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

To: TobagoJack who wrote (4312)	3/8/2000 11:01:00 PM
From: manohar kanuri	Read Replies (1) \| Respond to of 6020

When/how did Furukawa fall from grace? I thought you liked it muchly.....did it bite back? If you'd rather forget it, of course, we can go on to.... ....the coconuts? Have they been picked yet? I read you saying you'd bought some of the farm itself.

To: TobagoJack who wrote (4312)	3/8/2000 11:07:00 PM
From: Jonas1	Read Replies (2) \| Respond to of 6020

Jay: Softbank's buddy is hurting too! (HT) From: biz.yahoo.com See comments on Hikari Tsushin: ************************************************* Wednesday March 8, 10:00 pm Eastern Time Nikkei higher at midday, TOPIX down on Softbank TOKYO, March 9 (Reuters) - Tokyo stocks were mixed by midday on Thursday, with the key Nikkei average supported by gains in bank shares while the broader TOPIX index was dragged lower by losses in large-cap issues such as Softbank Corp . By midday, the benchmark Nikkei average had risen 118.74 points or 0.60 percent to 19,885.54. The capital-weighted TOPIX index (^TOPX - news) of all first-section shares fell 2.04 points or 0.12 percent to 1,659.10. ``Players continued to rush to take profits in Internet stocks like Softbank and Hikari Tsushin Inc ahead of the (business) year-end,' said Masayoshi Okamoto, a trader at Jujiya Securities Co Ltd. ``They (Internet stocks) seem to be in a vicious circle of price declines, with one sell-off prompting more price falls.' Softbank fell 10.77 percent to 116,000 yen, while Hikari Tsushin tumbled 16.55 percent to 116,000. Large-cap Internet stocks have been hit hard by investors seeking to lock in gains in their shareholdings by the end of business year on March 31. The March futures contract <0#JNI:> rose 90 points to 19,880. The banking sector topped the list of major percentage gainers on the first section of the Tokyo Stock Exchange amid hopes of more restructuring in the industry following news of a merger between Germany's Deutsche Bank AG and Dresdner Bank AG . A supervisory board member of Deutsche Bank on Wednesday confirmed plans for a full merger with Dresdner Bank that will create the world's largest bank. Fuji Bank Ltd jumped 9.32 percent to 938 yen, Sanwa Bank Ltd gained 7.44 percent to 1,068 while industry leader Bank of Tokyo Mitsubishi rose 4.64 percent to 1,444. Oracle Corp Japan surged 12.35 percent to 91,000 after business daily Nihon Keizai Shimbun said the Japanese subsidiary of the U.S. data software company Oracle Corp (NasdaqNM:ORCL - news) is to list its shares on the first section of the Tokyo Stock Exchange in April. Oracle Corp Japan shares currently trade on the over-the-counter (OTC) market. Other large-cap, high-technology shares traded on the OTC market were also up, tracking gains in Oracle Corp Japan. Business technology consultant firm Obic Business Consultants (OBC) was up 10.77 percent to 72,000 yen, Internet service provider InterQ Inc gained 14.29 percent to 72,000, while home game software maker Square Co Ltd jumped 13.16 percent to 17,200. The Nikkei OTC index (^NOTC - news) advanced 3.75 percent to 2,488.30. Volume on the Tokyo Stock Exchange's first section totalled 347.71 million shares, up from 310.74 million in Wednesday's morning session. In the broader market, advancers outnumbered losers 663 to 520, while 196 shares remained unchanged. Other index movements and stocks on the move: -- The Nikkei 300 rose 2.11 points or 0.69 percent to 308.54, and the second-section index inched up 1.57 points or 0.05 percent to 2,914.10. -- TDK Corp gained 7.35 percent to 11,540, following news on Wednesday that the world's largest maker of magnetic recording media is buying U.S.-based Headway Technologies Inc, which provides recording head products to computer hard disk drive makers, for $122 million. -- The Finance Ministry said shortly before the market opening that large Japanese companies' business sentiment improved in the January-March period compared with the previous quarter. In a quarterly survey by the ministry, the diffusion index for sentiment at large companies stood at plus 4.9, compared with a revised plus 1.5 in October-December. Koji Hatano, strategist at Sakura Institute of Research, said the market has already factored in expectations that the economy is gradually improving and the results are unlikely to have substantial impact on share prices. ******************************** Jonas