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To: Bill Harmond who wrote (3134)11/23/1997 2:59:00 AM
From: Rational  Respond to of 27307
 
William:

I agree: The won is collapsing, making it even easier for Softbank to make payments. won has gone down by about 3%, lately. It has not collapsed like other SE Asian currencies. But, the devaluation means that Softbank will likely be tempted to sell US assets, given that Japanese stocks are still under valued. Further, if Softbank paid far less than $25 a share, they will have no remorse in selling YHOO at even 50% of the current price. Their own stock has come down considerably -- Do you know the current price?

Sankar