Japan’s Softbank lays out 30-yr vision of greatness

TOKYO, June 25 (Reuters) – Japanese firms are known for long-term planning but mobile phone operator Softbank Corp (9984.T) has outdone all rivals with a 30-year plan to become one of the world’s 10 most valuable firms worth $2 trillion.

In a two-hour speech to shareholders, founder and Chief Executive Masayoshi Son spoke of how he built Softbank up to become Japan’s 15th most valuable company with a market value of $30 billion through large acquisitions and how alliances would form the basis of new expansion plans.

Although vague on details, in 30 years time Softbank will likely to have some 5,000 partners, in which it will hold stakes of 20-40 percent, a more than 6-fold increase from now, he said.

Current partners include Yahoo Japan (4689.T) and Chinese e-commerce firms Alibaba.com (1688.HK) and Taobao.

“I have achieved most of the things I said I would do,” said Son, who Forbes magazine named the world’s 127th richest person with a net worth of $5.9 billion in March.

“This is a pie-in-the-sky dream I’m talking about, but a dream that I am seriously pursuing,” he said

With tears in his eyes and to applause from shareholders as well as 1,000 fans that had won special tickets to attend the event, Son spoke of his poor childhood, how hard it was to be of Korean descent in Japan and the pain of leaving his family to become an entrepreneur.

Son, 52, also unveiled a plan to set up “Softbank Academia” to groom his successor so that he can pass the baton on in his 60s. The academy will invite about 300 executives from inside and outside the company to participate, he said.

“The purpose of this is only one thing: to make Masayoshi Son 2.0,” he said.

With a capacity for reinvention matched by few firms, Softbank began in 1981 as a software distributor, bought publishing firm Ziff-Davis, then became Internet investor company with big stakes in big Internet companies before buying a telecom operator to become Japan’s No.3 mobile phone operator after NTT DoCoMo (9437.T) and KDDI Corp (9433.T).

It is also now the only Japanese carrier to offer Apple Inc’s (AAPL.O) widely popular iPhone and iPad.

But Son says that 30 years is just one step in the company’s long-term future.

Before he hands over his empire, he wants to pave the way for the company to last three centuries, when he expects robots with brain-like computers to be interacting with humans and people with different languages to be communicating through chips.

“As a founder, my task is to make the company’s DNA,” he said, emphasising his only goal is to make everyone happy with what he calls an “information revolution.”

(Editing by Edwina Gibbs)

((sachi.izumi@thomsonreuters.com; +81-3-6441-1809; Reuters Messaging: sachi.izumi.reuters.com@reuters.net))

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50 things that are being killed by the Internet

London, Sep 4 (ANI): The Internet has been touted as one of the most useful tool for the last two decades, and has had a huge impact on our lives, but along with its benefits, the World Wide Web has also had some negative impacts on people.

While tasks that once took days can be completed in seconds, traditions and skills that emerged over centuries have become redundant.

The Telegraph has compiled a list of 50 things that are in the process of being killed off by the web and other tools of modern communication, from products and business models to life experiences and habits.

These things are:

1. The art of polite disagreement

2. Fear that you are the only person unmoved by a celebrity’s death

3. Listening to an album all the way through

4. Sarah Palin

5. Punctuality

6. Ceefax/Teletext

7. Adolescent nerves at first porn purchase

8. Telephone directories

9. The myth of cat intelligence

10. Watches

11. Music stores

12. Letter writing/pen pals

13. Memory

14. Dead time

15. Photo albums and slide shows

16. Hoaxes and conspiracy theories

17. Watching television together

18. Authoritative reference works

19. The Innovations catalogue

20. Order forms in the back pages of books

21. Delayed knowledge of sporting results

22. Enforceable copyright

23. Reading telegrams at weddings

24. Dogging

25. Aren’t they dead? Aren’t they gay?

26. Holiday news ignorance

27. Knowing telephone numbers off by heart

28. Respect for doctors and other professionals

29. The mystery of foreign languages

30. Geographical knowledge

31. Privacy

32. Chuck Norris’s reputation

33. Pencil cricket

34. Mainstream media

35. Concentration

36. Mr Alifi

37. Personal reinvention

38. Viktor Yanukovych

39. The insurance ring-round

40. Undiscovered artists

41. The usefulness of reference pages at the front of diaries

42. The nervous thrill of the reunion

43. Solitaire

44. Trust in Nigerian businessmen and princes

45. Prostitute calling cards/ kerb crawling

46. Staggered product/film releases

47. Footnotes

48. Grand National trips to the bookmaker

49. Fanzines

50. Your lunchbreak (ANI)

Cash for Clunkers – Cash for Clunkers Legislation – Clunker Bill – House passes ‘Cash for Clunkers’ Legislation – Clunker Law – Clunker Rebate

The U.S. House approved the “cash for clunkers” legislation earlier today, paving the way for consumers to snag up to $4,500 for trading in their older vehicles for new, more fuel efficient transport.

President Barack Obama has encouraged Congress to approve consumer incentives for new car purchases as part of the government’s work to restructure General Motors and Chrysler. The House approved the bill 298-119

The bill, which passed 298-119, drew overwhelming support from automakers, local business groups and dealers who claimed the passage could boost sales – further aiding GM and Chrysler’s “reinvention” – during the economic downturn.

Under the House bill, car owners could get a voucher worth $3,500 if they traded in a vehicle getting 18 miles per gallon or less for one getting at least 22 miles per gallon. The value of the voucher would grow to $4,500 if the mileage of the new car is 10 mpg higher than the old vehicle. The miles per gallon figures are listed on the window sticker.

Owners of sport utility vehicles, pickup trucks or minivans that get 18 mpg or less could receive a voucher for $3,500 if their new truck or SUV is at least 2 mpg higher than their old vehicle. The voucher would increase to $4,500 if the mileage of the new truck or SUV is at least 5 mpg higher than the older vehicle. Consumers could also receive vouchers for leased vehicles.

The bill would direct dealers to ensure that the older vehicles are crushed or shredded to get the clunkers off the road. It was intended to help replace older vehicles — built in model year 1984 or later — and would not make financial sense for consumers owning an older car with a trade-in value greater than $3,500 or $4,500.

The U.S. industry is expected to generate about 9.5 million vehicles sales in 2009, compared to more than 13 million in 2008 and more than 16 million in 2007.

Source – The Associated Press

Boyzone urge Daft Punk, Chemical Brothers to produce their new album

London, March 29 (ANI): Boyzone are so desperate to change their sound that they have asked dance duos Daft Punk and the Chemical Brothers to produce their new album.

The Irish manband want to ditch the ballads in their next collection, and may be helped by the Brothers or the Punks.

“There are a couple of producers that I’d love to work with, in particular The Chemical Brothers and Daft Punk,” the Daily Star quoted Ronan Keating, 32, as saying.

“We did put it out there to Mark Ronson but he hasn’t got back to us. It would be so cool if he did it but I don’t think he will. The record company is chasing it up.

“This album isn’t going to be rushed. The problem at the moment is we’re still seen as a nostalgia act because we haven’t come back with a new album and made our mark yet.

“It’s going to be a very different album and it won’t be what people are expecting. It will be up-tempo and pop but not ballady.

“We want a new Boyzone, almost a reinvention, so we’re taking time to be disappointed. We’re still Boyzone and won’t forget that.

It’s trying to find a happy medium,” he added.

The band are presently writing their new songs in a Dublin studio.

The quintet’s new album will be recorded in Los Angeles, and the collection will later be mixed in London.

“It will be released in time for Christmas,” Ronan vowed.

Meanwhile, Boyzone are also preparing for a summer tour and have asked X Factor finalist Eoghan Quigg, 16, to support.

Ronan added: “It’s a fresh tour. There’s been money spent on it and we have brand new songs.”

He revealed: “Mikey’s lost a lot of weight and everyone’s trying really hard.” (ANI)

Tendulkar’s dismissal was Butler’s second coming as a cricketer

Wellington (New Zealand), Mar.5 (ANI): Dismissing Indian batting maestro Sachin Tendulkar for 20 in the Napier ODI has to be seen as a second coming on the international stage for New Zealand fast bowler Ian Butler.

It has taken four years of toil and reinvention for New Zealand fast bowler Ian Butler to make a comeback to the national squad.

When Butler had the Australian all rounder Shane Watson caught behind by Brendon McCullum under the roof at Melbourne’s Docklands Stadium in December 2004, he never imagined there would be a hiatus of over four years before the New Zealand wicketkeeper helped provide the reconstituted seam bowler with his next one-day international wicket.

According to a New Zealand Press Association report, that moment arrived in Napier on Tuesday when the Indian batting prodigy-turned-legend Sacin Tendulkar edged to McCullum’s gloves four balls into Butler’s second coming as a ODI cricketer.

Tendulkar’s dismissal for 20 also fired the imagination – Butler scarcely believed he would ever bowl to the world’s record setting test and one-day rungetter.

Their paths had crossed once before in Mohali six years ago when Butler toiled hard for figures of one for 116 on a flat track that previously enabled four New Zealand batsmen to record hundreds.

Since Butler’s first run-in with the “Little Master” their careers have taken contrasting paths.

Tendulkar carried on tormenting pace bowler’s of Butler’s ilk while the injury-plagued right armer sought to reinvent himself as a batsman after his back could no longer sustain those long spells.

Four years ago a scan of his lumbar region revealed a degenerative disc and two others bulging, a diagnosis that could have proved career ending.

Instead, after a two year break he expanded his batting repertoire and learned how to manage his fragile frame by qualifying as a personal trainer.

After a couple of domestic seasons as a specialist batsman for Northern Districts B and occasionally the top side, Butler relocated to Otago last year, where he was coaxed to roll the arm over.

By applying the brakes on his speed in favour of perfecting control and disguising variations, Butler eventually made a remarkable return to the international stage in Sydney on February 15.

Picked for the one-off Twenty20 match against Australia at the SCG on the strength of his provincial form in the shorter versions of the game, Butler resurrection then extended to the ODI team.

His numbers justified selection.

Part way through the domestic one-day competition he has 19 wickets at 21.00 while in the Twenty20 league his 14 scalps at 16.57 have helped Otago take the championship.

His economy rates, despite bowling at the death, also stand up to scrutiny.

Butler has been less successful in the four-dayers – seven wickets at 43.42 – but the fact he is able to bowl longish spells is a success story in itself.

His workload is regulated to 16 or so overs a day, a touch below a standard fast bowler’s output, but so far so good.

Butler’s return may have caught some by surprise but the 27-year-old never gave up hope.

“I never considered giving it up completely. That’s why I played a couple of seasons just as a batter. Then my body allowed me to come back and bowl a bit. You know if you perform you’re going to get a chance eventually,” he said.

Butler took one for 42 against the Indians and included a maiden in his eight over spell.

Butler has played eight tests for New Zealand, taking 24 wickets at 36.83, but doubted his resurgence would include a ninth cap.

“I’m not unavailable but I wouldn’t have thought I’d be in the top five test bowlers.” (ANI)

Thomson Reuters plans new billion dollar TV service aimed at YouTube generation

London, Mar 3 (ANI): Thomson Reuters, the leading international multimedia news agency, is planning to invest one billion dollars this year on a new television service and other new products at its markets division.

Chief Executive of markets division Devin Wenig will on Tuesday reveal plans for the new global television service, which would help in updating Reuters technology and bring it in sync with “the YouTube generation”.

The Daily Telegraph quoted Wenig as saying there are plans for “an entire reinvention of the product,” and the group has committed One billion dollars to spend purely on innovation in 2009, an increase of 35 percent on last year’s budget.

Even as the television service is expected to launch in June, Thomson Reuters has already employed more than 100 staff members and two former CNN and CNBC presenters.

Studios have been built in London, New York and Hong Kong and videos installed in bureaus around the world in preparation for marketing.

Moreover, the staff members are likely to increase even more in the next year depending on the success of the television venture.

The television service will be accessed via an icon on the home page of its terminals and users will be able to search for videos by name or business sector.

A transcript of each video will also be provided and users will be able to receive video feeds to their BlackBerry cell phones.

The group is seeking between 50 to 75 content partners and is particularly keen to sign up with other news organisations.

While the new service will be available to its 140,000 premium customers at no extra charge, 360,000 of its other customers will have to pay extra if they want to sign up. (ANI)