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Technology Stocks : Softbank Group Corp

SFTBY 57.05

-0.5%

Dec 30 3:59 PM EST

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To: TobagoJack who wrote (195)	5/28/1999 5:00:00 AM
From: Edwin S. Fujinaka	Read Replies (1) of 6020

Although Softbank has been trending down, it is not falling as fast as Yahoo/Japan. Somewhat conflicting remarks were made on Nikkei Net last night: Thursday, May 27, 1999 Japanese Internet Issues Unaffected By Fall In US Stocks TOKYO (Nikkei)--The drop in stock prices of Internet-related corporations on the New York stock exchange will have limited effect on Japanese issues, market analysts said Wednesday. Though Softbank Corp. (9984) and other domestic Internet firms saw their stock prices plunge, information-telecommunications issues, including Fujitsu Ltd. (6702) and Sony Corp. (6758), were bought by both domestic and overseas institutional investors hunting for bargains. "Prices of some Internet-related stocks are relatively high. Issues with strong growth potential over the long term will be bought on the decline, after their business results are closely studied," Nishichi Omori, general manager of Equity Investment at Sanwa Asset Management Co. said. (The Nihon Keizai Shimbun Thursday morning edition)

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