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

To: TobagoJack who wrote (3840)	2/11/2000 9:01:00 PM
From: Yamakita	Read Replies (2) \| Respond to of 6020

Jay (and all), need your input on a possible HUGE home run--Softbank's latest lover, Cheung Wah. Softbank now has about 62% of Cheung Wah shares. The name will be changed to Softbank Investment International. Cheung Wah is an unprofitable garment maker, but Mr. Son wants to turn it into his bigass umbrella Net holding company in China, and will proceed to pack into that vehicle as many compelling Net plays as he can find. I strongly believe that his magic touch will grace Cheung Wah, and the valuation will soon begin a meteoric rise. My logic is thus: someday, perhaps not so far away, Softbank China will be worth a minimum of 1/10 Softbank Japan. Current market cap of 9984 is approx $200 bilsky. Current market cap of Cheung Wah/Softbank Investment International/Softbank China is approx $1 bilsky. One-tenth of 200 bil is 20 bil, or a 20-bagger from today's price. I just put 5 percent of my port into Cheung Wah (HK 0648), at $1.80 (obtained through E*trade, under the symbol CWAHF). Opinions please. Yamakita ~~~ From Marketwatch: Back-door listing in Hong Kong Just as many in Tokyo are kicking themselves for not buying Yahoo Japan when it listed a couple years ago at around 2,000,000 yen, some Hong Kong investors might one day (soon) say: Remember when shares of Cheung Wah Development Co. traded at a mere HK$0.31 (roughly four U.S. cents)? That was last week. The unprofitable garment maker's stock spiked 640 percent Thursday to HK$9.85, from the previous day's close of HK$1.35. The reason: a leak to the market confirmed. Japanese Internet supremo Softbank Corp. said it has agreed to pay HK$207.5 million ($26.7 million) for a 61-percent stake in Cheung Wah. The rationale is straightforward. Softbank chief Masayoshi Son believes China will have more Internet users than the U.S. and Japan by the middle of the decade. Now he'll have a local, publicly traded fund-raising vehicle for his technology and Internet investments in the Middle Kingdom. Shareholders of Cheung Wah must first approve the transaction, which would transform their company into Softbank Investment International (Strategic) Ltd. If a 640-percent spike in the share price weren't enough to convince them, they need only consider what's happened to shares of other majority-owned Softbank companies, like, say, Yahoo Japan.

To: TobagoJack who wrote (3840)	2/11/2000 9:58:00 PM
From: Yamakita	Respond to of 6020

I just started a new thread on Cheung Wah--hoping my friends here will join me over there and contribute. Subject 33384

To: TobagoJack who wrote (3840)	2/12/2000 2:57:00 AM
From: TobagoJack	Respond to of 6020

Break from Saturday B-plan/valuation work. Got e-mail note - Continued basket watching by friends from the investment world ... I have to break and go get a reflexology treatment until my eye balls pop out, as the tension is doing its thing on me. QUOTE Sounds interesting.. have to find out if this is an institutional play or retail. The partners (MS & Soly) don't usually play together - like oil and water - so to co-invest means something is up. Just wonder what it is ... lets keep track TRADESCAPE.com, Inc. to Acquire MarketXT TRADESCAPE.com(tm), Inc. (TRADESCAPE.com), an "active trading" e-broker, today announced that it has entered into a definitive agreement to acquire MarketXT(tm), Inc. (MarketXT), a recently authorized Electronic Communications Network (ECN). The new organization is backed by investment partners including SOFTBANK Finance, Morgan Stanley Dean Witter, Salomon Smith Barney, Bernard L. Madoff Investment Securities and Warburg Pincus Ventures. SOFTBANK Finance will lead a new round of financing to raise up to an additional $100 million of new capital for the combined entity. SOFTBANK: www.softbank.com MarketXT: marketxt.com Press release: biz.yahoo.com UNQUOTE