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Technology Stocks : Softbank Group Corp
SFTBY 63.70-0.2%3:54 PM EST

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To: Hans U. Tschanz who wrote (1639)9/12/1999 3:09:00 AM
From: astyanax  Read Replies (2) of 6020
 
Translation of the Der Spiegel article. Hans, thanks for the article. I tried to use an auto-translator. Altavista's Babelfish is down, so I used the only free service that can translate German to English on the fly:
freetranslation.com

Of course, the translation is terrible, but makes for interesting reading. I think the article tried to say that Son was "plastered by stones" from his neighbors as a child because of his Korean ancestry. Some of the characters in this text were not formatted with German characters (the division symbol + the superscript '3'), which hampered the translator:

===
Does almost unseen Masayoshi Son, Gründer of the firm Softbank
have, that grö? ten of Internet-combine Asia constructed.
Therewith its ambition yet long is not allayed. Was the
Einhundert-millions-dollar-Deal quick eingefädelt: in Pizza and
Cola, on the Fu? ground of its hotel room in the Silicon Valley
squatting, offered the friendly Geschäftsmann out of Tokyo Yahoo
its money to the young Gründern of the at that time almost unknown
American Internet-bidder. A participation of 30 percent würde it
gladly übernehmen. Jerry Yang and David Filo ­ it had first few
months before its high training study concludes ­ could its Glück
scarcely grasp. They held the asian at the beginning für völlig
verrückt. But there it urgently money needed, willigten it quickly on.
That was in the Frühjahr 1996. In The Mean Time Yahoo is at the
rampart Street more than 30 billion dollars valued. And the risk
joyful investor out of Tokyo, that in the Silicon Valley now no one
more für übergeschnappt hält, climbed to one of the richest Männer
Japan: Masayoshi Son, 42, Gründer and Präsident of the Japanese
Internet-firm Softbank. © THE MIRROR The gewinnträchtige got
into was into the American future firm Yahoo für Son only the
beginning of a long purchase tour. Does for the restless
entrepreneur, who complete billions-Geschäfte yet always most
dearly in the snack or übers telephone, has Gro? it before: by
means of the Internet he wants the grö? te firms conglomerate of
the world construct. Sons example Japan "Zaibatsu" would get into
are ­ the gigantic Firmenkolosse as well as Mitsui, Mitsubishi or
Sumitomo that were united until end of the second world war
respectively yet under a roof. With its "Zaibatsu" Softbank, Son
wants to control the Geschäft in the Cyberspace. Does Während
the world above all American as well as Microsoft-Gründer Bill
Gates as heros of the digital age bestaunt, buy the Au? enseiter out
of Asia a remarkable empire of Internet-participations together ­ of
the Online-Broker up to the Autohändler. In the USA controlled it
über its shares capital 100 Internet-Neugründungen, in Japan 20.
The Boom of the Internet-shares blähte the Börsenwert of its
Vermögens on round 20 billion dollars. Does the Cyber-world
listen up: calculated from Japan, that the digital revolution of the
neunziger years verschlief, wants to conquer one the Internet?
Don't the firms of the country have enough therewith to do to
recovered of its langjährigen crisis? Is and überhaupt: Son who?
Was the man already always an Au? enseiter, and the erklärt also
why he so steeply climbed straight während of the Japan-crisis.
Come of the uniformed Firmenbossen of the country, that of
domestic elite-Universitäten, differs the schmächtige man with the
soft voice already through its origin: he comes discriminated from
that in Japan korean minorities. Its family struck were forbids itself
with pig real and the business of Spielhöllen through ­ honor value
jobs korean in Japan häufig. On the Schulweg neighbor boy Son
with stones plastered. Done already as a Zehnjähriger büffelte of
the Au? enseiter as well as possess: it wanted the wish of its father
erfüllen, "in Japan the number one to become". With 16, it walked
of the school in order to learn in the kalifornischen Berkeley English
and später the duno on a visit. In the USA, Son discarded also its
Japanese name Yasumoto. But its ambition to show it the arrogant
Japanern, retained it. Every day compulsion the paukwüstudent
would meet himself to think about fünf minutes über inventions. Did
the Grübeln help: Son sketched a pockets-? bersetzungsgerät, that
it of an US-Professorenteam develop lie? At that time the student
tried for the first time the Geschäftsprinzip, with which he earns
billions as an entrepreneur: Son pushes new projects at ­ the
Ausführung überlässt he other. The patent für the invention sold Son
für a million dollar at the Japanese electronics manufacturer Sharp.
Of the money, it constructed the software-firm Softbank from
1981 in Japan, that banishes also today yet 70 percent of the
software in Japan. Did its first gro? en Vorsto? abroad venture Son
1994: Für round 3,1 million dollars it bought the US-publishing
house für computer periodicals Ziff-Davis. With the new
advertising, it wanted to conquer first the world market für such
magazines. Yet the Internet überschattete already the future of
printed media. Therefore Son threw itself on the Internet ­ and set
with Yahoo on one of the winners. Since then the Softbank-boss
uses always the same success prescription. It pumps Früh risk
capital in little, but outlook empires kalifornische
Internet-Neugründungen as well as about David Bohnetts
Geocities. Then verfrachtet it the ideas of its partners as a Joint
Venture to Japan. Yahoo Japan already 1996 so gründete Son with
a start capital by only 3,5 million dollars ­ in the mean time the firm
is at the Börse round 7,3 billion dollar valued. Scarcely a month
passes, without that Son with American Geschäftsleuten a new
partnership firm in Tokyo ankündigt. Past the times are when the
Miti ­ the mächtige ministry für international trade and industry ­
threw it empört out of an adviser group, because Son the
nationalistic Hightech-politics of the ministry criticized. Does now
even premier Keizo Obuchi suspect that Japan can find connection
only to US-prescriptions at the Internet: Regelmä? Industrial Trade
Union lädt he Son for meal on and listens its visions. With Yahoo,
Son occupied a so-called portal to the Internet, through that the
network-users to single Web-pages surfen. Does like a
Torwächter Son Internet-customers with its that which is sought
machine Yahoo above all to characteristic Internet-firms pilot want:
with the US-giant Microsoft he wants to sell autos online; with
E*Trade, the drittgrö? ten Online-Broker of the USA, wants to act
he securities, with the store chain Seven-Eleven Bücher. Already
now controlled Son in Japan round two-thirds of the
Online-services. Does at the same time the Internet-pioneer the
radical change come of benefit, that the zweitgrö? te industrial
country recently grasps has: in ten years, schätzt the government in
Tokyo, would climb the volume of the electronic trade in Japan on
round 50 trillions yens (845 billion marks). Above all the
verkrustete finance sector of the country trembles before the
Online-revolution. Does for after and after rei? t the government
bürokratische protection wall around banks, Broker and insurer on:
a price battle, that threaten decide the branch at the end the
Internet dürfte. There Son lurks already with its
finance-Joint-Ventures in the Startlöchern. But is yet unclear,
whether Mr. Japan. com prematurely the Puste does not go out.
For Son finances its restless Online-Shoppingtour above all with
gigantic book profit, that it the Höhenflug of the Yahoo-share at the
rampart Street beschert. Yet the bubble könnte sometime burst,
especially since Yahoo 1998 with its actual Geschäft only one
relatively mickrigen profit of 25,6 million dollars importations. Must
Son wei? that it earn solid money with the Internet. In order to
accelerate the dragging distribution of the new medium in Japan, it
plans further audacious investments: with the American
Hightech-Börse Nasda, Son in Japan wants a new shares market
gründen that should ease the access to the capital for young
Internet-firms. The träge Tokioter Börse impedes boy
entrepreneurs yet always the start. Also a further Hürde für the
Internet wants to remove Störenfried Son: the high
Telefongebühren, that the telecommunicated giant NTT the
Internet-Nutzern abknöpft. With Microsoft and the Japanese
current provider Tokyo Electric, it wants künftig on characteristic
telephone networks Billiggebühren für Netznutzer anbieten. As
agilely as in the Silicon Valley, Son in Tokyo does not can to be
sure the Geschäftskultur aushebeln. Profits short-term Langjährige
relations zählen here always yet more than. Softbank-firms
important certainly not zufällig hievte Son Söhne more prominent
More japanese entrepreneur on the boss armchairs ­ under that
also the shoot of a früheren NTT-Bosses. Its examples are passes
medieval Japanese Kriegerfürsten, and its strategy far into the
future: "in 300 years", says it, "becomes itself the circumference of
my infrastructure first so correctly as a Stärke prove."
===
- Netconductor.com
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