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Technology Stocks : Softbank Group Corp
SFTBY 76.80-5.3%10:02 AM EST

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To: LOGAN12 who wrote (3311)1/16/2000 3:27:00 PM
From: Edwin S. Fujinaka  Read Replies (2) of 6018
 
Softbank has gotten many mentions in the mainstream US financial press over the last year. There are very few analysts promoting Softbank to US investors though. Even some pretty sophisticated "old line" investors that I know are only dimly aware of Softbank. Is it a software company?Is it a bank? That will be corrected once Softbank is traded on a US exchange. I anticipate that once Japan Nasdaq is up and running, we will see Softbank dual listed there (along with the Tokyo Exchange) and also at Nasdaq US in some form. I hope the form can be the same shares that are traded in Japan (and eventually Europe too). That way we won't have to deal with the discrepancies in price that sometimes occurr between Tokyo and Frankfurt where the Softbank shares are not fungible. The broad opening of the US investment market to Softbank shares will be one of the major factor propelling the stock to new highs. We'll probably need a ten for one split somewhere along the way <G>.

That difference between the Nikkei 225 and the Topix is similar to the difference between the Dow 30 and the Nadaq. "Old Line" versus "New High Tech". I think the shift in investor sentiment away from "old line" investing has hurt many small cap "old line" type companies in particular. Perhaps these investments will come back in favor, they always do eventually. In the meantime, I feel comfortable just riding Softbank into the future. I agree that a "shakeout" in these high flying internet stocks may happen soon, but Softbank will survive and perhaps even buck any downtrend as they did during the middle of 1999.
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