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

To: Edwin S. Fujinaka who wrote (4286)	3/8/2000 5:28:00 AM
From: swisstrader	Respond to of 6018

With regard to earlier posts on doing currency trading, Schwab soon to offer to non-US residents: March 7, 2000 Schwab, Barclays to Team Up on Web Site For Foreign Trading, Currency Exchange An INTERACTIVE JOURNAL News Roundup SAN FRANCISCO -- Charles Schwab Corp. and Barclays PLC plan to operate a Web site that will allow investors outside the U.S. to buy and sell securities in different currencies. U.S. Investors May Soon Be Able to Buy Foreign Stocks Via the Net (July 19, 1999) Using Schwab's online brokerage services, investors will be able to buy and sell securities in foreign markets without separately negotiated foreign-exchange contracts, Schwab said. Barclays, based in London, will provide the live foreign exchange pricing and execute the foreign exchange transactions with Schwab. In countries where Schwab's affiliates are licensed to trade on local exchanges, users will be able to move funds between accounts in different currencies. Schwab, which serves 6.7 million active accounts with $718 billion in customer assets, will relay exchange rate information to customers and process the foreign exchange transaction automatically in parallel with the securities trade. The site should be operational by the fourth quarter, the companies said. "This is a tool that makes sense for investors around the world," said Schwab's chairman and co-CEO Charles R. Schwab. "Online trading is flourishing in international markets and, naturally, investors are looking for opportunities outside their home markets. With this foreign exchange facility, we intend to provide them with a seamless end-to-end trading experience." Currently, U.S. investors can't buy stocks in foreign markets online -- operational and regulatory obstacles have deterred brokerage firms from offering such access. U.S. investors wanting to invest in stocks in foreign markets does so either through mutual funds or by going through a full-service broker. Several brokerages, however, are pushing to allow foreign investors to trade in U.S. markets -- and, eventually, to allow U.S. firms to trade internationally.

To: Edwin S. Fujinaka who wrote (4286)	3/8/2000 6:33:00 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 6018

Japanese companies don't speak glibly to the press. In the case of the ones that I know, all communications to the outside world are carefully examined beforehand by high ranking managers. If a spokesman for TEPCO denied the rumour then we can be sure that is the official stance of TEPCO. On the other hand Yomiuri Shimbun is a fairly reliable newspaper. I suspect that NTT and its (to me)unknown allies are applying pressure to TEPCO to rescind its agreement with Microsoft and Softbank. If so the matter of this pressure and how to respond would be discussed internally and a leak may have happened, distorted into a definite decision. As you say, Edwin, we have to wait and see. As Jay remarks, TEPCO has a lot to lose. To most Japanese people, YAHOO is the Internet. I do feel that if the TEPCO deal collapses it would reduce the present value of Softbank shares. (By how much, I have no clear idea.)