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

To: Edwin S. Fujinaka who wrote (4257)	3/7/2000 1:46:00 AM
From: Edwin S. Fujinaka	Respond to of 6018

Lehman's denial that they are trying to buy a piece of the NCB Bank from Softbank was also discussed at Bloomberg. My interpretation of the denial is that they are negotiating <G>: quote.bloomberg.com Lehman Denies Report That It Is Buying Stake in Japan's NCB By Bradley Meacham Lehman Denies Report That It Is Buying Stake in Japan's NCB Tokyo, March 7 (Bloomberg) -- Lehman Brothers Inc., the fourth-largest U.S. investment bank, denied newspaper reports that it is close to buying a stake in Japan's Nippon Credit Bank from Softbank Corp. ``It's news to me,' said Michael O'Hanlon, co-head of Lehman's investment bank unit in Japan. ``There is no agreement with Softbank or anybody else.' Lehman originally submitted its own bid for Nippon Credit in October and has considered buying a stake in the bank since it withdrew that bid in November. The Yomiuri newspaper reported today that Lehman plans to take a 5 percent to 10 percent stake in the bank, without citing sources. Softbank declined to comment on the report. Lehman, which is setting up an online bond trading system with Softbank called E-Bond Securities Co., wouldn't rule out an eventual agreement with the Internet investor, which wants to lower its own stake in the bank. ``I'm not saying it's never not going to happen,' O'Hanlon said. ``The ball is in their court.' The government agreed Feb. 24 to sell Nippon Credit to Softbank, leasing firm Orix Corp. and Tokio Marine and Fire Insurance Co., the top non-life insurer. Softbank needs to cut its stake in the bank to less than 50 percent, from 65 percent now, in order to keep the bank from being considered a subsidiary.

To: Edwin S. Fujinaka who wrote (4257)	3/7/2000 1:47:00 AM
From: swisstrader	Read Replies (2) \| Respond to of 6018

Its either sadness or euphoria...and to be honest, we have all (exception: the few who bought over this past week) been more euphoric complements of Sato Son and our beloved Softbank than sad. My only regret was/is not having bought more yesterday, which was my plan (foiled by terrific but conservative wife!).

To: Edwin S. Fujinaka who wrote (4257)	3/7/2000 6:51:00 PM
From: TobagoJack	Respond to of 6018

One winner reporting in. However, winning at an expensive bridge game on the Titanic was probably not as satisfying as winning the spelling bee contest in elementary school. We shall see. Added a bit more CHL (very expensive stock, relatively speaking) to the collection and sold 5 puts at the money going out to September at $38. Believe they will ultimately end up with Cable & Wireless HKT's 50% HK cellular share from Pacific Century as "thank you for the support" on stealing HKT. Else I do not see where the pay off can come from (fixed line? gate way?) How HK works so well at games learnt so quickly, as long as the game involves money. My clever Shanghainese mom says we Trinidadian Hakka Creole Chinese tend not to drop tears until we see the coffin (referring to our insane relish for anything offering a thrill).