Masayoshi Son, the billionaire CEO of Japanese telecom SoftBank, told a news conference in Tokyo that the DISH Network's (NASDAQ: DISH ) counteroffer for Sprint Nextel (NYSE: S ) was "incomplete and illusory."
Son claimed that even though SoftBank's $20.1 billion bid for Sprint was less on paper than DISH's $25.5 billion offer, it still had "superior value," and SoftBank was not going to get into a price war with DISH.
Not pulling any punches, Son laid right into DISH's claim that its bid was worth $7 a share. "Is it right? Is it true? Is it misleading," he asked. "I would say the number is wrong. Totally wrong."
The DISH price per share is actually lower than claimed, said Son, because it proposes completing the deal one year after SoftBank's July 2013 deadline, and it doesn't take into account the $600 million penalty that would be due SoftBank if Sprint backs out.
Best Japanese Stocks To Watch Right Now: Weyco Group Inc.(WEYS)
Weyco Group, Inc. engages in the distribution of men?s foot wear primarily in the United States, Canada, Europe, Australia, Asia, and South Africa. It offers casual, dress, and fashion shoes. The company offers its products under the brand names of Florsheim, Nunn Bush, Stacy Adams, Umi, Brass Boot, and Nunn Bush NXXT. Weyco Group sells its products to shoe specialty stores, department stores, and clothing retailers. As of December 31, 2010, it owned 35 retail stores in the United States and an Internet business. The company was formerly known as Weyenberg Shoe Manufacturing Company and changed its name to Weyco Group, Inc. in April 1990. Weyco Group, Inc. was founded in 1896 and is based in Milwaukee, Wisconsin.
Best Japanese Stocks To Watch Right Now: Sinobest Technology Hldgs Ltd. (T80.SI)
Sinobest Technology Holdings Ltd., an investment holding company, provides computer and network system integration, building integration, application software development, and technical services in the People's Republic of China. It offers e-archive management, social security allied office, public security joint approving, e-document exchange center, e-regulation and policy, e-conference, e-financial management, and performance assessment solutions for the government; and government internal Website portal, short message service, office automation, email, decision making support, information service management, and service management information solutions for public servants. The company also offers online applying and approving, and enterprise information service solutions for businesses; community service, e-Medicare, online applying and approving, public information service, e-identity verification, and hotline service solutions for public; and application support, ser vice application, and network infrastructure solutions. It primarily serves government bureaus and departments, and state-owned enterprises in the sectors of telecommunication service, power supply, railway and transportation, immigration and customs, public security, labor and social insurance, universities, land and resources, taxation and finance, and food and drugs, as well as privately-owned enterprises. The company was founded in 1997 and is headquartered in Guangzhou, the People's Republic of China Sinobest Technology Holdings Ltd. is a subsidiary of Profit Saver International Limited.
Top Regional Bank Companies To Watch For 2014: Konami Corporation (KNM)
Konami Corporation develops, publishes, markets, and distributes video game software products for stationary and portable consoles, and personal computers worldwide. It operates in four segments: Digital Entertainment, Health and Fitness, Gaming and Systems, and Pachinko and Pachinko Slot Machines. The Digital Entertainment segment plans, produces, manufactures, and sells social content for social networks, content for mobile phones, online games, music and video package products, video game software, video games for amusement facilities, content for token-operated games, and card games, as well as electronic toys, figures, and character goods. This segment also builds computer systems related to online games; maintains and operates online servers; and purchases and distributes video game software for home use. The Health and Fitness segment operates health and fitness clubs. As of March 31, 2012, this segment owned and operated 205 fitness clubs; and provided outsourced s ervices at 161 clubs. The Gaming and Systems segment develops and sells content, hardware, and casino management systems for gaming machines for casinos. The Pachinko and Pachinko Slot Machines segment is involved in the production, manufacture, and sale of pachinko slot machines and liquid crystal displays for pachinko machines. In addition, Konami Corporation provides real estate management services; and operates portal sites. The company was formerly known as Konami Co., Ltd. and changed its name to Konami Corporation in 2000. Konami Corporation was founded in 1969 and is headquartered in Tokyo, Japan.
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