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

To: manohar kanuri who wrote (5330)	6/28/2000 8:38:00 PM
From: TobagoJack	Read Replies (1) \| Respond to of 6018

Just returned to Hong Kong. Tried to grab on to the railings in Hawaii so as to not get swept up into the airplane out of the garden. Many gadget shopping trips to CompuUSA and the SpyShop (wireless video cameras the size of match box for less than $400). Crossed path with wife in Hawaii for 36 hours as she goes hunting for funds to feed the Asian private equity/VC monster. The monster's appetite is large but the feed seems plentiful still, atleast amongst the Chinese communities from Hawaii to SF/LA to Germany. B2B no longer rings the bells of the professional money managers, and do not even wisper B2C. B2C is simply another little shop front on the streets of Wanchai, valued at % of book value. Wireless infrastructure, enabling hardwares, and software interfaces (more along the lines of application services as opposed to simply codes that constitute yet another browser) is still fashionable and sounds the gongs. And so now I work on www.wirelessidea.com business plan in exchange for 1% equity at the A round valuation. Difficult to buy breakfast at the Big Mac using private equity paper. But collecting the paper is still fun, until it is time to earn some real currency. The shakeout has been good for the VC industry, and hopefully good for our Softbank. For a moment in early 2000, every Tom and his dog was waving a business plan, or simpler still, aggregating a wannabe publicly listed business planning team and doing a reverse takeover of a comatose listed company. My buddies and I were feeling inadequate as we did not have a publicly listed shell to propell the wealth transfer revolution to the next level for ourselves. And now, those that had arrogantly left us behind has come back, wanting to sell their good and bad ideas in exchange for employment contracts with the healthy i.net and e.com companies in the private equity basket. There are healthy i.net and e.com companies within the private equity basket, i.e. www.magicaldesk.com has 10 large customers, 36 months of cash for fuel, less than 30 employees, and has 30 deals in the pipeline to be announced closer to IPO date and should be cashflow positive within 12 months. One of the 30 to be announced deals is with the largest wireless company in the world - not yet able to say whether it is by subscriber or revenue or valuation. By the looks of things, the revolution is still progressing, less the frenzy. Safe plays would presumably be Sony, AOL/TWX, CHL, 5801 and after such a tanking, 9984. Safer still would be NEM and MO. Looking enviously at the biotech genome train ... too late for that one unless there is a summer dunking ahead.