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Technology Stocks : Softbank Group Corp
SFTBY 55.64-0.8%Dec 23 3:59 PM EST

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To: Jonas1 who wrote (2565)12/2/1999 11:37:00 PM
From: Jonas1  Read Replies (1) of 6020
 
OT: PCCLF and Sons of Tycoons

Maybe someone can correct me if I'm wrong here. I know almost nothing about this. But I heard that PCCLF is run by the son of a very rich businessman in Hong Kong. I think the father's name is Li Ka Sheng, or something like that.

I have a built in bias against betting on the sons of tycoons. The tycoon usually makes it, having pulled himself (or herself) up by the bootstraps. M. Son fits this bill well. It is unusual for the sons of tycoons to be so successful. Don't know why. In any case, I wish the CEO of PCCLF well.

I did buy a small position in PCCLF. It is an interesting company. Difficult to get good info on it. If you are a ML investor, ask for their analysis report dated October 20, 1999. Quotes and charts available via Bloomberg. Actually two message threads started in last week on PCCLF on Silicon investor, one with misleading information about Merrill Lynch target price ($20 US instead of actual $1.03).

Jonas
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