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

To: astyanax who wrote (3444)	1/21/2000 7:29:00 PM
From: Edwin S. Fujinaka	Read Replies (2) \| Respond to of 6018

Net,...Don't stay away too long or we will be working on our tans somewhere in the Hawaiian Islands when you get back. We've enjoyed following your quest for that odd lot of Softbank into your new job at Morningstar. Softbank closed here in the US at $815 (down $5). This might be a good time to get in here except for the following caution. I just heard (again) about the upcoming IPO for BUY.COM. It was mentioned in connection with an Amazon search for new money. You may recall that Softbank owns around 31% of BUY.COM. Softbank paid $165 million for their 31% stake. Amazon has a market cap of over $20 billion even at it's currently depressed price. Amazon's sales for 1999 will be around $1.5 billion and it looks like their losses will be around 40% of revenues! I just hope that BUY.COM can come to market before Amazon collapses. A potential Amazon debacle could trigger the long awaited implosion in the internet sector. The prospect is a little scary even for as solid a company as Softbank.