Jemand News zu Softbank ? 900 Euro Einstiegskurs ? o.T.

yen in net unrealised gains on its investments in publicly listed Web-related firms across the globe, according to calculations at
the start of trade on Friday.

BAD TIMING

``The report comes at a bad time, just when investors are becoming more selective about high-tech shares as a whole,'' said
Kota Nakako, an analyst at Warburg Dillon Read.

The report came only two days after Softbank said it sold its holdings in anti-virus software maker Trend Micro Inc
(NasdaqNM:TMIC - news) for about 66.9 billion yen, creating the impression that it has few options for generating cash
besides selling shares it holds in other companies.

With Softbank, headed by billionaire Masayoshi Son, extending its reach further into Internet startups by setting up a series of
venture funds across the globe, analysts say more such sales of its holdings are likely.

But analysts doubted whether Softbank would dare to issue new shares at this time, after its share price had already lost half its
value over the past month as investors grew nervous about valuations of high-flying Japanese Internet-related shares.

The reported new share issue would amount to only three percent of Softbank's total market value, so it would not cause much
dilution, they said, but Softbank would have to deny it plans any issue in the immediate future of new shares if it wants to stem a
further fall in its shares.

But Softbank is likely to continue to attract buying by investors who feel they must hold the issue -- one of Japan's core Internet
stocks -- in order to diversify their portfolios.

``You don't have to be too pessimistic,'' said Soichiro Fukuda, an analyst at IBJ Securities.

He said Softbank shares would likely get a lift from the launch in June of Nasdaq Japan, where many companies in which
Softbank has invested are planning to make initial public offerings. Those offerings are expected to boost unrealised profits on
Softbank's shareholdings.

BID FOR FAILED BANK STIRS UNCERTAINTY

Nakako said that, in theory, Softbank shares could find support around 60,000 to 70,000 yen given the current unrealised
value of its stakes in other firms, including Internet portal Yahoo Inc (NasdaqNM:YHOO - news), the diamond in the crown of
its holdings.

Another factor clouding the outlook for Softbank is its leading role in a takeover bid for failed Nippon Credit Bank, which
would require it to pay a large part of the 101 billion yen takeover price.

``The takeover bid makes it look like Softbank has deviated a bit from its original Internet strategy, which should be based on
low-cost, flexible operations,'' said Nakako. ``Its strategy now looks less clear and more complicated to us.''

Credit rating agency Moody's Investors Service in January upgraded Softbank's long-term debt rating to Ba3, but that is still a
speculative grade.

Senior Moody's analyst Naoki Takahashi said that, although Softbank can raise cash whenever it wants by selling its holdings in
listed firms, it will find it hard to raise its ratings to investment grade.

One risk factor for bond holders, he said, is its business model, under which subsidiaries pay no dividends to the parent holding
company -- and thus generate no cash.  

Ich habe es versäumt zu verkaufen, und jetzt lohnt es auch nicht mehr !

Geht es noch viel tiefer, oder wird man jetzt die Chance nutzen, wieder einzusteigen?????

Wie geht es weiter????

Ich danke für jeden Rat ! ! !

Gruß
Dathie