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

To: Edwin S. Fujinaka who wrote (3455)	1/23/2000 4:49:00 PM
From: astyanax	Read Replies (1) \| Respond to of 6020

Re: 318 mutualfunds own SFTBF; DVIN, Chicago, WEBM I finally figured out how to find all funds with a stake in Softbank, without wasting anymore time employing a brute force search. 318 mutual funds own Softbank, according to Morningstar's Principia Software fund database. The top 4 funds are from Warburg Pinucs, 2 of which own 7.03% of assets in SFTBF. Is it any wonder that Warburg Pincus funds topped the charts last year!? I will not list the other 300 funds, but other funds with the largest stake in Softbank as a % of net assets that are in the top 10 funds are: Thornburg Global Value A TGVAX Bear Stearns International Equity A BIEAX Acorn Foreign Forty ACFFX First American International B FNABX All funds except for Warburg Pincus and Acorn Foreign Forty have been SELLING shares lately. Edwin, thanks for your note, I'll check out Monroe Street Harbor when I get some free time (I'm here typing away on my PC at work now on a Sunday...). I'm surprised to see you know so much about Chicago, I wonder if you live here? You're so much on the nose about Mayor Daley - he's THE politician's politician. He's powerful and knows all the intricacies behind what greases the wheels of government. He's started to make a move in promoting Internet business - contracting with DVIN to start the "Big Shoulders Tech Fund" - a govt/private industry cooperative Net/tech VC fund. Unfortunately, Illinois Governor Ryan, knows less about the Internet than the Unabomber or a Mr. Magoo. Chicago's cool. It's cold, actually, but I'm fine, I didn't catch the flu (so far), ha. The city is soooo much older than Atlanta, it's striking. Unfortunately, I think Chicago is not a very conducive environment to net companies, unlike Atlanta. Though DVIN may help turn Chicago around from being a laughingstock when it comes to internet businesses... PS One of you just asked me about Webmethods, well, there's a board here at SI that I hang out on: Subject 31862 and one at Raging Bull: ragingbull.com - Netconductor.com >>Edwin Fujinaka wrote: 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.