Feeds

Softbank makes $12 billion from Web – on paper

Nice get if you can work it...

  • alert
  • submit to reddit

High performance access to file storage

Transnational cyber-mover and shaker Softbank boasted yesterday that it had made $12.5 billion on paper via its investments in nine companies. This is (apparently) quite a turnaround for the Japanese company that even the Japanese were starting to have severe doubts about a while back. It should also provide further grist to the mill of at least one analyst (see Analyst slams Softbank investments) with some interesting theories about Softbank and its Web investments. Softbank's gains come largely via the wonderful Web stock boom, rather than through investment in wonderful profit-making companies. For example, it has made $10 billion on paper from its 31 per cent stake in Yahoo, and then in second place, $853.8 million from E*Trade Group. Excitingly, the company made $295.8 million from Ziff-Davis, which IPOed last year and most certainly doesn't make money itself. Au contraire, it's sitting on a debt mountain it acquired via the restructuring associated with the IPO, and hoping to pay some of it off by issuing a tracking stock in ZDNet. Softbank also, to be fair, made $323.9 million from its stake in Trend Micro, which was projected to make $30 million pre-tax over 1998. According to Softbank, only one of its investments, games publisher GT Interactive, lost it money ($24.9 million). ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.