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


To: Edwin S. Fujinaka who wrote (4319)3/9/2000 3:09:00 AM
From: Edwin S. Fujinaka  Read Replies (1) | Respond to of 6020
 
Another downgrade as reported on Bloomberg. West LB is a smaller brokerage house in Japan:

Softbank Corp. (9984 JP ) plunged 16,000, or 12
percent, to 114,000 and was the most active stock by value, with
133.6 billion yen in shares changing hands. Japan's largest
Internet investor fell on concern shares were overvalued.
``Softbank is one of the companies which represent `New Japan,'
but the market thinks that at above 90,000 yen' it's overvalued,
said Fiachra MacCana, head of equity research at West LB
Securities (Japan) Ltd.