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

To: Edwin S. Fujinaka who wrote (4110)	2/24/2000 7:20:00 PM
From: LOGAN12	Respond to of 6020

Thanks, Ed! I was hoping you would see my plea! :-))linda

To: Edwin S. Fujinaka who wrote (4110)	2/24/2000 9:00:00 PM
From: TobagoJack	Respond to of 6020

Thank you Edwin for saving us the search. Here is a bit about how NCB fits into 9984 strategy from Son's own thought ... yup, makes sense too. Friday, February 25, 2000 NCB Purchase To Help Softbank Promote Start-Ups: Son TOKYO (Nikkei)--The purchase of Nippon Credit Bank provides Softbank Corp. (9984) with the third pillar of its start-up business promotion policy, Softbank President Masayoshi Son said Thursday. His remarks came soon after it was announced that a consortium led by Softbank will take over the operations of the nationalized bank. The first pillar is promoting start-ups by direct financing through investment trusts. The Softbank group currently owns stakes in some 300 domestic and foreign Internet-related start-up ventures, making it one of the world's largest investors in this field. Softbank was extremely successful in its investment in U.S. firm Yahoo and hopes to expand its investments into Europe with News Corp. It also plans to create a 150 billion yen venture capital fund in Japan next month. The company recently announced an alliance with the World Bank in which the two would seek cooperation from major computer hardware and software producers to promote Internet use in developing nations. The second pillar is encouraging start-ups to go public. Nasdaq Japan, due to begin operations in June, will serve this purpose for the time being. The third pillar involves indirect financing of start-ups. Son has often said that promising companies cannot obtain the working capital they need because banks refuse to lend without sufficient collateral. With the purchase of NCB, Softbank has a way to finance expansion of its Internet-related businesses such as e-commerce and online stock trading. Funding for Softbank's expansion currently comes from the group's growing market capitalization, supported by its bullish Net companies as well as Softbank's own high share price of 166,000 yen, nearly 100 times the 1,670 yen it traded for at the end of 1998, when the company was rumored to be in trouble.