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Technology Stocks : Softbank Group Corp
SFTBY 52.80+5.5%Nov 26 3:59 PM EST

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To: michelda who wrote (4903)4/21/2000 2:35:00 PM
From: Edwin S. Fujinaka  Read Replies (1) of 6020
 
Michelda,...I've always sensed that you had a rational basis for much of your optimism about Softbank. The thing I like the most about this SI Softbank Board is that there is a lot of factual discussion and analysis and less of the hype that you see on Yahoo for example. I'm pleased to see you backing up some of your predictions with some basic logic applied to some facts as you've just done here.

BTW, I just checked the Softbank Site and they are showing a market capitalization for Softbank's listed stockholdings as 3,414.8 Billion Yen. That works out to around $293 for each share. When I originally bought in, Softbank was actually selling below the value of their listed holdings. I realize that there is the bond debt to consider as well as taxes if Softbank should choose to sell off some of their holdings, but the $293 is a nice number to have in the back of your mind when you are considering buying some of the parent companies shares. A couple of days ago when Softbank was at almost $400/share it would be easy to argue that the price was very low. At $540, I still agree that the price is low especially with the split in view. If a Nasdaq Japan listing translates into a vehicle to trade directly on Nasdaq in the US, we should see another increase in interest and perhaps a little more analyst support.
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