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

To: TobagoJack who wrote (3389)	1/19/2000 11:39:00 PM
From: bobkansas	Read Replies (1) \| Respond to of 6018

I appreciate your concern about the price of Softbank. But remember, you and your wife are close to the action in Asia by living and working in Hong Kong. Some of the "greed" can wear off onto a person by being so close to the growth. Please take no offense by these remarks. It is just that I am in Kansas (near wheat fields and the Wizard of Oz), and we can see a lot from a distance. Our high tech is making BOEING airplanes here in Wichita. Best regards, Bob

To: TobagoJack who wrote (3389)	1/20/2000 1:40:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6018

Jay,...I am just trying to calm the waters and not let "irrational exuberance" take control of our discussion and our psyche. We were getting into the 50% per month range of thinking and that turns out to be a rate that would lead to a 129 times increase in 12 months <G>. There are three major items that are already publicly planned that should impact the price of Softbank stock when it is clear that they are viable. The first is the establishment of Nasdaq Japan, the second is the establishment of a trading vehicle for Softbank that will permit direct trading on a US Exchange and the third is the establishment of a broadband low cost wireless internet service. Establishment of successful ventures in each of these fields ought to be good for a double in price even if one of them stumbles a little. Throughout the year Softbank will continue to invest in new companies and joint ventures and will be coming out and supporting a number of IPOs. Perhaps these latter moves will account for another double or perhaps more. That's my factor of four for the year 2000. This seems like a modest and conservative expectation for the Softbank Stock price. We would be talking about a company with a market cap of $400 billion yen at that point. I'll leave surpassing Microsoft to the year 2001 <G>. I sure hope that it will be a little easier to hedge our positions at those lofty levels.