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Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Jonas1 who wrote (2270)	7/22/1999 8:24:00 PM
From: astyanax	Read Replies (1) \| Respond to of 4337

Re: Flaming Steve Harmon's Softbank Coverage... Hey Jonas. I truly appreciate all your great, extremely informative posts @ Silicon Investor & Raging Bull. But I had to say ... don't you think you are overreacting here just a bit? Regardless of whether or not he has covered the stock, I do think Steve is a genius of a Net stock picker. But that's my opinion. ISDEX returns of 187% last year are pretty impressive. Yes, I do notice that the Steve Harmon thread is the one non-Softbank forum that has become dominated about talk of this stock. He said that he may cover that in the future but he has no obligation to mention it at all. Perhaps he is spending a lot of time researching the stock. I know that may sound silly, but really, I've said many times that analyzing the value of Softbank is like feeling for an elephant in a dark room. You know you're on to something truly big here, but the details are murky. I know in my analysis of similar stocks (Venture capital holding companies with heavy Net exposure) - CMGI, Winfield Capital (WCAP), Big Flower Holdings (BGF), etc, that these are somewhat difficult to analyze. Softbank is even harder - until they are listed on the American exchange (maybe a year or so), they do not even have GAAP-compliant financial statements for comparison. Not to mention the many private companies they have stakes in. That's just my quick thoughts. Anyway, for the latest breaking news, check out Smartmoney.com's second article on Softbank, awesome stuff: "Is That Softbank in Your Pocket?" smartmoney.com - George Nichols The Internet Fund + Softbank Websites @ netconductor.com =========================== >>Jonas1 wrote: Steve: Is your brain working properly? People have been talking about Softbank on your board for the past 2 months. Meanwhile Softbank stock has doubled. You never mention it, or only mention it in passing, despite repeated requests from many people on this board. Now in your newsletter, you state that "amazon may be the biggest threat to Softbank", due to the fact that Softbank invested in Webvan, which wants to warehouse vegetables? Do you really know what Softbank is? Have you researched it at all? Or is that that you just don't do Japan? Don't know, man, but if you're an internet expert, I'm a brain surgeon.