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Technology Stocks : Softbank Group Corp

SFTBY 13.81

-3.3%

Jan 30 9:30 AM EST

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To: mact who wrote (1660)	9/13/1999 3:43:00 AM
From: Edwin S. Fujinaka	Read Replies (1) of 6021

Softbank (9984) closed in Japan at over $425. The price in Europe seems to be continuing the strong up move and Softbank is currently trading at over $430 there. This seems to be one hell of a run and it is verging on hysteria. If this continues, we should see US Quotes of over $435 tomorrow morning (Monday). The runup in the Parent Company, Softbank, could simply be attributed to the strong upward move in Softbank Technology and Yahoo Japan and even Yahoo US. That is, just viewing Softbank as the Holding Company they will formally become in October, 1999, could explain the price action. I don't understand all of the ramifications of the Holding Company designation so this is conjecture on my part. BTW, based on the 108 Million shares of 9984 outstanding times $426/share, we can project a market valuation of $46 Billion. Perhaps others can verify these numbers. Anyway, I guess Microsoft is still more than ten times bigger and Bill Gates is personally twice the size of Softbank in terms of dollar value <G>. Son's personal holdings must be approaching $20 Billion if I recall correctly.

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