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

To: Labrador who wrote (2810)	12/24/1999 2:14:00 PM
From: Edwin S. Fujinaka	Respond to of 6020

I tend to agree that US ownership of Softbank shares is relatively small. Of course Son himself owns about 43% of the Softbank stock and He isn't trading <G>. We do hear the comment that the Japanese market is following the US Market very often. I suspect that Softbank is illustrating an interesting phenomena where a small number of trades in an influential market (the US) can move the price of Softbank and Tokyo and Europe have to follow. <G>. For a long time, I have been hoping for an American trading vehicle, perhaps an ADR that represents 1/10th of a Softbank share (as you suggest). The thought of the potential demand for Softbank stock in the US is pretty awesome. Maybe they are waiting for Nasdaq Japan for a worldwide, 24 hour, marketplace with Softbank as the centerpiece in some form. Of course there would be the whole array of derivatives, puts and calls or whatever, and in the end, perhaps softbank will buy Microsoft <G>.

To: Labrador who wrote (2810)	12/26/1999 5:39:00 PM
From: astyanax	Read Replies (1) \| Respond to of 6020

US Mutual Funds owning Softbank. There's nowhere I know of where I can run a screen on Softbank and find American funds holding it. Thus, I basically employed a "brute force" method (oh my god what a pain), combing all mutual funds with heavy Japanese or Internet stakes and seeing if they have Softbank in their portfolio. This is only based on Morningstar data, and different funds have different reporting dates. T. Rowe Price Japan (PRJPX), T. Rowe Price Science & Technology [maybe not anymore] (PRSCX), Warburg Pincus Advisor Intl Equity (WIETX), Warburg Pincus Advisor Japan Growth (WPJAX), Warburg Pincus Advisor Japan Sm Co (WJSAX), Warburg Pincus Japan Growth Comm (WPJGX), Warburg Pincus Intl Equity Comm (CUIEX), Warburg Pincus Japan Sm Co Comm (WPJPX), *Acorn Foreign Forty (ACFFX) Deutsche Japanese Equity A (DJEAX), Matthews Japan I (MJFOX), Capstone Japan (CNJFX), Federated Asia Pacific Growth (APCAX) Alliance All-AsiaInvestment(AALAX), First American International (FAIAX),Bear Stearns International Equity (BIEAX), Invesco Pacific Basin (FPBSX), Nicholas-Applegate Glob Gr & Inc I (NGGIX), ASAF Janus Overseas Growth A (JOGAX). - Netconductor.com >>Labrador wrote: Do you think that US ownership of Softbank is significant? I recognize that there is some fund ownership, and probably de minimis retail investors, but I presumed US ownership is quite small. [If Softbank would issue an ADR and have the ADR shares equal 1/10 of a share, I suspect that there would be great demand.]