Hartcourt - Auf zu neuen Ufern! Teil XXXII - 500 Beiträge pro Seite

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H A R T C O U R T - VERSION 1.2 (2.5.2000)

DEFINITION

Amerikanische Internet-Beteiligungsgesellschaft, deren Focus auf dem Internet-Markt der Zukunft liegt: Asien/China

Alle Beteiligungsgesellschaften (außer UAC) erwirtschaften Profite

Hält 2 von nur 4 chinaweit gueltigen Internet Service Provider (ISP)-Lizenzen

CEO: Dr. Phan


HAUPTZIEL(Hartcourt)

Gewinn und Wachstum durch den Erfolg ihrer Beteiligungsgesellschaften.

Kernkompetenz der einzelnen Gesellschaften so kombinieren, daß ein schlagkräftiges Gesamtkonzept und ein Maximum an Synergien entsteht.

Weitere Joint-Ventures und Partnerschaften aufzubauen.


HAUPTZIEL(Beteiligungen)

Die Nr.1 im Bereich Finanzinformationen und Online-Trading in Cina zu werden

Zu den Top Internet Company`s in Asien gehören


BETEILIGUNGEN

~~~~~~48 % Sinobull.com/HuaNia.com~~~~~~

Achtung, nach dem Sinobull.com IPO ist die Beteiligung nur noch 38%

Finanz-und Online-Trading Portal, besitzt

~100 % UAC~
Anbieter von Online-Trading für Brokerage-Firmen in China

~100% FinTel~
Information Service Provider, spezialisiert auf Real-Time-Übertragung von Finanzdaten und -nachrichten über Festnetz- bzw. Wireless-Systeme

~100% Streaming Asia~
Top Internet Software Company in Hong Kong. Liefert Streaming Media Lösungen und gestaltet Webseiten.

~100 % Shangdi Network~
Strategisch, um beteiligt zu sein an:

~35% Hua Xia Network~
China`s Finanzdaten-Anbieter Nummer 1 - ähnlich Bloomberg TV and CNBC. Entwickelte Set Top Box in Partnerschaft mit Legend Holding, dem grössten Computerhersteller in China, und Microsoft um Benutzern Online-Trading
zusätzlich zum Internet-Zugang verfügbar zu machen. Auf diesen Set Top Boxen wird Sinobull.com als Finanzportal voreingestellt sein, wodurch Sinobull.com zum Finanzportal Nr. 1 in China aufsteigen kann.

~100% Guo Mao~
Real-Time Finanzdaten-Anbieter in Shanghai (China) ao


~~~35% Innostar~~~

Bereitstellung von wireless ISP und IP Phone Service via Satellit in China


~~~30 %eMPACT Solution Inc. ~~~

Spezialisierung auf Webhosting, Systemdesign und -management, Transaktionsauslastungs- und Sicherheitsüberwachung für E-Commerce Firmen.

Eine der größten chinesischen Web Management Companys, die Hostdienstleistungen für B2B E-Commerce und B2B Auction Business anbietet.


~~~ 10 % ESAT ~~~

US-Technologie-Firma, spezialisert auf high-speed Internetverbindungen via Satellit


Hauptsitz

Los Angeles


Marktkapitalisierung

Ca.20 Millionen Shares,

Insider Ownership ca 6 Million ($), Public Float ca 11 Million ($)

Marktkapitalisierung ($) = Kurs * ca 20 Millionen ($) = ca 110 Millionen ($)


Homepages

http://www.hartcourt.com
http://www.sinobull.com
http://www.innostar.com/zhuye/zhuyew.htm
http://www.asianetvest.com.hk/
http://www.streamingasia.com/servlet/dispatcher?lang=en&what…
http://www.radiocompu.com


Allgemein

Die Jahreshauptversammlung fiindet am 19 Juni 2000 in Las Vegas statt.

Die Quartalszahlen für 1Q 2000 werden am 15. Mai 2000 erwartet

Shareholder, die Teile des E&Y-Finanzreport einsehen wollen, erhalten Informationen unter http://www.hartcourt.com/i/exec-letter2.htm


Positiv

E&Y-Finanzreport ist fertig und liegt Investoren und Partner zur Durchsicht vor

HRCT-NASDAQ-NMS-Listing (2-3 Q 00)
Aufstieg vom NASDAQ OTC-BB zum NASDAQ-NMS-Wert ermöglicht fairen und MM unabhängigen US-Kurswert. Top-Investmenthäuser werden Analysen herausbringen.

Sinobull.com Marktkapitalisierung / IPO Sinobull.com (3-4 Q 00)
Konservative sinobull.com Bewertung soll bei 400 Millionen $ liegen.
Nach IPO an GEM (später NASDAQ) ist höheren Bewertung denkbar : 800-1200 Millionen $

Sinobull.com Beteiligung
HRCT-Shareholder werden voraussichtlich an der IPO beteiligt => schöne, Kursgewinne

Sinobull.com CEO
Präsident und CEO Michael Bianco, Garantie für den sinobull.com durch erstklassige Investment-Erfahrung und politischen Kontakte (u.a. zu China`s Präsidenten)
http://www.hartcourt.com/i/pressrelease031500.htm

Sinobull.com und Merill Lunch Kaufangebot
Sinobull.com`s Wertschätzung zeigt ein Angebot von Merill Lynch (Angebot 85% zu kaufen)

Innostar MK / IPO Innostar (2-3 Q 01)
Bewertung Innostar soll erheblich höher als Sinobull.com liegen (? 2000 Millionen ?)
IPO ist nächstes Jahr geplant. The Innostar project is still scheduled to begin development (Mai 2000)


Asien / China / WTO
Positionierung im zukünftig größten und aktuell am stärksten wachsendem Internetmarkt.
China`s andere Kultur und Regeln verzögert ein rasches Auftreten von US-Giganten.
Der Bonus in China lange, gute Kontakte und Vertrauen (!) zu besitzen ist unschätzbar und verhindert ein erfolgversprechenden Aufkauf Hartcourts.

Hartcourt is currently involved in negotiations with a major ISP company. Hartcourt`s intention is a minority ownership position in the company, and beginning the IPO process immediately after. As to when the IPO would be on the market, it very well could be in the 4th quarter of 2000. Hartcourt`s intention, as with all of its planned IPO`s, will be to allow pre-IPO purchase for long-term holders of Hartcourt, based on a ratio of shares held to shares made available to Hartcourt shareholders.


Negativ

An der OTC gehandelte Werte sind starken Kursschwankungen unterworfen.

Hartcourts-Erfolg ist stark abhängig von China`s Regierung und dem Erfolg der CEO`s. Ein Rüchtritt o. ä. von Dr. Phan / M. Bianco könnte erhebliche Kurskonsequenten nach sich ziehen

Aktueller Kurswert extrem unterbewertet. Zum HRCT-ATH (20) sind es + 230%, wobei innerhalb der 20 nach m.M. keine Zukunftsperspektive (1-2 Jahren) mit eingepreist ist.

Warnung von HRCT CEO Dr. Phan
In past letters, I have warned shareholders of the short-term risks and the burst of the Internet bubble. I kept repeating that if you are a daytrader, or an investor who cannot afford to hold long, please sell your shares.
Quelle : http://www.hartcourt.com/i/ceo-letters16.htm

Fazit

Hartcourt könnte zum Blue-Chip in China aufsteigen. Die Akzeptanz und politischen Beziehungen in diesem Land, der Besitz von zwei gültigen ISP-Lizenzen, die Phantasie in China (über Satelit) Finanz-und Online-Trading aufzubauen und vom zukünftig weltweit größten Internet Kundenpotential zu profitieren, könnte eine extrem lohnenswerte Vision sein.

~~~Extrem konservative Bewertung~~~

Annahme: Sinobull.com (400 Millionen) u. Innostar (1000 Millionen)

Hartcourt MK = 150 Mio (sinobull.com 38%) + 350 Mio (35% Innostrar) = 500 Mio
Hartcourt Share Price = 25 $

~~~Spekulative Bewertung~~~

China Internet Users : 20 Millionen (2001), 205 Millionen (2010)

5 % der 20 Mio I-User handeln Aktien , jeder fünfte mit sinobull.com = 200 000 User

Direktanlagebank <=> 180 000 Usern <=> 5 000 Mio $

sinobull.com <=> 200 000 User <=> ca 5 000 Mio $ (?)

Hartcourt 38 % von 5 000 Mio = 1 900 Mio

Hartcourt MK 2001 : = 1 900 Mio (?)
Hartcourt Share Price 2001 = 90 $ (?)
Hartcourt Share Price 2010 = Faktor 10 ? = 900 $ (???)


Hinweis

Diese bereitgestellten Daten sind eine Sammlung aus Internetinformationen. Daher keine Garantie für Richtigkeit, Genauigkeit und Gültigkeit. Sie dienen lediglich der Informationen und stellen K E I N E Kaufempfehlung dar. Der Author besitzt
Hartcourt-Aktien.


Viel Glück,
Fuel Cell

[Winsler]

Ich habe zum Thema HRCT eine Message von Free Edgar bekommen. Wer kann damit etwas anfangen ?

HARTCOURT COMPANIES INC has filed a Form DEF 14A (Definitive Proxy
Statement) with the United States Securities and Exchange Commission.

[l_o_g_o]

Ueber SEC-Filings auf der Hartcourt Homepage zu erreichen:
http://www.10kwizard.com/fil_submis.asp?uid=38187284&iacc=11…
Schedule 14A

(Rule 14a-101)

Information Required in Proxy Statement

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the
Registrant [ ] Check the appropriate box:

[ ] Preliminary Proxy Statement

[ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)
(2))

[X] Definitive Proxy Statement

[ ] Definitive Additional Materials

[ ] Soliciting Material under Rule 14a-12

THE HARTCOURT COMPANIES, INC.
Name of the Registrant as Specified In Its Charter
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X] No fee required.

[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

1. Title of each class of securities to which transaction applies:

---------------------------------------------------------------------
2. Aggregate number of securities to which transaction applies:

---------------------------------------------------------------------
3. Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):

---------------------------------------------------------------------
4. Proposed maximum aggregate value of transaction:

---------------------------------------------------------------------
5. Total fee paid:

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

[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.

1. Amount Previously Paid:

---------------------------------------------------------------------
2. Form, Schedule or Registration Statement No.:

---------------------------------------------------------------------
3. Filing Party:

---------------------------------------------------------------------
4. Date Filed:

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THE HARTCOURT COMPANIES, INC.
9800 South Sepulveda Blvd., Suite 818
Los Angeles, CA 90045

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To be held on Monday, June 19, 2000 at 10:00 a.m.

To our shareholders:

We will hold the annual meeting of the shareholders of The Hartcourt
Companies, Inc. ("Hartcourt") at the Las Vegas Country Club located at 3000 Joe
W. Brown Drive, Las Vegas, Nevada 89109 on Monday, June 19, 2000 at 10:00 a.m.
local time. Shareholders will consider and vote on the following proposals:

1. To elect five (5) directors to hold office for one-year terms and
until each of their successors are elected and qualified;

2. To ratify the appointment of BDO Seidman LLP as Hartcourt`s
independent public accountants for the fiscal year ending December 31, 2000; and

3. To act upon any other business that may properly come before the
meeting.

The Board of Directors has fixed the close of business on April 30,
2000 as the record date for identifying those shareholders entitled to notice of
and to vote at this Annual Meeting and at any adjournment or postponement of
this meeting. Shareholders of record at the close of business on April 30, 2000
will receive notice of and be allowed to vote at the meeting.

All shareholders are cordially invited to attend the meeting in person.
Whether or not you expect to attend the meeting, please complete, date, sign and
return the enclosed proxy as promptly as possible to ensure your representation
at the meeting. A return envelope (which is postage prepaid if mailed in the
United States) is enclosed for that purpose. Even if you have given your proxy,
you may still vote in person if you attend the meeting. Please note, however,
that if your shares are held of record by a broker, bank or other nominee and
you wish to vote at the meeting, you must obtain from the record holder a proxy
issued in your name.

By order of the Board of Directors,

/s/ Frederic Cohn
---------------------------------------
Frederic Cohn
Secretary

May 1, 2000
Los Angeles, California


THE HARTCOURT COMPANIES, INC.
9800 South Sepulveda Blvd., Suite 818
Los Angeles, California 90045

PROXY STATEMENT
FOR ANNUAL MEETING OF SHAREHOLDERS

June 19, 2000

INFORMATION CONCERNING SOLICITATION AND VOTING

General

The enclosed proxy is solicited on behalf of the Board of Directors of The
Hartcourt Companies, Inc. ("Hartcourt") for use at the Annual Meeting of
Shareholders to be held on June 19, 2000, at 10:00 local time (the "Annual
Meeting"), or at any adjournment or postponement of this meeting, for the
purposes set forth in this proxy statement and in the accompanying Notice of
Annual Meeting. The Annual Meeting will be held at the Las Vegas Country Club
located at 3000 Joe W. Brown Drive, Las Vegas 89109. We intend to mail this
proxy statement and accompanying proxy card on or about May 15, 2000, to all
shareholders entitled to vote at the Annual Meeting.

Solicitation

Hartcourt will pay for the entire cost of proxy solicitations, including
preparation, assembly, printing and mailing of proxy solicitation materials.
Hartcourt will solicit shareholders by mail through its regular employees, and
will request banks and brokers, and other custodians, nominees and fiduciaries,
to solicit their customers who have stock of Hartcourt registered in the names
of such persons and will reimburse them for their reasonable, out-of-pocket
costs. In addition, Hartcourt may use the services of its officers and
directors, and others to solicit proxies, personally or by telephone, without
additional compensation.

Voting Rights and Outstanding Shares

Only shareholders of record at the close of business on April 30, 2000 will be
entitled to notice of and to vote at the Annual Meeting. As of April 13, 2000,
there were 30,060,100 shares of common stock issued and outstanding (the "Common
Stock"). Each holder of record of Common Stock on that date will be entitled to
one vote for each share held on all matters to be voted upon at the Annual
Meeting. Shareholders may vote in person or by proxy. Each holder of shares of
Common Stock is entitled to one (1) vote for each share of stock held on the
proposals presented in this Proxy Statement. Hartcourt`s bylaws provide that a
majority of all the shares of stock entitled to vote, whether present in person
or represented by a proxy, shall constitute a quorum for the transaction of
business at the meeting. The nominees for director that receive a majority of
votes cast at the meeting will be elected.


Voting of Proxies

All valid proxies received prior to the meeting will be voted. All shares
represented by a proxy will be voted, and where a shareholder specifies by means
of the proxy a choice with respect to any manner to be acted upon, the shares
will be voted in accordance with the specification so made. If no choice is
indicated on the proxy, the shares will be voted in favor of the proposal.

In the event that cumulative voting is invoked, a proxy authorizing a vote for
management`s nominees for directors may be voted cumulatively for less than all
of such nominees. If no instructions are given on the executed proxy, the proxy
will be voted in favor of the proposals described, but votes may be cumulated
for less than all of the nominees for director.

Revocability of Proxies

Any person giving a proxy in response to this solicitation has the power to
revoke it at any time before it is voted. Proxies may be revoked by any of the
following actions:

1. Filing a written notice of revocation with our Secretary at our
principal executive office located at 9800 South Sepulveda Blvd., Suite 818, Los
Angeles, California 90045;

2. Filing with our Secretary at our principal executive office located
at 9800 South Sepulveda Blvd., Suite 818, Los Angeles, California 90045 a
properly executed proxy showing a later date; or

3. Attending the meeting and voting in person (attendance at the
meeting will not, by itself, revoke a proxy).

Shareholder Proposals

Proposals of shareholders that are intended to be presented at the next Annual
Meeting of Shareholders must be received by Hartcourt not later than May 25,
2001, at its offices located 9800 South Sepulveda, Suite 818, Los Angeles,
California 90048 in order to be included in the proxy statement and proxy
relating to that Annual Meeting. Proposals of shareholders must satisfy the
conditions established by the Securities and Exchange Commission for
shareholders proposals to be included in the Hartcourt`s proxy statement for
that meeting. Shareholders are also advised to review Hartcourt`s Bylaws, which
contain additional requirements with respect to advance notice of shareholder
proposals and director nominations.

Annual Report

An annual report, filed on form 10-KSB, for the fiscal year ended December 31,
1999, is enclosed with this Proxy Statement.

2


PROPOSAL 1

ELECTION OF DIRECTORS

The Board of Directors is presently composed of five (5) authorized directors.
The nominees for election are Dr. Alan V. Phan, Frederic Cohn, Manu Ohri,
Kenneth Silva and Hans Kloepfer, each of whom currently serves as a member of
the Board of Directors. Directors shall be elected by a plurality vote of
shareholders. Pursuant to Hartcourt`s Articles of Incorporation and Bylaws,
until December 31, 2010, three of the five directors may be elected to the Board
pursuant to the rights held by holders of Original Preferred Stock. If elected,
each nominee will serve as a director until Hartcourt`s Annual Meeting of
Shareholders in 2001, and until his successor is elected and qualified. If the
nominee declines to serve or becomes unavailable for any reason, or if a vacancy
occurs before the election (although Management knows of no reason to anticipate
that this will occur), the proxies may be voted for a substitute nominee as the
Board of Directors may designate.

If a quorum is present and voting, the nominees for directors receiving the
highest number of votes will be elected. Abstentions and broker non-votes will
have no effect on the votes.

There follows a brief description of each nominee`s principal occupation and
business experience, age and directorships held in other corporations.

Dr. Alan V. Phan, 52, is the founder of Hartcourt and has been Chairman,
President and Chief Executive Officer since November 1993. He is also the
founder of Hartcourt Investments and Hartcourt Pen. From 1986 to 1993, Dr. Phan
was the owner of Hartcourt Consulting, an engineering, equipment and technology
exporter to Asia and South America. From 1981 to 1986, Dr. Phan served as
Executive Vice President of EM Kay Group, an international aircraft leasing
company, as well as owner of Village Bank of New Jersey and Magic Marker
Industries. From 1975 to 1981, Dr. Phan was the owner of Alpha Development, a
California real estate development company; and UBI Business Brokers of Orange
County, a real estate and business brokerage office. From 1970 to 1975, Dr. Phan
was Area Manager for Eisenberg Group, an Israeli conglomerate, specialized in
trading and manufacturing of industrial and consumer products. Dr. Phan received
his academic training and degrees in Environmental Engineering from Pennsylvania
State University in 1967, and Sussex College of Technology in 1975.

Mr. Fred Cohn, 64, has been Vice President, Secretary and Director since
December 1999, and has over 30 years of diversified experience in business
management. During the last five years, Mr. Cohn was a successful entrepreneur
owning and operating medium size companies in the fields of transportation,
entertainment, manufacturing and distribution. Mr. Cohn is a member of the Board
of Directors of Enova Holdings, Inc. Mr. Cohn obtained his law degree from New
York School of Law and Bachelors degree in Accounting from Wilkes University.

Mr. Manu Ohri, 44, has been Executive Vice President, Chief Financial Officer
and Director since December 1999, and has over 19 years of diversified business
management and operations experience in public and private companies. In
addition to serving as an officer and director of Hartcourt, Mr. Ohri currently

3


holds the position of President, CEO and Director of Enova Holdings, Inc. From
January 1997 to March 1999, Mr. Ohri served as Chief Operating Officer and Chief
Financial Officer of Dynamic Cooking Systems, Inc., a privately-held
manufacturing company. From September 1989 to December 1996, Mr. Ohri served as
Chief Financial Officer of Startel Corporation, a NASDAQ company in software
development business. Mr. Ohri`s multi-faceted experience includes operations,
finance as well as administrative functions in the manufacturing, distribution
and software development industries. Mr. Ohri is a Certified Public Accountant
with over six years experience with Deloitte & Touche, LLP and
PriceWaterhouseCoopers, LLP. Mr. Ohri earned his Masters degree in Business
Administration from University of Detroit and Bachelors degree in Accounting
from University of Delhi in India.

Kenneth Silva, 74, has been a director of Hartcourt since December 1999. Mr.
Silva retired from active work in July 1996 and has been associated with
Hartcourt in various capacities since his retirement. Mr. Silva earned his B.A.
degree in accounting and banking from Armstrong College in 1950 and attended
graduate courses at American Institute of Banking. Mr. Silva has been in banking
for almost 40 years, including 22 years at Wells Fargo Bank where he last served
as Vice President of Business Development. In addition, Mr. Silva has experience
in real estate finance as Controller for a large construction firm in Los
Angeles called Intercell Industries.

Hans J. Kloepfer, 48, has been a director of Hartcourt since December 1999. From
July 1999 to February 2000, Mr. Kloepfer served as Vice President, Sales and
Marketing for Pego Systems, Inc., a distributor and representative of air and
gas handling equipment. In March, 2000, Mr. Kloepfer was appointed President of
Pego Systems, Inc. From January 1997 to March 1999, Mr. Kloepfer was a
partner/owner of Strategic Sports Marketing Group, a company engaged in the
development, sales and implementation of a media based turnkey marketing system.
From July 1986 to December 1996, Mr. Kloepfer served as Regional Manager for
Sullair Corporation, a division of Sundstrand Corporation, a manufacturer of
industrial and portable air compressors. Mr. Kloepfer graduated from California
State University Fullerton with a Bachelors Degree in Business Administration
and Economics.

THE BOARD OF DIRECTORS UNANIMOUSLY
RECOMMENDS A VOTE IN FAVOR OF EACH NAMED NOMINEE.

MANAGEMENT INFORMATION

The Board of Directors and its Committees

During the year ended December 31, 1999, the Board held eight (8) meetings. Dr.
Phan attended 100% of the meetings and the other present members attended all of
the meetings since attaining their directorships.

Options Committee

The Options Committee`s function is to review, make recommendations, maintain
and implement those grants of options promulgated by it and approved by the
Board of Directors. Directors Alan Phan and Fred Cohn comprise the membership of
this committee.

4


Audit Committee

The Audit Committee`s function is to review with Hartcourt`s independent public
accountants and management the annual financial statements and independent
public accountant`s opinion. Its responsibilities included reviewing the scope
and results of the examination of Hartcourt`s financial statements by
independent public accountants and all related fees paid in connection with such
services and recommending the retention of the independent public accountants to
the board, subject to ratification by the shareholders. Additionally, the
Committee periodically reviews Hartcourt`s accounting policies, internal
accounting and financial controls. The Board of Directors has not adopted a
written charter for the Audit Committee. The members of the Audit Committee are
Messrs. Ohri, Silva and Kloepfer. During the year ended December 31, 1999, the
Audit Committee did not hold any meetings.

Compensation and Nominating Committees

Hartcourt has no Compensation or Nominating Committees.

Certain Transactions

There are no extraordinary transactions required to be reported herein.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Act of 1934 requires Hartcourt`s executive
officers, directors and persons who beneficially own more than 5% of Hartcourt`s
Common Stock to file initial reports of ownership and reports of changes in
ownership with the Securities and Exchange Commission ("SEC"). Such persons are
required by SEC regulations to furnish Hartcourt with copies of all Section
16(a) forms filed by such persons.

Based solely on Hartcourt`s review of such forms furnished to Hartcourt and
written representation from certain reporting persons, Hartcourt believes that
all filing requirements applicable to Hartcourt`s executive officers, directors
and more than 5% shareholders were in compliance.

[rest of page intentionally left blank]

5


Beneficial Ownership Table

The following table presents, as of December 31, 1999, the beneficial ownership
of, and other interests in, shares of Common Stock of each person known to
Hartcourt to be the beneficial owners of more than 5% of its voting securities
and with respect to the beneficial ownership of such securities by each director
of Hartcourt and by all directors and executive officers of Hartcourt as a
group.


Title of Class Name & Address of Amount and Nature of Beneficial
Beneficial Owner Ownership (1) Percent
-------------- ------------------------ ------------------------------- -------

Common stock Dr. Alan V. Phan 6,204,229 (2) 20.7%
1196 E. Willow Street
Long Beach, CA 90806

Preferred 1,000 (2) 100%
Stock

Common stock CEDE & Co. 19,319,239 (3) 64.4%
55 Water Street 2SL
New York, NY 10041

Common stock Financial Telecom Limited 1,500,000 (4) 5.0%
The Center, Suite 2705
99 Queen`s Road Central,
Hong Kong

All Officers and Directors as a 6,204,229 20.7%
group

(1) Except as otherwise indicated, each of the parties listed has sole voting
and investment power with respect to all shares of common stock indicated.
Beneficial ownership is calculated in accordance with Rule 13-d-3(d) under the
Securities Exchange Act of 1934, as amended.

(2) Includes (i) an aggregate of 1,000,000 shares of common stock issuable upon
conversion of 1,000 shares of Original Preferred Stock. As the sole holder of
the 1,000 outstanding shares of Original Preferred Stock, Dr. Phan is entitled
to elect 3/5 of the number of members of Hartcourt`s Board of Directors.

(3) CEDE & Co. is a deposit trust corporation (stock brokerage company).

(4) Represents Hartcourt shares issued in connection with the purchase of FTL.
An additional 254,552 shares of common stock were issued on January 18, 2000 as
a result of post closing adjustment to the purchase price of FTL.

[rest of page intentionally left blank]

6


Executive Compensation

Summary Compensation Table

The following summary compensation table sets forth certain information
regarding compensation, required to be paid pursuant to an employment agreement
during each of the three years ended December 31, 1999, 1998 and 1997 to the
person serving as Hartcourt`s Chief Executive Officer:

Name and Principal Position Fiscal Year Annual Salary

Dr. Alan V. Phan, Chief Executive Officer 1999 $3,379,788
1998 $200,000
1997 $175,000

Hartcourt is obligated under employment contract with Dr. Alan Phan to provide
salary, bonuses, and other fringe benefits through December 31, 2001. The term
of the contract will be automatically extended for an additional term of three
(3) years, unless Hartcourt or Dr. Phan gives a written notice to the other
party before the expiration of the term. Annual base salary payments under the
contract will be $250,000 per annum for fiscal years 2000 and 2001. Payments
will be made in equal monthly installments. In the event Hartcourt does not have
sufficient cash flow to pay compensation, Dr. Phan has the option to accept
Hartcourt`s restricted common shares for the same amount of compensation. Share
price will be calculated at 50% of the market trading bid price on January 1st
of the year of employment. Dr. Phan received 100% of his salary in shares of
common stock of Hartcourt during the last three fiscal years. Hartcourt issued
restricted common shares to Dr. Phan in the amounts of 1,600,284 shares, 213,333
shares and 116,667 shares for the years ended December 31, 1999, 1998 and 1997,
respectively.

There are no salary, bonus or incentive plans covering cash or company stock
except Hartcourt`s 1995 Stock Option Plan (the "Plan"). Under the Plan,
incentive and non-qualified stock options may be granted to directors, officers
and key employees to purchase up to 2,000,000 shares of common stock at an
option price not less than the fair market value of the stock at the time the
option is granted; the option period shall not exceed ten years from the date of
grant. Except in the case of the death or disability of an option holder, vested
options lapse 90 days following termination of continuous employment by
Hartcourt. Vested options lapse one year after the death or disability of an
option holder. No options have been granted under the Plan.

Employment and Change of Control Arrangements

Dr. Phan serves as Chairman, President and Chief Executive Officer pursuant to
the terms of an employment agreement entered into in 1997 which continues in
effect until December 2002. Under terms of the agreement, Dr. Phan receives an
annual salary of not less than $200,000 and any bonus that may be determined by
the Board of Directors. In May 1998, the Board of Directors granted Dr. Phan
500,000 stock options for extraordinary services provided during 1997 on behalf
of Hartcourt. The value of the underlying common stock on the date of the grant
was $1.625. The stock options are exercisable over ten (10) years.

7


Mr. Cohn serves as Executive Vice President and Corporate Secretary pursuant to
the terms of an employment agreement entered into January 2000 which continues
in effect until December 2001. Under the terms of the agreement, Mr. Cohn
receives an annual salary of not less than $120,000 and any bonus that may be
determined by the Board of Directors.

In the event Hartcourt enters into an agreement which significantly changes the
ownership, or an agreement to dispose of the majority of Hartcourt`s assets or
stock of Hartcourt, options outstanding under the plan will vest in full and
become exercisable as of the date of such agreement. Any outstanding options,
which are not exercised or assumed, will terminate as of the date of such
disposition.

Compensation of Directors

Beginning January 1, 2000, each director currently serving on the Board received
$12,000 dollars worth of shares of Hartcourt`s Restricted Common Stock for
attendance at a minimum of four board meetings per year.


[rest of page intentionally left blank]

8


PROPOSAL 2

RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS

The Board of Directors has selected BDO Seidman LLP as our independent auditors
for the fiscal year ending December 31, 2000. The Board of Directors is
submitting its selection of independent auditors for ratification by the
shareholders at the Annual Meeting. A representative of BDO Seidman LLP will be
present at the Annual Meeting, will have an opportunity to make a statement if
the representative desires to do so and will be available to respond to
appropriate questions.

The Bylaws do not require that the shareholders ratify the selection of BDO
Seidman LLP as our independent auditors. However, we are submitting the
selection of BDO Seidman LLP to the shareholders for ratification as a matter of
good corporate practice. If the shareholders do not ratify the selection, the
Board of Directors and the Audit Committee will reconsider whether or not to
retain BDO Seidman LLP. Even if the selection is ratified, the Board of
Directors and the Audit Committee in their discretion may change the appointment
at any time during the year if we determine that such a change would be in the
best interests of Hartcourt and its shareholders.

The affirmative vote of the holders of a majority of the shares present in
person or represented by proxy and entitled to vote at the Annual Meeting will
be required to ratify the selection of BDO Seidman. Neither abstention or broker
non-votes shall have any effects on the outcome of this vote.

THE BOARD OF DIRECTORS UNANIMOUSLY
RECOMMENDS A VOTE IN FAVOR OF PROPOSAL 2.

TRANSACTION OF OTHER BUSINESS

At the date of this Proxy Statement, the only business, which the board of
directors intends to present or knows that other will present, is as set forth
above. If any other matters are properly brought before a meeting or any
adjournment thereof, it is the intention of the persons named in the
accompanying form of proxy to vote the proxy on such matters in accordance with
their best judgment.

By Order of the Board of Directors,

/s/ Frederic Cohn
---------------------------------------
Frederic Cohn
Secretary

May 1, 2000

9


THE HARTCOURT COMPANIES, INC.

PROXY FOR ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON JUNE 19, 2000

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Dr. Alan V. Phan and Frederic Cohn, and each of
them, as proxies for the undersigned, each with full Power of Substitution, to
represent the undersigned and to vote all shares of Common Stock of The
Hartcourt Companies, Inc. (the "Company") that the undersigned is entitled to
vote in the manner indicated on the reverse side hereof, and with discretionary
authority as to any other matters that may properly come before the Company`s
Annual Meeting of Shareholders to be held on Monday, June 19, 2000, and at any
and all adjournments thereof, as set forth under the heading "Transaction of
Other Business" in the accompanying proxy statement. If no other indication is
made, at the meeting and at any and all adjournments thereof, the proxy holders
will vote for (i) the election of director nominees and (ii) the ratification of
the appointment of the independent auditors and (iii) the change of domicile of
Hartcourt.

(PLEASE DATE AND SIGN ON REVERSE SIDE)

* FOLD AND DETACH HERE *

THE HARTCOURT COMPANIES, INC.

ANNUAL MEETING OF SHAREHOLDERS
MONDAY, JUNE 19, 2000

10:00 A.M.

The Las Vegas Country Club
3000 Joe W. Brown Drive
Las Vegas, Nevada 89109

IF YOU PLAN TO ATTEND THE MEETING AND YOUR SHARES ARE HELD IN THE NAME OF A
BROKER OR OTHER NOMINEE, PLEASE BRING A STATEMENT OR LETTER FROM THE BROKER OR
NOMINEE CONFIRMING YOUR OWNERSHIP OF SHARES. PLEASE MARK YOUR VOTE LIKE THIS.
[X]

THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR PROPOSAL 1.

1. ELECTION OF FIVE DIRECTORS.

01 DR. ALAN V. PHAN
02 FREDERIC COHN
03 MANU OHRI
04 KENNETH SILVA
05 HANS KLOEPFER

FOR ALL NOMINEES
[ ]

WITHHOLD AUTHORITY TO VOTE FOR ALL NOMINEES
[ ]

TO WITHHOLD AUTHORITY FOR ANY NOMINEE, CHECK THE "FOR" ALL NOMINEES BOX ABOVE
AND WRITE THAT NOMINEE`S NAME ON LINE BELOW:

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

10


THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR PROPOSAL 2.

2. RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS.

FOR [ ] AGAINST [ ] ABSTAIN [ ]


THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR PROPOSAL 3.

I PLAN TO ATTEND HARTCOURT`S 2000 ANNUAL MEETING OF SHAREHOLDERS. [ ]

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS AND WILL BE VOTED AS
DIRECTED THEREIN. IF NO DIRECTION IS GIVEN, THIS PROXY WILL BE VOTED FOR
PROPOSALS 1 AND 2.


SIGNATURE(S)_________________________________DATED:___________, 2000

THIS PROXY SHOULD BE SIGNED EXACTLY AS NAME APPEARS HEREON. EXECUTORS,
ADMINISTRATORS, TRUSTEES AND SO FORTH, SHOULD GIVE FULL TITLE AS SUCH. IF THE
SIGNATORY IS A CORPORATION, PLEASE SIGN FULL CORPORATE NAME BY A DULY AUTHORIZED
OFFICIAL. IF A PARTNERSHIP, PLEASE SIGN IN PARTNERSHIP NAME BY AN AUTHORIZED
PARTY. IF SHARES ARE HELD IN MULTIPLE NAMES, AT LEAST ONE MUST SIGN AS AN
AUTHORIZED PARTY.

[tiger242]

Hallo L_O_G_O und Hollin,

über eine gelegentliche Mitteilung Euerer Meinung wäre ich dankbar:
Das AMEX-Listing von Teltran Intl. wurde aufgrund des unzureichenden
Berichtes über das lf. Geschäftsjahr abgewiesen. Wie sieht es hier bei
Hrct aus? Werden die am 15. Mai erwarteten Zahlen rechtzeitig kommen
und aussagekräftig genug sein, um einen reibungslosen Ablauf des
NASDAQ-Listing zu ermöglichen? Diese Frage sollte u.U. vielleicht an
Hartcourt weitergegeben werden. Eine positive Antwort würde sicherlich
einige Gemüter hier im Board beruhigen.

Gruß an alle, TIGER242

[SPKC]

Hallo Tronic,

du bist einfach nur lustig!!!
Ich kann dich zwar nicht verstehen, aber du wirst schon einen Grund für die Postings haben.

Auf einen guten Start in den Staaten.

Gruß
SPKC

[panik]

hallo
aus dem ragingbull-board
SHENZHEN NEWSPAPER REPORTED HARTCOURT DEAL WITH CHINAONLINE

I had heard a rumor about HRCT!
Rumor heard that ChinaOnLine is being acquired by an American investment company called Hartcourt. They will take ChinaOnLine on an IPO in American NASDAQ valued more than $1 Billion; 10 times more than Sina.com.ChinaOnLine
owns 80 portals, has 126 offices nationwide with over 3,000 employees, and considered the third largest ISP company in China, behind ChinaNet and GB Net.

The US$1 Billion infusion of capital will push ChinaOnLine to the top spot? Let`s wait and see this exciting ISP war. Officials at ChinaOnLine office in Shenzhen and Hartcourt office in Hong Kong refused to comment on the rumor
gruß panik

[RamonAllones]

hallo zusammen,

was würde das für hrct bedeuten oder würde es sich hauptsächlich auf den kurs von china online auswirken ?

FORZA HRCT !!!

[SPKC]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[SPKC]

Noch ein paar interessante Nachrichten.

80% of Urban Chinese Believe U.S. Will Grant Beijing PNTR

(5/2/2000) Chinese urban residents are optimistic that the U.S. Congress will grant China Permanent Normal Trade Relations (PNTR) status, the April 29 Zhongguo Xinwen She (China News Service) reported.

Nearly 80% believe that bill will pass in the U.S. Congress, according to a new survey by the Horizon Market Research Group that took place on April 22 in Beijing, Shanghai and Guangzhou.

Among the 480 people surveyed, 71.7% were aware that the U.S. Congress will hold debates on China’s PNTR status. Residents of Beijing were the most politically informed—80.4% of them knew about the PNTR debates.

As for whether the U.S. Congress will pass the bill, 79.4% of those interviewed held positive outlooks. 15.7% felt "it is hard to say" and 4.9% are worried that the passage of the bill "might not be possible" or "will be definitely impossible." Shanghai residents held most positive attitude regarding the passage of the PNTR bill, with 88.5% believing it will pass.

As for the reasons they believe the U.S. Congress will pass the bill, 36.7% believed that the passage will be win-win for both countries, and 33.5% felt that Americans will benefit significantly from it. Those who are worried that the bill might not pass based their concerns on politics, human rights issues, and Taiwan.

As for some Americans’ using human rights and labor issues to block China from joining the WTO, 72.6% called it "unreasonable" or "not very reasonable." The largest such group was found in Guangzhou—74.8%


Gruß
SPKC

[scheissdreck]

@fuell cell WKN: 936 373
@ all interested

UAC is a "private" company whose principals are former China Telecom officials. UAC is in a unique marketing position as the first and only company to receive an operating license from China Telecom to use the CHINAPAC 162 Network, which links investors with their brokerage offices nationwide via the government required secure network medium. There are currently no other entities competing for this business within the PRC. Hartcourt believes that this strategic advantage will give the Company the opportunity to capture a major share of China`s dynamic and burgeoning securities market.
-------
eigentlich glaube ich nicht so recht daran, aber hab mal einen teil aus einem brief kopiert, vielleicht ist doch was dran.

xenia1245

[fuel cell]

xenia1245,

Danke, war bekannt. Falls Du Infos brauchst, ich habe über beide Zertifikate 11 Seiten vorliegen.

Gruß
Fuel Cell

[panik]

hallo
wo seid ihr ,nasdaq fällt,hrct steigt schon im plus
gruß panik

[kain]

Hi Panik.
Wir sind doch da;
Still üben wir die Geduld zu haben und mit HRCT haben wir auch wahrgenommen


DJIA 10474.85 256.27 NASDAQ 3626.10 159.35 S&P 500 1407.78 38.51 30 Yr Bond 6.11 0.09



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HARTCOURT COS INC - OTC BB Domestic: HRCT
Quote, Profile, History, News, Options, Chart , Zacks, Big Charts, MarketGuide, StockTalk Add to WatchList

Time Last Change (%) Bid (size) Ask (size)
14:49 7 1/4 3/16 (2.55) 7 1/8 (5) 7 1/4 (5)
Day Volume Day Open Day High Day Low Last Size
91,100 7 7 9/32 6 25/32 1,000
Latest Tics 52 Wk High 52 Wk Low Avg Trade Size # of Trades
-+-+ 20 1/2 7/32 792 115

2:55:32 PM EDT - Wednesday, May 3, 2000 - data is real-time.


Ciao!
kain

[Tronic]

eCapitalist.com to offer global stock trading to Chinese investors
By Eddie Chan

May 4, 2000 00:17 AM
US online brokerage firm eCapitalist.com has launched a Hong Kong version of its Web site (www.ecapitalist.com.hk) that will facilitate online stock trading among the world’s ethnic Chinese investors, company officials claim.
The company will invest US$10 million this year in building the site. Officials claim the firm is privately funded, with none of the money coming from institutional investors.

Company officials said the site’s trading system is developed by a team of in-house technicians, which allows for easier systems integration and flexibility when it comes to changing the site’s look and content. Its bilingual interface offers news and analysis on major international financial markets. Value-added services offered include interactive investment tools and tailor-made investment commentaries. eCapitalist.com is expected to average US$30 per trade transaction volume. The company expects to break even by 2002.

eCapitalist.com was founded by Dr. Daniel Kwoh and Thomas Lau, both of whom previously co-founded NASDAQ-listed Gemstar International Group, a US$8 billion company that provides electronic program guide services for users to view on screen via a TV remote control. Kwoh invented the VCR Plus+ and TV Guide Plus+ systems. Lau serves as chairman and director of several Hong Kong-listed companies. eCapitalist.com (Asia) is a subsidiary of US-based financial services group Platinum Online International.

“We see eCapitalist.com as a very exciting venture in the new millennium, as investors, especially ethnic Chinese, continue to pursue more efficient means of trading financial products in various markets,” said Lau. “Following its success in attracting thousands of customers in the US, eCapitalist.com will soon branch out into other Asian and North American cities where there are masses of Chinese populations.” The Hong Kong site is already live, while the company plans to launch a US site in July. A Taiwan office is expected to open by the end of the year.

eCapitalist.com is currently in discussions with several local banks and telcos to establish partnerships and explore other business opportunities.

[fuel cell]

eCapitalist.com

Average US$30 per trade transaction volume ?

Es würde mich wundern, wenn das der Maßstab der Transaktionskosten sein sollte. Sollte es so sein, wird die Bewertung von Sinobull noch interessanter. Falls nicht, wird der break even bis 2002 nicht zu halten sein.

Sollten eCapitalist.com eine Lizenz erhalten und Ihr vorhandene Erfahrung und politischen Fähigkeiten in China ausnutzen können, wünsche ich Ihnen schon jetzt viel Erfolg.

Eines ist jedoch sicher, Tronic belegt den Wunsch anderer Mitbewerber, auch am großen Kuchen Online Trading in China teilhaben zu wollen und zeigt uns, daß wir auf`s richtige (weil schnelleres)Pferd gesetzt haben.

Danke, Gruß und gute Nacht,
Fuel Cell

[Tronic]

Fehlinterpretation! Fehlinterpretation! Fehlinterpretation!

Hallo Fuel Cell,

ich will keineswegs zeigen, das du mit Sinobull auf´s richtige Pferd gesetzt hast. Der Artikel soll wiedermal beweisen, das Sinobull nicht der einzige Anbieter ist oder sein wird, beim OnlineTrading in China. Vielmehr drängen weitere Wettbewerber auf den chinesischen Markt oder sind sogar schon aktiv. Der Markt wird hart umkämpft sein, durch viele neue Anbieter. Die 30 US$ stellen natürlich nur den Beginn dar. Durch zahlreiche Mitbewerber werden die Preise fallen und somit auch die Gewinnmargen enger. Mann kann es gut in den U.S.A. sehen: "Viele Anbieter > sehr enge Margen" - - - Gewinne können nur durch sehr hohe Umsätze erziehlt werden. Du mußt bedenken, in den Staaten gibt es eine starke Aktienkultur; China ist zwar ein "Händlervolk", das Vermögen der einzelnen Konsumhaushalte ist aber bei weitem geringer als das eines U.S. Haushaltes. Die gehandelten Order´s werden also sehr wahrscheinlich noch kleinerer sein,als die in den Staaten. Und kleine Order´s bedeuten für OnlineBroker nur Verluste.

MfG

Tronic

[Franz Beckenbauer]

An Tronic

Du hast im vorigen Thread geschrieben wenn du auf Ablehnung stößt
wirst du das Feld räumen.

Nimm es nicht persönlich.....aber ich möchte den Anfang machen !!

Sollten die anderen deine Anwesenheit wünschen werde ich mich der
Mehrheit beugen.

Nicht´s gegen Kritik aber von dir kommt nichts rüber. Und deine
manchmal gut gemeinten Postings von diversen Artikeln sind meist
1-2 Tage alt. Hier gibt es Freaks (zu denen ich mich nicht zähle)
die echt auf "Zack" sind.

Sicherlich haben wir manchmal die "rosa Brille" auf (mich zuerst
genannt) aber wir sind alle mündige Boardmitglieder. Wir wissen
um die Chancen und Risiken. Und es ist UNSER Geld !!!

Du betreibst eine Zerstörungstaktik wie eine schlechte Fußball-
mannschaft. Nach vorne geht nichts und hinten stehst du wie
"Else Kling" mit "bösen" Wortgefechten. In deiner Abwehr sieht es
aus wie bei "L.Trenker im Rucksack" !!

Da wir immerhin bei Thread >XXX angekommen sind, dürfte dir bewußt
sein, daß du uns nicht mehr "Erschrecken" kannst. Also bekenne dich
als ein Aktionär der eine Chance sieht in HRCT und diskutiere
mit uns auf einem "normalen" Level oder such dir andere Leute denen
du Angst machen kannst. Soviel ich weiß wollen die Leute im RB-Board
dich auch nicht haben.

Also in aller Freundschaft. Hier wird bestimmt keiner nachtragend
sein. Die Entscheidung liegt bei dir !!!

Ich freue mich darauf von dir zu hören. Ich schätze die Antwort
dürfte mir bereits klar sein. (Belehr mich eines besseren)

Servus Franz...bacardi-feeling

[priestbroker]

hallo franz,

schließe mich deiner meinung an. nichts gegen vernünftiges abwägen von pro und contras (sogar erwünscht), aber
was tronic schreibt ist auch mir zu destruktiv und geht am kern der sache vorbei.

gruß
priestbroker

[panik]

hallo
was franz schon sagte stimmt,nur ich,nur für mich habe einfach keine lust mehr solchen leuten zu antworten,das kenne ich zu gut fast seit einem halbem jahr,es ist immer das gleiche,"na habt ihr angst,oder werdet ihr nervös,usw....."ich denke ihr wißtest genauso wie ich,das tronic oder auch wer anders bei seinem niveau,versucht die leute zu verunsichern,das beobachte ich auch schon beim ragingbull,er ,und sein freundchen funkyjazz oder wie alle sie heißen,jeden tag,hrct wird die 5$ sehen ahaaa usw,mein gott tronic was soll ich noch sagen,es ist schon peinlich,was du da machst,o.k.vielleicht träumen wir ja und?das solltest du wirklich uns überlaßen.o,k, tronic oder funkyjazz schöne nacht von mir
alen anderen hrct´ler natürlich auch

[scheissdreck]

New Laws Hit China Online Trading
Web Sites

(05/03/2000) China’s release of the "Interim
Regulations for the Online Securities Brokerage
Sector," which ban non-brokerage firms from engaging
in online securities trading, has caused these firms to
change their securities Web sites and alter their
business operations accordingly, the April 27
Zhongguo Xinxi Bao (China Information News)
reported.

Of China’s hundreds of securities Web sites, the
country has some 20 leading players. These can be
divided into three categories, based on how they earn
their revenues: (1) online stock trading; (2) providing
trading platforms to securities brokers; and (3) ICP
(Internet content provider) Web sites that provide
securities information.

A source from the Shanghai-based Stock Star told the
newspaper that China’s ICP-based securities Web sites
originally intended to launch ecommerce operations for
online trading, but that the new regulations now prevent
this.

He added that because Internet content focusing on
securities information falls short of what securities
brokers are demanding, Stock Star has decided to
position itself as a provider that will build ecommerce
platforms for securities brokers.

According to the newspaper, the Shenzhen-based
Stock2000.com, another major Chinese securities Web
site, also intends to offer stockbrokers an online
securities trading system, to seek cooperation with
brokers in establishing ecommerce platforms, and to
sell Stock2000 software.

Not all of China’s securities companies are changing
the services they offer, in response to the new
regulations, however. According to the newspaper,
well-known ICP sites such as Homeway.com, P5w.net,
Cf99.com and Cis.com say they have no immediate
plans to change their operatons.

Some industry insiders also told the newspaper that
their companies might cooperate or merge with portal
sites to create securities channels for these portals.

[scheissdreck]

isinolaw to Launch China Law Site



(5/3/2000) isinolaw Ltd. announced Tuesday its plan to
launch what it claims is the first government authorized
English-language Web site on China law.

Recognized by the Supreme People`s Court of China,
isinolaw.com says it has been granted the exclusive
right to put the English version of court cases and legal
materials onto the Internet.

The company is intended to open up the Chinese legal
system to non-Chinese and is expected to server as a
bridge between the legal cultures of East and West.

"Whilst China is entering the WTO, a thorough
understanding as well as a quick reference to China
Law has become vital to companies which interested in
doing business in China," said Priscilla Leung, founder
of isinolaw Limited.

She added that the exclusive right granted by the
government authorities is a remarkable step for the
open policy of China reforms.

Expected to be operational by June, the information is
available through an annual or monthly subscription,
selective subscription, pay-per-view or corporate
account.

Gordon Yuen, director of isinolaw, said the company
plans to provide other services including organizing
seminars and e-commerce as well as Internet
advertising. He expected more mirror sites to set up in
major cities around the world.

isinolaw.com aims to be the fastest search machine for
China legal affairs on the Internet, he added.

Copyright internet.net Corp., 2000. All Rights
Reserved. For more information, please visit our Web
site at http://asia.internet.com

[l_o_g_o]

Guten Morgen,

SD, Sinobull ist zum einen mit Sinobull.com ein ICP (Content Provider) und zum anderen mit wird bietet UCP anderen Securities wie GuoSen sowie den Kunden in der kuerzlichen Press release das handeln ueber ihre Trading Platform an. Was das Onlinestocktrading von Endnutzern direkt ueber das UAC Finanznetz angeht, so ist man hierfuer lizenziert, und hat andere Voraussetzungen als alle anderen Wettbewerber, da man hier als einziger Wettbewerber ueber ein sicheres Intranet (dh ein Finanznetz speziell fuer Finanztransaktionen) Services anbietet. Ausserdemm hat man mit HuaXia
Securities einen Top5 Partner - und diesen ist der Onlinehandel seit jeher und auch weiterhin erlaubt (dahinter stehen beim chinesischen Regulierer Gedanken, den heimischen Banken einen Vorteil und Schutz gegen die mit WTO-Abschluss zu erwartende auslaendische Konkurrenz zu verschaffen)

zum Thema ISP-Standbein:
letztlich brauchen wir uns nicht in Spekulationen zu ergehen. Von einem Letter of Intent mit einem ISP der 600.000 Subscriber war schon seit 3 Monaten die Rede - nun wurde dieses also mehr Realitaet.
Ein Woge der Emotionen a la *Heute, Heute ist der Zeitpunkt...* gibt es immer wieder, und trifft halt nicht immer zu. Tatsache ist DAS hier etwas im Busch ist. Tatsache ist aber auch, das uns etliche Fakten, die uns heute nicht voll einsteigen lassen, klarer werden, wenn wir an der Nasdaq sind. Der Businessplan von Sinobull liegt Institutionellen Investoren und dem US-Partner bei Sinobull vor, und an der Nasdaq werden wir nach und nach diesen Effekt sehen - zumindest bei der aktuellen Unterbewertung. Daneben gibt es eben noch das ISP Standbein mit Innostar (IPO 2001), dem obigen ISP der auch ein IPO haben wird (Ende des Jahres) so wie dem Sinonet JV mit 200.000 Privatkunden in diesem Sommer.

Letztlich sind wir hier wie ein Theaterstueck, und einer im Zuschauerraum steht auf und spielt auf der Buehne mit, weil er gemerkt hat, dass eine Rolle fehlt, beispielsweise Hollin, der recherchiert, andere, die Schluesse ziehen, oder eben Tronic, der die Rolle spielt, dass sich die Zuschauer ueber die Qualitaet Hartcourts klarer werden, indem sie die vorgebrachten Anschuldigungen durchdenken, und ihre Shares mit gesteigertem Vertrauen behalten.
Diejenigen im Zuschauerraum erhalten das Theaterstueck in dem sie Karten kaufen (HRCT-Shares).

Derjenige der in Hartcourt investiert, hat recherchiert, dazugelernt, und bringt nun die notwendige Geduld auf - oder er verkauft eben, wenn
er denkt, dass obiges Modell nicht zum Erfolg fuehrt.

[gurkus]

Moin Logo,

so früh schon auf ?

Sieht doch gut aus für Hartcourt. Die Konkurrenz wird durch die Regulierung, die ja auch nur im Sinne der Anleger sein kann, beschränkt und UAC ist schon aktiv.

Ein zweites IPO neben sinobull noch dieses Jahr würde dem Kurs richtig Zunder geben, bedenkt man die Zahlen von letztem Jahr, da dieses IPO zusätzliches Cash in die Kassen von Hartcourt spülen würde und die Bewertung auf eine breitere Basis.

Kurzfristig sehe ich nach wie vor nur mäßiges Potential nach oben weil vor dem sinobull-ipo keine Neubewertung erfolgen wird. Zumal wir für dieses Jahr noch mit weiteren Greenspan-Effekten rechnen müssen.

Alle Voraussagen sind sehr optimistisch für das Wachstum des Geschäftes mit dem Internet in China und ich bin sicher das die aktuelle Entwicklungen die Schätzungen weit übertreffen werden.

In China wird meiner Meinung nach jede Lockerung der Gängelung durch den Staat mit Hurra aufgenommen werden, was zusammen mit den wirtschaftlichen Wachstumsaussichten zu einem Boom führen wird.

Das Geschäftskonzept von Hartcourt sich zunächst an die bestehenden Broker zu wenden, halte ich nach wie vor für absolut überzeugend was ja auch durch die aktuelle Reglementierung bestätigt wird, da diese das sinobull-Geschäft kaum betrifft.

Der Erfolg der sinobull-site spricht eigentlich für sich. Das Interesse für die dort publizierten Infos ist vorhanden und wird anscheinend nicht nur sporadisch genutzt. Hartcourt ist von der ersten Stunde an in diesem Markt vertreten und wird mit der Realisierung des Internet-Auftrittes der Hongkonger Börse sinobull zu völlig neuen Möglichkeiten verhelfen.

Ich denke, daß Hartcourt nach wie vor ein bis zwei Jahre Vorsprung vor der Konkurrenz hat, da erst jetzt einige Konkurrenten beginnen in das Beteiligungsgeschäft einzusteigen. Dazu bedarf es der Zeit, die Hartcourt in den vergangenen zwei Jahren wie man heute sieht nachhaltig genutzt hat.

gruß

gurkus

[l_o_g_o]

Hallo Gurkus,

Als Meister der Untertreibung siehst Du *maessiges Potential nach oben*, fuer Leute die auf diesem unterbewerteten Niveau einsteigen bringt aber selbst die Erholung von 7 zurueck auf 14 100% Gewinn.
Wer mehr will, muss eben auch mehr Geduld aufbringen - allerdings liegt das Sinobull-Listing ja nicht mehr so fern - sofern es denn an der GEM geschehen wird, noch im Sommer - bei Listing an der *langsam bearbeitenden* Nasdaq eher Herbst. Fuer Phan ist das GEM Listing eine interessante Alternative wie er angedeutet hat. (Zudem gibt es von seiten der Nasdaq nun auch Doppellistings von Nasdaq-notierten Werten an Nasdaq UND GEM (es gibt dafuer 7 Interessenten laut der Nasdaq - und es wuerde mich wundern, wenn HRCT, die ja eh an der GEM interessiert sind, nicht auch daran interessiert waeren.))
Auch Ueberraschungen duerften Moeglich sein, wobei mir allerdings gefaellt, dass Du mit den Erwartungen auf dem Boden bleibst - so koennen diese uebertroffen werden.

[fuel cell]

Guten Morgen,

besser kann man die aktuelle Situation nicht beschreiben. Das waren Postings vom feinsten. Kompliment und vielen Dank !

Lehnen wir uns daher zurück, lassen Greenspan die Pausen überbrücken und genießen jeden einzelne Akt. Das Theaterstück lautet "Hartcourt - Auf zu neuen Ufern! ! Der Ort wechselt je nach Dramatik der Vorführung und Ausdauer des Zuschauers.

Vorhang auf

Gruß
Fuel Cell

[Tronic]

Hallo Franz Beckenbauer, priestbroker und panik,

ich akzeptiere eure Meinungen und werde hier im WO-Board nicht´s mehr über Hartcourt schreiben. Franz, ich sage es dir lieber aber gleich, das du mich auch weiterhin im RB-Board antreffen wirst. Es ist schon absurd mit anzusehen, wie schnell hier einige Leute mit dem Wort Basher oder der gleichen zur Hand sind, wenn sich einer kritisch über HRCT äußert. Die selben Leute können aber scheinbar sehr gut mit Leuten, wie Batist, Dexo (RG-Board) und andere, die einfach schreien "buy, it´s cheap", "next week 10 US§", "500 Euro bis Jahresende", sehr gut leben. Scheinbar sagt ihnen das Wort "Pusher" rein garnicht´s! Desweiteren wird immer von einer starken Unterbewertung von Hartcourt gesprochen, aufgrund der Beteiligungen. Dieses Phänomän ist aber nun wahrlich nicht´s neues mehr. Firmen, wie Seagate oder BCE haben exakt das selbe Problem, jeder weiss zwar das der "innere Werte" höher ist, es interessiert aber keinen mehr. Dem Vorwurf, das meine Artikel überaltert wären, möchte ich hiermit stark wiedersprechen. Es mag zwar sein das einzelne News schon etwas länger zurücklagen, oftmals waren sie aber auch die aktuellsten hier im Board. Vielleicht lag es aber auch nur daran, das du nur jeden dritten Tag hier vorbei geschaut hast;-). So, jetzt hab ich vergessen was ich noch schreiben wollte. Naja, dan macht´s mal gut...

[fiat lux]

guten morgen,
kritische stimmen schaden nix. es stimmt, in dem thread sind
die positiven deutlich in der überzahl.
tronic kannst bleiben.
auf news!!

[Hollin]

03May2000 TAIWAN: Sina.com forms online banking venture with E*Trade.
Sina.com and U.S.-based E*Trade Group have decided to form a strategic alliance to provide online banking services to the Chinese community.
Sina.com is the world`s largest Chinese-language portal, with more than 16 million page views per day. The E*Trade Group is the largest online securities brokerage firm in the U.S.
On April 13, Sina.com listed on the U.S. Nasdaq market, with an initial issue of four million shares at US$17 per share. The alliance between Sina.com and E*Trade has drawn considerable attention from the Internet industry worldwide.
The alliance with E*Trade is part of Sina.com`s plan to diversify from its portal business into the business to consumer (B2C) e-commerce market. E*Trade hopes the alliance will help it to tap into the global Chinese market.
A high-ranking official of Sina.com said that his company and E*Trade will focus initially on the Chinese community in North America. "In the future, we will expand to Taiwan and Hong Kong," he said. Nonetheless, Taiwan will remain Sina.com`s priority market for developing e-commerce services this year, he added. "This month we will launch a series of cooperative projects with related firms to develop the domestic online trading market," he said.
As part of the cooperative agreement, TeleBank, an online banking affiliate of the E*Trade Group, will provide online banking services to the Chinese community in North America via Sina.com`s Chinese portal. The services include electronic banking, online securities trading, online personal financial services and real-time securities information services. TeleBank is currently the largest online banking institution in the U.S.
Sina.com recently formed other B2C deals here, including joint ventures with leading domestic mail order firms, such as the Otto Chailease Mail Order Co. of the Koo`s Group. It also plans to merge with or acquire domestic Web sites and Internet firms to expand its business scope.
((BS))
2000, China Economic News Service.

Source: CHINA ECONOMIC NEWS SERVICE 03/05/2000





Gruß

Hollin

[scheissdreck]

grüss euch beinander, hab euch nacht´s noch 2 artikel mit reingestell, wovon ich ( sorry ) einen bewusst nochmal poste. besonders interessant ist das fettgedruckte - auf WARREN BUFF von rb-board bezogen. die lösung der gestrigen diskussion.
@fuall cell. bin gerade dabei entsprechende informationen aufzubauen und sehr gerne interessiert ( [e-mail] )erstmal danke, positives basiert immer auf gegenseitigkeit, also....
zur zeit sehen wir imm öfter bei hrct, dass die gerüchte zunehmen. einer der besten strategen in dieser richtung ist ja wohl mmayr, was er uns ja schon oft genug gezeigt hat. zur zeit haben wir aber eine neue konstellation. die wege die zur zeit im rb.board beschritten werden sind ( meiner meinung ) nach absolut die basher. wie zb. warren buff, der unter mind. 2 screens postet, gut informiert ist, und Q+A strategie andere poster miteinknüpft.....mal sehen.

grüsse xenia1245

A source from the Shanghai-based Stock Star told the
newspaper that China’s ICP-based securities Web sites
originally intended to launch ecommerce operations for
online trading, but that the new regulations now prevent
this.

According to the newspaper, the Shenzhen-based
Stock2000.com, another major Chinese securities Web
site, also intends to offer stockbrokers an online
securities trading system, to seek cooperation with
brokers in establishing ecommerce platforms, and to
sell Stock2000 software.

[Hollin]

04May2000 CHINA: INTERVIEW-Nasdaq aims to open China office in June.
By Bill Savadove
SHANGHAI, May 4 (Reuters) - Nasdaq plans to open an office in Shanghai in June to help Chinese firms aiming to list in the United States, a top official from the U.S. exchange said on Thursday.
"We hope it will be opening next month and we`re anxious to see it happen," said John Wall, president of Nasdaq International Ltd.
The technologies-heavy Nasdaq market is owned by the National Association of Securities Dealers.
The exchange was also holding discussions with the Shanghai stock exchange, one of mainland China`s two bourses, on a cooperative agreement following other international alliances, he said.
"We are talking with the Shanghai stock exchange and I think we`re proceeding very well, but there`s no rush on this," Wall told Reuters in an interview.
"In Shanghai, we`ll be looking at a cooperative agreement," he said at the opening of the city`s first Starbucks outlet. Coffee retailer Starbucks Corp is a Nasdaq-listed firm.
Wall said it was too early to say what might develop from the cooperative agreement.
But it could eventually provide the springboard for Chinese investors to trade Nasdaq securities in local currency, or even the creation of a Nasdaq Hong Kong/China, he said.
"It could lead to many things," he said. "It really is too early."
Seven Nasdaq stocks will list on the Stock Exchange of Hong Kong by the end of this month, making it easier and cheaper for investors to trade these companies, Wall said.
"Once we`ve established that and really shown that you can do this, then it opens a lot of vistas and we`ll be looking at other things to do," he said.
Nasdaq Japan, a new market to be set up on the Osaka Securities Exchange, will begin operating in mid-June.
Nasdaq has also just linked up with iX, the new European exchange created by the merger between the London and Frankfurt exchanges, to create a market in high-growth stocks.
DEMAND FOR CHINESE STOCKS
Wall said investors were still hungry for Chinese companies and several could list on Nasdaq this year if market conditions were favourable.
"I think there`s very strong demand for companies that might come to our market," he said. "I think before the end of the year you`ll see at least a dozen companies come."
Chinese-related firms already listed on Nasdaq include Internet firms Chinadotcom Corp and Sina.Com . A number of others, including Sohu.com Inc and Netease.com Inc, have said they planned Nasdaq listings.
Wall said plans by China`s Shanghai and Shenzhen stock exchanges to set up special trading boards for high-technology firms this year did not pose a competitive threat to Nasdaq.
China`s establishment of the new boards would succeed if regulators could promote a high level of transparency, he said.
"The first thing they have to do is develop their market on total transparency and total openness to the investor," Wall said. "If that is the motto and that is what they build their market on, they`ll have a very successful market."
((Shanghai Newsroom: (86) 21-6355-4009; Fax [phone] [e-mail]).
(C) Reuters Limited 2000.

Source: REUTERS NEWS SERVICE





Gruß

Hollin

[fuel cell]

[l_o_g_o]

Tronic, mehrfach wurden Pusher von mir darauf hingewiesen, doch bitte nicht zu uebertreiben. Wir bemuehen uns um ein klares Bild. Bevor man dir den pauschalen Vorwurf *ihr habt ja nichts gegen Pusher* widerlegt hast, wurden von dir 10 weitere alte Artikel ohne Belegwirkung gepostet. zB die Wettbewerber, die laut deiner News-Meldungen in den chinesischen Markt eintreten. Keiner davon handelt wie UAC lizensiert ueber ein Intranet. Diese IT-Firmen verkaufen ihre
Trading Loesungen an Securities - wie auch UAC. Kann jeder dieser Mittbewerber sein Produkt auch an Endkunden abgeben? Kann jeder dieser Mittbewerber eine Top-Finanzinformations-Site wie Sinobull.com bieten? Haben diese Mitbewerber neben dem Onlinetrading-Standbein auch noch ISP-Beteiligungen mit IPO spaeter im Jahr?

Keine halbseidenen Vergleiche, Seagate stellt Festplatten her, und hat den Zug *massgeschneiterte Massenspeicherloesungen fuer Unternehmen* verschlafen. Daher bleiben nur geringe Gewinnmargen und
keine Phantasie fuer den Kurs.
Hartcourt dagegen ist eine Beteiligungsgesellschaft, die sich auf den Markt spezialisiert hat, der in den naechsten Jahren nachgewiesenermassen sehr stark Wachsen wird - und ist dort bereits
gut positionert mit 2 Standbeinen Onlinetrading uns ISP - mit 3 IPOs
innerhalb der naechsten 10 Monate.

Aktuell wollen die Anleger dies nicht glauben - daher die aktuelle Unterbewertung - wer gut recherchiert und jetzt kauft, kauft halt billiger als diejenigen, die sich erst durch irgendeine Nasdaq-Analysten-Adelung ueberzeugen lassen muessn. Wenn man an der Boerse erst aufgrund der realen Nachrichten kauft, verdient man aber nicht viel.

[jumanii]

hallo

muß eins sagen den letzten kritischen hartcourt freak habt ihr verjagt, super! hollin unter wievielen ID`s
schreibst du eigentlich bist ja schon mehrfach entlarvt worden mit dir selbst zu reden? so gut dieser
thread auch geführt wird es sind höchst 3 leute die den hrct-thread moderieren! gibt etwas zu denken.

mfg

[priestbroker]

aus rb:



By: CABRALEES
Reply To: None
Thursday, 4 May 2000 at 8:30 AM EDT
Post # of 63466


E-MAIL FROM hrct-MUST READ,

Yesterday someone on this thread mentioned an article in China, that HRCT had reached
an agrement with ChinaOnLine.
I E-mailed HRCT a few questions, and found the reply very interesting.....


Hello Carlos,

As to whether Hartcourt has an office in Hong Kong, essentially yes,
Hartcourt does. There may be some confusion with the business structure of
Hartcourt. A good way to look at it, is that Hartcourt is the parent
company, currently we own 48% of SinoBull.com and 52% is owned by 14 other
partners, but Hartcourt maintains controlling interest. Then from
SinoBull.com, the 5 component companies are like divisions in the SinoBull
corporation (Financial Telecom, UAC Online Stock Trading,
StreamingAsia.com, Guo Mao, and Shangdi Network). Since we are the parent,
they are our subsidiaries. So Hartcourt essentially has offices in Hong
Kong, Beijing, Shanghai, etc. Hartcourt personnel uses their offices when
travelling, and those subsidiary companies also perform Hartcourt business
as well, although generally relating to SinoBull.com business or general
legal, research, accounting, etc purposes.

Understandably, we cannot officially comment to such information regarding
developing business relationships until they are publicly announced. To
reiterate what Dr. Phan has said, Hartcourt has a high priority on
developing a relationship and significant, but minority ownership of a
major ISP and content portal in China. Re-emphasizing Dr. Phan`s earlier
point, Hartcourt feels that such a successful venture would be a major
milestone, placing Hartcourt among the major players in the region.
Officially, the name cannot be released which company this is, as that may
hamper our ability in negotiations, since there are competing forces.

As to the possibility of an article written in Shenzhen about the
negotiation and possible leak of a possible near finalization, all things
are possible, but we cannot confirm or deny such an article. I personally
am unaware of a Shenzhen article. You may want to note that Shenzhen is one
of the primary regions for high tech development in China, among one of the
first. So the companies there are fairly developed and generally not in
start-up phases, as opposed to many new start ups in Shanghai and somewhat
in Beijing. Please note, as news does become official, Hartcourt will issue
a Press Release.

Thank you for your interest in The Hartcourt Companies.

[e-mail]


At 11:12 AM 5/3/00 EDT, you wrote:
<There is a rumor going around the RagingBull message board that HRCT is in
<talks with ChinaOnLine, which I copied below.
<
<Q1. Does Hartcourt have an office in Hong Kong?
<Q2. Is Hartcourt aware of such an article being published?
<Q3. Are there such talks underway?
<
<Thank You In Advance,
<Carlos Cabral
<
<
<SHENZHEN NEWSPAPER REPORTED HARTCOURT DEAL WITH CHINAONLINE
<
<I had heard a rumor about HRCT!
<Rumor heard that ChinaOnLine is being acquired by an American investment
<company called Hartcourt. They will take ChinaOnLine on an IPO in American
<NASDAQ valued more than $1 Billion; 10 times more than Sina.com.ChinaOnLine
<owns 80 portals, has 126 offices nationwide with over 3,000 employees, and
<considered the third largest ISP company in China, behind ChinaNet and GB
<Net.
<
<The US$1 Billion infusion of capital will push ChinaOnLine to the top spot?
<Let`s wait and see this exciting ISP war. Officials at ChinaOnLine office in
<Shenzhen and Hartcourt office in Hong Kong refused to comment on the rumor.
<
<

[priestbroker]

hi jumanii,

in welchem wald stehst du eigentlich?

gruß
priestbroker

[l_o_g_o]

zitat jumanji: *ich kaufe bei 5*
Als ich bei 4.80 sagte *jetzt kaufen* meintest Du, diejenigen die dann kauften verarschen zu muessen (obwohl Du ja selbst angekuendigt hattest bei 5 zu kaufen) - haben dir diejenigen die bei 4.80 gekauft haben etwa das Low genommen, dass Du um jeden Preis nutzen wolltest?
Da zweiflt keiner, dass Du den schoenen Gewinn von 4.80-->9.00 mitgenommen hast, und nun einmal mehr hier laecherliche Verschoerungstheorien postest. Die Quellen sind in vorhergehenden Ufer-Threads zu finden.

Warscheinlich werde ich anfangen hier selbst HRCT-Negativpunkte zu posten - ihr habts ja nicht drauf.

[panik]

hallo juman..,bist du bescheurt
wie kannst du hollin sowas unterbreiten,sag mal,hey du kannst vielleicht mir was unterbreiten,aber nicht hollin,weil grade er(und natürlich logo)hier tolle arbeit leistet,also bitte paß auf deine worte auf ,langsam reicht mir das hier,mit dir du bist hier der jenige der mal ein thread eröffnet wie hrct stürzt ab usw..nur negativ,du bist anscheinend blind auf die welt gekommen,sonst würdest du mal anerkennen,was hrct auf die beine gebracht hat,und hollin.
gruß an alle hrct´ler

[Hollin]

Hallo jumanii,

da du mich nun schon einmal so schonungslos entlarvt hast, kann ich dir ja jetzt verraten, daß mein wichtigstes Pseudonym "Tronic" ist. Leider waren viele Teilnehmer hier mit meiner außerordentlich kompetenten Berichterstattung unter dem Namen "Tronic" nicht ganz zufrieden. Ich muß mich also nach einer neuen ID umschauen...mal sehen, ob jumanii2 noch frei ist, denn dieser Name bürgt ja gewissermaßen für Qualität, wie wir alle seit längerem wissen.

Gruß

Hollin (alias Tronic alias jumanii2 alias ???)

[dexter]

hollin................ ich ...........bin ..................f a s s u n g s l o s ----------------------

wie konnte ich ahnen, dass du hinter den brunnenvergiftern steckst!

grüße an alle
dexter

[fuel cell]

Hallo Hollin,

kannst Du Dich daran noch erinnern ?

Hartcourt-wichtige Meldung. Beeilen! 4 Hollin 26.08.99 00:50:43

An diesen denkwürdigen Tagen stand Hartcourt in der Nähe von einem Euro. Wer bist dahin noch noch nicht das Glück hatte auf HRCT aufmerksam geworden zu sein, erhielt dadurch die Gelegenheit es zu werden. Seit diesem Zeitpunkt hatte ein jeder die Chance einen realen

Gewinn bis zu (+) 2000%

einzufahren.

Für dieses Research hätte jedes Finanzmagazin etc. Dir ein Denkmal gesetzt. "Mit unseren Empfehlungen bis zu 2000% Gewinn innerhalb 12 Wochen..."

Es ist der richtige Zeitpunkt Dir für die bislang vollbrachten Hartcourt-Beiträge, klasse Researchs und ergreifende (Nacht-)arbeit herzlichst zu danken.

jumani,
Hand auf`s Herz, hast Du nun Hartcourt gekauft Ja oder Nein ?
An welcher Stelle wurde Hollin entlarvt ?
Ich bin für Kritik immer offen - was fehlt an negativen Punkten in meinem Hartcourt-Shortcut ?

Hollin - Du wirst es und ich freue mich drauf - weiter machen und mit Hartcourt und uns viel Spaß haben !

Gruß

Fuel Cell

[SPKC]

Hallo HRCT_Freunde,

was ist den in den USA los.
Besser gesagt: nichts!
15 Trades mit einem Umsatz von 7800 Stück!?-und das 16:43 Uhr

Gruß
SPKC

[dexter]

BW0328 MAY 04,2000 9:25 PACIFIC 12:25 EASTERN


( BW)(CA-ESAT)(ASAT) eSAT Begins Trading on the Third Segment of the Berlin Stock Exchange: WKN Number 917001; eSAT`s Securities Successfully Listed On German Berlin Freiverkehr Exchange

Business Editors/High Tech Writers

FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--May 4, 2000--eSAT Inc. (OTC: ASAT), (FRANKFURT: ES8), (Berlin: ES8), a broadband Internet Service Provider (ISP) with wireless and satellite data delivery capability, announced Thursday that it has successfully dual listed its securities on the German Berlin Freiverkehr exchange.
Quotes for the Berlin Freiverkehr Third Segment can be accessed through the URL: http://money.berlinerboerse.de/KURSINFO/AKT-FV/FA1170.html.


The company has also announced that in the month of June it will conduct press meetings and investor seminars in Berlin and other European business capitals with the assistance of Elliott, Lane and Associates Inc.
Elliott, Lane & Associates Inc. & its European partners will also assist eSAT Inc. by introducing the company to potential European based technology merger and acquisition opportunities, joint venture and/or synergistic partnerships, and European institutional investors.
"We are pleased to have achieved listing on the Third Segment of the Berlin Stock Exchange. Our listing enhances eSAT`s market position and increases our exposure to international investors, making eSAT stock available to a more extensive range of the worldwide investment community," stated Michael Palmer, chief executive officer of eSAT.


gruß dex

[fuel cell]

Immer wieder beeindruckend, welch eine Macht eine Person haben kann. Greenspan schweigt und wartet - der Rest der Welt und die Kurse auch. Ein jeder rechnet mit einer Erhöhung um 1/4 Prozentpunkt. Nichts besonderes mehr, aber es ist halt schon besser, wenn er seine (Macht-)Worte ausgesprochen hat.

Keine neuen Erkenntnisse durch US-Daten und Greenspan
Donnerstag, 04.05.2000 von Ina Berghoff


Den ganzen Tag über wurde von den Finanzplätzen auf New York geschielt, insbesondere die Greenspan-Rede fand hohen Beachtungsgrad und sollte Hintergrundinformationen zu Zins- und Konjunktur- und evtl. Börsenentwicklung liefern. Die Rede des US-Notenbankchefs beeinflusste den frühen Handel aber dann so gut wie gar nicht, denn es wurde bekannt, dass Greenspan in seinem Redetext über die Aussichten der US-Wirtschaft und die Zinspolitik der Notenbank keine Äußerungen habe. Die zuvor veröffentlichten Konjunkturdaten blieben ebenfalls ohne nennenswerte Wirkung auf Aktien-, Renten- und Devisenmarkt. Der Dow konnte sein anfänglich dünnes Plus nicht ausbauen und sackte in die Negativzone, der Nasdaq-Index konnte sich zwar nach anfänglichen Verlusten zunächst in die Gewinnzone hocharbeiten, kippte aber anschließend wieder. (...)

Quelle: http://www.fnet.de/berichte/abend/?uid=67pr8r-8u44a&ts=2ohm9


Ich wünsche Euch einen schönen Freitag und ein sonniges Wochenende,

Fuel Cell

[dexter]

hallo zusammen!

habt ihr eigentlich schon mal die begrüßungsseite von sinobull.hk gelesen. steht zwar nicht unbedingt was neues drin aber......

Welcome to SinoBull.Com(HK Version)! We are a comprehensive financial portal site operated by SinoBull.Com Ltd, a newly established subsidiary of SinoBull.Com Inc which is largely owned by US-listed Hartcourt Companies Inc. (OTC:HRCT; Frankfurt:HCT)
With our sophisticated application in MMX technology and our vision to become the No.1 Chinese financial portal in the Greater China Region, we aim to provide you the fastest, most update and comprehensive information for making wise choices in investment markets.

We are offering you a complete menu of real time quotes on stock, forex, gold, financial news, together with company databases, commentaries, industry studies. In addition, we are offering you a series of practical investment tools.

SinoBull.Com Inc. comprises six China and Hong Kong companies that have been providing first-class financial information network and services in the Greater China Region:

 Beijing UAC Stock Exchange Online Co. Ltd.( 北京華清實泰有限公司 ), the first national online stock trading system in China;

 Beijing Radiocomputer Net Technologies Center Co. Ltd.(北京上地網絡技術中心有限公司 ), the premier financial data provider in China;

 Shanghai Guo Mao Science and Technology Co. Ltd.(上海國懋科技有限公司 ), the best commodities and futures data provider in China;

 Financial Telecom Ltd.(金融快訊有限公司 ) the oldest local financial data house of Hong Kong

 StreamingAsia.com Ltd., the popular web designer and software engineering group in Hong Kong.

 SinoBull.Com Ltd, the operating arm for Hong Kong-based web site on financial information – SinoBull.Com (HK Version).

SinoBull.Com Inc. is strategically positioned itself to facilitate the expansion of China’s first commercial E-trade financial network and plans to participate in the creation of a national ISP in China. For more information, you are welcome to visit www.hartcourt.com.

gruß dexter

[dexter]

wobei Beijing Radiocomputer Net Technologies Center Co. Ltd.(北京上地網絡技術中心有限公司 )mir nicht geläufig ist!? sollte ich was vergessen haben?

[Hollin]

Hallo dexter,

Beijing Radiocomputer Net Technologies Center Co. Ltd. ist identisch mit Shangdi Network (Anteil HRCT an Shangdi Network: 40%).

Gruß

Hollin

[dexter]

danke Hollin

[Hollin]

Guten Morgen!

Heute werde ich erstmal als Hollin posten. Mal seh`n, wie ich mir dann antworte.




05May2000 JAPAN: ASIAWEEK - THE MAINLAND - UNPLUGGED - China`s mobile masses put WAP on trial.
By PAUL MOONEY BEIJING.
China`s cellular phone market is among the fastest growing in the world, so naturally the country is seen as an important testbed for the emerging field of wireless Internet access. Experimentation starts in earnest on May 17, when the country`s mobile network operators can begin selling new data services over WAP (wireless access protocol) phones.
Cities including Beijing, Shanghai, Guangzhou and Shenzhen are already considered crucial markets in what is one of the Net`s trendiest sectors. "People in the WAP industry understand that this is the future," says Ray Yam, sales manager for Nokia Corp. in China. With the booming success in Japan of NTT DoCoMo`s i-mode wireless data service, expectations are high. Goldman Sachs researchers say charging customers for mobile data transmission and new Internet-based information services "will be the most significant revenue-growth driver" for network operators in coming months.
"There are two things that are hot, the Internet and mobile phones," says Larry Rinaldi, chief of Net advertising agency Ogilvy Interactive`s China business. "When you put those two together, it`s explosive." China`s two primary cellphone companies - China Unicom and China Mobile Telecom - are not the only possible beneficiaries. WAP is seen as way to introduce more of China`s citizens to electronic communications and e-commerce. Fewer than 11 million Chinese surf the Net, and despite an explosion in the number of domestic e-commerce sites, a paltry $6.6 million in retail trade was conducted online last year, according to China`s Computer and Microelectronics Industry Development Research Center.
Cellphone users, on the other hand, outnumber the country`s Web surfers four to one; Subscribers ballooned by 72% in China last year to 43 million. BDA China, an Internet consulting company, says the mainland could have up to 6 million people accessing the Internet the wireless way by 2002. That could mean some $386 million a year in revenue up for grabs.
Leading Chinese dotcom players could use the cash to survive, and many are racing to create Internet services and content for miniature phone screens. Last month, Nokia signed an agreement with leading mainland portal Sohu.com to provide news, stock information and other wireless services. Motorola is helping Sina.com and business-to-business site Alibaba.com create wireless services. Also under development are banking and travel applications.
China today lacks developed financial and credit networks, a situation that makes it difficult for conventional e-tailers to accept payments electronically. Some observers say mobile phone companies could provide a solution by acting as financial clearinghouses between websites and customers. In addition, WAP cellphones could let users pay for goods and services through deductions from smart debit cards that plug into handsets, says Derek Sulger, chief financial officer for Shanghai-based Intrinsic Technology. "I think that it is very conceivable that we will be paying for a significant amount of day-to-day transactions via the mobile phone within a year," says Sulger, whose company is building a WAP portal for China.
Still, technical and marketing issues stand in the way. It`s not clear whether people will accept the necessarily bland text presentation of content on tiny screens. There are also security concerns which could hinder mobile e-commerce: cellphone calls can be intercepted with unsophisticated radio-channel scanners.
Victor Wang of GWcom, a Shanghai wireless services applications provider, says first-generation WAP technology may leave some consumers wondering what all the fuss is about. "There are too few applications, speeds are slow, and there is a problem with information display," he says. "When marketing this you have to set the right expectations." And, as companies trying to tap China`s consumer markets often find, it helps to keep expectations low.
All Material Subject to Copyright
Copyright 2000: AsiaWeek. All Rights Reserved.

Source: ASIA INTELLIGENCE WIRE
ASIAWEEK 05/05/2000





Gruß

Hollin

[fiat lux]

guten morgen,
wird schon werden!!
eine news und dann rakete.
gruss

[dexter]

guten morgen hollin und fiat!

[SPKC]

Guten Morgen allen HRCT`lern.

[RamonAllones]

Guten Morgen allen Hartcourt`lern,

das wird ein ruhiger Tag.

FORZA HRCT !!!

[dexter]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[dexter]

US-Konjunkturdaten:

Arbeitsmarktdaten April
Beschäftigte ausserhalb der Landwirtschaft: +340.000 (Prognose: + 340.000)
Arbeitslosenquote: 3.9% (+ 4 %)
Durchschnittliche Stundenlöhne: % (+ 0.4%)

[Hollin]

05May2000 CHINA: INTERVIEW-HK`s Quamnet.com eyes Asian expansion.
By Alison Leung
HONG KONG, May 5 (Reuters) - Hong Kong Growth Enterprise Market listing candidate Quamnet.com Ltd said it plans to expand its financial information portal websites across Asia.
"Our aim is building a mega personal finance website, starting from equity market information, eventually to include insurance, mutual funds and mortgage," co-founder and chief executive officer Man Chin told Reuters in an interview.
Quamnet (www.quamnet.com), established in 1998, provides free real-time stock quotes, financial news, commentary and stock research reports in Hong Kong.
Man said the company with its own reporters and research team was expanding to other countries in Asia with local content.
"Our mainland China site has just gone up and Thailand will be launched in the next two months. Taiwan, Japan, Singapore and Malaysia are in different stages of development but there is no fixed timetable for their launch," he said.
Quamnet currently has a total of about 70 staff in Hong Kong, China`s Shenzhen and Thailand and the number of staff will grow to about 150 by the end of the year, Man said.
Quamnet has about 300,000 registered users and generates about one to two million page views a day, depending on stock market activity.
COMMISSION BASED BUSINESS MODEL
With a monthly burn rate of millions of Hong Kong dollars, Quamnet plans to rely on advertising revenues and commissions generated from electronic stock broking and other finance products.
"Our target revenues are from advertisement and transactions related business including commissions from brokers for the referral of on-line trading and from financial institutions for personal finance purchases such as mortgage, unit trust and insurance," Man said.
Banks were paying 60 to 100 basis points to some agents for such business, he said.
Quamnet had secured agreements with several brokerages on the e-broking business but declined to identify them.
He compared Quamnet with Quicken.com, a U.S. personal finance website run by software group Intuit Inc , saying the U.S. company can leverage its customer base into many financial services products.
MARKET VOLATILITIES COULD BE POSITIVE
Quamnet has applied for a listing on Hong Kong`s Growth Enterprise Market, and a hearing on the initial public offering plan is scheduled for next week, market sources said.
But Man declined to comment on the group`s listing plans or say whether the firm would wait for a steadier stock market to launch the IPO.
The recent correction in technology stocks had forced some issuers to postpone their Hong Kong listing plans. PC motherboard maker Zida Computer Technologies Ltd on Thursday became the latest casualty, delaying its main board listing due to adverse market conditions.
But the current environment was not that bad and might work in Quamnet`s favour, said chief operating officer Dylan Tinker, who joined Quamnet two months ago from Deutsche Securities Asia Ltd as a director in charge of Asian Telecom and Internet research.
"It is because previously, there was too much money being thrown at the sector to people with bad business plans," Tinker said. "Now it`s hard for a lot of our competition to get funding."
Quamnet is currently funded by individual and corporate investors.
Other Internet financial information providers include Infocast (HK) Ltd and E-Finet.com Ltd were also planning for a listing on the GEM board this year, market sources said.
((Hong Kong Newsroom [phone], Fax [phone] [e-mail])).
(C) Reuters Limited 2000.

Source: REUTERS NEWS SERVICE




Gruß

Hollin

[fiat lux]

is` das langweilig.
dr. phan soll ein paar news auf den markt schmeissen.
gruss
HRCT 100E

[Mega]

Wird HRCT noch billiger - oder jetzt wieder einsteigen ??? Was meint Ihr ???

[Gurki]

hallo leute,

kann mich fiat lux nur anschliessen.

jetzt mal hand auf´s herz - es ist schon schlimm diese pipifax - umsätze ! soll das alles an den zahlen aus usa liegen, dass da (auch bei anderen werten !) nix läuft !

ich dachte, von dem e&y bericht hängt soviel ab !? jetzt ist er raus und ....????? who cares ???
tja, das ist halt so ´ne sache mit der geduld !

obwohl - wenn das noch ´ne weile so weitergeht han isch wieder pulver und dann ....... werd´ich nochmal nachlegen !

also frohes warten noch !

gurki

[dexter]

hallo fiat, kann dir nur zustimmen! werd mich gleich ans rheinufer legen, ich glaub heut´passiert eh nicht mehr viel..

hi mega , gute frage! bin dazu übergegangen alles unter 10€ als scherz zu betrachten. aber schau doch einfach selber ...

grüße + ein schönes wochenende

dexter

[dexter]

uups da ist ja auch noch gurki! grüße dx

[fiat lux]

hallo hrctler,
ich würde nächste woche abwarten.
an dexter: fahre heute auch schön ins rheinland (open-air-party)

[dexter]

na dann aber: viiiieeeel spass

[scheissdreck]

grüss euch beinander,
schlechte zeit im moment.das positive ist aber, dass dem aufruf von dr phan folge geleistet wird und die negativen seiten des tagesgeschäfts ( besonders us ) wohl auch entsprechend kontrolliert werden.
werde mich mal am wochenende in diversen CN-sites umsehen, denn letzte woche ist ja sehr viel passiert.
ansonsten wünsche ich allen ein wunderbares wochenende, viel spass und guten bacardi.
@ Mega, ich wünsche dir gute und EIGENE entscheidungen.
@ alle spezialisten, "kauft hrct,jetzt"..........

1000 X die GRUNDSCHULHAUSORDNUNG schreiben !

liebe grüsse xenia1245

[fiat lux]

HARTCOURT COMPANIES INC (NEW)
das ist die hrct-bezeichnung bei der comdirect.de.
weiss einer warum zum schluss (NEW) steht?
gruss

[Hollin]

Noch eine wichtige Meldung zur fantastischen Entwicklung des Internets in China!

05May2000 CHINA: Workers of the world, log on!
Text of report in English by official Chinese news agency Xinhua (New China News Agency)

Beijing, 5th May: A website focusing on Marxism was launched here today, the birthday of Karl Marx (1818-1883), in commemoration of the 80th anniversary of the publication of the Chinese version of Marx`s "Manifesto of the Communist Party."

The website, http://www.red-world.com.cn, provides a general introduction of Marxism and discusses China`s practice of Marxist theory.

It also includes a special column on Marx.

"Marxism cannot be separated from the development of modern science and technology," said Fan Qiangming, manager of Beijing Gongming Chuangxin Bookstore, which sponsors the website.

"The Internet is a place of importance for the study of Marxism, " Fan said.

Fan opened his bookstore in October 1998, selling political books such as works by Marx, Mao Zedong, and Deng Xiaoping.

Source: Xinhua news agency, Beijing, in English 1334 gmt 5 May 00.
BBC Worldwide Monitoring/ (c) BBC 2000.

Source: BBC MONITORING INTERNATIONAL REPORTS
BBC MONITORING ASIA PACIFIC - POLITICAL 05/05/2000



Insider sind sich natürlich dessen bewußt, daß hinter Fan in Wirklichkeit Phan steckt. Ebenso wie ich verfügt Dr. Phan über mehrere ausgeklügelte Pseudonyme.


Gruß

Hollin

[Gurki]

fiat ,

muss leider passen ! bin nicht bei dem laden !

wenn und hrct schon gerade ein bischen im stich lässt, dann erfreuen wir uns eben an esat, oder ! (+10,66% bei ordentlichen umsätzen )

ich denke der ein oder andere von euch wird hier auch zweigleisig fahren , oder ????

also, schönes wochen ende und fiat - have a nice party !!!!

gurki

[gurkus]

Laut goldengate aus dem rb-board gibts heute noch einen phan-letter.

Werde mir ihn erst nach dem Feierabend BIER EINVERLEIBEN.

gruß

gurkus

[panik]

hallo,meine geduldigen freunde
aus dem ragingbull
CALLED HARTCOURT AND TALKED TO DR. PHAN. Asked him why HRCT was so quiet this week. He said...It was the calm before the storm... He sounds excited; he is going to China this evening, he will have a letter to shareholders out before leaving; and he expects a great trip ahead. All in all, a good sign of things to come.
hört sich doch phan(tastisch)an,einfür unsren dr.phan
gruß panik

[panik]

hallo
als auffrischung hab ich mal die analyse vom aktienoutperformer hier reingestelt,also meine freunde,noch ein bischen geduld
























Hartcourt (HRCT)

Name
WKN
Kurs 02.05.2000
Kursziel 02.2001

Hartcourt (HRCT)
900009
8,10 Euro
50,00 Euro

Analyse

von HARTCOURT COMPANIES, Inc.

Datum: 18.2.00

Wertpapierknr.: 900009

US-Kennz.: HRCT

Hartcourt (HRCT) ist eine amerikanische Internet-Beteiligungsgesellschaft ähnlich der CMGI, die sich auf den Internet-Markt der Zukunft China konzentriert. Hartcourt ist aber noch mehr als eine Beteiligungsgesellschaft, denn die Beteiligungen und Joint Ventures zielen einzig auf die Strategie ab, die „führende Internet Company in Asien“ zu werden. So sind die Partner und Joint Venture - Beteiligungen strategisch diesem Ziel untergeordnet.

Der asiatische Internetmarkt ist der grösste Wachstumsmarkt weltweit, sodass es mehrere grosse Internetfirmen geben wird. Wir glauben, dass Hartcourt in Zukunft zu den 3 führenden Internetfirmen in China gehören wird, da Hartcourt durch die guten Beziehungen und namhaften Geschäftspartner in China einen grossen und im Prinzip einzigartigen Wettbewerbsvorteil vor anderen grossen amerikanischen Unternehmen wie z.B. CMGI-Asia oder China.com hat, da ausländische Kapitalgesellschaften es schwer haben, auf dem chinesischen Markt fusszufassen, weil nur Minderheitsbeteiligungen erlaubt sind und Lizenzen der Chinesischen Regierung nicht so einfach zu bekommen sind.



Beteiligungen:

1. UAC Stock Exchange Online, Ltd. (50 %)

Hartcourt hält 50 % an UAC, einem Anbieter von Online-Trading für Brokerage-Firmen in China über den Intranet-Service CHINAPAC der China Telecom. UAC ist der erste und einzige Operating Agent für das CHINAPAC-System. Das System wird zur Zeit von 4000 chinesischen Brokerage-Firmen und Clients genutzt.



2. Financial Telecom Ltd. (FTL) (58%)

Hartcourt hält 58 % an FTL of Hong Kong, einem Information Service Provider, der sich auf die Real-Time-Übertragung von Finanzdaten und –nachrichten über Festnetz- bzw. Wireless-Systeme spezialisiert hat.



3. Sinobull.com (chinesisch: HuaNia.com)

Sinobull.com ist ein Merger von UAC (siehe 1.) und FTL (siehe 2.) und wird zusammen mit seinen 5 starken chinesischen Partnern zu einem umfassenden Financial Portal ausgebaut. Sinobull.com will eine dominante Marktstellung auf dem weltweit zweitgrössten Finanzmarkt (in max. 10 Jahren) aufbauen.

Hartcourt bringt seine Anteile an UAC und FTL ein und wird 45 % der Anteile halten. Die UAC – Partner werden 21 %, die FTL-Partner 18 % und 3 neue Partner 16 % halten.

Hua Xia Info hat eine revolutionäre Set Top Box entwickelt, die den Benutzern Online-Trading zusätzlich zum Internet-Zugang erlaubt. Dieses Produkt wurde in Partnerschaft mit Legend, dem grössten Computerhersteller in China, und Microsoft, dem weltweit grössten Softwareproduzenten entwickelt. In China gibt es 80 Millionen TV-Kabelbenutzer und nur 20 Millionen Computerbesitzer. Auf diesen Set Top Boxen wird Sinobull.com als Finanzportal voreingestellt sein, wodurch Sinobull.com zum Finanzportal Nr. 1 in China aufsteigen wird.

Sinobull.com hat eine landesweite Lizenz für das Online-Trading in China. Im Moment ist es schon möglich per Telefon über die Telefonnr. 162 (ähnlich der 800 in den USA) direkt über UAC Aktien zu handeln. Mithilfe der Set Top Boxen wird ein Trading für jeden Benutzer über das Intranet der China Telecom CHINAPAC möglich sein, wobei die Brokerage-Firmen schon jetzt direkt an CHINAPAC angeschlossen sind.

Diese Lizenz zum Trading über das Intranet wird sich wahrscheinlich einige Zeit zu einem einzigartigem Wettbewerbsvorteil für Sinobull.com entwickeln, da die China Securities Regulatory Commission und das Ministry of Information Industry starke Reglementierungen für das Online-Trading erlassen wollen. Sinobull.com wird sich ausschliesslich auf den Finanzbereich beschränken und somit nicht wie andere Internetportale ein Forum für politische Meinungsäusserungen sein, was ein wesentlicher Vorteil ist, da China ab sofort alle bestehenden und alle neue Internet-Seiten einer Überprüfung unterziehen will.

Der Börsengang an die Nasdaq oder an den GEM in Hong Kong oder an beiden ist für Mitte 2000 geplant. Es werden 20 % = 5 Mio Aktien zu einem Preis von 20 $ ausgegeben. Es sollen 500.000 bis 1 Mio Aktien für die Hartcourt-Aktionäre reserviert werden. Hartcourt wird nach dem IPO einen Anteil von 36 % der Aktien an Sinobull.com besitzen und etwa 95 Mio $ Cash daraus erhalten, die für weitere Aquisitionen genutzt werden sollen. Der Gesamtwert des Unternehmens wird 25 Mio Aktien * 20 US$ = 500 Mio US$ und die Marktkapitalisierung nur 100 Mio US$ betragen, was sehr moderat ist und extreme Kurssteigerungen erwarten lässt, wenn man Vergleiche zu China.com zieht. Hartcourt hat schon beim IPO einen Anteilswert von 180 Mio US$ (36 %) an Sinobull.com. Bei einer Marktkapitalisierung von 1 Mrd. US$ von Sinobull (China.com hat etwa 2,5 Mrd.) steigt dieser Wert schon auf 1,8 Mrd. US$, was die jetzige Marktkapitalisierung von 320 Mio US$ bei einem Kurs von 15 US$ bei weitem übersteigt.

Am 18.12.1999 hat Sinobull.com ein Agreement zum Kauf von 40 % von Shandi Network, einem Anteilhalter von Hua Xia Info, dem Finanzdaten-Anbieter Nummer 1 von China unterzeichnet. Hua Xia Info ist ein wichtiger chinesischer Partner von Hartcourt bei Sinobull.com.

Sinobull hat 50 % von Guo Mao, einem Real-Time Finanzdaten-Anbieter in Shanghai (China) gekauft, wodurch die Finanzdatenbank von Hua Xia Info vervollständigt wird. Guo Mao hat 83 Angestellte in Büros in 8 Cities in China und nutzt die Satelliten-Übertragungstechnik von Shanghai VSAT, die ebenso wie Shanghai Hua Xia Computerservice zu dessen Anteilhabern gehören.

Sinobull.com hält 50 % an StreamingAsia.com, einer führenden Internet-Software Company in Hong Kong. StreamingAsia.com entwickelt und erstellt internetbezogene Softwarelösungen.



4. ESAT (10 %)

Hartcourt hält 10 % (2 Millionen) an ESAT mit einer Option zum Kauf auf weitere 10 % (2 Millionen). ESAT ist eine amerikanische Technologie-Firma, die sich auf high-speed Internetverbindungen via Satellit spezialisiert hat und China als wachstumsstärksten Markt für Wireless ISP’s betrachtet.



5. Joint Venture mit Innostar Hitech Enterprises of China (35%) geplant.

Hartcourt hat ein Joint Venture Agreement mit Innostar unterzeichnet, um einen landesweiten wireless Internet Service Provider und IP Phone Service via Satellit in China zu gründen. An diesem Joint Venture wird Hartcourt 35 % halten.



6. eMPACT Solution Inc. (30%)

Hartcourt hat am 13.2.00 eine Vereinbarung zum Kauf von 30 % von eMPACT Solutions Inc., einer E-Commerce System Management Company, unterschrieben, die sich auf Webhosting, Systemdesign und -management, Transaktionsauslastungs- und Sicherheitsüberwachung für E-Commerce Firmen spezialisiert hat. Diese Beteiligung ist ein wichtiger strategischer Baustein beim Aufbau eines Joint Ventures Hartcourts mit einer grösseren chinesischen Web Management Company, um Hostdienstleistungen für B2B E-Commerce und B2B Auction Business anzubieten. Das in Planung befindliche Business-Modell wird ähnlich dem von Exodus sein.



7. Nasdaq – Listing

Hartcourt hat am 24.1.00 die Unterlagen für ein Listing an der Nasdaq eingereicht. Das Listing wird aller Wahrscheinlichkeit nach Mitte bis Ende März (max. 2 Monate) vollzogen sein. Das wird unserer Meinung nach einen grossen Kursschub für die Aktie bringen, da sich dann Institutionelle Investoren engagieren und verschiedene Analysten auf Hartcourt aufmerksam werden.



Schlussfolgerungen

Hartcourt ist unserer Meinung nach allen anderen grossen Internetfirmen wie Softbank, Pazific Century Cyberworks, China.com und CMGI, was den chinesischen Markt anbetrifft, einen Schritt voraus. Erst wenn China zur Welthandelsorganisation (WTO) beitritt, können sich diese Firmen massiv auf dem chinesischen Markt einkaufen. Dieses wird aber noch eine Weile dauern, da die chinesische Regierung die eigenen privatisierten Unternehmen erst wettbewerbstauglich machen will. Firmen wie Hartcourt werden als Partner für chinesische Firmen akzeptiert, um bis dahin ausländisches Know How nach China zu holen. Selbst wenn es zu einem schnelleren Beitritt kommen sollte, wird China einige Sonderbedingungen für den Markteintritt ausländischer Unternehmen aushandeln und für diese mit Begrenzungen der Lizenzen und gesetzlichen Reglementierungen den Marktauftritt erschweren.

Der Aufbau einer starken Technologie-Gruppe in China ist vorallem den sehr guten Beziehungen zur chinesischen Wirtschaft und dem Verhandlungsgeschick von Hartcourt Chairman und CEO Dr. Phan zu verdanken. Dr. Phan ist weiter auf der Suche nach amerikanischen Partnern, um weiteres amerikanisches Know How in diese Technologie-Gruppe einzubringen und noch weitere Joint Ventures mit chinesischen Firmen zu gründen. So ist z.B. die Einbringung von Know How im Linux-Bereich geplant, was insofern bedeutend ist, da die Chinesische Regierung dem Betriebsystem Windows 2000 gegenüber negativ eingestellt ist.

Hartcourt wird zur Zeit mit etwa 320 Mio$ (Kurs 15$) bewertet, was im Vergleich mit anderen Firmen unserer Meinung extrem unterbewertet ist, da der Bekanntheitsgrad noch sehr niedrig ist, was sich dann nach erfolgtem Nasdaq-Listing schnell ändern wird. Der Bekanntheitsgrad und der Kurs werden vorallem mit dem erfolgreichen IPO von Sinobull.com Mitte 2000 steigen. Zusätzlich werden ständig weitere strategische Beteiligungen mit dem aus dem IPO von Sinobull erhaltenen Cash getroffen werden. Deswegen lautet unser Kursziel 100$ in 12 Monaten, was einer Marktkapitalisierung von 2,1 Mrd US$ entspricht. Das ist unserer Meinung nach angemessen, wenn man einen Vergleich zu anderen Internet-Aktien, die in Asien operieren sieht. So hat der Börsenliebling der Amerikaner in Bezug auf Asien-Aktien China.com (Nasdaq) eine Marktkapitalisierung von 5,3 Mrd. US$ (Kurs 127$) bei einem Umsatz von 20,1 Mio$ 1999 und einem Verlusst von 18,7 Mio$. China.com ist aber entgegen seinem Namen vorallem ausserhalb Chinas sehr erfolgreich. Hartcourt achtet bei seinen Beteiligungen auch auf Qualität, sodass Sinobull.com schon von Anfang an Gewinn erwirtschaften wird. Genaue Zahlen sollen in Kürze bekanntgegeben werden.



Mehr Informationen finden Sie unter www.hartcourt.com.
gruß panik

[Hollin]

06May2000 CHINA: Net breaches great firewalls of China.
By Lynne O`Donnell.
Despite official resistance, the Chinese are logging on to the Internet in record numbers, writes Lynne O`Donnell in Beijing AS the number of Chinese using the Internet soars to more than 15 million by the end of this year, the Government is struggling to control access to the information superhighway.
Internet use has grown exponentially in China and the popularity of the Web shows no sign of cooling.
Analysts with US firm eTForecasts said this week that China would rank fifth by the end of this year for the number of citizens connected to the Web - behind the US, Japan, Germany and Britain. By 2005, China will have leapfrogged to second place.
Chinese authorities have been unnerved by the rapid growth of the Internet, which they view as a potential tool of dissent, and have taken steps to control what information users can access.
To that end, the powerful information office of the State Council, China`s cabinet, has set up the Internet Information Management Bureau, which will decide what news can be carried on accessible sites and weed out anything deemed "harmful".
Some popular Chinese portals, such as sohu.com, sina.com and netease.com, have already been banned from running foreign news on their sites.
Authorities have decreed that only approved information - that which has already appeared in the tightly controlled state media - can be posted on Websites.
In an effort to ensure that Chinese citizens do not have free access to information, authorities have established firewalls to block many foreign news sites such as the Washington Post, CNN and Time.
Internet cafes in major cities have been shut down and their equipment seized, apparently because customers were using them to freely surf the Web.
Some content providers, however, have decided that the best way to flourish in China is to go along with the Government.
Hong Kong-based chinadotcom, for instance, allows the Chinese Communist Party`s information arm, Xinhua news agency, to review content to ensure it complies with government regulations.
Chinadotcom is listed on Nasdaq and counts Xinhua among its shareholders.
Its affiliate company, Hongkong.com, earlier this week attempted to censor chatroom discussion on Taiwan, which is regarded by Beijing as a rebellious province.
Chairman Raymond Ch`ien, who also serves on Hong Kong`s top official advisory council, attempted to justify the move, saying: "There are certain areas that are considered sensitive in every market. Even if there is freedom of speech, it is not absolute."
His comments sparked outrage from subscribers.
The Chinese government has already decreed that all companies engaged in e-commerce must seek official approval by registering with the Administration of Industry and Commerce, which issues a logo for display on the firms` home pages.
Similarly, all Websites accepting online advertising will be required to register with the same body.
The burgeoning industry was dealt a body blow last September when the Government banned foreign investment in Internet content and service providers, after tens of millions of dollars had already flowed into the sector from overseas.
While this situation might change once China is admitted to the World Trade Organisation, widely expected later this year, the Government is unlikely to loosen its grip on information.
Industry executives said that a number of ministries and government departments were all vying for a slice of the sector - a fact experts say will limit the business development of the Internet in China.
Until now, control of content has rested with the State Council`s information office.
"They are treating the Internet in the same way they treat newspapers and television, and seem to think that they can dictate content in the same way," said one executive with a foreign news company.
"But try as they might, it`s impossible - they just don`t realise that yet," she said.
The information office has invited numerous foreign firms such as Reuters, Yahoo and News Corp to brief officials on the development and prospects of the Web and its implications for China.
Another executive privy to some of these meetings said officials appeared eager to learn in order to know how best to control, develop and manage the new medium.
But Western Internet executives are unanimous in their belief that the Government`s efforts are doomed.
"I think Vietnam, China and others that are trying to control the Internet have no chance," James Kimsey, founder of America Online, said last month. "I believe they will be totally unable to control the flow of information to people." Lynne O`Donnell is The Australian`s China correspondent.
(c) Nationwide News Proprietary Ltd, 2000.

Sources:AUSTRALIAN 06/05/2000 P14





05May2000 CHINA: Building on accelerating momentum in
RDATE:04052000
BEIJING - Building on accelerating momentum in China`s rapidly expanding wireless infrastructure market, Nortel Networks* [NYSE/TSE: NT] has won two new contracts, valued at approximately US$65 million, to grow GSM networks in Hebei province and metropolitan Chongqing.
Hebei Mobile Communications plans to expand its GSM 900 network, which will supports more than three and a half million subscribers, to offer General Packet Radio Service (GPRS), creating one of China`s first platforms for delivery of high-speed Wireless Internet services along with advanced mobile telephony.
China Unicom (Chonqqing branch) expects to support nearly 500,000 subscribers on its GSM 900 network with base station capacity expansion to be completed later this year.
"The loyalty of our Chongqing and Hebei customers demonstrates the quality and performance of our wireless technology and their satisfaction with our service and support," said Robert Mao, president and chief executive officer, Nortel Networks China. "We are leading the way in China`s wireless market by meeting the current demand for quality voice services while implementing a scalable platform for Wireless Internet and other, next-generation services." Nortel Networks has built or expanded wireless networks in Hong Kong, in Taiwan, and in 17 of China`s 31 provinces. New wireless infrastructure awards in the region year-to-date total nearly US$140 million.
A leading edge solution from the network provider at the heart of the Internet revolution, the Nortel Networks GPRS platform can enable operators to offer full Internet Service Provider (ISP) capabilities, supporting applications such as secure mobile Virtual Private Networks (VPNs) and mobile eBusiness. It is expected that GPRS will support data transmission speeds up to 170 kilobits per second in the near future, nearly 12 times faster than typically available today.
The Nortel Networks GPRS core network solution is based on the widely deployed Nortel Networks` Passport* and Contivity* Extranet switches, each with a rich, proven heritage for providing packet data services. The GPRS radio infrastructure involves a simple software upgrade to Nortel Networks` industry leading GSM radio equipment.
Nortel Networks` complete GPRS offering also includes Nortel Networks` Preside* suite of world class, carrier-grade network, policy and service management solutions, which enable wireless operators to implement high-quality, high-capacity data services quickly and cost-effectively.
Nortel Networks is a global leader in telephony, data, eBusiness, and wireless solutions for the Internet. The Company had 1999 U.S. GAAP revenues of US$21.3 billion and serves carrier, service provider and enterprise customers globally. Today, Nortel Networks is creating a high-performance Internet that is more reliable and faster than ever before. It is redefining the economics and quality of networking and the Internet through Unified Networks* that promise a new era of collaboration, communications and commerce.
Visit us at www.nortelnetworks.com.
* Nortel Networks, the Nortel Networks logo, the Globemark, Unified Networks, Passport, Contivity, Preside and How the world shares ideas are trademarks of Nortel Networks.
CONTACT: Sharon Tang, Nortel Networks Tel: [phone] e-mail: [e-mail]
((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [e-mail])).
(C) 2000 M2 Communications Ltd.

Sources:M2 PRESSWIRE 05/05/2000




Euch allen eine gute Nacht und ein schönes Wochenende!

Gruß

Hollin

[Gurki]

hallo hrct´ler,

na, das mit dem letter von alan war dann wohl nix ! und das schlimmste - auch mein hausbriefkasten blieb heute leer ! scheint nicht mein tag heute zu sein !?

obwohl - asat hat sich gestern beachtlich geschlagen ! ich weiß, das gehört eigentlich nicht hierher, aber ist, neben den asat-haltenden hrct´lern, für hrct selbst auch nicht uninteressant !

wünsche euch allen ein heiteres wochenende !

gurki

und panik: ist schon toll, was hrct in den letzten monaten geschaffen hat !

[dexter]

hallo HRCT-freunde:
mal was zum schmunzeln und zur allgemeinen erheiterung ;
hab folgendes heute in meinem Briefkasten gehabt:

Kennst Du schon die bayerische Version von Windows 98?

Eine angebliche Pressemitteilung von Microsoft liefert Zusatzinformationen zu einer "Bavaria-Version" von Windows 98.


Im Original heißt es:

WICHTIGE KUNDENINFORMATION FUR WINDOWS NUTZER

Kundeninformation: Windows

Durch ein bedauerliches Versehen wurden einige Kopien der Bavaria-Version von Windows 98 auch außerhalb Bayerns ausgeliefert. Zum Verständnis dieser Version benötigen Sie wahrscheinlich einige Zusatzinformationen. Diese Informationen finden Sie auch in der Datei c:Schaun`mer.amoi. Die Bavaria-Version meldet sich beim Start als "Fensterln 98". Das Standard-Hintergrundbild ist ein Ölgemalde des Königssees mit einem röhrenden Hirschen im Vordergrund, Standard-Screensaver ist ein schuhplattelnder Eingeborener.

Einige Standardordner haben andere Namen bekommen, wie z.B.
Windows - Fensterln
Aktenkoffer - Wo mei Brotzeit is
Arbeitsplatz - Saustall
Ausführen - Moch hi
Dokumente - Mei G`lump
Einstellungen - Is scho recht
Favoriten - Dera Schweinsseit`n
Netzwerkumgebung - Servus, Leit`
Programme - G`lump von die anneren
Papierkorb - Misthauf`n
Suchen - Host mi?
Taskleiste - Des do unt`n

Zur Programmsteuerung müssen Sie folgendes wissen:
OK - Jo freili
Abbrechen - Himmiherrgotsakra - naa
Weiter - Moch zue
Schließen - Moch foatt
Zurücksetzen - Moch`s holt nei
Ja - Jo
Nein - Naa
Gehe zu - Gemma
Zurück - Z`ruck
Hilfe - I vasteh nix
Start - Fang oo...
Beenden - Hoit oo...

Außerdem wurden einige Hardware-Komponenten umbenannt:

Computer - Saupreiss, elekdroni`scher
CD-ROM-Laufwerk - Moass-Hoider
Festplatte - Tanzbod`n
Floppy - Des kloane Plastik-G`lump
Floppylaufwerk - Do wo des kloane Plastik-G`lump einikimmt
Monitor - Glotz`n
Soundkarte - Hollaroduliooh
Videokarte - Glotz`n-Koat`n

Bitte beachten Sie auch, daß generell die normale deutsche Syntax durch die idiomatische bayrische ersetzt wurde. Wir entschuldigen uns für alle Unannehmlichkeiten, die Sie durch den Erhalt von Fensterln 98 möglicherweise hatten.

Soweit die angebliche Pressemitteilung von Microsoft. Bleibt nur noch die Frage, wann die Entwickler von Open-Source-Software endlich nachziehen und ein bayerisches Linux auf die Hax`n stellen.

gruß

dexter

[Pitcan]

Hallo zusammen,

ich muss sagen, dass mich fast alle Artikel zu Hartcourt froh stimmen.
Habe selbst genug im Depot und denke nun auch über ne long position nach. Ihr gebt einfach alles um mich froh zu stimmen !
Ist das mit dem Nasdaq listing nur Gemunkel oder soll das wirklich dieses Jahr laufen ?

Gruss an alle, besonders an Fuel Cell & Dexter
:-)

[Hollin]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Franz Beckenbauer]

E-commerce Could Grow 500 Percent in 2000

E-commerce sales in China totalled just 55 million yuan (US$6.63 million) in 1999 but could grow 500 percent this year, according to a survey released Thursday.

China had 800 Web sites conducting online sales by the end of March, said the report compiled by two new Internet survey firms with links to China`s Ministry of Information Industry.

The Internet accounted for just 0.018 percent of sales in China, compared with a 1.4 percent rate in the United States, said the Center for Computer Industry Development and CCIDNet Consulting.

Despite a per capita income of just 5,500 yuan (US$662.7) a year in cities, and even less in the countryside, China is regarded as a promising e-commerce market because of its vast size and rapidly growing Internet use.

China has 8.9 million Internet users, according to the latest official figures released in January. That group is doubling in size every six months.

Online sales this year could total 350 million yuan (US$42.2 million), said the CCID report. By comparison, e-commerce in the United States last year totalled dlrs 31 billion.

E-commerce in China has been handicapped by a lack of credit cards, though banks have developed alternative online payment systems. Other obstacles include a poor delivery network and reluctance among shoppers to buy goods they can`t examine beforehand.

Experts also question the reliability of Chinese statistics about e-commerce, suspecting some sites may be inflating their sales figures.

Only 40 percent of Internet users have shopped online more than twice, but 90 percent expect to buy something this year, the report said.

It said the most popular sellers online so far are books, computer hardware and software, compact disks and video compact disks.

Shoppers` satisfaction was still low by international standards at 40 percent, compared with a world average of 90 percent, the report said.

Their biggest concern is security, it found.

"To build a secure shopping environment will be the issue to be solved for Chinese e-commerce development," the report said.

(People`s Daily)

[Franz Beckenbauer]

China Warns U.S. Over Trade Status

With a U.S. congressional vote on a landmark trade deal approaching, China warned Thursday of possible repercussions for American companies in China if the pact is rejected.

According to AP, the warning came during a visit by a congressional delegation that President Clinton hopes will solidify support for giving China permanent low-tariff access to U.S. markets.

The measure was part of a U.S.-China deal to clear the way for Beijing`s expected entry into the World Trade Organization later this year. In exchange, Beijing promised to open its markets to foreign competitors.

But Premier Zhu Rongji has threatened to exclude U.S. companies if Congress doesn`t give China permanent normal trade relations.

``China-U.S. relations will be greatly undermined. Especially the interests of U.S. companies in China will be undermined,`` Foreign Ministry spokesman Sun Yuxi said during a regular news briefing.

Sun would not give details, but suggested American companies might still face high tariffs and barriers to competition while restraints on other foreign companies were loosened.

``It also is not conducive for U.S. companies to compete with other companies in the Chinese market,`` he said.

Labor and human rights groups have opposed giving China permanent normal trade relations. It would require scrapping the annual trade review that critics of China`s communist government have used to push for improvements in religious, labor and human rights.

A delegation of four congressmen led by Agriculture Secretary Dan Glickman is visiting China in hopes of winning over undecided lawmakers before the congressional vote scheduled for May 22. The delegation has been meeting with Chinese officials and U.S. and Chinese business leaders.

Glickman said Wednesday he had cautioned Chinese officials the vote would be ``very, very close.``

Sun, the Foreign Ministry spokesman, ruled out compromises such as attaching conditions to the trade issue or creating a WTO panel to monitor Chinese human rights.

He said the trade issue and human rights ``are two questions that cannot be confused. We are opposed to any politicization of human rights and the use of human rights to interfere in other countries` internal affairs.``

[Hollywoods]

Hi Jungs!
Ich poste sehr sehr selten hier im Board aber ich bin aufmerksamer leser eurer Beiträge.
Ich habe großen Respekt vor Hollin, logo, panik, fuel Cell und den anderen die sich an den unzähligen Hartcourt - Thread`s so umfangreich beteiligen(tut mir Leid wenn ich sie nicht alle mit Namen nenne).Mit diesen sehr Informativen Beiträgen kann ich bei weitem nicht mithalten. Trotzdem würde es mich freuen wenn in naher Zukunft mal etwas super gutes von Phan kommt was den Kurs wieder nach oben treiben würde(Nasdaq Listing,Positive Zahlen am 15.05, usw.).

Da ich noch diesen Monat heiraten werde würde mich ein etwas höherer Kurs sehr freuen.

Grüße an alle Hartcourtler und macht weiter so !!
Stay Long (very Long) !!

Hollywood

[Franz Beckenbauer]

Hallo Hollywood !

Vorab möchte ich mich entschuldigen, da ich leider ein paar "Weizen"
zuviel getrunken habe. (Leider hat meine Mannschaft im "Medenspiel"
mit 2:7 verloren)



Trotzdem wünsche ich dir und deiner zukünftigen Frau "Alles Gute"


Ich hoffe, daß HRCT seinen Teil dazu beitragen kann !!!!!!

Servus Franz

[l_o_g_o]

May 7th, 2000

Dear Shareholders:
As I prepare to leave for China, I would like to update you on the progress we have made recently. The SinoBull.com web site continues to be very popular, averaging 1.6 Million page views per day. The hard launch of the site has been scheduled for the end of June when the technical upgrade of our servers and telecommunications should be complete. Five operating units within SinoBull are recording increased revenues; and some are acquiring smaller companies to complement their core business. Dr. Charlie Yang will be in China starting this week to spearhead the Innostar JV wireless project. Mr. Manu Ohri, our CFO, is working with BDO to complete the quarterly report (Form 10Q) on time. Outside Directors and a new CEO are still being negotiated with, and new strategic alliances are being formed and finalized by our technical team.

The three major targets our top management is focusing on are: the NASDAQ NMS listing, the IPO underwriting agreement for SinoBull and the acquisition of a major Internet infrastructure company in China. I know we are very close to the finish line; but of course, it`s very difficult to pinpoint the exact dates, because not all the factors are within our control. We all know that the completion of these goals will propel Hartcourt into the next orbit; so we are throwing everything we have into meeting this challenge. We will arrive. Soon.

Last week, Hartcourt management had an all-day retreat to re-define our goals, to evaluate our positions, to strategize our moves, to assign specific tasks and to set timetables and performance standards. It provided all of our executives with tremendous insight and focus, strengthening our determination and rejuvenating our energies. I would like to share with you some of the conclusions from this meeting.

First of all, we reaffirmed that we plan to be an operating company, actively managing our investments, and not just a holding company. Our 5-year goal is to be a first-tier Internet company in China, specializing in Internet infrastructure network. With some projections estimating Greater China to be the largest population of Internet users by 2005, we at Hartcourt believe SinoBull, Innostar and other Hartcourt products will be the leading brand names in this new frontier.

In assessing our strengths and weaknesses, as well as our competitive edge, we are confident that we have among the best tools at hand: a dedicated core of take-charge managers in China, a strong technology team with years of experience in world-class companies, and leaders with excellent skill and vision in a unique market. Our present market position would also give us an advantage of about 12 months ahead of competitors in deployment and experience in this new space. Our major weakness has been our failure to communicate effectively our story and accomplishments to the investment community leading to undervaluation of our stock price as compared to other Chinese Internet companies. And even though these are areas we do not have control over, the delays of our NASDAQ listing, of the Ernst & Young report, and of the 10K filing; we share the blame for our high expectations of anticipated completion times, which in turn propagated to pending issues. But with the completion of the Ernst & Young report, we fully expect a successful SinoBull IPO. We are also working with FRB and other PR efforts in Asia to prepare on capitalizing on the media attention directed to China and the WTO, to bring forward the stories of Hartcourt and SinoBull.

With our weaknesses being fixed, our strengths are being fortified. Overall, when the playing field is level, the team with the best talents and determination is expected to win. We expect to win.

I emphasized to all our executives that the next few months are crucial to Hartcourt`s future. And the shareholders will not accept any excuses. We either perform and deliver or we ought to face the firing squad. It is difficult for a team to win year after year; but I expect Hartcourt to do it again this year. We will never settle for second best. Excellence is not an occurrence, it is a habit. We will perform and we will deliver.

Franklin Roosevelt once said, "The only limit to our realization of tomorrow will be our doubts of today." I have no doubt whatsoever.

Sincerely,

Dr. Alan V. Phan
Chairman & CEO



Certain statements in this letter may constitute "forward - looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such "forward - looking" statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements expressed or implied by such "forward - looking" statements to differ materially.

[panik]

einen schönen guten morgen
hier der neueste shareholder-letter von phan
Letter from Dr. Alan Phan:
May 7th, 2000

Dear Shareholders:
As I prepare to leave for China, I would like to update you on the progress we have made recently. The SinoBull.com web site continues to be very popular, averaging 1.6 Million page views per day. The hard launch of the site has been scheduled for the end of June when the technical upgrade of our servers and telecommunications should be complete. Five operating units within SinoBull are recording increased revenues; and some are acquiring smaller companies to complement their core business. Dr. Charlie Yang will be in China starting this week to spearhead the Innostar JV wireless project. Mr. Manu Ohri, our CFO, is working with BDO to complete the quarterly report (Form 10Q) on time. Outside Directors and a new CEO are still being negotiated with, and new strategic alliances are being formed and finalized by our technical team.

The three major targets our top management is focusing on are: the NASDAQ NMS listing, the IPO underwriting agreement for SinoBull and the acquisition of a major Internet infrastructure company in China. I know we are very close to the finish line; but of course, it`s very difficult to pinpoint the exact dates, because not all the factors are within our control. We all know that the completion of these goals will propel Hartcourt into the next orbit; so we are throwing everything we have into meeting this challenge. We will arrive. Soon.

Last week, Hartcourt management had an all-day retreat to re-define our goals, to evaluate our positions, to strategize our moves, to assign specific tasks and to set timetables and performance standards. It provided all of our executives with tremendous insight and focus, strengthening our determination and rejuvenating our energies. I would like to share with you some of the conclusions from this meeting.

First of all, we reaffirmed that we plan to be an operating company, actively managing our investments, and not just a holding company. Our 5-year goal is to be a first-tier Internet company in China, specializing in Internet infrastructure network. With some projections estimating Greater China to be the largest population of Internet users by 2005, we at Hartcourt believe SinoBull, Innostar and other Hartcourt products will be the leading brand names in this new frontier.

In assessing our strengths and weaknesses, as well as our competitive edge, we are confident that we have among the best tools at hand: a dedicated core of take-charge managers in China, a strong technology team with years of experience in world-class companies, and leaders with excellent skill and vision in a unique market. Our present market position would also give us an advantage of about 12 months ahead of competitors in deployment and experience in this new space. Our major weakness has been our failure to communicate effectively our story and accomplishments to the investment community leading to undervaluation of our stock price as compared to other Chinese Internet companies. And even though these are areas we do not have control over, the delays of our NASDAQ listing, of the Ernst & Young report, and of the 10K filing; we share the blame for our high expectations of anticipated completion times, which in turn propagated to pending issues. But with the completion of the Ernst & Young report, we fully expect a successful SinoBull IPO. We are also working with FRB and other PR efforts in Asia to prepare on capitalizing on the media attention directed to China and the WTO, to bring forward the stories of Hartcourt and SinoBull.

With our weaknesses being fixed, our strengths are being fortified. Overall, when the playing field is level, the team with the best talents and determination is expected to win. We expect to win.

I emphasized to all our executives that the next few months are crucial to Hartcourt`s future. And the shareholders will not accept any excuses. We either perform and deliver or we ought to face the firing squad. It is difficult for a team to win year after year; but I expect Hartcourt to do it again this year. We will never settle for second best. Excellence is not an occurrence, it is a habit. We will perform and we will deliver.

Franklin Roosevelt once said, "The only limit to our realization of tomorrow will be our doubts of today." I have no doubt whatsoever.

Sincerely,

Dr. Alan V. Phan
Chairman & CEO
gruß panik

[panik]

guten morgen logo,
da warst du schneller
gruß panik

[kain]

Guten Morgen Logo,Guten Morgen Panic.
Wollte ich gerade auch Letter von Phan posten mit dem Überschrift
"Doch eingetroffen".Na,ja hat sich erledigt.Ihr wart beide schneller.
Ciao!
kain

[dexter]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Hollin]

Guten Morgen, dexter, l_o_g_o, panik und kain!

Excellence is not an occurrence, it is a habit. - Das gefällt mir sehr gut!

Gruß

Hollin

[fiat lux]

guten morgen,
auf eine schöne woche (nicht nur das wetter)
gruss

[Hollin]

08May2000 CHINA: Follow the Leader: Beijing`s control of China`s securities industry makes it hard to separate fact from fiction.
By Karby Leggett.

SHANGHAI, China - When Le Xuikang lost his job at a Shanghai textile factory five years ago, he sank a chunk of his retirement money into China`s stock market. Mr. Le has traded nearly every day since then, and says he has no regrets: Last year alone, he adds, he almost doubled the value of his portfolio by betting correctly on a fast-rising software company.
Yet Mr. Le, a short, heavyset man with a thick crop of hair, says he invests in stocks because it`s the only alternative to a low-yielding bank deposit account. He doesn`t consider himself a long-term investor and says, in fact, that he doesn`t trust the Chinese companies into which he has poured his life savings.
Why not?
Because "most of the information we get on the stock market is fake," he grumbles, sitting in a downtown Shanghai brokerage firm one afternoon as he conducts his stock trading.
Mr. Le`s experience highlights a key problem facing stock investors in China: Though the situation is slowly improving, there remains an acute shortage of accurate information. Reliable data is hard to get in many countries, but Beijing`s ironclad control of the securities industry means that investors often have a hard time separating fact from fiction. The result is a market that, despite some progress, is still driven by rumors and often manipulated by government policy.
For all of its shortcomings, a growing number of investors from Mr. Le to Merrill Lynch & Co. are willing to take the risks. China`s huge economy is still growing quickly every year, and at some point, many observers agree, it will become the largest in Asia and possibly the world. The only real way for investors to enjoy that growth is to buy shares of the listed companies.
"China is not a market we can afford to ignore," says Mark Mobius, president of Templeton Emerging Markets Fund Inc., Singapore, which runs three China stock funds. "We must be there sooner or later, but we must take care. Many hopes have drowned on the shoals of China dreams."
Xue Lan, head of China research for Merrill Lynch in Hong Kong, agrees. "Certainly, the disclosure level among Chinese companies isn`t as good as other emerging markets," she says. "Many Chinese companies have been accused of misleading investors." Still, she adds, "China`s not a market that any investment bank can really afford to ignore."
Indeed, the rapid rise of China`s securities markets has been astounding. A decade ago they didn`t exist. Today, exchanges in Shanghai and Shenzhen have joined markets in Hong Kong, London and New York in listing more than 1,000 Chinese companies. Total market capitalization of these companies is close to $500 billion - about half of China`s annual economic output. For companies whose shares trade exclusively in the domestic markets, where volumes often exceed those of Hong Kong, market capitalization equals more than 30% of China`s economic output.
The Communist Party still controls everything from the regulatory agencies and brokerage firms to the securities newspapers that are supposed to provide investors with unbiased information. Beijing`s economic mandarins even have sole authority over the listing process, ignoring factors like profits and future growth and instead selecting companies that fit their policy needs.
"The political structure is very difficult to get around .... It`s built on corrupt practices," says Mr. Mobius. "This is something institutional investors in the U.S. aren`t used to. You never buy a stock in the U.S. because Bill Clinton likes it."
Yet in China, that`s exactly what happens, and the money keeps pouring in.
When Beijing set up stock exchanges 10 years ago, it did so with a single purpose in mind: to help cash-strapped state-owned enterprises raise cheap capital and break their traditional reliance on state-bank financing. The logic is simple. Chinese citizens hold more than $720 billion in individual deposits in the banking system. By opening up stock markets, Beijing found it was able to tap that cash to pay for new investments by state enterprises, easing the debt burdens that state banks racked up over the years by lending to these firms.
The result of this policy is that more than 95% of the Chinese companies now listed overseas or on the domestic exchanges are majority-owned by the government. And they`re run by former government bureaucrats with no experience managing publicly traded companies. Stock options are rare, and the vast majority of managers still draw small salaries that aren`t linked to their performance.
Templeton and Merrill try to limit their risks by relying on their own research and having solid teams of analysts with experience in China. These analysts make frequent trips into China, visit the companies they recommend, and then cross-check their findings with other new sources of information now available, particularly through the Internet. Templeton, a unit of Franklin Resources Inc., San Mateo, Calif., has opened an office in China that helps with research.
But for the Mr. Les of this world, the traps are still many. Consider the case of Sichuan Hongguang Industry Co., a government company that makes picture tubes and is listed on the domestic stock market. In 1997, Hongguang raised $50 million in capital in an initial public offering. But Hongguang managers, it turned out, had reported profits ahead of the listing, whereas the company actually had a loss of $12 million. Managers also used proceeds from the share sale to speculate in the stock market. Regulators - the same ones who signed off on the listing in the first place - eventually recommended that China`s courts file criminal charges against senior managers.
China has attempted to address some of these issues through a prolonged crackdown on market irregularities. Beijing also recently implemented a new Securities Law, the first set of national regulations to govern the industry. It has also put in place tougher accounting rules and has announced high-profile investigations against some rogue traders working out of government stock-brokerage firms.
Some analysts, like Ms. Xue of Merrill Lynch, say this has improved the investment environment and forced Chinese companies to disclose more information to investors. But many analysts say these changes don`t address the fundamental problem: Beijing`s control of who gets to list and when.
Indeed, with China`s entry to the World Trade Organization approaching, the government is once again seeking to list a batch of large state companies in the oil, telecommunications and insurance industries to pay for corporate restructurings and new investments. Beijing is pitching these behemoths, such as PetroChina Corp., as a "new" kind of state enterprise, and foreign investment bankers are promising they will be more responsive to shareholders.
But Beijing shows no sign of easing its control over the markets. Indeed, the central government ordered China`s government-run media to start talking up the markets last year, hoping that rising stock prices would boost the economy by creating a "wealth effect," as has happened in the U.S. But 10% of all Chinese listed companies lost money last year - a number that`s still growing - suggesting market fundamentals don`t support higher stock prices.
Regardless, domestic investors like Mr. Le say they intend to keep trading, and hope to take advantage of Beijing`s strong-stock policy to make more money. Yet Mr. Le also says that he`s ready to pull out of the stock market at any time, a sentiment echoed by dozens of individual investors surrounding Mr. Le at the Shanghai brokerage firm that afternoon.
"We need freedom of the press," shouts one investor, who declines to give his name for fear it would anger the government.
-
Mr. Leggett is a staff reporter in The Wall Street Journal`s Shanghai bureau.
-
What You Need To Know

SHANGHAI - China`s stock markets have grown by leaps and bounds in the past decade, propelled by strong economic growth and a seemingly endless parade of government enterprises eager for cheap capital from investors. But for the uninitiated investor, understanding China`s stock markets and how to invest in them can be a dizzying affair.
With that in mind, here`s a quick look at some of the basics for stock investing.

Regulation

Almost all publicly traded Chinese companies are regulated in one form or another by the China Securities Regulatory Commission, whose officers are appointed by the central government. Last year, China introduced a national Securities Law to codify and improve on a patchwork of so-called temporary regulations that were used previously to govern the markets. The new law covers issues ranging from corporate governance and related-party transactions to accounting and corporate profit announcements, which listed companies are now officially required to publish twice a year, once covering the first six months of the calendar year and once covering the full year.
Market supervision, however, remains sketchy. Industry participants say oversight is often skewed by political interference from Beijing. While the Securities Law will help China create a more level playing field, many say it will be years - possibly decades - before regulation reaches a level of maturity now seen in the U.S.

Who Can Invest

China`s stock markets can be broadly separated into two classes: one for domestic investors, referred to as Class A shares, and one for foreign investors, which includes all Chinese equity traded in hard currency or on overseas markets. The reason for this split is that China`s currency, the yuan, isn`t fully convertible. Though China has pledged to liberalize its financial industry after entry to the World Trade Organization, Beijing has no plans to make its currency freely convertible, meaning these rules are likely to remain for the foreseeable future.
The largest of China`s stock markets is the A-share sector, which is denominated in the local currency, the yuan, and traded on the Shanghai and Shenzhen stock exchanges. Foreign investors, including Hong Kong residents, are officially prohibited from trading A shares, though lax regulation has opened wide loopholes through which foreign capital leaks in.
In total, the A-share markets list 1,037 companies with capitalization of more than $400 billion. Daily trading volume averaged about $1.7 billion last year. The A-share markets are watched closely because they provide directional clues for Chinese stocks traded on overseas markets.
Chinese shares that are open to foreign investment include H shares (listed in Hong Kong), N shares (listed in New York) and B shares (listed in China but traded in hard currency). Trading hours and other regulations, like corporate announcements, are set by the main exchanges where these shares trade.
Another group of Chinese companies, called Red Chips, are traded in Hong Kong and are also open to foreign investment. These companies were set up to act as the overseas capital-raising arms of different Chinese-government ministries and local governments; they are Hong Kong-based companies but are controlled and managed by Chinese-government parent companies.
Of the different classes of equity, shares traded in Hong Kong are the most popular because they offer the strongest liquidity. The Class B shares, which are traded in U.S. dollars in Shanghai and Hong Kong dollars in Shenzhen, are virtually ignored by foreign investors because of poor disclosure and thin trading volumes.

How to Invest

Publicly traded Chinese companies, which operate in a range of industries, including autos, telecommunications, property, shipping and transportation, steel, oil, petrochemicals, building materials, home appliances and foodstuffs, now number more than 200. This figure doesn`t include hundreds of foreign joint-venture companies, or local Hong Kong and Taiwan companies, that have assets in China.
These shares, and other Chinese stocks open to foreign investors, including high-tech firms listed on Hong Kong`s new Growth Enterprise Market, or GEM, can be purchased through large U.S. brokerage firms active in China`s market, or through dozens of smaller Hong Kong brokerages that cater specifically to local market. Class B shares can also be purchased directly through domestic Chinese brokerages.
Foreign investors can also choose from a variety of U.S. mutual funds that invest in any or all of these Chinese shares, including Fidelity Management & Research Co., Investec Guinness Flight Global Asset Management, Eaton Vance Management Inc., Dreyfus Corp. and U.S. Global Investors Inc.

The Upside

For investors, the upside is clear: China`s economy, despite its troubles, is one of the fastest growing in the world, and after entry to the WTO, growth is expected to be even stronger. Investing in Chinese shares offers a convenient way to enjoy that growth, while avoiding the bureaucratic headaches of making a direct investment. Strong market liquidity in most stocks - Class B shares and smaller companies listed in Hong Kong are the exception - also mean investors can enter and exit the markets quickly.

The Downside

But the downside is also large. Many investors have been burned by poor corporate disclosure and weak transparency, and even now, 10 years after China set up stock markets, foreign investors are often the last to hear about corporate developments. Securities regulators frequently issue new regulations months after market insiders have been informed.
The biggest risk, however, may simply be uncertainty over the future of many companies. Most list shares to raise cheap money and hope the new investments will guarantee their future in the economy. Yet China`s entry into the WTO will affect nearly every sector of the domestic economy, putting pressure on even the largest and best-managed companies. While rising stars, like China Telecom, are certain to survive, dozens of smaller companies, particularly in the A-share sector, probably won`t.
-

A Closer Look: China

The Economy

-- Gross domestic product (1999): $990 billion
-- Government budget (1999): $159 billion
-- Budget deficit (1999): $22 billion
-- Retail price index (1999): -3%
-- External debt (1998): $146 billion
-- Unemployment (1999): 3.1%*

*Official government figure; the real rate is much higher.

The Markets

Major stock exchanges and their total market capitalization* (in
billions)

-- Shanghai Stock Exchange: $230
-- Shenzhen Stock Exchange: $200
-- Hong Kong H-Share Exchange: $4.2

*As of February/March

Average daily volume (1999, in millions)

-- Shanghai Exchange: $853
-- Shenzhen Exchange: $826
-- Hong Kong H-Share Exchange: $53.5

Largest-cap stocks (March 23, in U.S. billions)



Company Exchange Market Cap China Telecom Hong Kong $153.7 Legend Holdings Hong Kong 8.3 Pudong Development Bank Shanghai 7.4 Sichuang Changhong Electric Shanghai 3.7 Zhongguancun Science Shenzhen 3.5 Shenzhen Development Bank Shenzhen 3.4 Oriental Pearl Shanghai 3.1 Shenzhen Kaifa Technology Shenzhen 2.6 Shenzhen Chuangye Shenzhen 2.6 China Resources Enterprise Hong Kong 2.6

Note:Figures for Hong Kong stocks reflect their tradable share
capital and don`t include stakes that the Chinese government holds
off-market, which aren`t officially tradable. For the Shanghai and
Shenzhen exchanges, the figures do include these nontradable shares.

Sources: State Development Planning Commission; State Statistical
Bureau; Shanghai Stock Exchange; Shenzhen Stock Exchange; Stock
Exchange of Hong Kong; Hang Seng Index Service Ltd; Lipper Asia Co.
(Copyright (c) 2000, Dow Jones & Company, Inc.).
Source: WALL STREET JOURNAL 08/05/2000





Gruß

Hollin

[fiat lux]

traut sich keiner den neuen phan brief zu analysieren!

[Gurki]

hallo fiat,

ich glaube es ist müsig den neuen brief zu analysieren !

die fakten sind bekannt, spekulationen und phantasie ist genug im umlauf . aber den genauen zeitpunkt des durchstartens vermag keiner zu präzisieren !

m.e. ergeben sich keine neuen aspekte !

gurki

[Ele27]

Hi Hrct`ler,

um ehrlich zu sein: Ich fand den neuen Brief ziemlich schwafelig. Für meinen Geschmack könnte jetzt gern mal etwas passieren. Ständig kurz vor den großen News zu stehen, ist etwas unbefriedigend.

Tschüs,

eine gelangweilte Ele27

[fiat lux]

NSDQ100 JUN00 3632.00 -6300
E-NASDAQ JUN00 3634.00 -6100

ich bin ganz deiner meinung ELE27.
es sollten fakten kommen.
gruss

[RamonAllones]

Hallo Hartcourt´ler,

die briefe enthalten nichts was den kurs zum anstieg bringen könnte. was zählt sind fakten, fakten und nochmal fakten.
zur zeit ist es einfach langweilig und öde, allerdings am ganzen markt. vor herbst erwarte ich keine wunder und dann trinke ich wahrscheinlich lieber wieder glühwein statt barcadi.

FORZA HARTCOURT !!!!!!

[dexter]

tja die liebe zeit, die liebe ungeduld, die lieben nerven........

würde mir auch konkreteres wünschen,- aber liebe hrct-freunde - m.e. braucht gut ding halt....weile. keine durchhalteparole. ich denke unser schätzchen wird seinen weg noch grandiös machen, ich glaube phan hat von uns allen die meiste geduld aufzubringen. soweit ich ihn einschätze kann es auch ihm nicht schnell genug gehen.......wenn da nicht die chinesen wären....zb das verspätetes sinobull-launching: m.e. steckt mehr dahinter als zu klein dimensionierte server. vielleicht einfach gründe, die wir wohl nie erfahren werden, weshalb das launching - strategisch vielleicht sogar sinnvoller - eher zu einem IPO-Termin von Sinobull selber trifft.

weiterhin kann man m.e. auch davon ausgehen, dass phan noch mehrer dinge im ärmel versteckt. warum sollte er sie jetzt auch hervorbringen? macht doch erst sinn wenn nas-listing erfolgt. apropos listing, tja wann?? hab gestern mal alte ufer-beiträge verglichen und durchgeschmökert: listing ende Februar, mitte März, Ende März, ganz bestimmt mitte april und heute? HRCT kann nichts dafür – muß ich mir auch immer wieder sagen..........also liebe leute auch wenn `s nicht tröstet: geduld, geduld und nochmal geduld..

gruß dexter

[Linda B.]

Valentin gegen die Ungeduld! Etwas geändert! Zu erkennen an den Klammern ()

Wie leben jetzt im Börsental (), das weiss doch jeder Mann
Und jeder weiss, dass man daran nichts ändern kann.
Lebten wir auch wie bekannt - früher im Schlaraffenland,
Wir schicken uns nun drein - und singen den Refrain:

Habt nur Geduld!
Alles kommt einmal wieder,
Wie es im Hoch () war,
Nur die Geduld nicht verlieren,
S`wird wieder, wie es war.
Dauert es auch noch ein Weilchen,
Ist auch die Welt jetzt nicht schön,
Kommenden (Aktien-)Generationen
Wird es ums so besser geh`n.

Frei nach Karl Valentin

Herzliche Grüße von der von Ungeduld geplagten aber durch Valentin getrösteten Linda

[dexter]

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