Softbank in cash spending spree paying Cameron Diaz $138 a second

Forgive me for such a speculative headline, but the story reported by Financial Times (FT) yesterday about Softbank’s spending habits made me wonder if the company went too far or just set a new standard. Cameron Diaz reportedly received $3 million for six hours’ work starring in an advertisement for Softbank. If you make the calculation it will translate into $138 a second. The newspaper goes further, stating it is not an exclusive occurrence of such cash burning for Softbank – the telecoms and internet conglomerate is spending at a rate of about $60 a second for more than a decade. The newspaper also refers to some analysts’ concerns about Softbank’s “propensity to burn through cash and its penchant for re-jigging accounting and other methodologies.” Meanwhile, Softbank is Tokyo’s most active stock, with tens of millions of shares trading a day, and one of the volatile, according to FT. Of the 14 analysts covering the stock, just one has a buy recommendation, according to Bloomberg.
Labels: Softbank





Sidefeed released an email-based free bookmark service (http://toread.cc/mindex.php) optimized for mobile users. It converts web page into text-only content, and sends it to a cellphone. It has both Japanese (dubbed as "Ato-de yomo') and English ("tomobi") versions. For example, when a user wants to bookmark the web page he is currently on for later reading or he just wants to save some information from a web page like driving directions or business telephone number he can easily send it to his mobile email. This service reminds me of Google Toolbar's "Send To" button that allows you to share an excerpt from the page by simply selecting the section of the page and sending it to Gmail account, Blogger or SMS.




