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

To: TobagoJack who wrote (5363)	7/6/2000 11:54:04 PM
From: Anchan	Respond to of 6018

Commenting Softbank's decision to list its holding companies: -- negative stuff which may turn out to be a good thing; I'm wondering whether I should now switch from Trans Cosmos (down 35% since September, after a 250% rise which I ignored...). Jay-Chen-gloomy-on-Softbank may be marking the valley's bottom.-- (From the Nikkei website) Friday, July 7, 2000 Softbank Hurt By Decisions To Buy NCB, List Units: Analysts TOKYO (Nikkei)--Softbank Corp.'s (9984) share price has been undergoing an increasingly rapid decline. On Thursday the issue closed at 10,700 yen, a low since the stock split and down 43% since its recent high, set on June 22. Analysts point to the agreement to purchase Nippon Credit Bank and the decision to list group holding companies, which oversee operations in different business sectors, as bearish factors behind the slide. The seriousness of the decision to list the holding companies is starting to be felt within the firm, as Yoshitaka Kitao, a Softbank director, notes that the issue is "becoming a major negative." When Softbank on May 26 revealed its plan to list the holding company units, "that was a turning point for the stock," says Yasuo Imanaka at Commerz Securities (Japan) Co. Softbank Finance Corp. this fiscal year is slated to be the first of the holding companies to offer shares to the public. "The move will see investors shifting to Softbank Finance and other issues where their operations are distinct, as opposed to parent Softbank, where it is difficult to evaluate the company because of its various business divisions," says Kota Nakako at UBS Warburg (Japan) Ltd. Nakako also says that uncertainty over the revival of Nippon Credit Bank is another source of concern about Softbank stock. Drops in Nasdaq and the Tokyo Stock Exchange's Mothers market for emerging firms have also prompted lessening expectations of increased profit from the listing of group firms. Softbank is being affected by the fact that "the share price of Morningstar Japan KK (4765), which debuted on Nasdaq Japan on June 23, has been holding below its offering price," says Taku Kumazawa with Wit Capital Japan Inc. (The Nikkei Financial Daily Friday edition)

To: TobagoJack who wrote (5363)	7/7/2000 1:32:11 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 6018

The expert on frenzy value asks me of all people should we buy 9984 at the current price. Naturally I don't know. However I have hopes for Softbank. Almost all banks in Japan are wedded to the concept of lending to your friends or lending to prestigious people or lending to the Yakuza(Japanese mafia). Banks in Canada have a simpler rule: only lend to the big outfits. If Softbank can run Nippon Credit Bank in a different way, the latter might even become a growth stock.