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

To: Edwin S. Fujinaka who wrote (4954)	4/25/2000 12:20:00 AM
From: Edwin S. Fujinaka	Respond to of 6018

I might add that Softbank was selling at a higher price before the split was announced than today when the split is actually happening. I don't know whether the drop in price was caused by the split announcement or was just part of the general high tech/internet drop. I suspect the latter. The next question is whether having 2/3rds of the Softbank stock tied up for the next two months and unavailable to buy will result in higher share prices. Here again, I tend to agree with Michelda's analysis that the general tendency will be up and we should have a generally rising price for Softbank stock over the next two months. I'm not sure what will happen at the end of the lockup on June 23, but with Nasdaq Japan phasing in and all sorts of IPOs being announced perhaps the rise will continue. The situation doesn't appear to be too bad for the next couple of months and beyond.