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

To: Netwit who wrote (3820)	2/10/2000 9:11:00 PM
From: Taikun	Respond to of 6018

I agree completely and that it what I believed I had written.

To: Netwit who wrote (3820)	2/11/2000 5:20:00 AM
From: Edwin S. Fujinaka	Respond to of 6018

There has long been talk of legal and tax barriers to a Softbank ADR in the United States. I think we all anticipate that the real availability of a US Softbank trading vehicle with a complete array of derivatives would create a very hot stock issue and Softbank US would propel our investment to new heights. Just the announcement of such a US trading vehicle would be good for a 20% up move if not a lot more. As I mentioned, DVIN, the "Internet Zaibatsu" is based in part on an explicit need to get the laws governing such "funds" or "holding companies" (or perhaps, zaibatsus) changed so that they can operate more freely here in the US. The DVIN IPO which is scheduled for March is expected to be a hot issue. CMGI has bought an advance position in DVIN, and it may be just an indication that Whetherall (sp?) needs to be involved with this politically connected new Company. I suppose he wants to make sure that any modification of the law and/or the tax structure that favors trading companies will include CMGI. Filipkowski, the CEO of DVIN has mentioned in an interview that this new fund will only take a minority position in their holdings (like Son and Softbank). This is so they do not stifle the creative entreprenureal (sp?) spirit that created the new company in the first place. Filipkowski came to this realization with his experience with his previous venture, Platinum something or other. That was another sort of holding company that tried to get 100% control of the companies they invested in. I notice that in Japan, Son seems to want more than a minority stake. I hope that isn't just greed rearing it's ugly head <G>. I do think that Son is paying attention to the compensation package afforded to his entrepreneur/managers to try to attract the best and the brightest.