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

To: Edwin S. Fujinaka who wrote (3477)	1/24/2000 2:58:00 AM
From: Edwin S. Fujinaka	Respond to of 6020

Greed may be raising it's ugly (but understandable) head with Softbank and Hikari people spinning off on their own to set up venture capital style operations independent of their former companies. I suppose it is a problem with the stock options that Softbank and Hikari can issue to these key people or it may be that everyone wants to be a billionaire (and I don't mean in yen <G>): Sunday, January 23, 2000 Softbank, Hikari Tsushin Ex-Staff Set Up Venture Cap Firms TOKYO (Nikkei)--Former officials at Softbank Corp. (9984) and Hikari Tsushin Inc. (9435) have separately set up venture capital firms, exploiting their expertise in seeking funds for Internet start-ups, it was learned Sunday. The entrepreneurs are targeting start-ups that may eventually list on the Tokyo Stock Exchange's Mothers or other new markets for venture businesses. Venture Innovations was set up at the end of 1999 by four former officials at Soft Trend Capital Corp., a venture capital firm affiliated to Softbank. At Soft Trend, the four had been in charge of seeking new investment targets and attracting investors for a fund to finance domestic Net companies. Venture Innovations is capitalized at 80 million yen and has established a 2 billion yen 10-year fund. A total of some 570 million yen has already been invested in 14 companies and the firm is seeking an additional 25 investment targets by March. Meanwhile, five former workers at Hikari Tsushin have set up Incubate Capital Partners, a venture capital firm which manages a 3.5 billion yen fund financed by seven corporate and individual investors. It has invested in eight firms and expects that some of them will go public in the latter half of this year. The five founders also formerly worked at leading venture capital firm Jafco Co. (8595). (The Nihon Keizai Shimbun Monday morning edition) --------------------------------------------------------------------------------