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To: long-gone who wrote (46751)1/6/2000 9:16:00 AM
From: Ahda  Read Replies (2) | Respond to of 116764
 
Truths here is one and one man who sees long range

Sony President Nobuyuki Idei told Reuters during the midday break that the current share price of the electronics giant, a main beneficiary of Japan's high-tech stock euphoria, represented a ``bubble.'

``When our earnings levels are considered, the appropriate price would be about 20,000 yen. Above that would be a bubble,' he said when asked what would be an appropriate share price for Sony.

Sony shares were ask-only and down by their daily limit at 25,700, against Wednesday's close at 27,700. They had already seen daily limit losses in early trade, extending their correction since Wednesday after marking the start of the year with a lifetime high of 32,250.