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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (9026)	11/22/1997 10:32:00 PM
From: Rational	Read Replies (1) \| Respond to of 18056

Zeev: I learned a lot from CTYS. Companies lie as much as permitted by their lawyers and lawyers allow transmission of patented lies as long as there is no apparent violation of the law or the court cost is not important (e.g., when the company is collapsing). Incidentally, what do you think of YHOO for shorting? As Mohan indicated, it is ballooning through hilium. Substantively, though, Softbank holds 33% of YHOO. Softbank is a Korean/Japanese company. Like most companies in Korea and Japan have heavily borrowed to bet on technological companies (and are now causing troubles to banks due to defaults), Softbank may be in the same predicament. I could not find Softbank's balancesheet to determine its leverage. But, if it has 2/3 of its assets as bank debt (like an average Korean co), the concerned bank will force Softbank to payoff the loans. Since Softbank and YHOO have very little income, the former may be forced to liquidate YHOO stock; enough to start a domino effect. What do you think? Sankar