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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (10553)	6/21/1999 1:48:00 PM
From: astyanax	Read Replies (1) \| Respond to of 19700

$200 Reward for Softbank oddlot purchase [slightly off topic]: I need both feedback and help on a foreign security - SOFTBANK (known as "The Japanese CMGI" by some followers) - which trades on the Nikkei (9984) and Frankfurt Exchanges (891624). It does not have an ADR but has a clearing symbol (SFTBF) which appears to be restricted to round-lot purchases by market makers. However, it appears (based on trading volume and message board posters relaying their experience) that odd lot shares can be purchased, particularly from the Frankfurt exchange. It was big news a few months ago when Softbank and Morningstar announced a joint venture for financial services to be offered in Japan. Softbank is a 50% backer of the new Japan NASDAQ, and major shareholder of Geocities, Yahoo!, ETrade, Ziff-Davis, etc. In an interview, I believe CEO Masayoshi Son derided the fact that CMGI has a much higher valuation for similar assets than does Softbank... I have tried repeatedly to buy an odd lot of this security for the past 2-3 months. In my desperation, I am now offering a $200 reward for anyone who can directly facilitate such a purchase for me. I'll let you read my posting titled: $200 REWARD FOR SOFTBANK ODD LOT TRADE REFERENCE* at ragingbull.com OR see my SOFTBANK Odd-Lot Desperation Website at netconductor.com for further details. Ladies and Gentlemen, this is Internet Mania at its finest! Softbank is a holding of T Rowe Price Technology Fund. I found this to be quite a startling fact considering: 1)Manager Chip Morris has been one of the most bearish technology fund managers regarding Net stocks 2)He only holds 3 stocks (approximately 4% of portfolio) in that sector. Softbank is the top holding of Warburg Pincus Japan Growth and a top 5 holding of T Rowe Price Japan Funds. Lehman Brothers analyst Ravi Sarathy made the startling observation that even if the entire Net sector were to lose 50%, Softbank would still be undervalued. Sarathy gave Softbank their highest "buy-1" rating with a price target (based on current yen exchange rates) of $345 (that is not a typo). This is when it was around $120 per share. Softbank has been skyrocketing out of control the last few weeks (now $180) despite the fact the Net sector has struggled. Softbank has just hit a new all-time high despite the fact its underlying Net holdings are off by 1/3rd or more. For more info on this stock, check out: geocities.com - Netconductor.com