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

To: mact who wrote (5366)	7/7/2000 12:29:33 AM
From: Altaf Amin Jadavji	Read Replies (1) \| Respond to of 6018

NCB formally linked to Silicon Valley banking culture ... (All this sea-sawing has been nerve-racking and has brought much dreaded emotion into evaluating SFTB investment decisions. Still holding in anticipation of general upswing during the fall.) Regards, Friday, July 7, 2000 NCB To Exchange Personnel With U.S. Bank TOKYO (Nikkei)--Nippon Credit Bank (NCB), which will come under the control of a consortium led by Softbank Corp. (9984) next month, will begin personnel exchanges with U.S.-based Silicon Valley Bank (SVB), Softbank President Masayoshi Son and SVB Chairman John Dean announced here Thursday. NCB plans to join forces with a few domestic venture capital firms to seek out and invest in start-ups with high growth potential. The personnel exchanges will enable Nippon Credit Bank to tap SVB's expertise in screening start-up loan applicants. SVB specializes in extending loans to emerging companies, and boasts the know-how of appraising venture firms' credit ratings on the contents of operations, the backgrounds of entrepreneurs and cash flow. It has tie-ups with some 500 U.S. venture capital firms, which introduce potential clients to the bank. In return, it extends loans to the venture capital firms when they invest in start-ups. (The Nihon Keizai Shimbun Friday morning edition) --------------------------------------------------------------------------------