Livedoor fallout?

[gammascalper]

http://www.redherring.com/Article.aspx?a=15359&hed=Livedoor+Fallout+Expands&sector=Industries&subsector=InternetAndServices

It sounds like he's ruffled a few feathers in the establishment along the way.

[sarcle]

I am hoping this doesn't cause panic in the Japanese internet world. It looks though that it may have according to this article.

Yahoo (http://studio.financialcontent.com/Engine?Account=redherring&PageName=QUOTE&Ticker=YHOO) Japan dropped ¥16,000 ($138.90)
(http://studio.financialcontent.com/Engine?Account=redherring&PageName=QUOTE&Ticker=YHOO)


Of course we could also have something like the bursting of the Internet bubble here in Japan.


I don't really like the sound of that. Especially when our names are so close to nearing their introduction's.

Maybe Edwin or Olney will have more insight into the current local state in Japan.

[bwhhisc]

This appears to be a one company scandel (along with its subsidiaries). Hopefully just one days headlines. They are just following suit making very public any debacles similar to our own accounting scandels at Enron, MCI, Adelphia etc.

[Edwin]

It's fluff. A lot of lemmings (read "clueless investors") have rushed to sell, but overall nothing has changed about the wider economy, which is still in firm recovery mode. Oh, the market may still go down for a day or two, but that's about it.

I expect other internet stocks will get pummelled for a bit longer, especially those perceived as having a biz model similar to Livedoor's. However, on the domain front Livedoor had been one of the companies buying up whole portfolios of generics, so that may have a small but noticeable impact on the domaining industry near-term.

[opinion only - I have no investment expertise up my sleeve!]

[Rubber Duck]

It's fluff. A lot of lemmings (read "clueless investors") have rushed to sell, but overall nothing has changed about the wider economy, which is still in firm recovery mode. Oh, the market may still go down for a day or two, but that's about it.

I expect other internet stocks will get pummelled for a bit longer, especially those perceived as having a biz model similar to Livedoor's. However, on the domain front Livedoor had been one of the companies buying up whole portfolios of generics, so that may have a small but noticeable impact on the domaining industry near-term.

[opinion only - I have no investment expertise up my sleeve!]

Perhaps, someone has realized that their Portfolio of Latin Character Generics have been overstated.

I agree, Japan is clearly on the way back and will get some slip stream off the Chinese Economy.

Best Regards
Dave Wrixon