CHINADOTCOM - Informations -Thread

Wednesday March 13, 4:57 am Eastern Time
Dacom plans rights issue to bid for telco stakes


SEOUL, March 13 (Reuters) - Dacom Corp , South Korea`s second largest fixed-line carrier, said on Wednesday it plans to raise about 100 billion won ($75.8 million) in a rights issue in April to cut debt and finance bids for stakes in rival telecoms companies.
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It also announced plans to spin off its Internet unit in September and said it was discussing a tie-up with Asian Internet holding company Chinadotcom (NasdaqNM:CHINA - news).

The rights issue is expected to lower its debt-to-equity ratio to less than 150 percent this year, Chief Executive Park Un-suh told reporters.

He said the money could also finance its bids for stakes in Powercomm Inc, a cable network unit of Korea Electric Power Corp (KEPCO) , and telecoms leader KT Corp .

``Foreign investors have asked us if we can jointly bid for Powercomm and KT and we are considering the proposal,`` he said at a presentation of its 2002 Internet business plan.

KEPCO, the power monopoly, plans to re-open bidding for Powercomm in May after a February tender drew only one bidder, a consortium including Hanaro Telecom and Korea Thrunet (NasdaqNM:KOREA - news), Korea`s second and third-largest Internet service providers.

The government plans to complete the privatisation of KT, formerly Korea Telecom, by selling a 28.4 percent stake by June.

Dacom shares finished unchanged at 27,750 won versus a 0.37 percent rise in the broader market .

CHOLLIAN SPIN-OFF

Park said Dacom began to post earnings before taxes in the fourth quarter of last year and its 2002 target of 33 billion won in net profit on sales of 1.2 trillion won were attainable.

Dacom`s net loss narrowed 26 percent to 68.8 billion won in 2001, helped by the sale of non-core business units and job cuts.

He said Dacom would spin off its Internet unit Chollian in September. The unit is an Internet service provider and Web site operator.

``Chollian began to post an operating profit in October and will be able to post an annual profit next year,`` said Roh Soon-seok, senior vice president of the Chollian business group.

He said Dacom expects sales from Chollian to decline by 16 percent to 61 billion won in 2002 as it plans to disconnect non-paying subscribers.

But he said paying subscribers to Chollian would rise to 2.5 million by the end of this year from the current one million, helped by improved online services, which include granting email accounts with unlimited data storage space.

TIES WITH CHINADOTCOM

Park said Dacom is discussing a tie-up with Asian Internet holding company Chinadotcom that could result in an entertainment Web site.

``We have in principle agreed with Chinadotcom to forge a strategic alliance,`` he said. ``If a deal is struck, we may be able to set up a Korea Chinadotcom, which can provide a variety of entertainment-related content over the Internet.``

Dacom officials would sit down for talks on Monday in Shanghai.

Thursday May 9, 7:55 am Eastern Time
Press Release
SOURCE: chinadotcom corporation
chinadotcom e-marketing Arm Expands Precision Marketing Offering
Acquisition Highlights Further Commitment to IP Development
HONG KONG, May 9 /PRNewswire-FirstCall/ -- chinadotcom corporation (Nasdaq: CHINA - news; http://www.corp.china.com) today announced that its e-marketing arm, MEZZO Marketing, had acquired 100% of a leading Australian business-to-business marketing firm, known as IncNet.

"We are very pleased to announce this acquisition, as it further demonstrates chinadotcom`s commitment to work with companies that own their intellectual property, have a solid track record of performance, high margins -- for this deal, over 70% gross margins and 20% net margins -- and have significant strategic value to our business units," said Daniel Widdicombe, Chief Financial Officer of chinadotcom corporation.

While the financial effect of the IncNet purchase to chinadotcom`s group of operations as a whole is small, this acquisition is reflective of chinadotcom`s strategy to acquire companies with their own intellectual property and also builds on the November 2000 acquisition of RNR International Marketing in Australia.

"Through this acquisition, we foresee solid benefits by way of integrating data management technologies, joint go-to-market strategies and leveraging the skill base of the two companies for improved fiscal performance. Additionally, IncNet`s extensive network of reseller partners in Australia and New Zealand is a valuable channel for the resale of our proprietary expresso technology," explained Stuart Spiteri, Chief Operating Officer of MEZZO Marketing. "With a sizeable e-data marketing opportunity `Down Under`, we in turn also get a small company that is already profitable with stable management and strong current business relationships."

"IncNet`s data building and management capabilities have enabled them to build an extensive database of quality intellectual property that is critical to precision marketing. Furthermore, IncNet`s long time regular users including Citibank, Drake International, AC Neilsen and IBM, provide broader integrated campaign possibilities when combined with MEZZO Marketing`s interactive capabilities, expresso email technology and its existing Australian call center operation. We are very happy to include IncNet`s quality customers and data to our pool of data, now over 17 million records owned or under management," cited Stuart Spiteri.

"According to the Commercial Economic Advisory Service of Australia, the Australian direct marketing industry amounted to US$ 8 billion in 2000 and is expected to continue growth of 15% per annum," said Tony Johnson, General Manager of IncNet. "The integration with MEZZO Marketing will enable us to provide integrated marketing services, particularly the expresso email and customer management technology to our clients and strengthen our market position in the industry."

About chinadotcom corporation

chinadotcom corporation (Nasdaq: CHINA - news; http://www.corp.china.com ) is a leading integrated Internet company offering e-business solutions, portal and e-marketing services. Through its three-dimensional business model, chinadotcom provides a full range of Internet services around the world that: 1) build e-business strategies and solutions (chinadotcom e-solutions), 2) distribute content via its portal network (chinadotcom media assets), and 3) sell services through online marketing (chinadotcom e-marketing).

The company and its subsidiaries have offices in 10 markets - Japan, Korea, Australia, Mainland China, Hong Kong, Taiwan, Singapore, Malaysia, the UK and the US. For more information about chinadotcom corporation, please visit http://www.corp.china.com

About MEZZO(TM) Marketing

MEZZO Marketing provides marketers with a more precise way to identify, solicit, reach and convert their target customers with intelligent marketing solutions that let marketers build profitable and lasting relationships between their brand, product and service, with their end customers.


Powered by human and technological intelligence, MEZZO Marketing`s suite of
marketing solutions include Integrated Media, expresso Email solutions,
Intelligent DataMart and Call Center Services. MEZZO Marketing`s team of
Precision Marketers help marketers plan, implement, and track marketing
activities -- be it Brand Building, Tactical Promotion, Direct Marketing or
Relationship Management.


MEZZO means middle, center, focus.
http://www.mezzomarketing.com


About IncNet

IncNet is a 15-year-old database and list brokerage company with over 15 employees in Sydney, Australia. The IncNet Database is a highly accurate list of over 200,000 key industry contacts from within Australia`s leading organisations.

Its focus is companies with 50+ employees or $10 million+ revenue. IncNet has been compiled since 1989 and now includes contacts in more than 30,000 companies and government organizations with detailed corporate and personal information in over 60 different job functions .

Please visit http://www.incnet.com.au for more information.

Tuesday May 14, 3:23 am Eastern Time
Press Release
SOURCE: chinadotcom corporation
chinadotcom Q1 2002 Net Loss Narrows by 71% y-y
Acquisitions broaden service offerings

chinadotcom`s Q1 2002 Results Highlights:
* Q1 2002 net loss fell 71% year-over-year versus Q1 2001 and 38% versus Q4 2001 to US$8.0 million.
* Q1 2002 cash operating loss* was US$6.6 million, a 73% improvement from US$24.5 million year-over-year.
* In line with previous guidance, Q1 2002 revenues of US$16.4 million were down 8% versus Q4 2001 on the back of harsh economic conditions and the extended Chinese New Year and Easter Holiday periods.
* Mainland China revenues were 23% of Q1 2002 revenue compared to 16% a year ago.
* Two strategic acquisitions to broaden service offerings.
* An adjustment of US$2.77 million in additional impairment of goodwill and intangible assets was recorded in Q4 2001 results, resulting in total impairment of US$40.7 million for the full year 2001. The charge has no impact on the company`s cash operating results (see Other Developments below).

HONG KONG, May 14 /PRNewswire-FirstCall/ -- chinadotcom corporation (Nasdaq: CHINA - News; Website: www.corp.china.com), a leading integrated Internet company in Asia, today announced its financial results for the first quarter ending March 31, 2002. The company continues to make progress as net loss under US GAAP narrowed by 71% from a year ago and 38% compared to the previous quarter to US$8.0 million, representing the third consecutive quarter of improvement. Q1 2002 loss per share was US$0.08 versus $0.27 in Q1 2001.

In line with previous guidance, chinadotcom posted revenue of US$16.4 million in Q1 2002 compared to US$17.8 million in the previous quarter affected by a challenging economic environment and the extended Chinese New Year and Easter Holiday periods.

Looking ahead, current indications suggest a modest improvement in revenue and gross margins for the second quarter driven by organic growth as well as the contribution from recent acquisitions.

Q1 2002 cash operating loss was US$6.6 million, down 73% from a year ago, on the back of significant improvement in cost control, as SG&A was reduced by 62% over Q1 2001 to US$12.4 million.

"We are pleased to report continued progress across our operations," said Daniel Widdicombe, Chief Financial Officer of chinadotcom. "We have worked hard on getting our business to its current state. Although market conditions remain challenging and demand for IT products and services remains weak, we are now seeing signs of a stronger business pipeline, and, enhanced by our recent acquisitions, we should be well positioned to improve our operating metrics going forward."

During the quarter, the company continued the purchase of its shares pursuant to its US$20 million stock repurchase program that was announced in September 2001. The company reiterates that this is a long-term program and reflects the company`s confidence in its future and business growth prospects in China and the Asia Pacific region.

The information presented in the results highlights herein should be read in conjunction with the more detailed financial statements included at the end of this press release.

Strategic Acquisitions

chinadotcom is continuing to execute its strategy of becoming one of the leading providers of enterprise solutions, in the Asia Pacific region, in order to capitalize on the growing demand by enterprises across the region, particularly in China, to utilize enterprise solutions to raise efficiency, automate business processes and optimize revenue potential. In line with this strategy, chinadotcom completed the acquisition of a majority stake in OpusOne Technologies International Inc. and IncNet.

OpusOne is an established developer of business management software solutions for state enterprises and multi-national corporations in Greater China. One of the leading products developed by OpusOne is OpusOne PowerHRP, a Human Resources & Payroll Management software solution that is localized for the Mainland China market with a simplified Chinese interface and meets the various tax, statutory benefits and administrative requirements of different Mainland China provinces. This customized product has helped OpusOne PowerHRP gain market share and brand recognition among numerous companies with over 350 site installations throughout Greater China. Customers include Swire Beverages, Shanghai GM and Legend Computer.

IncNet is one of the leading database marketing firms in Australia with a database containing one of the most comprehensive sources of Australia`s top 30,000 companies. The self developed database and the management methodologies are unique in the market and have been widely used by well-known multi-national clients including Citibank, Drake International, AC Neilsen and IBM in Australia and New Zealand. This strategic acquisition, while small in terms of its effect on chinadotcom`s financial results, expands MEZZO`s service offering.

These investments have important strategic value and will serve to further expand chinadotcom`s existing portfolio of enterprise solutions. Conversely, chinadotcom will offer these companies significant value with respect to strategic initiatives, business development opportunities and a platform for long-term growth. Both Ion Global and e2e Business Solutions have become additional distribution channels for OpusOne while IncNet`s extensive network of reseller partners in Australia and New Zealand is a valuable channel for the resale of MEZZO`s service offerings.

"Where we see opportunities, we will continue to develop our existing portfolio of enterprise solutions that can strategically broaden our business mix and drive high margin and recurrent revenue," said Peter Yip, Chief Executive Officer of chinadotcom. "These acquisitions also provide opportunities for joint sales calls, the sharing of market intelligence and cross platform product developments enabling us to achieve our long-term goal of becoming one of leading providers of enterprise solutions in Asia-Pacific."

Business Units

Ion Global, Asia`s leading e-business integrator, maintained a firm revenue base during the quarter despite continued weakness in the business environment. Cash operating loss narrowed by 19% quarter-over-quarter as the company realized further cost savings. During the quarter, over 82% of revenue was generated from repeat customers as Ion Global continues to work closely with a strong base of global clients including Cathay Pacific, DaimlerChrysler (Taiwan), GE, HSBC, Sony and Cisco Systems. ABN-AMRO Bank, Marriott Hotel Singapore, Haier Group and Guangzhou Honda were some of the newly secured clients in the first quarter.

Ion Global continues to capitalize on its unique network organization by leveraging its China capabilities into new client wins and partnerships. On the back of the company`s successful win of a two-year contract from the United Kingdom Government`s Department of Trade and Industry (DTI), Ion Global has been selected as the preferred vendor for the next three years by another UK Government agency.

chinadotcom`s e-solutions arm, e2e Business Solutions, continues to make steady progress with its Software Development Center (SDC) in Beijing as part of the company`s focus on proprietary enterprise software applications for SMEs and Multinationals particularly in Mainland China. One of the first products from this SDC will be an Internet-based technology platform automating Customer Relationship Management (CRM) processes especially tailored for Mainland China. A number of potential customers have already expressed interest in this product.

MEZZO Marketing posted a strong performance with its fourth consecutive quarter of revenue growth although e-marketing as a whole saw a decline in revenue by 7% sequentially. MEZZO`s revenue per headcount continued to show improvements, increasing by 11% and cash operating loss reduced 66% quarter- on-quarter. Non-advertising revenue, comprising of direct-marketing and technology revenue, doubled during the quarter to 9% of MEZZO`s revenue, reflecting new customers such as Qinghua University, Diners Club, Mitsubishi, Sun Microsystems, IKEA China, and the New South Wales Government, among others. In addition, MEZZO continued ongoing multi-country relationships with Citibank, Samsung and Johnson & Johnson.

Demonstrating its industry leadership, MEZZO announced the findings of an audit of its privacy practices in March 2002, the first of its kind in Asia, as conducted by PriceWaterhouseCoopers over a 3-month period, examining the internal controls over those aspects of information privacy practices for consumers` personally identifiable information collected or managed by MEZZO.

chinadotcom`s portals continued to develop and introduce subscription services based on the strength of its well-recognized domain names china.com, taiwan.com and hongkong.com. The China team`s entry into the World Cup Finals generated positive interest from users as well as from enterprises. Various content channels, SMS/Interactive games and promotional packages with World Cup themes were launched during the quarter. chinadotcom`s wireless initiatives are still in the early stages of development and the company continues to evaluate its full potential.

"We continue to execute to our game plan and believe that we are on the right track with these earning accretive acquisitions," said Raymond Ch`ien, Executive Chairman of chinadotcom. "What is paramount for us at this stage is to step up our focus on securing strategic acquisitions that will provide a foundation for our long-term growth. The current state of our business places us in a favorable position to continue with this strategy."

Other Developments

With regard to the company`s treasury program, which consists principally of investment grade debt securities, the value of its debt instruments will continue to be assessed on a quarterly basis in accordance with US GAAP. Where any declines in market value are deemed `other than temporary`, the company will recognize such declines as losses in its statement of operations. The market value of the company`s treasury portfolio fluctuates, and to date, declines in market value have been recorded in the balance sheet under Accumulated Other Comprehensive Income.

An adjustment has been made to the previously released Q4 2001 and full year 2001 financial results, reflecting the ongoing conservative policy towards the impairment of goodwill and intangible assets. Upon further review, the company has recorded additional impairment of goodwill and intangible assets of US$2.77 million in Q4 2001, to a total of US$40.7 million for the full year 2001. As a result, the net loss of the company for both Q4 2001 and for the full year 2001 has been increased by US$2.77 million. As indicated in the company`s attached financial statements, Q4 2001 net loss has been adjusted to US$12.97 million, as compared to the previously reported US$10.2 million loss, while the full year 2001 net loss has increased to US$124.4 million from the previously reported US$121.6 million loss. This adjustment is below the cash operating line and the cash operating results of the company remain unchanged.

Conference Call

chinadotcom will hold a conference call to review its first quarter 2002 earnings and operations at 4:00 pm on May 14, 2002 Hong Kong time. Investors can call at that time to Toll Free 888-390-6586, US Toll Number: 712-271-3300, or Hong Kong Number: 852-2258-4100; alternatively the conference call can be heard on the Internet at http://webcast.ibeam.com/starthere.asp?pres=19255 . For those unable to listen to call in or listen to the live broadcast via the web, a replay will be available after the call at http://www.corp.china.com/shares.htm.


* Cash operating loss is defined as gross profit minus selling, general &
administrative (SG&A) expenses.


About chinadotcom corporation

chinadotcom corporation (Nasdaq: CHINA - News; Website: www.corp.china.com) is a leading integrated Internet company offering e-business solutions, media assets and e-marketing services. Through its three-dimensional business model, chinadotcom provides a full range of Internet services around the world that: 1) build e-business strategies and solutions (chinadotcom e-solutions), 2) distribute content via its media assets (chinadotcom media assets), and 3) sell services through online marketing (chinadotcom e-marketing).

The company and its subsidiaries have offices in 10 markets -- Japan, Korea, Australia, Mainland China, Hong Kong, Taiwan, Singapore, Malaysia, the UK and the US. For more information about chinadotcom corporation, please visit www.corp.china.com

Safe Harbor Statement

This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on chinadotcom management`s current expectations and are subject to risks and uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein. Furthermore, while chinadotcom believes that its pro forma financial results as attached are reflective of its recurrent trends and the on-going status of our business, there can be no assurance that its pro forma results will accurately reflect these trends and status and therefore, its investors are urged not to rely solely upon the pro forma results when making their investing decision and the pro forma results should always be reviewed together with its actual financial results as attached. All forward-looking statements included in this press release are based upon information available to chinadotcom as of the date of the press release, and it assumes no obligation to update or alter its forward looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect chinadotcom`s results of operations is detailed in its filings with the United States Securities and Exchange Commission, including the Annual Report for the year ended December 31, 2000 on Form 20-F filed on May 10, 2001.

chinadotcom corporation
Consolidated Statements of Operations
(Amounts in thousands of U.S. dollars, except per share data)

Die Zahlen für das Zweite Quartal.

In Kürze:
- Umsatz weiter rückläufig
- Verlust drastisch reduziert
- Konzentration auf margenstarke Produkte

Tuesday August 13, 2:33 am Eastern Time
Press Release

SOURCE: chinadotcom corporation

chinadotcom Q2 2002 Net Loss Narrows by 86% y-y
Evolving higher margin business platform through proprietary software and China-based development centers
chinadotcom`s Q2 2002 Results Highlights:

* Q2 2002 US GAAP net loss fell 86% year-over-year versus Q2 2001

* The company maintained its strong balance sheet position with an increase of 2% for net cash and cash equivalents.

* Q2 2002 cash operating loss* was US$6.2 million, a 74% improvement from US$23.4 million year-over-year.

* The company is focused on developing software products and enterprise solutions as well as establishing stronger partnerships.

* The company`s operations are focused on winning multi-year contracts with major enterprises and governments.
HONG KONG, Aug. 13 /PRNewswire-FirstCall/ -- chinadotcom corporation (Nasdaq: CHINA - News; Website: www.corp.china.com), a leading integrated enterprise solutions company in Asia, today announced its financial results for the second quarter ending June 30, 2002 under US GAAP. Net loss narrowed by 86% from a year ago to US$8.0 million, the same as compared to the previous quarter. Q2 2002 loss per share was US$0.08 versus $0.08 in Q1 2002 and US$0.57 in Q2 2001. ADVERTISEMENT




chinadotcom posted revenue of US$15.2 million in Q2 2002, down 7% compared to US$16.4 million in Q1 2002. Previous expectations for Q2 2002 revenues included certain consulting project revenues which we now expect to record in Q3 2002. Gross margin of 33% was US$5.0 million, down from 35%, or US$5.8 million in Q1 2002, primarily relating to ongoing price pressure in the on-line advertising network business. SG&A expenses for Q2 2002 were US$11.1 million, down 11% compared to US$12.4 million in the previous quarter and 62% lower than US$29.0 million a year ago. The company is working towards further reduction in recurrent quarterly SG&A expenses to single digit levels going forward. As a result of this further improvement in cost control Q2 2002 cash operating loss was US$6.2 million, down from US$6.6 million in Q1 2002 and down 74% from a year ago.

"Despite persistent weak market conditions, we have made progress during the quarter in positioning ourselves for an eventual upturn in economic conditions," said Daniel Widdicombe, Chief Financial Officer of chinadotcom. "At the same time as continuing to control operating expenses and maintaining our current cash levels, we have been working to move up the value curve through the introduction of more higher-margin products that we have either developed internally, added through acquisition, or through partnerships.

The information presented in the results highlights herein should be read in conjunction with the more detailed financial statements included at the end of this press release.

Evolution towards a broader base of higher margin products and services

The company has made progress in its strategic re-positioning and continues to push its evolution towards a broader base of higher margin products and services. The company has progressed in the last quarter with several new additions to its current 400 plus installations, including Microsoft, A C Nielsen and Swire Beverage. Its five-year established software development center in China is currently developing products for use on the "Microsoft .Net" platform.

chinadotcom views China as a promising base for lower-cost development of software products for distribution, implementation and integration by its own operations across its markets internationally, enabling the company to better scale its costs to make it competitive in the mid-tier software market. In addition, the company is continuing to develop partnerships with major software companies, focusing on securing Greater China and international master distributorships for such companies across various markets. The push up the value curve is also being achieved through securing longer-term contracts with major enterprises as well as governments across our key markets.

The integration of the B2B marketing database with the existing marketing offering in Australia has progressed during the quarter. Resultant operational gains include reduced ongoing database maintenance costs and office consolidation. The B2B database offering has been enhanced and sales cross-pollination with the existing marketing services business achieved. Opportunities to work more closely with the technology services business in Australia have also been identified, particularly in the area of e-mail marketing.

"Where we see opportunities, we will continue to develop our existing portfolio of enterprise solutions that can strategically broaden our business mix and drive longer term, high margin and recurrent revenue," said Peter Yip, Chief Executive Officer of chinadotcom. "The combination of these products and services provides opportunities for joint sales calls, the sharing of market intelligence and cross platform product developments enabling us to achieve our long-term goal of becoming one of the leading providers of enterprise solutions in Asia-Pacific."


Progress in Our Operations

* Technology Services


chinadotcom`s e-solutions continues to show improvement in building its base of long-term, recurring work derived from its application outsourcing business and government services practice. Further cost savings were achieved in SG&A. Our e-solutions subsidiary signed a second large UK government agency, the Department of Land Registry, to a multi-year relationship while also being named recently to the UK Central Office of Information roster -- a select list of pre-approved service partners that UK government agencies work with. Other major client activity included new work with ING Barings, continuing work with Cathay Pacific and the resumption of projects for Emirates Airlines.

Marketing & Media Services
The company continued its efforts during the quarter to better align its e-marketing services with its e-solutions businesses. In several markets, the company`s e-marketing operating infrastructure has now been shared with chinadotcom`s e-solutions operations, resulting in ongoing cost savings. In China, the company recently accelerated the rescaling of its low-margin on- line advertising network business in order to improve that operation. In certain markets, chinadotcom has ceased its funding of e-marketing units in the past 18 months and will continue to review the prospects of its ongoing operations. Within the segment, the Korean operation posted a strong performance on the back of increased marketing associated with the successful World Cup soccer tournament.

The drive to diversify the service offering through increasing non on-line advertising revenues, such as direct-marketing and e-mail technology revenue, saw progress as such revenues increased from 9% to 12%, with higher gross margins of over 60%. New clients include BankWest, Time Inc., and American Express. In addition, our e-marketing entity continued ongoing relationships with Samsung and Johnson & Johnson.

hongkong.com introduced Hong Kong`s first web-based paid e-mail service during the quarter and an enhanced SMS and e-Coupon service was also launched. Performance at chinadotcom`s travel business improved and it was appointed as event organizer/official publication/official daily for several major travel trade events for the rest of the year and into 2003.

Software Products
The company has introduced a series of new human resources management products developed along with the existing PowerHRP (Human Resources Payroll) module, including Power ATS (Attendance Tracking System), PowerPay+ and PowerESS (Employee Self Service). Through coordinated sales and marketing efforts the company has secured multiple wins for its PowerHRP management software in China. Since introduction, these products have been licensed to multinational and local enterprises. For instance, the five-star hotel, J.C. Mandarin in Shanghai has licensed the ATS solution that enables it to track all employee rostering and shift information gathered from the digital swipe card machine on the premises of the hotel.

chinadotcom`s e-solutions arm continues to make progress with its Software Development Center (SDC) in Beijing as part of the company`s focus on proprietary enterprise software applications for local enterprises and multinationals particularly in Mainland China. One of the first products from this SDC will be an Internet-based technology platform automating Customer Relationship Management (CRM) processes especially tailored for Mainland China. A number of potential customers have already expressed interest in this product.

"What is paramount for us at this stage is to step up our focus on developing and offering a broad base of higher-margin business services and software products that will provide a foundation for our long-term growth," said Raymond Ch`ien, Executive Chairman of chinadotcom. "Current market trends, in addition to the strength of our balance sheet, place us in a favorable position to maintain this strategy, with the aim of becoming the pre-eminent integrated Asian enterprise solutions company."

Other Developments

With regard to the company`s treasury program, as a result of the strong performance of bond prices in the last quarter, the mark to market impact on the company`s treasury portfolio recorded on the balance sheet has reduced from a loss of US$10.1 million at the end of Q1 2002 to a gain of US$1.8 million at the end of Q2 2002. The company has also reduced its exposure to market risk by reducing the average term and improving the credit quality of its treasury instruments, recording a realized loss of US$2.6 million in Q2 2002. The company is now engaged in the process of outsourcing some or all of its treasury portfolio to professional outside managers. The company believes that outsourcing its portfolio will provide a greater breadth and depth of resources to be dedicated to the management of its cash.

To date, the company has fully repaid its short-term credit facilities, resulting in a strong, unencumbered balance sheet. The company maintains access to two credit facilities that are available for working capital, short- term liquidity issues and acquisitions.

"In light of a challenging quarter financially and operationally and a lack of current visibility regarding the timing of a global economic recovery, my team is prepared to take further aggressive steps to achieve profitability and increase shareholder value." Peter Yip, Chief Executive Officer, said, "We will look to build our base of higher-margin software products and services, as well as further rationalize non-performing or low-margin businesses. Loss of revenues on the top line is likely in the near term but we believe that a profitable company will be the eventual result. As such, we believe we are continuing to better position the company, and we look forward to the future with confidence."

Conference Call

chinadotcom will hold a conference call to review its second quarter 2002 earnings and operations at 4:00 pm on August 13, 2002 Hong Kong time. Investors can call at that time to US Toll Free 888-390-6586, US Toll Number: 712-271-3300, or Hong Kong Number: 852-2258-4100; alternatively the conference call can be heard on the Internet at http://webcast.ibeam.com/starthere.asp?pres=20082 . For those unable to listen to call in or listen to the live broadcast via the web, a replay will be available after the call at http://www.corp.china.com/shares.htm.

* Cash operating loss is defined as gross profit minus selling, general &
administrative (SG&A) expenses.


About chinadotcom corporation

chinadotcom corporation (Nasdaq: CHINA; Website: www.corp.china.com) is a leading integrated enterprise solutions company offering technology, marketing and media services for companies throughout Asia, China, the US and the UK. With operations in 10 markets -- the companies under chinadotcom group have extensive experience in several industry groups including finance, travel and manufacturing, and in key business areas, including e-business strategy, packaged software implementation, precision marketing, and supply chain management. Also, chinadotcom leverages its alliances and partnerships to help drive innovative client solutions.

For more information about chinadotcom corporation, please visit www.corp.china.com

Safe Harbor Statement

This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on chinadotcom management`s current expectations and are subject to risks and uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein. Furthermore, while chinadotcom believes that its pro forma financial results as attached are reflective of its recurrent trends and the on-going status of our business, there can be no assurance that its pro forma results will accurately reflect these trends and status and therefore, its investors are urged not to rely solely upon the pro forma results when making their investing decision and the pro forma results should always be reviewed together with its actual financial results as attached. All forward-looking statements included in this press release are based upon information available to chinadotcom as of the date of the press release, and it assumes no obligation to update or alter its forward looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect chinadotcom`s results of operations is detailed in its filings with the United States Securities and Exchange Commission, including the Annual Report for the year ended December 31, 2001 on Form 20-F filed in June, 2002.

Notes to the EDITOR:

We define the following lines of business as:


Technology Services: these include our enterprise solutions businesses of application outsourcing, custom software development, enterprise application integration and e-business consulting, and are recorded within the e-business Solutions segment of the Consolidated Statement of Operations. Sometimes referred to as e-solutions or e-business solutions.

Marketing & Media Services: these include our enterprise solutions businesses of online advertising, integrated media planning, data services, call center services and media channels of online portals, offline media and trade publications, and are recorded within the Advertising segment within the Consolidated Statement of Operations. Sometimes referred to in separate terms as e-marketing when referring to Marketing Services or media assets when referring to Media Services.

Software Products: these include all our proprietary software products including Customer Relationship Management (CRM) software - PowerCRM; Financial Accounting Management software - PowerBooks; Business Intelligence software - PowerOLP; HR and Payroll Systems software - Power HRP, Power ATS (Attendee Tracking System), PowerPay+, PowerESS (Employee Self Service); E- marketing software - expresso, and are recorded in the Sale of IT Products segment within the Consolidated Statement of Operations.

chinadotcom corporation
Consolidated Statements of Operations
(Amounts in thousands of U.S. dollars, except per share data)

Quarter Quarter
Ended Ended
Jun 30, 2002 Mar 31, 2002
(Unaudited) (Unaudited)

Revenues
e-business Solutions $6,034 $7,645
Advertising 7,144 6,845
Sale of IT products 1,369 1,216
Other income 681 713
15,228 16,419
Cost of revenues
e-business Solutions (3,553) (4,917)
Advertising (5,756) (4,751)
Sale of IT products (700) (779)
Others (264) (197)
(10,273) (10,644)

Gross margin 4,955 5,775

Selling, general and administrative expenses (a) (11,106) (12,412)
Depreciation expense (3,438) (3,509)
Amortization of goodwill and intangible assets (579) (212)
Impairment of goodwill and intangible assets (965) -
Stock compensation expense (84) (97)
(16,172) (16,230)

Operating loss (11,217) (10,455)

Interest income 7,385 7,417
Interest expense (757) (758)
Loss on disposal of available-for-sale securities (2,602) (1,227)
Other non-operating gains (losses) 293 (204)
Impairment of available-for-sale securities (1,826) (3,525)
Share of (losses) income in equity investees (69) 230

Loss before income taxes (8,793) (8,522)
Income taxes benefits (expenses) 2 (59)
Loss before minority interests (8,791) (8,581)
Minority interests in losses of
consolidated subsidiaries 752 559
Net loss $(8,039) $(8,022)

Basic and diluted loss per share # (0.08) (0.08)

# The computation of diluted loss per share did not assume the conversion
of the stock options and the warrants of the Company during the quarter
because their inclusion would have been antidilutive.

(a) Selling, general and administrative expenses to/for related parties
30 30


chinadotcom corporation
Pro forma Consolidated Statements of Operations
(Amounts in thousands of U.S. dollars, except per share data)

Quarter Quarter
Ended Ended
Jun 30, 2002 Mar 31, 2002
(Pro forma*) (Pro forma*)

Revenues
e-business Solutions $6,034 $7,645
Advertising 7,144 6,845
Sale of IT products 1,369 1,216
Other income 681 713
15,228 16,419
Cost of revenues
e-business Solutions (3,553) (4,917)
Advertising (5,756) (4,751)
Sale of IT products (700) (779)
Others (264) (197)
(10,273) (10,644)

Gross margin 4,955 5,775

Selling, general and administrative expenses (10,763) (11,068)
Depreciation expense (3,438) (3,509)
Amortization of goodwill and intangible assets (579) (212)
Stock compensation expense (84) (97)
(14,864) (14,886)

Operating loss (9,909) (9,111)

Interest income 7,385 7,417
Interest expense (757) (758)
Share of (losses) income in equity investees (69) 230

Loss before income taxes (3,350) (2,222)
Income taxes benefits (expenses) 2 (59)
Loss before minority interests (3,348) (2,281)
Minority interests in loss of
consolidated subsidiaries 752 559
Net loss $(2,596) $(1,722)

Basic and diluted loss per share # (0.03) (0.02)

# The computation of diluted loss per share did not assume the conversion
of the stock options and the warrants of the Company during the quarter
because their inclusion would have been antidilutive.

* The above pro forma consolidated statements of operations exclude the
following non-recurring expenses:

(1) Impairment of goodwill and intangible assets
(2) Gain/loss on disposal of available-for-sale securities
(3) Other non-operating gains/losses
(4) Impairment of available-for-sale securities
(5) Restructuring costs and other one off items


chinadotcom corporation
Consolidated Balance Sheets

Jun 30, 2002 Mar 31, 2002
(Unaudited) (Unaudited)
(US$`000) (US$`000)

Assets
Current assets:
Cash and cash equivalents $107,257 $34,053
Restricted cash 282 74
Accounts receivable 18,061 20,357
Deposits, prepayments and other receivables 10,703 10,511
Available-for-sale debt securities 236,529 291,454
Restricted debt securities 65,682 138,383

Total current assets 438,514 494,832

Property, plant and equipment, net 14,207 16,820
Goodwill 8,929 11,873
Intangible assets 19,589 16,891
Investments in equity investees 142 2,778
Investments under cost method 279 270
Available-for-sale debt securities 19,800 20,000
Available-for-sale equity securities 1,974 1,932
Other assets 2,545 2,244

Total assets $505,979 $567,640

Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable $14,365 $13,727
Other payables 10,730 12,897
Accrued liabilities 10,467 12,445
Bank loans 52,282 113,294
Deferred revenue 1,033 930
Tax payable 594 747

Total current liabilities 89,471 154,040

Long term bank loans, net of current portion 1,441 1,473
Other payables, net of current portion 2,860 2,860
Minority interests 35,950 35,960

Shareholders` equity:
Share capital 26 26
Additional paid-in capital 614,122 614,007
Treasury stocks (5,530) (4,422)
Accumulated other comprehensive income (114) (12,096)
Accumulated deficits (232,247) (224,208)

Total shareholders` equity 376,257 373,307

Total liabilities and shareholders` equity $505,979 $567,640

SOURCE: chinadotcom corporation

Die Zahlen waren nicht wirklich schlecht, aber auch nicht wirklich gut.

Ich habe vor einigen Wochen meine paar China in Sohu getauscht und bin nicht unzufrieden.

MfG die Nachteule

chinadotcom Provides Update on Share Repurchase Program
WEDNESDAY, OCTOBER 16, 2002 11:34 PM
- PR Newswire

HONG KONG, Oct 16, 2002 /PRNewswire-FirstCall via COMTEX/ -- chinadotcom corporation (Nasdaq: CHINA; Website: www.corp.china.com), a leading integrated enterprise solutions company in Asia, today provided an update on its share repurchase program. chinadotcom announced its long term share repurchase program in September 2001 and has proceeded to buy shares on a regular basis since that time. In accordance with the company`s buyback policy and subject to regulatory as well as market volume limitations, to date the company has purchased approximately 1.74 million common shares for an aggregate purchase value of US$4.4 million.

Depending on market conditions and other factors, repurchases may be made from time to time in the open market and in negotiated transactions, including block transactions, and may be discontinued at any time. As of October 16, 2002, chinadotcom has approximately 102.7 million common shares outstanding. This number includes the 1.74 million repurchased shares which are pending cancellation.

Peter Yip, Chief Executive Officer of chinadotcom corporation, said, "We believe this stock repurchase program reflects our confidence in our business and is in the best interests of our shareholders. We will continue to prudently acquire our company shares at values below the per share cash levels, while keeping in mind the need to preserve cash overall for investment in the long term company future. Despite the difficult market environment we remain optimistic about the long term future of our business and will continue working hard to improve our operating performance going forward."

For more information about chinadotcom and its new positioning, its service and product offerings and the corporate materials, please navigate the newly launched website http://www.corp.china.com.

Was geht denn hier ab???????????

Symbol Last Trade Change After Hours Change** Bid Ask Trade
CHINA 4:47pm 2.49 +0.37 +17.45% +0.40 +19.14% N/A 2.29

Ist das nur das ARK?



Symbol Last Trade Change After Hours Change** Bid Ask Trade
CHINA 9:59am 2.611 +0.031 +1.20% N/A N/A 2.62 2.65