Softbank Group Corp Message Board

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Technology Stocks : Softbank Group Corp

SFTBY 78.25

-3.5%

1:54 PM EST

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To: TobagoJack who wrote (2835)	12/26/1999 9:52:00 PM
From: Edwin S. Fujinaka	Read Replies (2) of 6018

Venture Capital, Incubators, perhaps it is time to resurrect the images of tulips before we get too enmeshed in this euphoria. Although Softbank may end the year with a 12 times runup, how fast and how far can we expect this to continue in the short run? I can recall saying that I would be happy with a year end price of $400 US. I think that Softbank was around $300 at the time. How stodgy and conservative such comments appear in retrospect. I can also remember when I considered a doubling of a stock price in one year to be a pretty good showing. Now I sense that most people are expecting a doubling in the first day of trading. Having said all that, in the world of internet stocks, Softbank is taking on the aura of a solid, reliable, conservatively managed company with a 300 year vision into the future. A recent investor was marveling at how Softbank appeared to be appreciating at 1%per day. <G>. Can we now consider that the norm? No one here, including me, would be surprised at 1% per day through the year 2000. I think I am beginning to scare myself. (Please don't ask me if I mean just trading days or every calendar day <G>).

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