidating. BTW, Softbank closed in Tokyo down the 5000 yen limit at 85,900 yen or $815 US. Nikkei Net put out this take on the notion of Cisco Japan being the first listing on the new Nasdaq Japan: Thursday, January 20, 2000 Nihon Cisco Systems 1st To Go Public On Nasdaq Japan TOKYO (Nikkei)--Nihon Cisco Systems KK, the Japanese arm of Cisco Systems Inc. of the U.S., will become the first company to be listed on Nasdaq Japan -- the joint venture between the National Association of Securities Dealers of the U.S., Softbank Corp. (9984) and the Osaka Securities Exchange -- slated to begin trading in late June. Because investors have been showing keen interest in Internet-related companies recently, Nasdaq Japan hopes that selection of such a company as the first to go public on its market will help it compete against the Mothers market, a new exchange for start-ups set up late last year by the Tokyo Stock Exchange. Established in 1992, Nihon Cisco Systems has been importing and marketing computer-network-related equipment. The firm is currently capitalized at 2.2 billion yen with Softbank also having an equity interest. The firm posted 100 billion yen in sales in the fiscal year ended July 31, 1999. The company has been rapidly expanding its operations in order to capitalize on growing demand for Internet-related equipment in Japan, and is now planning to set up a technology development center before the end of this year. Its parent, Cisco Systems, has grown quickly after its establishment in 1984 with routers as its mainstay product, and is now offering solutions for networks and providing Internet and electronic-commerce-related services. The U.S. company went public on the Nasdaq market in 1990, and its market capitalization now stands at about 383 billion dollars, the third largest in the world. Related Stories: Jasdaq Expects 50 New OTC Listings By June Ichiyoshi To Offer Info On OTC, Mothers Firms Online (The Nihon Keizai Shimbun Thursday morning edition)