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  • The new day in Japan has brought a new offer from SoftBank for Sprint (S), with the Japanese carrier increasing its bid to $21.6B from $20.1B. SoftBank's latest offer would also mean $4.5B more cash for shareholders and would give the Japanese carrier 78% of Sprint. The proposal compares with Dish's (DISH) bid of $25.5B. Shareholders were due to vote Wednesday but because of today's gamesmanship the vote has reportedly been postponed. [View news story]
    What does Charlie know about LTE ? Which if he does know anything where does he expect to get the cash to finance the network currently being built by Sprint after he spends his last penny, max's his credit and debt ? No wonder why Verizon and ATT sit back and patiently wait, like Sharks in the water, waiting to gobble this little fish called Charlie.
    Jun 11, 2013. 09:52 AM | Likes Like |Link to Comment
  • Dish (DISH) responds to SoftBank's (SFTBF.PK) higher offer for Sprint (S) simply by stating it will review its options. Paulson & Co. (7%+ stake in Sprint) backs SoftBank's revised bid, which goes to a vote on June 25. The new offer increases the cash given to Sprint investors to $5.50/share from $4.02/share, raises SoftBank's offer price for investor shares to $7.65 from $7.30, and raises the price of SoftBank's $1.9B investment in Sprint to $6.25/share from $5.25/share. But it also gives SoftBank a 78% stake (up from 70%), and $3B of the extra $4.5B in investor cash is being diverted from Sprint. Clearwire (CLWR) remains a wild card for both sides. [View news story]
    There is no way Dish can compare to SoftBank's offer, whether previously or even now, Dish is buried in Debt and does not have the experience or access to the technology required to keep pace with the constant changes of the wireless industry. Charlie would be much better off to seek a partnership with Softbank.
    Jun 11, 2013. 09:05 AM | Likes Like |Link to Comment
  • The headaches continue for the grocery store sector (SVU, KR, SWY, RNDY, HTSI) as Amazon and Wal-Mart (WMT +0.4%) circle around like hungry vultures. Though both companies are only in the early stages (AmazonFresh, Neighborhoods Market) of their grocery initiatives, analysts think their considerable distribution prowess makes them a long-term threat. Reuters' Jessica Wohl has the factoid of the day: "A Walmart grocery distribution center can house up to 4 million bananas at one time." [View news story]
    Nothing is going to beat going to the grocer and hand picking your own produce. Amazon may do well with canned goods. When it comes to fresh Fruits and Veggies, Milk, and eyeballing the Marble in your fresh Meats and Fish, I'm sticking with Kroger.
    Jun 6, 2013. 10:41 AM | 2 Likes Like |Link to Comment
  • Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that Sprint's (S) shareholders vote for SoftBank's (SFTBF.PK) $20.1B bid for the U.S. carrier, saying that the deal would provide Sprint with the money it needs to purchase more spectrum and complete the upgrade of its network. ISS's view comes after peer Egan-Jones recommended that Sprint's investors reject SoftBank's offer. ISS didn't provide an opinion about Dish's (DISH) bid for Sprint, as the proposal hasn't yet been presented to shareholders. [View news story]
    the Money is in Softbank...!!
    Jun 2, 2013. 07:20 PM | Likes Like |Link to Comment