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

To: TobagoJack who wrote (3787)	2/10/2000 3:54:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6020

Softbank opened up 86 euros in Frankfurt and is sitting at 1365 euros or $1354 US. Not a bad followup to the close in Tokyo of $1362. I believe that both those numbers exceed the highest close in the US of $1340 if I recall correctly. Here's some general comments on the Tokyo market and some more commentary on the Softbank 150 billion yen fund: Wednesday, February 9, 2000 TSE 1st Section Market Cap Recovers To 78% Of '89 Peak TOKYO (Nikkei)--The aggregate market capitalization of companies listed on the first section of the Tokyo Stock Exchange stood at about 470 trillion yen at the end of trading Wednesday, recovering to 78% of the peak level of 606 trillion yen seen in late 1989. The Nikkei Stock Average settled above 20,000 for the first time in two and a half years, though the index was still at around half of its all-time high of 38,915. Soaring prices for information and communications stocks are one reason that the market capitalization figure has rebounded at a faster pace than the Nikkei index. On June 16, 1997, the Nikkei average reached 20,681 and aggregate market capitalization totaled 367 trillion yen. This month, however, few of the companies dominating the market-cap list in 1997 were still in top positions. Only three companies -- Nippon Telegraph and Telephone Corp. (9432), Toyota Motor Corp. (7203) and Bank of Tokyo-Mitsubishi (8315) -- were in the top 10 on both dates. On Wednesday, NTT Mobile Communications Network Inc. (NTT DoCoMo) (9437) had the highest market capitalization. The company's stock price has risen sharply on the popularity of cellular phones since its listing in October 1998. Among other new faces in the top 10 are Softbank Corp. (9984) and Hikari Tsushin Inc. (9435), although both were traded over-the-counter in 1997. The banking sector has suffered a steep decline in market capitalization. In June 1997, six banks, including BOT-Mitsubishi, Sumitomo Bank (8318) and Fuji Bank (8317), were counted among the top 10. Gains by sector-specific stock indexes in nine industries, including communications, trading, precision machinery, services and electrical machinery, surpassed the 55% growth rate for the Nikkei Stock Average from Oct. 9, 1998 through Wednesday. The Nikkei's lowest point since the end of the bubble era was hit on Oct. 9, 1998 at 12,879. Related Story: Nikkei Closes Above 20,000 For 31-Month High (The Nihon Keizai Shimbun Thursday morning edition) -------------------------------------------------------------------------------- Wednesday, February 9, 2000 Softbank To Set Up Japan's Biggest Net Venture Cap Fund TOKYO (Nikkei)--Softbank Corp. (9984) will in late March set up a 150 billion yen fund to invest in domestic start-ups operating in the Internet field. It will be Japan's largest fund targeting the sector. The company initially planned to establish a 50 billion yen pool but upped the amount because interest from institutional investors was so high. Another reason was that more small companies requested investment than expected. Wholly owned subsidiary Softbank Finance Corp. will collect 100 billion yen from outside investors and put up 50 billion yen of its own money. Softbank Investment Corp., another group subsidiary, will be in charge of managing the fund. It intends to invest a total of 100 million yen in 1,500 firms. Softbank already has one other fund in operation. Created in July, it has 12.3 billion yen under management. (The Nihon Keizai Shimbun Wednesday morning edition) --------------------------------------------------------------------------------

To: TobagoJack who wrote (3787)	2/10/2000 6:10:00 AM
From: Anchan	Read Replies (1) \| Respond to of 6020

Jay, you hold AOL/TWX. Do you see this a security cushion, i.e. "it can't fall below where it is" or do you see a significant rise soonish? (Still waiting for my stocks to rise enough to let me get into Softbank -- but every time it seems near, Softbank leaps up again.)

To: TobagoJack who wrote (3787)	2/10/2000 10:35:00 AM
From: manohar kanuri	Read Replies (3) \| Respond to of 6020

If gold rust, what shall iron do? Good question. Something to think about. And contemplate the leap out/crisis of faith....Alan hoping for chinese torture solution perhaps... whittle down in steady quarters. Cisco and optics -- behind the trillion$ mkt cap projection for the US parent (= ~$275-300/share). Gotta love the company that reinvents itself every two years. Rebasing (again) next couple of quarters? People want it. They will have it... Trouble understanding your NM play. No more central bank price cap? Crash insurance?