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

To: Edwin S. Fujinaka who wrote (2621)	12/6/1999 4:21:00 AM
From: Edwin S. Fujinaka	Respond to of 6020

Softbank opened in Frankfurt at 700 Euros which is about $700 so all three markets are pretty close at this instant of time. When there are large discrepancies between the prices in Japan, Europe, and the US it implies a certain inefficiency in the markets that will eventually disappear when Softbank has the Nasdaq operating in Europe and Japan in conjunction with the US Nasdaq. I'm still wondering if Softbank has a strategy to be the first stock to trade worldwide, 24 hours a day, on all three of the Nasdaq branded exchanges? (Of course that implies some sort of trading vehicle for the US market, perhaps a Softbank ADR?).

To: Edwin S. Fujinaka who wrote (2621)	12/6/1999 4:33:00 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 6020

Your phrase "market share at the expense of profits" seems to me to be an accurate description of Softbank's situation. The profits will surely come when the wireless system is set up and popular and the internet becomes a mass phenomenon. That might be 2003-2005, right? Meanwhile, as Japan's most valuable company grows and grows, the stock price will advance erratically, pushed down sometimes by "experts" who denounce the company's profitless ways, giving lots of chances for smart and nimble people like Jay to trade in and out.

To: Edwin S. Fujinaka who wrote (2621)	12/6/1999 5:08:00 AM
From: Labrador	Respond to of 6020

>>It appears that Softbank is pursuing the US model of trying to develop market share at the expense of profits. << I'd say developing market share and investing in expected hypergrowth situations at the expense of posting immediate profits [using an accounting concept]. I'd say that they're building value, but not posting current accounting earnings. I do find it strange that even though Softbank moved up 4K yen last night, it did not hit Friday's closing price. I think that the U.S. marketers [Merrill?] a charge far too wide a spread.