Majority of Sprint has been sold to the Japanese

[Pete]

http://www.businessweek.com/news/2012-10-14/billionaire-son-bets-on-sprint-as-softbank-shares-plunge-tech

“Son’s a gambler,” said Hideto Fujino, chief investment officer at Rheos Capital Works Inc., which manages about 25 billion yen including Softbank shares. “Softbank’s balance sheet will be damaged, and its earnings may be hit. It isn’t clear that Son can improve on an unprofitable Sprint.”

Son is pursuing an acquisition strategy that counts on smartphone users migrating to the faster wireless networks owned by Sprint and Japanese competitor eAccess Ltd. to surf the Web and download videos and music. Softbank is looking to ride the fastest growth in mobile communications since 3G started rolling out a decade ago.

My bet is with the Japanese river boat gambler.  Go get 'em Sprint. 

[Daiji]

I read about that. I am on Sprint and am happy to see some new life in the company hopefully. The addition of Clearwire will bring in some new subscriptions and hopefully the 4g build-out will end up in Colorado soon.

[Pete]

Maybe one or two of our cell phone insiders will stop in and let us know what the deets are on the deal?

Most importantly, will Hesse get to continue to feature himself prominently as the face of the company? 

[pissclams]

the deets are all out there, $3B to Sprint, $12B in existing stock and $8B in new shares.

hesse will remain CEO.   

[8manpick]

Man, before I clicked on the link, I thought that some elite billionaire's son had bought a bunch of Sprint.

[Pete]

the deets are all out there, $3B to Sprint, $12B in existing stock and $8B in new shares.

hesse will remain CEO.

Thoughs aren't the real deets.

I'm talking about the cultural impact and future strategy on layoffs, etc.  Haven't you seen Gung Ho?

[pissclams]

ya i saw gung ho at the theater, not sure what video format  you saw it on but i doubt it was in the theater, but anway-

here's my take - i wouldn't expect too much from a reorg/layoff perspective, but maybe i'm wrong.  i perceive this as a move on softbank's part to grow sprint's terrible margin.  it would be hard for them to layoff existing FTEs and bring in a new crew to run the operation and be successful. 

sprint can use the $3B to retire some of their debt which instantly increases OIBDA, as well as solidify the funding of sprint's network vision program which will also add to efficiency and increase margin.  the result is that the $20B in stock that softbank just bought goes up a lot.

[Mr Bread]

the deets are all out there, $3B to Sprint, $12B in existing stock and $8B in new shares.

hesse will remain CEO.

Thoughs aren't the real deets.

I'm talking about the cultural impact and future strategy on layoffs, etc.  Haven't you seen Gung Ho?

Norm PI-ing the hell out of some Japanese broad in a grocery store?

[TheHamburglar]

the deets are all out there, $3B to Sprint, $12B in existing stock and $8B in new shares.

hesse will remain CEO.

Thoughs aren't the real deets.

I'm talking about the cultural impact and future strategy on layoffs, etc.  Haven't you seen Gung Ho?

Norm PI-ing the hell out of some Japanese broad in a grocery store?

 

[SdK]

*phew* I thought it was just all that masturbating I did to porn on my phone.

[Dugout DickStone]

the deets are all out there, $3B to Sprint, $12B in existing stock and $8B in new shares.

hesse will remain CEO.

Thoughs aren't the real deets.

I'm talking about the cultural impact and future strategy on layoffs, etc.  Haven't you seen Gung Ho?

Norm PI-ing the hell out of some Japanese broad in a grocery store?

That was some PI'ing

[kim carnes]

ya i saw gung ho at the theater, not sure what video format  you saw it on but i doubt it was in the theater, but anway-

here's my take - i wouldn't expect too much from a reorg/layoff perspective, but maybe i'm wrong.  i perceive this as a move on softbank's part to grow sprint's terrible margin.  it would be hard for them to layoff existing FTEs and bring in a new crew to run the operation and be successful. 

sprint can use the $3B to retire some of their debt which instantly increases OIBDA, as well as solidify the funding of sprint's network vision program which will also add to efficiency and increase margin.  the result is that the $20B in stock that softbank just bought goes up a lot.

this was fantastic.