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

To: astyanax who wrote (3446)	1/21/2000 7:46:00 PM
From: Netwit	Read Replies (2) \| Respond to of 6020

I'm not so sure that foreign companies listed as ADRs (this is what we are talking about?) on the US exchanges are subject to the SEC regulations to the same extent that companies that go public in the US are. Also, this just in from Briefing.com: 04:59 ET Softbank Corp. : This Japanese internet giant has agreed to buy a majority stake in a Hong Kong listed garment maker, Cheung Wah Development Co Ltd, and turn the firm into an internet investment vehicle to be re-named Softbank Investment International Ltd. The deal will give Softabank a publicly listed company on Asia's 2nd largest stock market and provide a launchpad for investments into China the WSJI reports

To: astyanax who wrote (3446)	1/23/2000 4:14:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6020

George,...The interesting thing about the regulatory laws pertaining to CMGI, ICGE, DVIN and perhaps Softbank is the participation of the City of Chicago and Mayor Daley in the setting up of DIVN in Chicago. Since DIVN is very concerned about the application of the "Investment Company Act of 1940" to these types of companies it seems likely that the involvement of Mayor Daley could lend considerable political clout towards any attempt to change or modify the law. This can probably happen behind the scenes with very little publicity in typical political insider fashion. Mayor Daley is probably well connected to the National Democratic Establishment, just like his father was. Perhaps Son is waiting for a resolution of these legal and tax issues before proceeding with an attempt to initiate a trading vehicle for Softbank stock here in the US. If Mayor Daley comes down on one side of this issue, a Democratic Administration is sure to listen. I don't know if there would be any signifigant opposition to a change in the law that would favor these "holding companies", but I think I read somewhere that as much as 60% of Softbank's unrealized capital gains might be at risk otherwise. BTW, how are you enjoying Chicago? When you have time, as Spring approaches, you have to get down to the Lakefront off Monroe Street Harbor.