Word: softbank
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...teams to spend on raiding Japan's top stars. Most MLB teams use stadiums for little or nothing, having strenuously convinced the cities they play in to build new facilities for them. By contrast The Tokyo Giants pay $250,000 a game to use the Tokyo Dome, while the Softbank Hawks pay $40 million dollars a year to use a similar facility in Fukuoka. Says one longtime observer of the situation, "The NPB should file a grievance with the WTO [the World Trade Organization...
...most of them are ready to go. They are attracted to the higher pay and prestige of the major leagues and eager to be free of the rigid Japanese style discipline and the excessive practice of the Japanese system. As expatriate American pitcher Jeremy Powell, who plays for the Softbank Hawks, puts it, "These guys can't wait to get to the States...
...zealot turned WiMax guru Craig McCaw, while others include Irish Broadband in Ireland, Wimax Telecom in Eastern Europe and Unwired in Australia. "It's like a big landgrab," says Ryan Jarvis, founder and chief executive of London-based WiMax start-up Macropolitan. Fixed-line telephone and broadband providers including Softbank in Japan, and BT and Pipex in the U.K., are also getting in on the act. A wireless WiMax network could help fixed-line carriers extract delicious revenge on cellular carriers, which have undermined the fixed-line voice business in recent years...
...world's leading handset vendor, for example, offers at least 12 wi-fi devices, and says it's prepared to offer WiMax phones if the market wants them. Motorola started shipping its A910 wi-fi phone in Europe this month, and is providing WiMax handsets to Japanese provider Softbank for a planned trial. It's enough to make mobile-phone operators long for the days when they knew who their friends were...
...Sideswiped by Livedoor's crash, shares in other merger-hungry firms like Rakuten, Softbank and Yahoo! Japan are still down between 9% and 15%, even though nobody has suggested they did anything illegal. But with the broader Nikkei 225 stock index almost fully recovered from the scandal, there's a sense that the speculative euphoria in Japan is still alive and frothing. After the previous decade of disappointing financial returns in Japan, no one-not the bankers, the investors or even the regulators-has much inclination to believe that Livedoor is anything but an isolated case, or much motivation...