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Old Oct 14, 2012, 06:39 PM   #26
Ayemerica
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450shares purchased at 2.33..yes i am happy.
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Old Oct 14, 2012, 06:40 PM   #27
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AT&T should play the patriotism card. "If you want to support your country, select AT&T!*"

*Decent service not included.
AT&T: Buy American! (no matter how much it sucks)
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Old Oct 14, 2012, 06:50 PM   #28
HMI
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staying american with at&t
I think you mean " staying American with AT&T "
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Old Oct 14, 2012, 06:59 PM   #29
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Originally Posted by dontwalkhand View Post
I can imagine Americans thinking that Sprint is now owned by a Japanese bank.[COLOR="#808080"]
er why? Softbank used to distribute "software". That's its original foundation a bank of software. do i think of a river when i see a bank?
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Old Oct 14, 2012, 07:07 PM   #30
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They won't be able to rebrand Sprint as "SoftBank". There are actually legal restrictions on US companies operating with the word "Bank" in their name, without using an alternate spelling such as "Banq" or "Banc".
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Old Oct 14, 2012, 07:21 PM   #31
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Originally Posted by sineplex View Post
er why? Softbank used to distribute "software". That's its original foundation a bank of software. do i think of a river when i see a bank?
/me Thinks you're reading too much into it. it's fairly obvious, and you know it why people might think "SoftBank" is an actual bank.
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Old Oct 14, 2012, 07:23 PM   #32
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crap, maybe i shouldn't have sold all my shares on Thursday... i have a feeling Sprint will skyrocket again tomorrow based on this news. Just on rumors the stock rose up to 19% in a day. Now it's the real deal TBA tomorrow.
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Old Oct 14, 2012, 07:47 PM   #33
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Looking like sprint might become a real competitor.
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Old Oct 14, 2012, 07:48 PM   #34
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Originally Posted by sineplex View Post
er why? Softbank used to distribute "software". That's its original foundation a bank of software. do i think of a river when i see a bank?
Arguing for the sake of arguing, eh? It's obvious why people might think SoftBank is a bank, and no, I don't think of a bank of software when I see a bank.
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Old Oct 14, 2012, 07:49 PM   #35
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The purchase is a huge one for Softbank, which is essentially making a $20 billion gamble that it success in developing LTE wireless services in its home market of Japan can be translated to the U.S. Sprint
Putting the poor quality of English in the OP comment aside: Speaking as a Japanese resident and former Softbank customer, I'd ask "What success?" I appreciate they have grand plans and have made a lot of promises, but so far they have very very limited coverage in their "home market".
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Old Oct 14, 2012, 07:55 PM   #36
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Originally Posted by ideapower View Post
They won't be able to rebrand Sprint as "SoftBank". There are actually legal restrictions on US companies operating with the word "Bank" in their name, without using an alternate spelling such as "Banq" or "Banc".
Or SoftBank Mobile will change their name once again.
I've been with them for a little over 10 years now, back when they were called "J-PHONE," after what they went as "Vodafone Japan" for a few years.
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Old Oct 14, 2012, 07:58 PM   #37
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Originally Posted by iansilv View Post
What is this going to do to the stock price tomorrow?
It will open at or close to the offer price and sit there until the transaction is complete.

So share holders can sell now or wait until the transaction is complete at which time their share accounts will be automatically credited.
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Old Oct 14, 2012, 08:32 PM   #38
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This is going to be Deutsche Telekom and T-Mobile all over again.
I can easily see SoftBank trying to get rid of Sprint in the near future like gum stuck to the bottom of the sole.
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Old Oct 14, 2012, 08:37 PM   #39
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Originally Posted by ideapower View Post
They won't be able to rebrand Sprint as "SoftBank". There are actually legal restrictions on US companies operating with the word "Bank" in their name, without using an alternate spelling such as "Banq" or "Banc".


Citibank
Bank of America
TD Bank
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Old Oct 14, 2012, 08:42 PM   #40
MarqueeK
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Originally Posted by swy05 View Post


Citibank
Bank of America
TD Bank
I think he means, to have 'Bank' as part of a brandname, you have to actually be a bank.
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Old Oct 14, 2012, 08:49 PM   #41
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Originally Posted by iansilv View Post
What is this going to do to the stock price tomorrow?
I'm guessing its going to open around $7.00 and pretty much stay there. There is no point of getting it the morning after the market opens, because it will already be at its high.
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Old Oct 14, 2012, 08:52 PM   #42
nw9
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If Softbank can help make Sprint more competitive then I'm all for this new partnership. The US needs more competition when it comes to cell phone carriers. I'm tired of this mostly duopoly between Verizon and AT&T. T-Mobile and Sprint needs to be more competitive to gives us all real competition between the carriers.

More money is really what T-Mobile and Sprint needs. They need the money to improve their infrastructure to give people fast and reliable connections. Once they do that they will be competitive to Verizon and AT&T.
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Old Oct 14, 2012, 08:58 PM   #43
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If a foreign corporation is going to eat up Sprint.... I'd rather it be the Japanese than the Chinese.

I have little trust in Chinese multinational corporations, as evidenced by the recent news of Huawei and ZTE on the verge of being black-listed by the US and Canadian governments (due to their ties to the Communist Party, People's Liberation Army, and their involvement in espionage against the USA).
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Old Oct 14, 2012, 09:13 PM   #44
ideapower
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Originally Posted by swy05 View Post


Citibank
Bank of America
TD Bank
Exactly. Those are banks. SoftBank is not a bank. Sprint is not a bank. Where's your confusion?
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Old Oct 14, 2012, 09:15 PM   #45
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Originally Posted by KdParker View Post
Looking like sprint might become a real competitor.
Not a chance in h3ll if Softbank applies the same management principles it applies in Japan. It is well known as the worst of the (generally bad) Japanese carriers.

Japan has long had the most innovative handsets, but the services and plans are some of the worst in the world. And Softbank is the worst of a bad lot.
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Old Oct 14, 2012, 09:24 PM   #46
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Who cares?
I care! I bought shares in Sprint right before the iPhone launched on it hoping for it to shoot up, but so far its been a disaster!
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Old Oct 14, 2012, 09:29 PM   #47
swy05
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Originally Posted by ideapower View Post
Exactly. Those are banks. SoftBank is not a bank. Sprint is not a bank. Where's your confusion?
The other guy cleared it up for me. Thought you were talking about all companies in general since it wasn't mentioned anywhere in your post.

Thanks though.
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Old Oct 14, 2012, 09:38 PM   #48
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They won't be able to rebrand Sprint as "SoftBank". There are actually legal restrictions on US companies operating with the word "Bank" in their name, without using an alternate spelling such as "Banq" or "Banc".
Sure they can. I'll explain how after I complete my shopping at Jos A Bank.
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Old Oct 14, 2012, 09:39 PM   #49
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Originally Posted by mcbrided View Post
Sure they can. I'll explain how after I complete my shopping at Jos A Bank.
Also got back from the Ice cream parlor called "Bank's"
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Old Oct 14, 2012, 10:05 PM   #50
ideapower
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Sure they can. I'll explain how after I complete my shopping at Jos A Bank.
Hey, I don't make the rules. Check with your local state goverent or attorney.
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