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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (3093)	11/22/1997 8:12:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 27307

Softbank is a publishing, software and peripheral distributing conglomerate.

To: Rational who wrote (3093)	11/22/1997 8:41:00 PM
From: Rational	Read Replies (1) \| Respond to of 27307

Santosh: I just found out that Softbank is a Japanese/Korean company. I would like to have their balance sheet to look at their debt. A lot of Korean and Japanese firms have borrowed heavily to bet on technological firms and are now defaulting; this has caused the banking mess in both Japan and Korea. If Softbank is one of those heavily indebted firms, it may be forced to liquidate most of its 33% YHOO holdings. Watch out there may be a steep fall, if indeed Softbank has borrowed heavily. It may have planned for receiving income (?) from Yahoo to pay off the loans, but it may have to sell Yahoo stock, IMHO. Sankar From YHOO Q10: NOTE 8 - YAHOO! KOREA During August 1997, the Company signed a joint venture agreement with SOFTBANK, a holder of approximately 33% of the Company's Common Stock at September 30, 1997, and other SOFTBANK affiliate companies whereby Yahoo! Korea was formed to develop and operate a version of the YAHOO! Internet Guide in the native Korean language. The parties have invested a total of $1,000,000 in proportion to their respective equity interests. The Company has a majority share of approximately 60% in the joint venture, and therefore, has consolidated the financial results, which were insignificant during the quarter.

To: Rational who wrote (3093)	11/22/1997 8:45:00 PM
From: Rational	Read Replies (1) \| Respond to of 27307

News Alert from Nightly Business Report via Quote.com Quote.com News Item #4615567 Headline: The IMF Promises To Bail Out South Korea ====================================================================== PAUL KAGAS: The International Monetary Fund today promised quick action on a multi-billion dollar aid plan for South Korea. The IMF says an adjustment program could help shore up financial systems throughout southeast Asia but as Darren Gersh reports, South Korea may need far more help than first thought. DARREN GERSH, NIGHTLY BUSINESS REPORT, CORRESPONDENT: This is a good place to see where the Korean economy went wrong. Betting on ever rising demand for computers, Korean conglomerates ramped up their production of memory chips. Unfortunately, companies throughout southeast Asia did the same thing. Capacity soared and prices of memory chips collapsed, down more than 80 percent in 1996 alone. ANDREW SZAMOSSZEGI, ECONOMIC STRATEGY INSTITUTE: It's a vicious cycle. Korean companies have invested very heavily in certain product areas. They've exported, they've planned to make a lot of exports. They haven't been able to make those exports and now they can't pay back their loans. GERSH: Much the same thing happened in automobiles where hopes for big profits in the United States fell flat. Over capacity in steel has driven two manufacturers into bankruptcy. Making matters worse, Korean companies are also highly leveraged, carrying an average debt ratio three times higher than U.S. companies. With the banking system under stress, Korean President Kim Yong-sam had little choice but to seek a quick infusion of cash from the IMF. But longer term, analysts say Korea may be forced to let one of its massive conglomerates go bust. SZAMOSSZEGI: It's not a pretty sight because in Korea unemployment's about 2.7 percent. Nobody's used to getting laid off because there are actual legal restrictions against laying people off and so this is going to be very, a very wrenching experience.