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Technology Stocks : Softbank Investment International (HK0648)

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To: Maika who wrote (592)9/24/2001 12:19:39 AM
From: ms.smartest.person   of 615
 
Hi Barbara,

Guess you saw this one was down big time last week. Now US$0.015!

The reason:

Softbank Inv (0648) yr loss $97M, no fin div
2001/09/20 18:58

(Infocast News) Softbank Investment International (Strategic) Limited (0648) announced the results for the year ended June 2001. The company recorded a net loss of $97.186 million. LPS was 4.9 cents. No final dividend was declared.

The company posted a net loss of $29.829 million in the 15 months ended June 2000.


For a company that does not have any business, how the heck can they lose $29.829 million?

Merry
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