Masayoshi Son, the billionaire CEO of Japanese telecom SoftBank, told a news conference in Tokyo that the DISH Network's (NASDAQ: DISH ) counteroffer for Sprint Nextel (NYSE: S ) was "incomplete and illusory."
Son claimed that even though SoftBank's $20.1 billion bid for Sprint was less on paper than DISH's $25.5 billion offer, it still had "superior value," and SoftBank was not going to get into a price war with DISH.
Not pulling any punches, Son laid right into DISH's claim that its bid was worth $7 a share. "Is it right? Is it true? Is it misleading," he asked. "I would say the number is wrong. Totally wrong."
The DISH price per share is actually lower than claimed, said Son, because it proposes completing the deal one year after SoftBank's July 2013 deadline, and it doesn't take into account the $600 million penalty that would be due SoftBank if Sprint backs out.
Top Value Stocks To Watch Right Now: Network Exploration Ltd. Cl A (NET.V)
Network Exploration Ltd., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. The company focuses on base and precious metal properties comprising gold, silver, and copper. It has interests in the Caldera gold and copper prospect located in the Huasco province, Chile; Pistala property comprising 1,600 hectares in southern Peru; and 25 Strike quartz claims in Yukon Territory, Canada. The company was incorporated in 1983 and is headquartered in Vancouver, Canada.
Top Value Stocks To Watch Right Now: Validus Holdings Ltd.(VR)
Validus Holdings, Ltd., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. The company underwrites property catastrophe reinsurance, property per risk reinsurance, and property pro rata reinsurance products; and reinsurance on marine risks covering damage to or losses of marine vessels and cargo, third-party liability for marine accidents, physical loss, and liability from principally offshore energy properties. It also underwrites specialty lines of business, which include aerospace and aviation, agriculture, terrorism, life, accident and health, financial lines, nuclear, workers? compensation catastrophe, crisis management, political risks and violence, war, and contingency. The company was founded in 2005 and is based in Pembroke, Bermuda.
Top 5 Financial Stocks To Invest In 2014: IPG Photonics Corporation(IPGP)
IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers. Its laser products include low, medium, and high output power lasers from 0.5 to 2 microns in wavelength; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; solid-state lasers; laser diode chips and packaged laser diodes operating at 9XX nanometers; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, and accessories. The company also offers erbium-doped fiber and Raman amplifiers, and integrated communications systems; ytterbium and thulium specialty fiber amplifiers and broadband light sources; and single-frequency, linearly polarized, and polarization-maintaining amplifier products, as well as integrated laser systems, including welding seam stepper and picker, and laser marking and welding syst ems. Its lasers and amplifiers are used in materials processing applications; manufacturing of commercial systems; and research in advanced technologies and products by commercial firms, and academic and government institutions, as well as micro-processing, surface treatment, drilling, soldering, annealing, hardening, rapid prototyping, and laser-assisted machining. In addition, the company designs and manufactures dense wavelength division multiplexing (DWDM) transport systems; a range of fiber amplifiers; and Raman pump lasers, which enable data transmission in broadband access and DWDM optical networks, as well as sells commercial fiber and diode lasers for use in medical laser systems. It markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors worldwide. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.
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