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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: Yamakita who wrote (2620)	12/6/1999 4:12:00 AM
From: Edwin S. Fujinaka	Read Replies (4) \| Respond to of 6020

That 71,000 Yen finish last night translates to about $695 which is close to, but still below, the last close in the US on Friday. It appears that Softbank is pursuing the US model of trying to develop market share at the expense of profits. This has resulted in the highest stock price valuations for the resulting IPOs. Almost all of the successful American Internet Stocks have followed this path. Most of the traditional old line companies cannot follow this course because they have existing shares that are priced based on an earnings model. A tracking stock for the internet portion of an existing company might be able to replicate the IPO model, but the public is probably more receptive to a clean IPO rather than a tracking stock. Also, a tracking stock that is losing money would have a negative impact on the parent company. I suppose that all of this is obvious to most of us internet stock investors (especially for Softbank).