Log in to your IBTimes Account

close
ID
Password

Softbank profit doubles in 4Q despite mobile expansion costs



By TOMOKO A. HOSAKA
08 May 2008 @ 10:09 am EST

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
DCM 15.39 0.31
VOD 30.69 0.68

SYMBOL LOOKUP

Despite the focus on its mobile operations, Son stressed in a briefing that Softbank is first and foremost an Internet company.

Its various holdings include stakes in Yahoo Japan Corp., My Space Japan K.K., Chinese e-commerce giant Alibaba, as well as a professional baseball team.

"It was not our aim for Softbank to be the No. 3 mobile company (in Japan)," Son said. "From the beginning, it was to become Asia's No. 1 Internet company and the world's No. 1 mobile Internet company."

Softbank reported earnings after the market closed. Before that, its shares fell 3.3 percent to 2,040 yen ($19.55) on the Tokyo Stock Exchange in a broad market decline.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Technology
Members of the American Federation of Television and Radio Artists have ratified a new contract with Hollywood studios that boosts payments for actors wh...
DreamWorks Animation SKG Inc., maker of the "Shrek" movies and "Kung Fu Panda," announced Tuesday it will switch from Advanced Micro Devices Inc. compute...
In the latest expansion beyond its main mission of organizing the world's information, Internet search leader Google Inc. hopes to orchestrate more fanta...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives