Hartcourt ein klarer Kauf !!! - 500 Beiträge pro Seite (Seite 9)

[sevim]

Hallo liebe Hartcourt Fans,



wenn ich mir den 3 Jahreschart ansehe, könnte man denken, daß der Boden erreicht ist, nur das vor drei Jahren ganz andere Vorausetzungen vorlagen, die eigentlich positiver klangen wie heute.



wenn ich mir allerdings den 6 Jahreschart ansehe, dann sehe ich, daß wir eigentlich wieder ganz am Anfang stehen.

Und irgendwo habe ich mal gelesen, daß sich Börsenhypes alle 7 bis 8 Jahre wiederholen können. Die Tatsache, daß Hartcourt noch existiert und Aktienjunkies immer noch nach demselben Prinzip arbeiten, prognostiere ich aufgrund KEINER Fakten, daß Hartcourt in den nächsten 2 Jahren wieder zum Spielball OPC-Süchtiger Pennystock-Zocker wird.
Das Blöde an der Geschichte ist, daß nun eine Frau, wie ich es ja auch bin, die Fäden zieht und nicht der mysteriöse Strippenzieher P. von damals. Und man sagt uns Frauen ja nach, daß wir keine Illusionisten seien und die Fantasie für anderes verwenden als wie zum Zocken mit Aktien.
Hoffentlich entpuppt sich Madame nicht als das, was ich oben beschrieben habe, denn dann werden wir keinen Phönix aus der Asche erleben, sondern Hartcourt in die Urne legen und einen letztes seufzendes Amen hinterherwerfen.

MFG Eure
Sevim

[McCorry]

nett gesagt
aber vielleicht baut carrie auch diesmal was handfestes auf. dann haben wir mal keine zockerei sondern kurssteigerungen die auf festem boden stehen....denn auch dafür sind doch frauen bekannt

[sevim]

Hallo nochmal,

heute ist im übrigen Weltfrauentag.
Ich wünsche uns Frauen in diesem Thread, von denen es im übrigen einige gab wie Felicia z.B. weiterhin viel Erfolg und das die Männer uns diesen Tag vom Herzen gönnen.
Also alle nochmal schnell zum Blumenladen, damit es keine böse Überaschungen zu Hause gibt.

Eure Sevim

[bernie1946]

langfristig investieren @ 0,07€

[KATZENHASSER]

@#3988 von sevim

FRAUENPOWER!!!!!!!!!!!

[sevim]

[Rentenfondsmanager]

[KATZENHASSER]

[bernie1946]

Analysis:
http://www.stockta.com/cgi-bin/analysis.pl?symb=HRCT&num1=5&…

ich werde erst unter < 0,05€ nachkaufen.

[Brasil]

NEWS-NEWS-NEWS-NEWS

Hartcourt Announces Its First Quarter 2005 Results
Thursday May 19, 6:07 am ET


SHANGHAI, CHINA--(MARKET WIRE)--May 19, 2005 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009) today announced its first quarter results as March 31, 2005.
ADVERTISEMENT


Revenue was $11 million for the first quarter, representing mostly sales of Samsung products in the Shanghai region. Sales of Samsung products were up 17% in the Shanghai region compared to last year. Samsung revenue in Zhejiang was not a part of Hartcourt sales beginning this year, since we sold the Zhejiang distribution business in 2004. Samsung notebook accounted for $3.4 million of the total revenue, an increase of 42% over last quarter, a healthy growth in view of this being only the second quarter that we began distribution of Samsung notebooks. Interactive/multimedia product sales was consolidated into Hartcourt in March and accounted for 2% of total revenue.

Gross margin for the first quarter was $457K, or 4.08%, up from $181K, or 1.04% a year ago. The significant increase of 153% on gross margin dollars was contributed by our interactive/multimedia business, even though the related revenue was insignificant. This is the result of our strategy to move into profitable segment of the market to improve our operating results.

Operating expenses for the first quarter was $412K, down by 25% compared to a year ago, reflecting our cost-reduction efforts.

Operating income was $46K, compared to a loss of $370K a year ago. Net income after taxes was $30K, compared to $58K a year ago, which included a one-time gain of $492K from discontinued operations.

Operating cash flow improved by $874K compared to a year ago, resulting from better inventory management. Current ratio was 1.3, approximately the same as last year.

Details of this financial report can be found in our 10Q filing on www.sec.gov.

About Hartcourt

Hartcourt`s achievements and operations can be found on its web site: www.hartcourt.com

Forward-looking statements

The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company`s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company`s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.



Contact:
Contact:
Ms Tingting Ni
Tel: + 86 21 52138810
Fax: + 86 21 52138870
Email: [e-mail]

_______________________

Wie immer hatte ich recht !

Gut das ich damals zu 0,60 noch rechtzeitig verkauft habe.

Die meisten haben mich damals als dummen Jungen etc... hingestellt und heute macht HRCT nur noch 11 Millionen Umsatz und ist weniger als 0,10 Dollar Wert.

Viel Spass noch mit HRCT, solange es sie noch geben wird... :-)

mfG
BRasil

[BrasilAndi]

Hallo, beobachte das Treiben von Brasil oder soll ich besser sagen Andi schon länger. Es wäre schön, wenn Ihr Euch verabschieden würdet. Meiner Meinung braucht Euere Kommentare niemand tschüss.

BrasilAndi

[Newbie13]

Noch im Februar 2004 hat Brasil gepusht wie ein wahnsinniger - von Kurszielen 4 $ und so was gefaselt.
Jetzt sagt er ist bei 0,60 raus.
Schaut euch den 18-Monats-Chart an. Da seht ihr recht genau, wann der Kurs zuletzt bei 0,60 € war. Es war Mitte Januar 2004.
Damit ist nachgwiesen, dass er entweder lügt oder wissentlich und absichtlich gegen seine eigene Überzeugung versucht hat zu pushen.

Am 2.3.04 hat er geschrieben, das er am 1.3.04 verkauft hätte. (Beweis: Posting #3172 )
Kurse Ffm am 1.3.04
Eröffnung 0,43 €
Hoch 0,45 €
Schluß 0,41 €

Bisher haben wir ihn ja nur für n Spinner gehalten. Jetzt ist BEWIESEN, dass er lügt.

[kerikeb2]

Na Brasil,
mir scheint du kannst dich von HRCT nicht trennen! Wie oft hast du dich verabschiedet ? und kommst immer wieder zurück! HRCT ist halt eine Sucht.
Wehre dich nicht dagegen, es hat kein Sinn, nimm es einfach an
Gruß
Kerikeb

[Magicon]

Hartcourt veroeffentlicht Ergebnisse des ersten Quartals 2005

19. Mai 2005
Shanghai, China - Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT, Frankfurt: 900009), meldete heute seine Zahlen fuer das erste Quartal 2005.

Der Umsatz lag im ersten Quartal bei 11 Mio. US$ und wurde hauptsaechlich durch den Verkauf von Samsung-Produkten in der Region Shanghai erzielt. Der Umsatz mit Produkten von Samsung stieg im Vergleich zum Vorjahr um 17%. Der Samsung-Umsatz in der Provinz Zhejiang ist seit Anfang diesen Jahres nicht mehr im Umsatz von Hartcourt enthalten, da wir das Geschaeft in Zhejiang 2004 verkauft haben. Der Umsatz mit Samsung-Notebooks betraegt 3,4 Mio. US$, eine Steigerung von 42% gegenueber dem letzten Quartal. Dies ist eine sehr gesundes Wachstum, wenn man bedenkt, dass dies erst das zweite Quartal ist, in dem wir Samsung-Notebooks verkaufen. Der Umsatz aus dem interaktiven/multimedialen Bereich wurde im Maerz erstmals in den Ergebnissen von Hartcourt aufgenommen und hatte einen Anteil von 2% am Gesamtumsatz.

Der Bruttogewinn lag im ersten Quartal bei 457.000 US$ gegenueber 181.000 US$ im letzten Jahr, was einer Bruttogewinnmarge von 4,08% gegenueber 1,04% im letzten Jahr entspricht. Die deutliche Steigerung von 153% im Bruttogewinn entstand durch unseren Geschaeftsbereich Interaktiv/Multimedia obwohl der damit verbundene Umsatz vergleichsweise gering war. Dies ist das Resultat unserer Strategie, in profitable Marktsegmente vorzustossen und unsere Ergebnisse damit weiter zu verbessern.

Die operativen Kosten lagen im ersten Quartal bei 412.000 US$, eine Verringerung von 25% zum Vorjahr, was unsere Bemuehungen um Kostenreduzierung widerspiegelt.

Der operative Gewinn lag bei 46.000 US$ im Vergleich zu einem Verlust von 370.000 US$ im Vorjahr. Der Nettogewinn nach Steuern betrug 30.000 US$ im Vergleich zu einem Gewinn von 58.000 US$ vor einem Jahr, der jedoch einen einmaligen Gewinn von 492.000 US$ aus nicht fortgesetzten Operationen enthielt.

Der operative Cash Flow verbesserte sich um 874.000 US$ im Vergleich zum letzten Jahr, was aus einem besseren Lagermanagement resultiert. Der Liquiditaetskoeffizient liegt mit 1,3 etwa auf dem Niveau des letzten Jahres.

Details zu dieser Pressemitteilung entnehmen Sie bitte unserem 10Q filing auf www.sec.gov.


Ueber Hartcourt

Fuer weitere Informationen besuchen Sie bitte: http://www.hartcourt.com

[silberesel]

Zahlen sind doch O.K. - wenn man bedenkt, dass die Multi-Media Umsätze/Gewinne nur für einen Monat (März) enthalten sind!

[Brasil]

Danke Newbie13 für dein Posting,

Am 2.3.04 hat er geschrieben, das er am 1.3.04 verkauft hätte. (Beweis: Posting #3172 )
Kurse Ffm am 1.3.04
Eröffnung 0,43 €
Hoch 0,45 €
Schluß 0,41 €

Das stimmt, endgültig bin ich dann im März raus, aber ein grossteil war eben bei 0,60 und zuvor hatte ich schon die ersten Sorgen und Kritik gepostet, auf welche man ja nicht hören wollte.

Bevor du mein lieber Newbie13 jemand kritisierst solltest du lieber genauestens nachlesen und zwar seit wann ich vor HRCT warne und kritisiere, das liegt noch ein stück davor... :-)

Aber macht ja nichts, ich verzeihe dir genauso wie allen anderen die unrecht hatten.

Ich hoffe du und die anderen, sind immer noch am nachkaufen... grins... :-)
Ich bin noch gut ausgestiegen und dafür bin ich froh, wie immer ein guten Riecher gehabt....

mfG
BRasil

p.s.: Und nun bin ich wieder weg.... da ich wichtigere Geschäfte in Indien verfolge....bis später mal...

[Newbie13]

Um es (gerade auch den neueren Lesern) noch deutlicher zu machen:
Ich habe jetzt mal etliche Brasil-typische "strong-buys" aus dem letzten Februar-Drittel 2004 zusammengestellt.
SELBST AN DEM TAG, AN DEM ER ANGEBLICH ALLES VERKAUFT HAT, HAT ER DER GEMEINDE NOCH "STRONG-BUY" GESAGT.
Keine "Warnungen" vor dem 2.3.04.
Also: Er lügt nicht nur, er gibt auch zu, dass er, obwohl er schon zweifelte, seine "strong-buys" von sich gab. Er pushte also in seiner Geisteswelt mit der Hoffnung, den Kurs stützen zu können, um sich einen besseren Ausstieg zu ermöglichen.
Wer es nachverfolgen möchte, kann es anhand der Postingnummern sicher hinkriegen. Sie sind nachfolgend ja aufgeführt.
Es geht hier nicht um die Frage, ob er Recht hatte oder nicht. Es geht darum, ihn anhand seiner eigenen Ausführungen zu entlarven.

Hier nun die genannten Ausschnitte:
________________________________________________________________
#3041 von Brasil 23.02.04 23:17:21

...

Es ist nur noch eine Frage der Zeit bis der Aktienkurs
von HRCT das derzeitig grosse Potential widerspiegelt.

HRCT Strong Buy ! mfG BRasil
________________________________________________________________
#3043 von Brasil 24.02.04 14:20:52

.....

HRCT Strong Buy! mfG BRasil
________________________________________________________________
#3046 von Brasil 24.02.04 23:15:52

.....

HRCT Strong Buy ! mfG BRasil

________________________________________________________________
#3050 von Brasil 25.02.04 14:03:28

....

HRCT Strong Buy ! mfG BRasil
________________________________________________________________
#3057 von Brasil 26.02.04 12:53:04

.........

Und dann sehen wir den ganzen Dollar wieder!

HRCT Strong Buy ! mfG BRasil
________________________________________________________________
#3076 von Brasil 26.02.04 20:21:25

.........


In diesem Sinn,

HRCT Strong Buy ! mfG BRasil

________________________________________________________________
#3098 von Brasil 27.02.04 11:55:25

....

In diesem Sinn HRCT Strong Buy ! mfG BRasil

________________________________________________________________
#3121 von Brasil 29.02.04 01:16:17

......

Festhalten Leute, der Zug fährt ab!

HRCT Strong BUY! mfG BRasil
________________________________________________________________
#3134 von Brasil 01.03.04 11:04:38

.......

HRCT Strong Buy ! mfG BRasil
________________________________________________________________
#3172 von Brasil 02.03.04 12:46:42

.....

Wie ich schon früher oft angekündigt habe, werde
ich euch mitteilen wann ich mich von HRCT trennen werde.
Nun, seit gestern bin ich kein HRCT-Aktionär mehr und
habe mein HRCT Depot vollständig geräumt.

Gründe gibt es viele:

......


In diesem Sinn, noch alles gute an alle HRCT`ler.

mfG BRasil
________________________________________________________________

[bettelmann]

Wir sind mal wieder am ATL!
Kein Interesse an der Aktie, in Amerika noch weniger als hier. Keine Reaktion auf die Zahlen, nichts.

[Franz Beckenbauer]

Man wußte im Vorfeld das die Zahlen keinen Hype auslösen würden. Es ging hier vorrangig nur darum den Fahrstuhl (der nach unten sauste) zu stoppen. Die Gewichte die uns in den Keller zogen (die schwerfälligen Beteiligungen mit großen Umsätzen aber kaum vorhandenen Gewinnen) sind weg und man hat nun freie Sicht nach vorne. Die aktuelle Basis ist nicht schlecht, nur leider noch etwas mickrig. Es bleibt die spannende Frage ob und wie es gelingt vernünftig zu wachsen. Die finanzielle Lage ist nicht besonders prickelnd. Aber CH zeigte sich kürzlich verhalten optimistisch das es Mittel und Wege gäbe weitere Übernahmen zu bewerkstelligen. Die Leute sind aufgrund der Vergangenheit halt sehr vorsichtig geworden und werden daher den nächsten Schritt abwarten bevor sie in HRCT wieder investieren. Wenn eine gute Meldung kommt dann reicht es immer noch bei 0,10-0,15 € einzusteigen um einen evtl. Aufwärtstrend zu begleiten. Grob hochgerechnet haben wir immer noch ein KGV von ca. 60. Zuviel für viele um jetzt einzusteigen ohne das man einen klaren Aufwärtstrend erkennen kann. Dies kann sich allerdings in Kürze schon ändern falls eine vernünftige Übernahme zustande kommt !! Man befindet sich schon länger in Verhandlungen mit div. Kandidaten und kürzlich ist CH von einer Amerika + China Reise zurück gekommen......wer weiß.....vielleicht hat sie ein paar schöne Sachen im Gepäck ??

Franz

[Nina424671]

[posting]853.321 von Brasil am 27.04.00 09:54:20[/posting]Schön wäre es gewesen, die am 27. April 2000 gewertete Aktie von Brasil

Akueller Kurs: 0.01 Cent
Kursziel: bis 2009 1.01 $

Grüsse Nina424671


----------------------------------------------------

#1 von Brasil 27.04.00 09:54:20 Beitrag Nr.: 853.321

Hi Leute !

Für mich ist aus heutiger sicht Hartcourt HRCT ein klarer Kauf....
akt. Kurs in Amerika 7,375.....
Mein Kursziel ist 80 Dollar....
das sind in etwa nette 1000%....

wer mehr über HRCT wissen will kann sich auf der Seite von HRCT sehr gut Informieren oder auch hier im Board gibt es ne Menge Leute die ständig über HRCT schreiben....

www.hartcourt.com

mfG

Brasil

[KATZENHASSER]

die alten kamellen interessieren doch keinen mehr.
brasil ist seit mai offline.
vielleicht lebt er gar nicht mehr

[Nina424671]

[posting]18.314.823 von KATZENHASSER am 17.10.05 18:03:30[/posting]32 000$ Nettogewinn haben diese Leute heute angezeigt. (Net income was $32K)

Gruss Nina

The Hartcourt Companies, Inc. (OTC BB: HRCT) (Frankfurt: 900009), today announced its first quarter 2006 results as of August 31, 2005.

Revenue was nearly $11 million for the first quarter, up 25% compared to a year ago same period, excluding the Zhejiang market which we exited at the beginning of 2005. Samsung notebook sales were the driving force behind the revenue increase. Notebook sales accounted for 20% of overall revenue, a tremendous growth since we entered this market in late December 2004. "We made a strategic move last year and time has proofed it was a wise one," commented Ms. Hartwick, CEO of Hartcourt, "notebook is the fastest growing segment of the Chinese consumer electronic market and we are participating in this exciting phenomenon."

First quarter gross margin improved to 3.46%, up from 3.03% a year ago, resulted from better product mix. Operating expenses lowered to $488K, or 16% reduction compared to a year ago, a result of tight expenditure control. Net income was $32K, compared to a loss of $2,848K a year ago. "We have consistently stayed on the course of generating net income since the beginning of 2005," Ms. Hartwick said, "overcome many hurdles during the year. We will continue to drive cost reductions to make ourselves competitive in the market place."

[Nina424671]

[posting]18.314.823 von KATZENHASSER am 17.10.05 18:03:30[/posting]Lieber Katzenhasser

Stocks showing interesting activity yesterday at the close of the regular trading day were: The Hartcourt Companies, Inc. (OTCBB: HRCT) up 26.4% on 1.3 million shares traded............


Wallstreet USA wohlgemerkt hat sich für diese Firma plötzlich gemeldet, nicht die Europäer.

Bei 170 Millionen Aktien, ca. identisch mit Red Hat und einem neuen KGV mit ca. 172

Achten sie bitte darauf, was noch folgt in den nächsten 7 Tagen, es kommen noch mehr Nachrichten.

Nina

[KATZENHASSER]

KGV 172

[Nina424671]

[posting]18.350.675 von KATZENHASSER am 19.10.05 22:09:35[/posting]#10 von RisingStar 03.09.00 17:59:39 Beitrag Nr.: 1.733.164
Dieses Posting: versenden | melden | drucken | Antwort schreiben

hallo,

ich kann nur sagen, kauft was das Zeug hält und behaltet die Nerven!!!!

Bitte keine Verkäufe bist Oktober! Denkt an den letzten Oktober*G*!


Laßt uns nachher fett einen Hartcourt-familiy-Urlaub aus Neureichen starten! Behaltet die Ruhe!!!!

Gruß,

RS

Das war zu beginn des Jahres 2000 von RS

[Frakt@l]

Weiß jemand, warum Hartcourt ab heute ein E als Zusatz im ticker hat ?? Der Quartalsbericht ist doch seit dem 17.10. raus.

Fraktal

[Franz Beckenbauer]

Entdeckt von "Rattlesnake" aus dem IHub:

ich glaube, es geht hier um folgendes. aus dem letzten 10q-filing:

OUR COMMON STOCK MAY NOT REMAIN ELIGIBLE FOR QUOTATION ON THE OTC BULLETIN BOARD.

Our common stock is quoted on the OTC Bulletin Board which requires compliance with certain filing requirements as set forth in NASD Rules 6530 and 6540 in order to remain eligible for quotation. Hartcourt currently is not in compliance with such NASD Rules because we have not remained current in our reporting obligations to the Securities and Exchange Commission under Section 13 or 15(d) of the Securities Exchange Act of 1934, which requires certain issuers of registrable securities to file periodic reports. Specifically, Hartcourt has not filed a complete Form 10-KSB for the fiscal year ended December 31, 2003 due to the fact that our Form 10-KSB was filed with an audit opinion that was qualified as to scope.

Franz

[Frakt@l]

[posting]18.357.893 von Franz Beckenbauer am 20.10.05 15:23:28[/posting]Etwas merkwüdig, dass es jetzt ein E geben soll für einen nicht vollständigen Jahresbericht 2003 ...
Ist die Bürokratie in den USA etwa noch langsamer als bei uns ? Kaum vorstellbar !!

Ich könnte mir eher vorstellen, dass das wieder ein Versehen ist, wäre nicht das erste Mal. Eigentlich hätte der Quartalsbericht ja wohl zum 15. Oktober raus sein müssen, er kam aber erst am 17. Oktober. Vielleicht hatte das System da schon die Vergabe des E angestossen.


Fraktal

[Franz Beckenbauer]

Da der 15.te ein Samstag war, müsste es eine Verlängerung von 1 Tag geben !!

Franz

[Nina424671]

von KATZENHASSER 28.12.03 19:28:01 Beitrag Nr.: 11.697.448

Schon mal überlegt, was HRCT für eine Market- Cap.
bei 10 $ hätte???
Völlig unrealistisch!!!!
Max. 1 $.
Mehr is nich.

KATZENHASSER
----------------------------------------------------
Ich habe heute nichts gesehen unter Hartcourt, habt ihr ev. Infos?

Nina Danke

[Obertor]

[posting]18.358.838 von Franz Beckenbauer am 20.10.05 16:21:43[/posting]#1 von Brasil 28.12.03 16:09:47 Beitrag Nr.: 11.696.868

Hallo Leute !

Aufgrund einiger Meilensteine die HRCT in den letzten Monate erreicht hat, des mehrfach bestätigten Businessplan`s, der gelungen Verpflichtung von Frau Hartwick (ehemals DELL) und aufgrund des äusserst starken PC-Wachstums China`s interessiert mich mal eure Vorstellung von reellen Kurszielen bis Ende 2005.

Warum bis Ende 2005, nun das soll ja das interne Ziel von HRCT sein, mindestens 1 Milliarde Umsatz zu erreichen und deshalb nehme ich es zum Anlass mal eure Einschätzung davon und eure Kursziele im allgemeinen zu erfragen....

Mein Kursziel kennen einige hier sicherlich schon, aber um es nochmals Publik zu machen...

Ich sehe HRCT bei etwa 8-10 Dollar bis Ende 2005.


mfG
BRasil

Ist das ev. ein Schreibfehler. Diese Frage geht an alle, die sich mit dieser Firma beschäftigen

[Franz Beckenbauer]

Diese Einschätzung ist lockere 2 Jahre alt.
Damals hatte HRCT einen ca. Umsatz von fast $ 500 Mio.
Große Beteiligungen mit sehr großen Umsätzen aber praktisch null Gewinnen. Diese nicht sehr lukrativen Beteiligungen wurden fast alle abgestossen.

Das Business hat sich geändert und wurde straffer auf Gewinn und Wachstum ausgelegt.

Bitte diesen veranlteten Thread nicht mehr benutzen sondern den anderen Ist aktueller !

Franz

[lottojan10]

@ oberto

was machen eigentlich deine blues

bist du bei hrct investiert oder schaust du nur

dein kursziel ist sehr, sehr optimistisch,selbst wenn du hongkong dollar meinst


ich habe hrct das erste mal am 13.01.01 gekauft, damals für 0,56 € kann über walstr ol. keinen chart aufrufen, der
die letzten 4 jahre anzeigt, hab damals aber auch kein großes los gezogen, war aber ok für son hot stock.


eine milliarde umsatz hab wohl lange nicht mehr reingeschaut, bin aber immer noch investiert, zum 2. mal einstieg am 12.07.04 zu 0,17 hab sie noch und warte ab.


ich hab aber auch immer noch china online damals 02/00 bei 0,05 gekauft.


wie dem auch sei viel glück mit hrct für uns alle

der name allein ist ja schon sehr vielversprechend

grüße lotto

[Obertor]

[posting]19.696.927 von lottojan10 am 13.01.06 15:55:27[/posting]Halo Lotto

Du bist gut und schon lange dabei, ich bin auch dabei aber nicht soooo lange.

Meine Blues entwickeln sich auch gut, manchmal lohnt es sich gar nicht, wenn man im Hot Stock mitmacht.

Grüsse Tor

[Ahaaa]

Quelle: http://biz.yahoo.com/e/060118/hrct.ob10-q.html

Form 10-Q for HARTCOURT COMPANIES INC

18-Jan-2006

Quarterly Report


Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations

Forward-looking Statements

This report contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. For example, the words believes, "anticipates,plans,expects,intends and similar expressions are intended to identify forward-looking statements. Our actual results and the timing of certain events may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such a discrepancy include, but are not limited to, those discussed in Risk Factors Affecting Future Results and Liquidity and Capital Resources below. All forward-looking statements in this document are based on information available to us as of the date hereof and we assume no obligation to update any such forward-looking statements. The following discussion should be read in conjunction with our unaudited condensed consolidated financial statements and the accompanying notes contained in this quarterly report. Unless expressly stated or the context otherwise requires, the terms we,our,us and Hartcourt refer to The Hartcourt Companies, Inc. and its subsidiaries

Overview

We are a distributor of internationally well known brand named IT hardware products and related software and services. The main products are Samsung branded notebooks and monitors. Almost all of our revenue for the last two fiscal years and since the transition period ended May 31, 2005 was attributed to distribution revenues from sales of Samsung products in China. Our Samsung distribution business began in March 2003, through the acquisition of a Chinese company named Huaqin Shanghai, who was the distributor of Samsung monitors in the Eastern part of China. In August 2004, Huaqin Shanghai obtained additional distribution rights from Samsung for its notebook product line in the same geographic area. In February 2005, we acquired major assets from a Chinese company named Beijing Control Tech, who was the distributor of ClearOne audio products and Radvision video conference products and services in China. Control Techs agreement with Radvision terminated on April 1, 2005. We have ceased distribution of Radvision Products during the first quarter of 2006, pending a settlement with Radvision to resolve the distributorship dispute.

Most international and domestic manufacturers of IT products in China rely on distributors, such as Hartcourt, to augment their sales and marketing operations. As a stocking, marketing, and financial intermediary, the distributor relieves manufacturers a portion of the costs and personnel associated with stocking and selling their products (including otherwise sizable investments in finished goods inventories, accounts receivables and distribution networks), while providing geographically dispersed selling, order processing, and delivery capabilities. At the same time, the distributor offers a broad range of customers the convenience of accessing from a single source with multiple products and rapid or scheduled deliveries, as well as other value-added services such as after sales service. The growth of the IT distribution industry in China has been fostered by many manufacturers who recognize that distributors are essential extensions of their marketing organizations. Most of our customers require delivery of the products they have ordered on schedules that are generally not available on direct purchases from manufacturers, and frequently their orders are of insufficient size to be placed directly with manufacturers.

Our sales organization is divided by product lines, such as the monitor group and notebook group. Zhou Jing Jing, our Vice President of Operations, who joined Hartcourt during the first quarter of fiscal 2006, is responsible for our sales organization. We have a centralized online Enterprise Resources Planning (ERP) system to support the daily operations, connecting order taking, inventory management, distribution, credit, accounting and other related functions.

We have authorized distribution rights with respect to Samsung monitors, notebooks and certain digital products covering the consumer and commercial product distribution channels in Shanghai, a metropolitan city with a population of 20 million people. The authorized distribution agreement signed between Huaqing Shanghai, a 51% owned subsidiary, and Samsung has one-year terms and is renewed on an annual basis. In exchange for this authorized distribution right, as well as purchase price protection and reimbursed advertising and promotion expenses from Samsung, we are required to achieve quarterly purchase targets set by Samsung and perform sales promotion and advertising activities under Samsung`s direction, in addition to meeting other Samsung operational requirements. Almost all of our sales for the quarter ended November 30, 2005 comprised of Samsung products, of which, monitors accounted for 83% of the revenue and notebooks accounted for 16% of revenue. Approximately 90% of our revenue derived from Sansung monitor sales and 10% from Samsung notebooks in fiscal 2004. We expect that sales of Samsung products will continue to account for substantially all of our sales revenue for the foreseeable future.

Excluding the Zhejiang Samsung market which we no longer service as of the beginning of 2005, our Samsung sales in Shanghai grew 15% compared to a year ago same period.

The markets in which we compete are dynamic and highly competitive. We expect competition to intensify in the future. Our current and potential competitors include the local distributors of Philip and LG monitors in the Shanghai region, as well as other distributors of notebooks made by multinational and leading Chinese notebook manufacturers.

The principal competitive factors that affect the market for our business are available working capital to finance the revenue growth in terms of inventory and trade receivable; the ability to contain operating costs, as well as adding new product lines to our distribution list.

Although Huaqin Shanghai has been the exclusive distributor for select Samsung IT products in the Shanghai region for the last 5 years, much of the services we provide can be performed by our competitors. In addition, there is a risk that Samsung may allow our competitors or new entrants to the market to take a portion of our Samsung distributor business which would have an adverse impact on our business and revenues.

We sell Samsung monitors, notebooks and digital devices to large regional retail stores and to second tier distributors who then resell to smaller retail stores. To promote Samsung`s upscale product image, we also manage several Samsung image stores in Shanghai, selling a full range of Samsung consumer electronic products in Shanghai`s downtown shopping districts in partnership with Samsung. For the Samsung products for which we have authorized distribution rights, we provide product warranty services to retail consumers on behalf of Samsung. In addition, we provide and charge for after-sales repair, maintenance and service. Our top customers for the quarter ended November 30, 2005 were Guowei, a major retailer and a distributor in Shanghai which accounted for approximately 19.3% of our revenue; Aiwei, a second tier distributor which accounted for approximately 9.5% of our revenue; Hongtou Sanbao, a mega consumer electronic chain store which accounted for approximately 5.3% of our revenue; and, Huahai, a distributor which accounted for approximately 5.3% of our revenue. During the quarter ended November 30, 2005 no other customer or distributor made up more than approximately 5% of our total sales. In fiscal 2004, Hangzhou Huaqin, a distributor in Zhejiang province, accounted for 31% of our revenue, Chenqin, a Shanghai distributor, accounted for approximately 8% of our revenue. No other customers or distributors accounted for more than approximately 5% of our revenue for the quarter ended November 30, 2004.

We source our products from Samsung. As of November 30, 2005, approximately 65% of our Samsung inventory consisted of monitors and approximately 35% consisted of notebooks. It is the current practice of Samsung to protect its distributors, such as the Company, against the potential write-down of such inventories due to technological changes or Samsung`s price reductions. Under the terms of the distributor agreement, and assuming the distributor complies with certain conditions, Samsung is required to credit us for inventory losses incurred through reductions in manufacturers` list prices of the items. Because most of our business is on an as-needed basis and varies slightly, we have no customer orders extending more than a week into the future.

We added audio/video equipment distribution business in March 2005, after acquiring major assets from Control Tech, a Chinese distribution company. Our distribution agreement with Radvision was terminated on April 1, 2005. Sales of Radvision products ceased during the first quarter, 06. Control Tech is trying to amicably resolve the disputes with Radvision.

Results of Operations

The following table sets forth the consolidated statements of operations and the
percentage change for the three months ended November 30, 2005, with the
comparable reporting period in the preceding year.

Three Months Ended
November 30, Percentage November 30,
2005 Change 2004
Net revenue $ 11,936,548 -40.15 % $ 19,945,688

Cost of revenue:
Cost of revenue 11,105,879 -42.07 19,170,118
Gross profit 830,669 7.10 775,570

Operating expenses:
Selling, general and administrative 307,238 -56.28 702,662
Depreciation and amortization 20,441 45.46 14,053
Total operating expenses 327,679 -54.28 716,715
Interest income/(expenses)-net (8,650 ) 37,152
Other income 148,247 15.06 128,838
Minority Interest expense 359,410 37.00 262,341
Discontinued operations expenses, net -100.00 47,283
Income before income taxes 283,177 2,793.40 9,787
Provision for income taxes 178,487 -
Net income $ 104,690 969.68 % $ 9,787


The following table sets forth the condensed consolidated statements of operations, expressed as a percentage of net revenue, for the periods indicated:

Three Months Ended
November 30, November 30,
2005 2004
Net revenue 100.00 % 100.00 %
Cost of revenue 93.04 96.11
Gross margin 6.96 3.89

Operating expenses:
Selling, general and administrative 2.77 3.67
Depreciation and amortization 0.18 0.07
Total operating expenses 2.74 3.59
Interest income/(expenses)-net (0.07 ) 0.19
Other income 1.24 0.65
Income before income taxes 2.37 0.05
Provision for income taxes 1.50 -
Net income 0.88 % 0.05 %


Three and Six Months Ended November 30, 2005 Compared to Three and Six Months Ended November 30, 2004.

Net Revenue

We recorded net sales of US$11,936,548 for the three months ended November 30, 2005, compared to US$19,945,688 for the same period in 2004, excluding the discontinued operations. Lower sales is due to our exit of Zhejiang province market on the Samsung product as a result of Samsung distribution channel re-arrangement. Excluding the sales to Zhejiang region in 2004, Samsung product sales in Shanghai grew 15% for the three months ended November 30, 2005 compared to a year ago same period. For the six moths ended November 30, 2005, we recorded net sales of US$22,705,312, compared to US$38,799,565 a year ago same period. Excluding the sales to Zhejiang region, revenue grew 18% compared to a year ago same period.

Cost of Revenue and Gross Margin

Cost of Goods Sold amounted to US$11, 105,879 for the three months ended November 30, 2005, compared to US$19,170,118 for the same period in 2004, excluding discontinued operations. Cost of Goods Sold amounted to US$21,501,801 for the six months ended November 30, 2005, compared to US$37,452,878 for the same period in 2004, excluding discontinued operations. Almost all of the cost of sales for the three months and six months ended November 30, 2004 and 2005 represented the cost of Samsung products

Gross margin was US$830,669 or 6.96%, for the three months ended November 30, 2005 compared to US$775,570 or 3.89%, for the same period in 2004. Gross margin was US$1,203,511 or 5.30% for the six months ended November 30, 2005 compared to US$1,346,687 or 3.47% for the same period in 2004. The improvement in gross margin was due to better product mix and vendor rebates.

Selling, general and administrative expenses: Our selling, general and administrative expenses were US$307,238 for the three months ended November 30, 2005 compared to US$702,662 for the same period in 2004, representing a decrease of US$395,424, or 56%, due to lower advertising and promotion expenses. Selling, general and administrative expenses were US$776,839 for the six months period ended November 30, 2005 compared to US$1,271,070 for the same period in 2004, representing a decrease of US$494,231 or 41%, due to lower advertising and promotion expenses.

Depreciation and amortization expenses: Our depreciation and amortization expenses were US$20,441 for the three months ended November 30, 2005 compared to US$14,053 for the same period in 2004. The increase was primarily due to our acquisition of Control Tech. Depreciation and amortization expenses were US$39,133 for the six months ended November 30, 2005 compared to US$28,740 for the same period in 2004. The increase was primarily due to our acquisition of Control Tech.

Interest income: Interest income was US$42,706 and US$43,651 for the three months ended November 30, 2005 and 2004. The decrease was due to lower third party borrowing incurred in this quarter. Interest income was US$73,442 and US$88,279 for the six months ended November 30, 2005 and 2004. The decrease was due to lower third party borrowing in 2005.

Interest expenses: Interest expenses were US$51,356 and $6,499 for the three months November 30, 2005 and 2004. The increase of US$44,857 or 690%, was primarily due to the increase of short-term borrowing. For the six months ended November 30, 2005 and 2004, interest expenses were US$90,212 and US$51,531 respectively. The increase of US$38,681 was due to increase of short term borrowing.

Other revenue: Other revenue mainly represented income from disposal of properties owned by Huaqing of US$124,490, and other income of $23,757.

Income from Continuing Operations: Income from continuing operations for the three months ended November 30, 2005 was US$642,587, compared to US$224,845 a year ago, primarily as the result of lower operating expenses. For the six months period ended November 30, 2005 and 2004, income from continuing operation was US$387,539 and US$46,877. The increase was mainly due to lower operating expenses in the quarter ended November 30, 2005.

Minority interest: Minority interest represented the profit shared by the minority shareholders of Huaqing (49%) and Control Tech (10%) for the three month and six month periods ended November 30, 2005. For the three month and six month periods ended November 30, 2004, minority interest represented the profit shared by the minority shareholders of Huaqing (49%) only.

Income tax: We made provision for PRC income taxes of US$178,487 and US$208,251 for the three months and six month ended November 30, 2005. This provision for taxes relates to the estimated amount of taxes that would be imposed by tax authorities in the PRC. None of our income is subject to U.S. taxes.

Liquidity and Capital Resources:

Our principal capital requirements during the quarter ended on November 30, 2005 have been primarily funded by Chinese short term bank loans.

As shown in our accompanying financial statements, we had a net income of US$104,690 for the three months ended November 30, 2005 as compared to US$9,787 for the same period in 2004 due to higher gross margin and various rebates from the vendor. Our current assets exceeded our current liabilities by US$5,455,090 as of November 30, 2005.

As of November 30, 2005, we had working capital of US$5,455,090. In addition to our working capital on hand, we intend to obtain needed capital through a combination of bank loans and sale of our equity securities. However, there are no commitments or agreements on the part of anyone at this time to provide us with additional bank financing or purchase of securities. If we are unable to raise the necessary additional working capital, our operations and financial condition may be adversely affected.

Operating activities: During the six months ended November 30, 2005, net cash used in operating activities increased to US$994,199, compared to US$585,816 during the same period in 2004. The increase in cash used in operating activities resulted mainly from clearance of other liabilities of Huaqing.

Investing activities: Net cash provided by investing activities during the six months ended November 30, 2005, was US$870,283 compared to cash used in investing activities of US$3,766,201 for the same period in 2004. The cash provided by investment activities in the six months ended November 30, 2005 was mostly due to US$522,116 proceeds from disposed property and recovery of notes in the amount of US$362,834.

Financing activities: Net cash used in financing activities during the six months ended November 30, 2005 equaled to US$366,955 compared to US$4,113,356 during the same period in 2004. Net cash used in financing activities in the six month ended November 30, 2005 and 2004 mainly represents the repayment of balance due to related parties.

As a result of the above activities, we experienced a net decrease in cash of US$477,756 for the six months ended November 30, 2005.

Contractual Obligations

During the quarter ended November 30, 2005, we do not have any contractual obligation other than the facility leases described in Note 14(b) of financial statements.

Off-Balance Sheet Arrangements

During the quarter ended November 30, 2005, the Company did not engage in any off-balance sheet arrangements as defined in Item 303(a)(4) of the SEC`s Regulation S-K.

Critical Accounting Policies and Estimates

For a description of what we believe to be the critical accounting policies that affect our more significant judgments and estimates used in the preparation of our condensed consolidated financial statements, refer to our Annual Report on Form 10-K for the 5-month transition period ended May 31, 2005. There have been no changes in our critical accounting policies since August 31, 2005.

Voting Results of Annual Shareholders Meeting on Nov 23, 2005

Hartcourt reconvened its shareholder meeting on Nov 23, 2005. Total 104,810,254 shares were voted, among which, 1) 99.49% of shares were cast in favor of proposal 1: to amend the Articles of Incorporation of the Company to increase the authorized number of shares of common stock by 185,000,000 shares and to eliminate the 1,000 authorized shares of Preferred Stock; 2) 99.99% of shares were cast in favor of proposal 2: to amend the Bylaws of the Company to set the term of office for directors to 2 years; 3) 99.94% of shares were cast in favor of proposal 3: to elect five members of the Board of Directors; 4) 99.99% of shares were cast in favor of proposal 4: to ratify the appointment of Kabani & Company, Inc., as the Companys independent public accountants for the fiscal year ending May 31, 2000; and 5) 99.65% of shares were cast in favor of proposal 5: to approve the adoption of the 2005 Stock Option Plan.

Risk Factors Affecting Future Results

Investing in our common stock involves a high degree of risk. In addition to the other information contained in this quarterly report, you should carefully read and consider the following risk factors. The risks described below are not exhaustive of the risks that might affect our business. Other risks, including those we currently deem immaterial, may also impact our business. If any of these risks actually occur, our business, financial condition or operating results could be materially adversely affected and could result in a complete loss of your investment or a sever reduction in the trading price of our common stock.

IF WE CANNOT MAINTAIN DISTRIBUTION AGREEMENTS WITH OUR KEY VENDORS, OUR ON-GOING BUSINESS WILL BE SEVERELY IMPACTED OR FAIL.

Approximately 100% of our revenue in the quarter ended November 30, 2005, was generated from sales of Samsung products. We sign an annual distribution contract with Samsung. There is no guarantee the distribution contract will be renewed. If our relationship with Samsung is severed, we will experience major revenue or profit decline.

WE HAVE INCURRED SIGNIFICANT LOSSES IN THE PAST AND HAVE A HISTORY OF NEGATIVE CASH FLOW FOR OPERATIONS AND MAY NOT ACHIEVE OR SUSTAIN CONSISTENT PROFITABILITY, WHICH COULD RESULT IN A DECLINE IN THE VALUE OF OUR COMMON STOCK OR OUR INABILITY TO SUPPORT OUR OPERATIONS OR FUTURE CAPITAL REQUIREMENTS.

We have received a report from our independent auditors containing an explanatory paragraph that describes doubt about our ability to continue as a going concern due to our historical operating losses and recurring negative working capital. We have incurred net losses and experienced negative cash flows from operations in the last 5 years. As of November 30, 2005, we had an accumulated deficit of approximately US$67 million.

Whether we can achieve cash flow levels sufficient to support our operations for at least the next twelve months, and whether we will then be able to maintain positive cash flow, cannot be accurately predicted. Unless such cash flow levels are achieved, we will need to borrow additional funds or sell debt or equity security, or some combination thereof, to provide funding for our operations. There can be no assurances that any additional debt or equity financing will be available to us on acceptable terms, if at all. The inability to obtain debt or equity financing could have a material adverse effect on our operating results, and as a result we could be required to cease or significantly reduce our operations, seek a merger partner or sell additional securities on terms that may be disadvantageous to shareholders. In addition, irrespective of our revenue, we may not achieve or sustain profitability in future periods as a result of our operating expenses.

THERE ARE RISKS ASSOCIATED WITH OUR BUSINESS STRATEGY CONTEMPLATING GROWTH THROUGH ACQUISITIONS AND JOINT VENTURES.

As a component of our growth strategy, we intend to continue to enhance our business development by acquiring other businesses. However, our ability to grow through such acquisitions and joint ventures will depend on the availability of suitable acquisition candidates at an acceptable cost or at all, our ability to compete effectively to attract and reach agreement with acquisition candidates or joint venture partners on commercially reasonable terms, the availability of financing to complete larger acquisitions or joint ventures. In addition, the benefits of an acquisition or joint venture transaction may take considerable time to develop and we cannot assure you that any particular acquisition or joint venture will produce the intended benefits. Moreover, the identification and completion of these transactions may require us to expend significant management and other resources.

OUR COMMON STOCK MAY NOT REMAIN ELIGIBLE FOR QUOTATION ON THE OTC BULLETIN BOARD.

Our common stock is quoted on the OTC Bulletin Board which requires compliance with certain filing requirements as set forth in NASD Rules 6530 and 6540 in order to remain eligible for quotation. Hartcourt currently is not in compliance with such NASD Rules because we have not remained current in our reporting obligations to the Securities and Exchange Commission under Section 13 or 15(d) of the Securities Exchange Act of 1934, which requires certain issuers of registerable securities to file periodic reports. Specifically, Hartcourt has not filed a complete Form 10-KSB for the fiscal year ended December 31, 2003 due to the fact that our Form 10-KSB was filed with an audit opinion that was qualified as to scope. We are working with our auditors and pursuing other available options to remedy this matter but are at risk of having all quotations of our securities on the OTCBB being deleted. If our securities were deleted from quotation on the OTCBB, our common stock would trade in the "pink sheets" maintained by the National Quotation Bureau, Inc. which is generally considered to be a less efficient market. Our stock price, as well as the liquidity of our common stock, may be adversely impacted as a result.

THE LIQUIDITY OF OUR COMMON STOCK IS AFFECTED BY ITS LIMITED TRADING ABILITY.

Shares of our common stock are traded on the OTC Bulletin Board under the symbol "HRCT.OB". There is currently no broadly followed established trading market for our common stock. An "established trading market" may never develop or be maintained. Active trading markets generally result in lower price volatility and more efficient execution of buy and sell orders. The absence of an active trading market reduces the liquidity of our shares. The trading volume of our common stock historically has been limited and sporadic. As a result of this trading inactivity and the exchange, the quoted price for our common stock on the OTC Bulletin Board is not necessarily a reliable indicator of its fair market value. Further, if we cease to be quoted, holders would find it more difficult to dispose of, or obtain accurate quotations as to the market value of our common stock, and the market value of our common stock would likely decline.

THE LACK OF BUSINESS INSURANCE COVERAGE IN CHINA COULD MATERIALLY AND ADVERSELY AFFECT OUR BUSINESS, FINAL CONDITION AND RESULTS OF OPERATION SHOULD ANY MAJOR CATASTROPHIC DISASTER OCCURS.

We have limited business insurance coverage in China. The insurance industry in China is still at an early stage of development. In particular, PRC insurance companies offer limited business insurance products. As a result, we do not have any business liability or disruption insurance coverage for our operations in China. Any business disruption, litigation or natural disaster might result in our incurring substantial costs and the diversion of resources.

OUR CURRENT CAPITAL STRUCTURE MAY NOT BE SUFFICIENT FOR US TO ACQUIRE NEW BUSINESS OR MAINTAIN ON GOING OPERATIONS.