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Technology Stocks : Softbank Group Corp

SFTBY 87.91

+3.3%

Oct 31 9:30 AM EST

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To: Jonas1 who wrote (2782)	12/22/1999 12:22:00 AM
From: TobagoJack	of 6018

Excuse my random mutterings, as we are partying in the office at 1:15pm. Just released bonus packs to staff. I still remember quite vividly my champaign and caviar boat trip right before Thailand collapsed. The subscription price for Yahoo's annual report keeps going up in a relentless fashion. The Korean angle is a big positive for both Yahoo and 9984, especially as the country is recovering much faster than Japan. On the Yahoo discussion with Founder (418.HK), the stock has proven to be a good week (as opposed to day) trading vehicle. There are simply money everywhere for the picking, and we are drunk with fantastic visions of Maui. The operative valuation out here appears to be US$ 5 million for a good idea, and projects are valued at $15 million for having three good ideas. Food processing portal. Textile portal. Hotel portal. Traditional Chinese Medicine Portal. Etc. Old intermediaries I know in energy projects are now pawning i-net ideas. Cornfeld's (1960s scamster) street level window in HK (where he displayed a tree with money clipped to it - the money tree) on Duddell Street in Central now has a new logo inside "Web Bank". Cornfeld's motto tag line used to be "Do you truly want to be rich?" This is tremendously enjoyable and funnier than "It's a mad mad mad world". Today I received a querry on a i-net business plan. The guy asked "Jay, the writing style looks like yours on the B-plan; is this the deal you guys sold to _____". He was concerned that a business was being re-packaged and sold again. As I was suppose to vet projects for him, he thought one of my plans had found its way back to me. Turns out to be a competing idea in traditional chinese medicine, not as good, but looks similar. Care to be exercised. Survivors will be the quick-footed. While the emperor's palace was valued at an unsaleable fortune, there are still plenty of Hawaiian hotels boarded up. Conclusion, stay with the quality issues. I am worried about a Bre-X type of situation in i-net (as if some one sneazes on the buffet table of Gold Mining) that ruins the fun for the rest of us. Back to the party.

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