NewsDJ MARKET TALK:Softbank Down 1.7%;Deutsche Keeps Hold Rating
10/29/06 - Dow Jones Newswires
0012 GMT [Dow Jones] STOCK CALL: Softbank (9984.TO) down 1.7% at Y2,570, outpacing Nikkei's 0.9% decline, after news its computer system overwhelmed by flood of applications to switch mobile carriers. Shares could fall to Y2,100, says Deutsche Securities analyst Tetsurou Tsusaka, who has "hold" rating on Softbank; rush of applications likely "mixture of both" new consumers seeking to sign up and customers jumping ship, he says. New rate structure may attract some business, but surveys show firm has highest rate of dissatisfaction among customers, making it a two-way street, he says, adding doesn't expect much change in overall market share against rivals NTT DoCoMo (9437.TO), KDDI (9433.TO) as result of new regulatory regime allowing easier carrier change. (AMS)
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(END) Dow Jones Newswires
October 29, 2006 19:12 ET (00:12 GMT)
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