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

To: Edwin S. Fujinaka who wrote (4529)	3/22/2000 10:13:00 PM
From: debra vogt	Respond to of 6020

Wednesday March 22, 8:55 pm Eastern Time Softbank units to help U.S. firms' Japan Net entry TOKYO, March 23 (Reuters) - Two units of Japanese Internet investor Softbank Corp will set up a new company on April 1 to help unlisted U.S. venture firms wanting to enter Japan's e-commerce market. Softbank Commerce Corp said on Thursday that it and Softbank Technology, a consulting firm on e-commerce know-how, will set up a firm called Softbank e-Entry Corp for firms wanting to get into Japan's Internet networking business. The new firm, capitalised at 300 million yen and owned 90 percent by Softbank Commerce and 10 percent by Softbank Technology, will provide services such as setting up offices, consulting on marketing, sales and other support. It will aim for sales of five billion yen in the year from April 2002. By late morning on the Tokyo stock market, Softbank's shares were down 4,000 yen or 3.57 percent at 108,000 yen. --------------------------------------------------------------------------------