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

To: Edwin S. Fujinaka who wrote (5128)	5/24/2000 3:04:00 AM
From: Edwin S. Fujinaka	Respond to of 6020

Down 1300 yen to 14,100 yen or $132 at the close in Tokyo. This was posted to the Nikkei Net: Wednesday, May 24, 2000 OTC Stock In Focus: Softbank Technology TOKYO (Nikkei)--The share price of Softbank Technology Corp. (4726) continues to fluctuate wildly. It touched a post-split high of 51,600 yen on March 30, slumped as low as 19,500 in mid-April, and then rebounded back up to 44,000 yen on May 2. Selling to lock in profits has pushed the issue down, and it is now holding in the 20,000 yen range. The provider of e-commerce technology and services is posting robust earnings. It recorded a 501 million yen pretax profit for the fiscal half ended March 31, up 150% on the year. The spread of e-commerce is boosting the firm's business of performing such services for other companies. Softbank Technology is also enjoying growth in building Internet-related infrastructure for corporations. Softbank Technology expects pretax profit to jump 45% to 800 million yen in fiscal 2000 on 11.2 billion yen in revenue, a 48% gain. However, the projected price-earnings ratio of 480 is generating sentiment that the issue is overvalued. Another source of concern is the company's reliance on the Softbank Corp. (9984) group for nearly 30% of its revenue. Softbank Technology's share price is closely tied to the performance of its parent's stock. "For now, the correction in Softbank stock leaves little room to hope for a full-fledged rebound in Softbank Technology shares," says a member of the equities unit at Tokyo Securities Co. (The Nikkei Financial Daily Wednesday edition) --------------------------------------------------------------------------------

To: Edwin S. Fujinaka who wrote (5128)	5/24/2000 3:04:00 AM
From: Edwin S. Fujinaka	Respond to of 6020

Down 1300 yen to 14,100 yen or $132 at the close in Tokyo. This was posted to the Nikkei Net: Wednesday, May 24, 2000 OTC Stock In Focus: Softbank Technology TOKYO (Nikkei)--The share price of Softbank Technology Corp. (4726) continues to fluctuate wildly. It touched a post-split high of 51,600 yen on March 30, slumped as low as 19,500 in mid-April, and then rebounded back up to 44,000 yen on May 2. Selling to lock in profits has pushed the issue down, and it is now holding in the 20,000 yen range. The provider of e-commerce technology and services is posting robust earnings. It recorded a 501 million yen pretax profit for the fiscal half ended March 31, up 150% on the year. The spread of e-commerce is boosting the firm's business of performing such services for other companies. Softbank Technology is also enjoying growth in building Internet-related infrastructure for corporations. Softbank Technology expects pretax profit to jump 45% to 800 million yen in fiscal 2000 on 11.2 billion yen in revenue, a 48% gain. However, the projected price-earnings ratio of 480 is generating sentiment that the issue is overvalued. Another source of concern is the company's reliance on the Softbank Corp. (9984) group for nearly 30% of its revenue. Softbank Technology's share price is closely tied to the performance of its parent's stock. "For now, the correction in Softbank stock leaves little room to hope for a full-fledged rebound in Softbank Technology shares," says a member of the equities unit at Tokyo Securities Co. (The Nikkei Financial Daily Wednesday edition) --------------------------------------------------------------------------------