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Technology Stocks : Softbank Investment International (HK0648) -- Ignore unavailable to you. Want to Upgrade?

To: Heddon who wrote (11)	2/13/2000 12:09:00 AM
From: chalu2	Respond to of 615

Did you say only $3.8 billion?

To: Heddon who wrote (11)	2/13/2000 12:24:00 AM
From: Yamakita	Respond to of 615

Yes, you appear to be right. I was worried that a lot of new shares would be issued. It's VERY difficult to get an accurate count; it looks like all we have to go on is the official 750 million shares, plus the new 1.15 billion owned by Softbank. The story reports that it took a 61.5% stake. 61.5 percent of 1.9 billion shares is about 1.16 billion, so that looks right. Current market cap is $3.8 billion. Still peanuts, given what it is, and who's behind it, but much more than the $1 billion I quoted above. Thanks for ferreting that out.

To: Heddon who wrote (11)	2/13/2000 12:34:00 AM
From: Yamakita	Respond to of 615

One more correction: I stated earlier that Softbank's market cap was about $200 billion--I don't know what I was drinking, but it's actually about $148 billion today (100 million shares x $1480). The share counts in HK are awfully high. People must like their stocks REALLY low priced .... anyone got an explanation of that?