$2.7bn over Tokyo

I don't have a clue what IPWireless would be worth in an acquisition scenario (Flarion got taken out for $800m, but without any of the mass commercial deployment which IPWireless can point to). Whatever it's actually worth, I noticed with interest that its presence in this deal seemed to be sufficient to knock 1.7% off Vodafone's share price yesterday, which equates to $2.7bn in lost value. 大したもんだ！