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

To: Zirdu who wrote (62)	4/6/1999 10:01:00 AM
From: Don Dorsey	Read Replies (1) \| Respond to of 497

SONY TO OFFER ONLINE TRADING IN JAPAN THROUGH NEW FIRM TOKYO, Apr 06, 1999 (Asia Pulse via COMTEX) -- Sony Corp. (TSE:6758) announced Monday it has established a subsidiary that will offer online securities trading beginning in October. Capitalized at 50 million yen, Monex Inc. is owned 50% by Sony and 50% by Ooki Matsumoto, an advisor to Goldman Sachs Corp. Matsumoto will serve as president and Sony will appoint two part-time directors. The new company will combine Matsumoto's expertise in securities trading with Sony's knowledge of networking and electronic settlement technologies. It will mainly target individual investors. (Nikkei)