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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: BlackStar who wrote (1574)	2/25/1998 3:19:00 PM
From: Rande Is	Read Replies (3) \| Respond to of 18444

The reason being that SIM would present competition to Softbanks own customers. Thus SIM needed to be sold off, they were by the way moving from break even into profitability (am I right here? please correct me if you have the scoop on this)... I don't believe we have received POSITIVE word on why Softbank Japan sold off SIM. I presented the conflict of interest angle as a possible [probable?] scenario to why Softbank Japan would sell such a terrific business as SIM in the first place. For those who don't recall, Softbank Japan owns magazine publishing empire ZiffDavis, thus is in the biz of selling space to ad agencies. It would get sticky having in-house competition to your clients. I believe it was Softbank Japan's own press release that stated Zulu-Tek had purchased Softbank Interactive Marketing [developers of the Softbank Network], for "somewhere between 5 and 10 million dollars." Correct me if I am wrong...but I believe someone spoke to execs at NETZ who verified that the transaction was in American Dollars and not stock. Softbank Japan still owns 35 percent of SIM. NETZ bought controlling interest [65%]. EchoMedia's [another NETZ subsidiary] website claimed a 20 million dollar acquisition account. Rande Is