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To: Yamakita who wrote (5517)	9/12/2000 5:21:04 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6020

Tuesday, September 12, 2000 New Issue: Cyber Communications To Debut On Sept 21 TOKYO (Nikkei)--Major Internet advertising firm cyber communications inc., which has a 30% share of the domestic market, will debut on the Nasdaq Japan Market on Sept. 21. Soon after the company was launched in 1996 by advertising leader Dentsu Inc. and Softbank Media & Marketing Corp., the firm was able to monopolize ad space on a major search engine operated by Yahoo Japan Corp. (4689), a joint venture with the Softbank Corp. (9984) group. Cyber communications grew in line with the search engine, which still makes up 50% of sales, and has since won ad space on various Web sites run by newspapers as well as portals. The company devises a sales strategy jointly with the ad carrier and approaches firms through sales agents. It gains about a 15% commission for the ads, depending on the frequency of their appearance. Cyber communications has posted a net profit every year since its founding. Sales are expected to soar 140% on the year to about 12 billion yen this fiscal year ending March 2001. Pretax profit is expected to grow just 20% to some 300 million yen due to costs for the initial public offering. Proceeds from the IPO will be used for marketing as well as developing technology for broadband communications. Company President Toshio Arai says the company will invest to retain its top spot. Initial public offering: 7,000 shares Offering period: Sept. 12-Sept. 18 Issue date: Sept. 20 Offering price: 350,000 yen Lead manager: Nomura Securities Co. (The Nikkei Financial Daily Tuesday edition)

To: Yamakita who wrote (5517)	9/12/2000 8:30:37 PM
From: TobagoJack	Read Replies (1) \| Respond to of 6020

One reason is that PCs are becoming very affordable, not only for the masses in Hong Kong but also on the mainland. A name brand Pentium III 860 Mhz with DVD and all the geewhiz latest generation sound & video board, 512 Mbyte RAM, and 20 GByte HDD goes for HK$ 8000 (US$ 1000). The 15 inch flat LCD screen is another HK$ 8000, the regular TV monitor is effectively free at US$ 100. No sales tax, and plenty of good pirate software (i.e. all Microsoft programs for about US$ 15). China is now also starting to push ADSL broadband. ADSL from PCCW in HK cost US$ 37 per month per 100 hours. As the folks out here baby their babies, with US$ 65 per 45 minute music lessons and what not, the net will expand, even if at low penetration rate, will add up to huge numbers. On another matter, we get quite a bit of grey market import of Japanese products that are only released in Japan and not yet for the rest of the world. The Sony handheld is worth checking out. The comparatively bulky Pocket PCs may run into problems by Christmas time. Sony's new cell phone is also a must have. I am thinking that the handhelds and eventually cell phones, will belong to the Sonys of the world, and not to Palm, Nokia, Motorola. The traditional handset players such as Nokia would be well advised to make a lateral move to system products (ala Ericsson, Nortel s game), else they may not have any breakfasts any more.