Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Spytrdr who wrote (2991)	6/3/1998 11:04:00 PM
From: Bikergirl	Read Replies (1) \| Respond to of 13953

Softbank was one of the pre-IPO original investors in E*Trade. They received millions of shares at a very low cost basis(I don't know the exact figures.) Because of Japan's financial difficulties, Softbank had to sell a large portion of their EGRP last fall. They are probably getting a similar deal on the stock this time around. Another bad move by EGRP. They will not make any money in Japan. Nobody else has for the last 9 years, why should they? Until Japan clears out the bad loans, any money invested over there is dead money.