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Technology Stocks : Softbank Group Corp

SFTBY 55.36

-2.8%

Nov 21 9:30 AM EST

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To: TobagoJack who wrote (5155)	5/29/2000 3:29:00 AM
From: Edwin S. Fujinaka	Read Replies (1) of 6020

Sunday night (Monday in Tokyo) we saw a close at 18,290 yen (up 190 yen) or $171. That's a little up from Friday's US close at $163 and we will have one more day of Tokyo trading and two days of European trading before we can actually trade here in the US after the Monday Memorial Day Holiday. So where will we be on Tuesday here in the US when trading resumes? Trading in the US should be severely limited through June 23rd and slightly beyond when the split shares finally become widely available to trade. Softbank's fate may be tied to the success of Nasdaq Japan which should open for business on June 19th, just days before the split Softbank shares become available here in the US. Is this timing coincidental? <G>. Perhaps it is irrelevant. Conventional wisdom might suggest that the sudden increase in tradeable shares here in the US will cause the stock price to drop. I'm predicting that it will be a nonevent, but my comments are probably worth about what everyone is paying for them. This is the only new story posted at Nikkei Net: Monday, May 29, 2000 Softbank Finance To Set Up Business Think Tank TOKYO (Nikkei)--Softbank Finance Corp. will establish a research organization to propose business strategies, foster start-up companies and promote corporate alliances, company sources said Sunday. The firm will set up the think tank in June in collaboration with a 170 billion yen venture fund that invests in domestic companies. The new firm will be capitalized at 200 million yen, a figure that will be increased to 1 billion yen by the end of this year. Hiroshi Tasaka, a professor at Tama University and a Lawson Inc. director, will be president of the think tank. The financial business unit of Softbank Corp. (9984) also plans to establish a similar research body in Silicon Valley next spring. (The Nihon Keizai Shimbun Monday morning edition

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