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Technology Stocks : Softbank Group Corp

SFTBY 55.26

+5.2%

Dec 19 9:30 AM EST

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To: Nihon-jin who wrote ()	3/31/2000 9:23:00 AM
From: barbie13607	Read Replies (1) of 6020

SFTBF Earnings News !!!! : This should give us a nice boost!! -barbie quote.bloomberg.com Technology News Fri, 31 Mar 2000, 10:18pm HKT Softbank Raises Parent Earnings Forecast 4-Fold on Share Sales By Hiroshi Suzuki Softbank Raises Parent Earnings Forecast 4-Fold on Share Sales Tokyo, March 31 (Bloomberg) -- Softbank Corp., Japan's largest Internet investor, boosted its earnings forecast for the year ending today four-fold after it raised about 58.9 billion yen ($560.5 million) from its sale of two blocks of shares in its Softbank Technology Corp. The company said it now expects to post net profit of 52.5 billion yen for the year ending today, up 320% from its original forecast of 12.5 billion yen. The company left its forecast for sales unchanged at 107.6 billion yen. Softbank shares fell their exchange-imposed limit of 5,000 yen, or 5.2 percent, to 91,500. The earnings revision was announced after exchanges in Japan closed.

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