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

To: Yamakita who wrote (2731)	12/16/1999 4:14:00 AM
From: Anchan	Read Replies (2) \| Respond to of 6020

Apologies for double-posting today's Reuter's news (also on the TRANS COSMO with-the-missing-"s"-board) but it does say "next Softbank" ... --------------------------------------- (Reuters) Thursday December 16, 3:02 am Eastern Time Japan mkt bets on Trans Cosmos as "next Softbank" TOKYO, Dec 16 (Reuters) - Strong appetite for Internet stocks in Japan sent Trans Cosmos soaring on Thursday as investors continued to bet that its extensive Internet-related investments would pay dividends. The computer data processing company with active investments in Internet-related ventures, finished the session up 3,000 yen or 8.15 percent at 39,800, the sixth consecutive day it has risen by its daily limit. ''It's just the result of supply and demand. There are so many investors who want to buy shares in companies like Softbank. But there are only a limited number of firms in Japan that qualify as a genuine Net stocks,'' a trader with a second-tier brokerage said. Having invested in more than 150 Internet related companies, including Yahoo! Inc (NasdaqNM:YHOO - news) and E*Trade (NasdaqNM:EGRP - news) of the United States, Softbank has been the core Internet stock in Japan. Its share price has jumped by 87 percent over the last two months alone. Trans Cosmos's investments include Liquid Audio Japan, which is set to be listed in the Tokyo Stock Exchange's new market next week, and Autobytel Japan, a Japanese affiliate of U.S. online auto dealer Autobytel.com Inc (NasdaqNM:ABTL - news). Liquid Audio Japan, a Japanese unit of U.S. Internet music company Liquid Audio Inc (NasdaqNM:LQID - news), is scheduled to debut on Japan's new market for start-ups with growth potential on December 22. Autobytel Japan is also planning to list its shares on the market, called ''Mothers,'' by spring 2001. Trans Cosmos holds a five percent stake in Liquid Audio Japan and a 13.4 percent interest in Autobytel Japan. It also has a 53 percent stake in DoubleClick Japan, a Japanese affiliate of U.S. online advertising network operator DoubleClick Inc (NasdaqNM:DCLK - news), and a 40 percent stake in online commerce venture Net Perceptions Japan. Minneapolis-based Net Perceptions Inc (NasdaqNM:NETP - news) has a 45 percent stake in the venture. Although Softbank and Trans Cosmos share some similarities, the latter had not staged a rally until recently simply because most investors were unaware of its businesses, said Nobumasa Morimoto, an analyst at Tokyo Mitsubishi Securities. ''Investment-wise, Trans Cosmos started focusing on Internet ventures way before Softbank did.'' he said.

To: Yamakita who wrote (2731)	12/16/1999 11:37:00 AM
From: manohar kanuri	Read Replies (1) \| Respond to of 6020

OT Yamakita, I, personally, am not comfortable transposing a rich economy measure onto a poor economy. I'm quite comfortable with the "conceptual possibilities" of Softbank in Japan and the US, but the same bumps up against problems in India the way I see it. Unlike China where whole provinces are buzzing with activity, it is only the cities of Chennai, Bangalore and Hyderabad (and the Bombay Stock Exchange players) that have seen dramatic changes in prosperity and living standards. That said, I guess it really boils down to comfort levels. And, I was and am not considering the overseas Indians as a significant factor in valuing SIFY. Also, when did Satyam overtake Infosys as the best performing stock of the decade? I didn't realise the rankings had changed at some point..... Any thoughts on ethnicgrocer.com? Aspects of its model seem to overlap the initial plans of IndiaWorld. Also read an interesting article some time back about SKumar's.com (textile money going online) which is planning a clicks and bricks b2b -- overlaying a virtual network onto its existing distribution network. best, manohar