Hartcourt - Auf zu neuen Ufern ! Teil CXIV - 500 Beiträge pro Seite
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Hartcourt gibt e-learning-joint-venture bekannt
31.05.2001
The Hartcourt Companies, in China engagierte Holding für Internet-Finanzdienstleister, gab eine Kooperation mit den Universitäten von Kalifornien und Nord-Jiaotong bekannt. Chinesischen Studenten soll die Möglichkeit geboten werden, Karrieretraining nach amerikanischem Muster zu erhalten. Durch Online-Unterstützung über die Hartcourt-Töchter StreamingAsia und Elephant Talk sollen die Kosten für die Kurse drastisch fallen. Das Programm soll im September anlaufen und 2004 ein Umsatzvolumen von 11 Mio. Dollar erreichen. Gewinne soll es ab dem vierten Quartal 2002 geben.
31.05.2001
The Hartcourt Companies, in China engagierte Holding für Internet-Finanzdienstleister, gab eine Kooperation mit den Universitäten von Kalifornien und Nord-Jiaotong bekannt. Chinesischen Studenten soll die Möglichkeit geboten werden, Karrieretraining nach amerikanischem Muster zu erhalten. Durch Online-Unterstützung über die Hartcourt-Töchter StreamingAsia und Elephant Talk sollen die Kosten für die Kurse drastisch fallen. Das Programm soll im September anlaufen und 2004 ein Umsatzvolumen von 11 Mio. Dollar erreichen. Gewinne soll es ab dem vierten Quartal 2002 geben.
Hartcourt erhöht Beteiligung an StreamingAsia
30.05.2001
The Hartcourt Companies, in China engagierte Holding für Internet-Finanzdienstleister, wird weiter 35% des Hongkonger Webcasting-Sites StreamingAsia erwerben. Der daraus folgende 85%ige Anteil an diesem Unternehmen erleichtert hartcourt das Vorhaben, die Beteiligung über einen Börsengang zu versilbern. Als erstes soll StreamingAsia mit der Hartcourt-Beteiligung Total Systems Solution verschmolzen werden. Weitere Fusionen mit Multimedia-Unternehmen sollen folgen. Man sie erfreut darüber, dass man nunmehr die Möglichkeit habe, StreamingAsia zu einem viel größeren Unternehmen auszubauen.
30.05.2001
The Hartcourt Companies, in China engagierte Holding für Internet-Finanzdienstleister, wird weiter 35% des Hongkonger Webcasting-Sites StreamingAsia erwerben. Der daraus folgende 85%ige Anteil an diesem Unternehmen erleichtert hartcourt das Vorhaben, die Beteiligung über einen Börsengang zu versilbern. Als erstes soll StreamingAsia mit der Hartcourt-Beteiligung Total Systems Solution verschmolzen werden. Weitere Fusionen mit Multimedia-Unternehmen sollen folgen. Man sie erfreut darüber, dass man nunmehr die Möglichkeit habe, StreamingAsia zu einem viel größeren Unternehmen auszubauen.
AOL, Legend in China tie up - AWSJ
HONG KONG, June 4 (Reuters) - U.S. Internet firm AOL Time Warner (NYSE:AOL - news) and China`s largest personal computer maker Legend Holdings will enter into a US$200 million joint venture in China, the Asian Wall Street Journal reported on Monday.
ADVERTISEMENT
The move, marking the U.S. company`s first major entry into the Chinese market, is expected to be announced next week in Beijing, the AWSJ quoted an AOL document dated late last month.
The report said the two companies would each contribute US$100 million to set up a new company to develop interactive services targeted at Chinese consumers, with Legend holding a 52 percent stake, reflecting China`s tight restrictions on foreign ownership in the telecommunications and Internet sector.
Shares of Legend Holdings rose about one percent to HK$5.40 on Friday, and up almost 10.2 percent so far this year, outperforming the Hang Seng index (^HSI - news) which is down 12.9 percent.
Legend officials could not be reached for comment.
The AWSJ said the deal could hasten a long-awaited consolidation among Chinese portals.
NetEase.com, one of China`s three largest portals, has been looking for a buyer for months, holding talks with AOL and Legend as well as with Hong Kong`s i-Cable Communications Ltd , the paper quoted sources familiar with the talks.
Sina.com also had met recently with Hong Kong-based Chinadotcom (NasdaqNM:CHINA - news), the newspaper said.
($1 equals HK$ 7.8)
HONG KONG, June 4 (Reuters) - U.S. Internet firm AOL Time Warner (NYSE:AOL - news) and China`s largest personal computer maker Legend Holdings will enter into a US$200 million joint venture in China, the Asian Wall Street Journal reported on Monday.
ADVERTISEMENT
The move, marking the U.S. company`s first major entry into the Chinese market, is expected to be announced next week in Beijing, the AWSJ quoted an AOL document dated late last month.
The report said the two companies would each contribute US$100 million to set up a new company to develop interactive services targeted at Chinese consumers, with Legend holding a 52 percent stake, reflecting China`s tight restrictions on foreign ownership in the telecommunications and Internet sector.
Shares of Legend Holdings rose about one percent to HK$5.40 on Friday, and up almost 10.2 percent so far this year, outperforming the Hang Seng index (^HSI - news) which is down 12.9 percent.
Legend officials could not be reached for comment.
The AWSJ said the deal could hasten a long-awaited consolidation among Chinese portals.
NetEase.com, one of China`s three largest portals, has been looking for a buyer for months, holding talks with AOL and Legend as well as with Hong Kong`s i-Cable Communications Ltd , the paper quoted sources familiar with the talks.
Sina.com also had met recently with Hong Kong-based Chinadotcom (NasdaqNM:CHINA - news), the newspaper said.
($1 equals HK$ 7.8)
By: MR_BANK_ROLL $$$$
Reply To: None Monday, 4 Jun 2001 at 4:14 PM EDT
Post # of 141773
From the rumor mill..........
There is big money flowing into CHINA.
Companies are trying to buy up there way into
CHINA. The report came out early this morning.
We are in for a major offer. But the Doc. will not
sell. Look for big companies buying up shares
in HEARST. Look at Charles Schwab trying to
partner up with HRCT. There are BIG players
trying to get on board. If your a short I see you
at the race`s!
brohaw
Call the company.
This is what I heard
if not Charles S.
It`s some other BIG company looking at sin bull or HRCT
The Doc. will not sell, but look for this company
to partner up with HRCT
Goog luck on your call
When I call they didn`t confirm or deny it !!!!!!!!
I heard it at 5:30 A.M today...
brohaw
mhhhhhhhhhh.........hört sich gut an!
könnte was dran sein!
wie man sieht aol+legend
netesae.com wird aufgekauft,china.com hat wohl interesse an sohu.com.........
da kommt was großes das fühle ich!
hartcourt wird abgehen
Reply To: None Monday, 4 Jun 2001 at 4:14 PM EDT
Post # of 141773
From the rumor mill..........
There is big money flowing into CHINA.
Companies are trying to buy up there way into
CHINA. The report came out early this morning.
We are in for a major offer. But the Doc. will not
sell. Look for big companies buying up shares
in HEARST. Look at Charles Schwab trying to
partner up with HRCT. There are BIG players
trying to get on board. If your a short I see you
at the race`s!
brohaw
Call the company.
This is what I heard
if not Charles S.
It`s some other BIG company looking at sin bull or HRCT
The Doc. will not sell, but look for this company
to partner up with HRCT
Goog luck on your call
When I call they didn`t confirm or deny it !!!!!!!!
I heard it at 5:30 A.M today...
brohaw
mhhhhhhhhhh.........hört sich gut an!
könnte was dran sein!
wie man sieht aol+legend
netesae.com wird aufgekauft,china.com hat wohl interesse an sohu.com.........
da kommt was großes das fühle ich!
hartcourt wird abgehen
franzfinanz du
kümmer dich um dein e-kong scheiß
hartcourt ziehhhhhhhhhht an!!!!!!!!
das ist erst der anfang!
kümmer dich um dein e-kong scheiß
hartcourt ziehhhhhhhhhht an!!!!!!!!
das ist erst der anfang!
Hartcourt
Ihr redet mit dem Deppen auch noch. Selber schuld. Genau das will er. Macht weiter so!
After Hours Trading
6/5/2001 4:03:00 PM Last:
0.49 Change:
+0.01 Volume:
5,000
6/5/2001 4:03:00 PM Last:
0.49 Change:
+0.01 Volume:
5,000
Hallo Hartcourtler,
ich weiß nicht, ob ihr es schon bemrkt habt, aber Hartcourt hat für die nächsten sechs Monate eine PR-Firma engagiert.
Hier die Bekanntmachung per Ragingbullbeitrag:
____________________________________________________________
Ladies & Gentlemen:
My name is Georgia. I am an account executive at
Veritas PR. Our firm has been retained by Hartcourt to
handle all public and investor relations for the
company. In addition to introducing Hartcourt to the
investment community, including brokerage firms and
potential investors, we are also responsible for
replying to all questions and inquiries from existing
shareholders.
You can post your questions here at this chat room or
you can Email me directly at georgia@veritaspr.com. We
need at least 24 hours before replying, as we must
clear the information with the company.
We are pleased to be at your service and welcome
all your inquiries.
~Georgia
DISCLAIMER: VeritasPR is not a registered investment
advisor or broker, therefore, is not qualified to give
out advice on any investment matter. Veritas PR has
been retained by Hartcourt on a 6-month consulting
contract with a compensation rate of $3,000 per month.
Veritas PR has no other interest in Hartcourt at this
time.
____________________________________________________________
Und die Bestätigung von Dr. Phan:
____________________________________________________________
I got a response very quickly from the Doc...Here it is...
Hi xxxx:
Yes, we just signed a 6-month PR contract with Veritas
as we believe that they can help us where it matters
most: bringing new investors by working through the
distribution network of brokerage and market makers.
They are not your run-of-the-mill PR company, with a
flashy Web site and a lot of promises. They deliver
quietly.
Please give them the proper support. They will
contribute greatly to Hartcourt.
Best
Alan
____________________________________________________________
MFG sevim
ich weiß nicht, ob ihr es schon bemrkt habt, aber Hartcourt hat für die nächsten sechs Monate eine PR-Firma engagiert.
Hier die Bekanntmachung per Ragingbullbeitrag:
____________________________________________________________
Ladies & Gentlemen:
My name is Georgia. I am an account executive at
Veritas PR. Our firm has been retained by Hartcourt to
handle all public and investor relations for the
company. In addition to introducing Hartcourt to the
investment community, including brokerage firms and
potential investors, we are also responsible for
replying to all questions and inquiries from existing
shareholders.
You can post your questions here at this chat room or
you can Email me directly at georgia@veritaspr.com. We
need at least 24 hours before replying, as we must
clear the information with the company.
We are pleased to be at your service and welcome
all your inquiries.
~Georgia
DISCLAIMER: VeritasPR is not a registered investment
advisor or broker, therefore, is not qualified to give
out advice on any investment matter. Veritas PR has
been retained by Hartcourt on a 6-month consulting
contract with a compensation rate of $3,000 per month.
Veritas PR has no other interest in Hartcourt at this
time.
____________________________________________________________
Und die Bestätigung von Dr. Phan:
____________________________________________________________
I got a response very quickly from the Doc...Here it is...
Hi xxxx:
Yes, we just signed a 6-month PR contract with Veritas
as we believe that they can help us where it matters
most: bringing new investors by working through the
distribution network of brokerage and market makers.
They are not your run-of-the-mill PR company, with a
flashy Web site and a lot of promises. They deliver
quietly.
Please give them the proper support. They will
contribute greatly to Hartcourt.
Best
Alan
____________________________________________________________
MFG sevim
VC: Im Reich der Mitte spielt die Musik
--------------------------------------------------------------------------------
(©BörseGo - http://www.boerse-go.de)
Während amerikanische Venture Capital Unternehmen betroffen ihre Portfolios betrachten, sieht die Situation ganz anders in Asien aus.
Mehrere führende asiatische Wagniskapitalgeber haben ihre größten Beteiligungen jemals getätigt. Walden International schloss vor kurzem seinen größten Venture Fonds ab - Volumen: $1 Mrd. - der Gründer von Walden, Lip-Bu Tan, gibt darüber hinaus bekannt, dass das Unternehmen sogar $1.5 Mrd. aufbringen hätte können. Vor drei Jahren brachte H&Q Asia Pacific $750 Mio. auf, um in Asien zu investieren, im April brachte der Fonds $400 Mio. auf, um in Mobilfunk-Unternehmen in Japan zu investieren. ConnectCapital auf Mumbai bringt $100 Mio. auf, um in indische Tech-Unternehmen zu investieren. Marktbeobachter erwarten, dass Fonds, die in Indien investieren, in diesem Jahr $1 Mrd. aufbringen können. Im Jahr 1996 lag diese Zahl noch bei $20 Mio. Diese Daten wurden einer Studie der National Association of Software and Service Companies aus Indien entnommen.
In der Zwischenzeit treten bewährte US-Wagniskapitalgeber in das Land der Mitte ein und wittern Profite. Im Februar hat Cisco Systems zusammen mit Japan´s Softbank einen Fonds im Volumen von $2 Mrd. auferlegt. Dieser Fonds soll bevorzugt in Breitband-, Mobilfunk, optische Netzwerk- und Internet-Unternehmen investieren.
Das Asian Venture Capital Journal gibt an, dass asiatische VC-Konzerne im Jahr 2000 $16 Mrd. aufgebracht haben. Im Jahr 1998 lag diese Ziffer noch bei $7.4 Mrd. Dan Schwatz, der Herausgeber des Magazins, sieht in den US-Deals geringer Rückflüsse als bei Investitionen in Asien.
MM=ich denke mal, dass WTO eintritt von CHINA diesmal nicht verschoben wird.
--------------------------------------------------------------------------------
(©BörseGo - http://www.boerse-go.de)
Während amerikanische Venture Capital Unternehmen betroffen ihre Portfolios betrachten, sieht die Situation ganz anders in Asien aus.
Mehrere führende asiatische Wagniskapitalgeber haben ihre größten Beteiligungen jemals getätigt. Walden International schloss vor kurzem seinen größten Venture Fonds ab - Volumen: $1 Mrd. - der Gründer von Walden, Lip-Bu Tan, gibt darüber hinaus bekannt, dass das Unternehmen sogar $1.5 Mrd. aufbringen hätte können. Vor drei Jahren brachte H&Q Asia Pacific $750 Mio. auf, um in Asien zu investieren, im April brachte der Fonds $400 Mio. auf, um in Mobilfunk-Unternehmen in Japan zu investieren. ConnectCapital auf Mumbai bringt $100 Mio. auf, um in indische Tech-Unternehmen zu investieren. Marktbeobachter erwarten, dass Fonds, die in Indien investieren, in diesem Jahr $1 Mrd. aufbringen können. Im Jahr 1996 lag diese Zahl noch bei $20 Mio. Diese Daten wurden einer Studie der National Association of Software and Service Companies aus Indien entnommen.
In der Zwischenzeit treten bewährte US-Wagniskapitalgeber in das Land der Mitte ein und wittern Profite. Im Februar hat Cisco Systems zusammen mit Japan´s Softbank einen Fonds im Volumen von $2 Mrd. auferlegt. Dieser Fonds soll bevorzugt in Breitband-, Mobilfunk, optische Netzwerk- und Internet-Unternehmen investieren.
Das Asian Venture Capital Journal gibt an, dass asiatische VC-Konzerne im Jahr 2000 $16 Mrd. aufgebracht haben. Im Jahr 1998 lag diese Ziffer noch bei $7.4 Mrd. Dan Schwatz, der Herausgeber des Magazins, sieht in den US-Deals geringer Rückflüsse als bei Investitionen in Asien.
MM=ich denke mal, dass WTO eintritt von CHINA diesmal nicht verschoben wird.
wieso schreibt denn keiner mehr?
kein lust oder ist HRCT schon pleite?
kein lust oder ist HRCT schon pleite?
Hallo,
weiß jemand wie lang die Zeitspanne ist, bevor das IPO von SA wieder initialisiert werden darf?
Danke und viele Grüße von Arzgb.
weiß jemand wie lang die Zeitspanne ist, bevor das IPO von SA wieder initialisiert werden darf?
Danke und viele Grüße von Arzgb.
GURU`S CORNER: Analysts say put your money where the market is--in China
By Lester J. Gesteland
ChinaOnline News
(7 June 2001) With stocks in the doldrums across most of the globe, it’s hard to get excited about investing in securities these days. Shares listed on U.S. bourses went into a free-fall for most of last year, pummeled by the "tech wreck" on Wall Street, and most foreign equities followed suit.
Now it looks like the long-awaited U.S. economic recovery will be weaker than expected, and economists are predicting lackluster growth for the rest of the year. This could put downward pressure on stock portfolios worldwide
Unless you own Chinese securities, that is.
According to analysts, Chinese stocks look poised to defy the global downturn and will post sizable gains in the foreseeable future.
"We’ve had a huge run in Chinese stocks in the last two years. But this is just the beginning," Jaymie Sullivan, senior editor of The BCA China Analyst, told ChinaOnline.
"We expect optimism about China’s prospects to surge into the autumn," said Andy Xie, a Hong Kong-based analyst for Morgan Stanley, in a recent report. "If events pan out as we expect, an increasing number of people are likely to buy Chinese equities."
The numbers
To get an idea of where Chinese stocks will go, it’s helpful to see where they have been. Since the beginning of the year, mainland China-based companies listed in Hong Kong, known as H shares, have soared 52 percent, according to Deutsche Bank Hong Kong. The most stalwart and established among the H shares, referred to as "red chips," have risen 26 percent.
In comparison, the Dow Jones Industrial Average has risen less than 5 percent this year and the NASDAQ has fallen slightly.
Then there are the stocks listed in mainland China: the A shares and B shares. A shares, open to Chinese investors only, have shown the weakest performance so far. Those in Shanghai have risen 5.8 percent to date, while their Shenzhen counterparts have only grown an anemic 1.4 percent.
`We’ve had a huge run in Chinese stocks in the last two years. But this is just the beginning.`
--Jaymie Sullivan, senior editor of The BCA China Analyst
B shares, on the other hand, have outperformed the world. Originally restricted to foreign investors only, these securities were made available to Chinese investors starting in late February and have since taken off. Shanghai B shares are up 157 percent to date; their Shenzhen brethren have risen a whopping 179 percent.
Think about that the next time you look at your investment portfolio results.
Underlying the optimism
As any informed investor knows, past performance is no indication of future return, so it is important to look at why analysts are so upbeat about Chinese stocks.
"China seems to be the only emerging market economy that can successfully weather the current global slowdown," Jun Ma, director and senior economist at Deutsche Bank Hong Kong, told ChinaOnline.
One reason for this is that China’s exports have been hurt less than its neighbors. It was the bursting of the U.S. information technology bubble last year that triggered the current economic slowdown and this has had a negative impact on IT exporters, according to Xie.
"Exposure to IT trade determines the income effect from trade," Xie wrote. "Korea and Taiwan have over half of their exports tied to IT. China’s is less than 30 percent. This is why China’s export performance is about 10 percentage points better than that of Korea or Taiwan."
Booming domestic consumption
Another reason China is relatively immune from the global slowdown is that its growth is less reliant on exports than other countries.
"China’s growth is driven largely by domestic dynamics," Sullivan said. "It’s a relatively closed economy."
The PRC is home to a growing middle class that was long denied the fruits of capitalism and only recently discovered consumerism. It is also home to a government that wants to keep the economy growing at 7 percent per year. This translates into rising consumption fueled by fiscal stimulus programs.
It is a strategy that appears to be working. Consumer confidence is on the rise and the construction sector is picking up, Sullivan says. Xie describes the PRC as "awash with money."
Surging foreign investment
Another factor boosting China’s growth is foreign investment. Sullivan says contracted foreign investment—pledged but not yet spent—"is growing 40 percent to 50 percent annually."
"There are going to be a lot of high-return-on-capital investments in China," Sullivan said, and shareholders, both foreign and domestic, stand to reap the benefits of these business deals.
Although it is difficult to predict beyond the near term, there is reason to believe that foreign investment will continue to pour into China for the foreseeable future.
In a recent report, Xie pinpointed four factors that earned Taiwan and Korea the "tiger economy" reputations they enjoyed up until the late ’90s.
"The core of the Taiwanese and Korean economies is mass production. Their success depends on one, inexpensive labor; two, low-cost capital; three, good infrastructure; and four, management expertise in manufacturing. China now has all four," he wrote.
As a result, China is becoming the preferred source for imported goods—and not just cheap junk, either.
Take Japanese imports, for example. Japan’s decade-long recession has spurred consumers to become more cost-conscious than ever. This has reduced demand for goods made in Japan and caused a surge of imports from China. So much so, in fact, that the two countries are now involved in a minor trade spat.
"China is the low-cost production center with scale to satisfy Japanese consumers," Xie wrote.
Veteran businesspeople know that satisfying Japanese consumers is not easy. That China has demonstrated that it can do so bodes well for its ability to draw foreign investment. Thus, while global growth stagnates and IT exporters languish, analysts predict China will increasingly become a magnet for low-cost offshore manufacturing.
WTO entry
Lastly, China’s growth is getting a boost from foreign investors anticipating an economic boom once the PRC enters the World Trade Organization.
With access to more markets abroad and the fall of import barriers at home, analysts foresee a boom for China-based exporting concerns and the rapid development of a more competitive domestic economy. But Sullivan advises investors to look beyond China’s WTO entry.
"You want to invest in China because its reform agenda is progressing," she said. "The underlying trend is definitely positive. You’re seeing a lot of positive reform. You’re going to see more sectors opening up."
To contact Lester Gesteland, send an e-mail to lgesteland@chinaonline.com.
By Lester J. Gesteland
ChinaOnline News
(7 June 2001) With stocks in the doldrums across most of the globe, it’s hard to get excited about investing in securities these days. Shares listed on U.S. bourses went into a free-fall for most of last year, pummeled by the "tech wreck" on Wall Street, and most foreign equities followed suit.
Now it looks like the long-awaited U.S. economic recovery will be weaker than expected, and economists are predicting lackluster growth for the rest of the year. This could put downward pressure on stock portfolios worldwide
Unless you own Chinese securities, that is.
According to analysts, Chinese stocks look poised to defy the global downturn and will post sizable gains in the foreseeable future.
"We’ve had a huge run in Chinese stocks in the last two years. But this is just the beginning," Jaymie Sullivan, senior editor of The BCA China Analyst, told ChinaOnline.
"We expect optimism about China’s prospects to surge into the autumn," said Andy Xie, a Hong Kong-based analyst for Morgan Stanley, in a recent report. "If events pan out as we expect, an increasing number of people are likely to buy Chinese equities."
The numbers
To get an idea of where Chinese stocks will go, it’s helpful to see where they have been. Since the beginning of the year, mainland China-based companies listed in Hong Kong, known as H shares, have soared 52 percent, according to Deutsche Bank Hong Kong. The most stalwart and established among the H shares, referred to as "red chips," have risen 26 percent.
In comparison, the Dow Jones Industrial Average has risen less than 5 percent this year and the NASDAQ has fallen slightly.
Then there are the stocks listed in mainland China: the A shares and B shares. A shares, open to Chinese investors only, have shown the weakest performance so far. Those in Shanghai have risen 5.8 percent to date, while their Shenzhen counterparts have only grown an anemic 1.4 percent.
`We’ve had a huge run in Chinese stocks in the last two years. But this is just the beginning.`
--Jaymie Sullivan, senior editor of The BCA China Analyst
B shares, on the other hand, have outperformed the world. Originally restricted to foreign investors only, these securities were made available to Chinese investors starting in late February and have since taken off. Shanghai B shares are up 157 percent to date; their Shenzhen brethren have risen a whopping 179 percent.
Think about that the next time you look at your investment portfolio results.
Underlying the optimism
As any informed investor knows, past performance is no indication of future return, so it is important to look at why analysts are so upbeat about Chinese stocks.
"China seems to be the only emerging market economy that can successfully weather the current global slowdown," Jun Ma, director and senior economist at Deutsche Bank Hong Kong, told ChinaOnline.
One reason for this is that China’s exports have been hurt less than its neighbors. It was the bursting of the U.S. information technology bubble last year that triggered the current economic slowdown and this has had a negative impact on IT exporters, according to Xie.
"Exposure to IT trade determines the income effect from trade," Xie wrote. "Korea and Taiwan have over half of their exports tied to IT. China’s is less than 30 percent. This is why China’s export performance is about 10 percentage points better than that of Korea or Taiwan."
Booming domestic consumption
Another reason China is relatively immune from the global slowdown is that its growth is less reliant on exports than other countries.
"China’s growth is driven largely by domestic dynamics," Sullivan said. "It’s a relatively closed economy."
The PRC is home to a growing middle class that was long denied the fruits of capitalism and only recently discovered consumerism. It is also home to a government that wants to keep the economy growing at 7 percent per year. This translates into rising consumption fueled by fiscal stimulus programs.
It is a strategy that appears to be working. Consumer confidence is on the rise and the construction sector is picking up, Sullivan says. Xie describes the PRC as "awash with money."
Surging foreign investment
Another factor boosting China’s growth is foreign investment. Sullivan says contracted foreign investment—pledged but not yet spent—"is growing 40 percent to 50 percent annually."
"There are going to be a lot of high-return-on-capital investments in China," Sullivan said, and shareholders, both foreign and domestic, stand to reap the benefits of these business deals.
Although it is difficult to predict beyond the near term, there is reason to believe that foreign investment will continue to pour into China for the foreseeable future.
In a recent report, Xie pinpointed four factors that earned Taiwan and Korea the "tiger economy" reputations they enjoyed up until the late ’90s.
"The core of the Taiwanese and Korean economies is mass production. Their success depends on one, inexpensive labor; two, low-cost capital; three, good infrastructure; and four, management expertise in manufacturing. China now has all four," he wrote.
As a result, China is becoming the preferred source for imported goods—and not just cheap junk, either.
Take Japanese imports, for example. Japan’s decade-long recession has spurred consumers to become more cost-conscious than ever. This has reduced demand for goods made in Japan and caused a surge of imports from China. So much so, in fact, that the two countries are now involved in a minor trade spat.
"China is the low-cost production center with scale to satisfy Japanese consumers," Xie wrote.
Veteran businesspeople know that satisfying Japanese consumers is not easy. That China has demonstrated that it can do so bodes well for its ability to draw foreign investment. Thus, while global growth stagnates and IT exporters languish, analysts predict China will increasingly become a magnet for low-cost offshore manufacturing.
WTO entry
Lastly, China’s growth is getting a boost from foreign investors anticipating an economic boom once the PRC enters the World Trade Organization.
With access to more markets abroad and the fall of import barriers at home, analysts foresee a boom for China-based exporting concerns and the rapid development of a more competitive domestic economy. But Sullivan advises investors to look beyond China’s WTO entry.
"You want to invest in China because its reform agenda is progressing," she said. "The underlying trend is definitely positive. You’re seeing a lot of positive reform. You’re going to see more sectors opening up."
To contact Lester Gesteland, send an e-mail to lgesteland@chinaonline.com.
Announcement of i-Cable NetEase buy postponed-source
HONG KONG, June 8 (Reuters) - A planned Friday announcement of the acquisition of Chinese Internet portal firm NetEase Inc (NasdaqNM:NTES - news) by Hong Kong cable TV company i-Cable Communications has been postponed, a source familiar with the situation said.
ADVERTISEMENT
No further details on the move were immediately available.
NetEase declined to comment on what it called ``rumours`` that it would be acquired, while Hong Kong`s I-Cable also refused to comment.
Recent media reports have said i-Cable will buy NetEase, one of the top three Chinese portal companies.
Another source familiar with the situation described reports that a deal had been struck as ``premature.``
The Asian Wall Street Journal reported on Friday that NetEase had agreed to a deal that would have i-Cable buy all of NetEase for US$85 million.
NetEase, which several months ago hired Goldman Sachs to help it find a buyer, has delayed reporting its first quarter results as it investigates the possible misreporting of contracts by staff. The probe is focused on about US$1 million in revenue, the company said in a statement in May.
A results announcement date for NetEase has still not been set, a spokesman for Beijing-based NetEase said.
NetEase is one of the top three portals in China. All three are Nasdaq-listed and money-losing, as online advertising revenue proves elusive in the mainland.
But a long-anticipated consolidation in China`s portal industry appears imminent, as Sina.com (NasdaqNM:SINA - news) has held talks towards a linkup with Internet conglomerate chinadotcom corp (NasdaqNM:CHINA - news).
Chinese software firm Beida Jade Bird Group , which has a minority stake in top-three portal Sohu.com (NasdaqNM:SOHU - news), is believed to be interested in acquiring a majority stake.
Shares in NetEase, far below their year high of US$17.25, have been on a steady rise as investors anticipate a buyout. The shares rose 6.47 percent on Thursday to $2.14, compared with an all-time low on March 30 of $1.
I-Cable shares fell 1.71 percent on Friday to HK$4.30. I-Cable is majority owned by conglomerate Wharf Holdings . Wharf shares were up 0.52 percent to HK$19.25.
Both Goldman Sachs and Credit Suisse First Boston, which are representing NetEase and i-Cable respectively, declind to comment.
HONG KONG, June 8 (Reuters) - A planned Friday announcement of the acquisition of Chinese Internet portal firm NetEase Inc (NasdaqNM:NTES - news) by Hong Kong cable TV company i-Cable Communications has been postponed, a source familiar with the situation said.
ADVERTISEMENT
No further details on the move were immediately available.
NetEase declined to comment on what it called ``rumours`` that it would be acquired, while Hong Kong`s I-Cable also refused to comment.
Recent media reports have said i-Cable will buy NetEase, one of the top three Chinese portal companies.
Another source familiar with the situation described reports that a deal had been struck as ``premature.``
The Asian Wall Street Journal reported on Friday that NetEase had agreed to a deal that would have i-Cable buy all of NetEase for US$85 million.
NetEase, which several months ago hired Goldman Sachs to help it find a buyer, has delayed reporting its first quarter results as it investigates the possible misreporting of contracts by staff. The probe is focused on about US$1 million in revenue, the company said in a statement in May.
A results announcement date for NetEase has still not been set, a spokesman for Beijing-based NetEase said.
NetEase is one of the top three portals in China. All three are Nasdaq-listed and money-losing, as online advertising revenue proves elusive in the mainland.
But a long-anticipated consolidation in China`s portal industry appears imminent, as Sina.com (NasdaqNM:SINA - news) has held talks towards a linkup with Internet conglomerate chinadotcom corp (NasdaqNM:CHINA - news).
Chinese software firm Beida Jade Bird Group , which has a minority stake in top-three portal Sohu.com (NasdaqNM:SOHU - news), is believed to be interested in acquiring a majority stake.
Shares in NetEase, far below their year high of US$17.25, have been on a steady rise as investors anticipate a buyout. The shares rose 6.47 percent on Thursday to $2.14, compared with an all-time low on March 30 of $1.
I-Cable shares fell 1.71 percent on Friday to HK$4.30. I-Cable is majority owned by conglomerate Wharf Holdings . Wharf shares were up 0.52 percent to HK$19.25.
Both Goldman Sachs and Credit Suisse First Boston, which are representing NetEase and i-Cable respectively, declind to comment.
HRCT in USA.......langsam aber sicher..
immer weiter so.
immer weiter so.
Hi,
heute Nachmittag war Hrctweb im RB.
Hier die Antworten:
Question 1: Hi Investorman, actually I would have liked to have everything finished by now, but I expect most of the major phases will be done around the end of the month.
Obtaining access and approval for the online learning license (nationwide) is a huge accomplishment. Naturally, the Chinese government will be quite interested in observing our testbed center. With success, I suspect online learning centers could be established in all the major cities over the next 2 years (various factors depending, which is par for the course in China). Our primary focus for the this initial center will be for high comprehension and understanding by students in China. The program wouldn`t be very useful if students aren`t learning. We also intend on having in place personnel to assist the classes and improve learning conditions. In fact, Dr. Charlie Yang also intends to be broadcast from time to time, adding insights into US business experience and Chinese-US business opportunities, from a Chinese perspective. This should be a favorite of the students getting his perspectives, which are likely unparalleled in any Chinese University.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Investorman: I forgot to mention, the reason I brought up Distance Learning, is because that is a new section of our website I am coordinating with TSS and others to illustrate examples of where we are going.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 2: Hi Solon13, yes this is Denis Poon, why do you ask?
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 3: Hi TIN~berrygood. I`m not sure what the status of the various Koffman applications are. I`m not sure if the applications are being held, dependant on StreamingAsia`s situation. As you know, the original intent for the Koffman accounts were so US investors could accept Hong Kong shares and trade Hong Kong securities. With the possibility that StreamingAsia may have representation in the US first before in Hong Kong, the applications as a whole may be in a holding pattern.
If you can, please email me at Hrct@Hartcourt.com with your name, and I`ll inquire to Dr. Phan and Koffman for you. Thank you.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 4: Hi Jmap. Since Hartcourt personnel as spending increasing amounts of time in Hong Kong and China, VeritasIR was contracted to assist as a presence on the RagingBull. Unfortunately, time is becoming a rarer and rarer commodity, and time is not available for posting to RagingBull. VeritasIR is just a single facet of Hartcourt`s IR plan.
I understand many are more accustom to a knowledgeable interface working directly with Hartcourt`s business operations. Unfortunately, VeritasIR does not have that kind of knowledge base, but is intended to have a similar role as DDinvestor used to. Questions are intended to be collected and condensed, with responses disseminated from Hartcourt. Our apologies, if in these intial stages that the situation has been confusing. As you all know, Hartcourt`s business operations are not the simpliest to fully comprehend. I will assist in smoothing out the flow of information. We hope, after this initial phase, this will provide an easier path for investor questions and answers.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 5: Hi Onlyup. Jack Westfield continues to work with Hartcourt, but now on a contractual basis. As you know, Dr. Phan and Dr. Yang have many very promising opportunities (through various connections, etc) for Hartcourt in Greater China. A key element that has been missing is the level of funding that would fuel and accelerate our developments. Jack Westfield has been responsible for developing channels of funding and while the environment is tough now, Dr. Phan believes in reward for success. Under his contract, Jack Westfield will be rewarded handsomely for large sources of funding. Also, Dr. Phan is also working to developing funding channels through other parties as well. In this current environment, you don`t want to be dependant on just one path, but rather a whole team scouring the landscape. Now, if Dr. Phan had 200 Million to work with in China, Hartcourt would have quite a fireworks display.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 6: Hi 500_and_Long. StreamingAsia still fully intends to go to the Hong Kong GEM, but the additional 35% purchase by Hartcourt (net 85% Hartcourt ownership), makes a change of ownership. The SEHK (Stock Exchange of Hong Kong), has regulatory guidelines about companies that are subsidiaries (Percentage ownership that contitutes a subsidiary), and also change of ownership. Because of these items, adjusted wait periods are part of the guidelines. It is now possible (as addressed in Question 2), that StreamingAsia may have representation in the US before Hong Kong. While this is just a possibility, if such were to occur, a Hong Kong representation is still anticipated. As details become available for public dissemination, they will be released via press release or Hartcourt`s mailing list.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 7: Hi Mr_Bank_Roll. CFO Manu Ohri would know the exact details, since he handles Hartcourt`s financials and acquisition contracts. To my understanding, principles of StreamingAsia have already received payment for their sale of an additional 35% to Hartcourt. If there are any legal paperwork that was required, I don`t know when that completed.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 8: Yes, to my understanding Hartcourt has an ownership interest in TSS and is possibily seeking an increased ownership stake, due to the 85% ownership of StreamingAsia. On the surface it may seem confusing, but Yuanta Securities and the SEHK did not like that Hartcourt had interests in both StreamingAsia and TSS. To the non-technical, StreamingAsia and TSS appear to be directly competing. And while each are providers of streaming media technology, StreamingAsia is focused on corporate and entertainment industries; TSS is focused on TV, Radio and Distance Learning. TSS` clients in China include 5 major TV stations, over 15 radio stations, and 2 prominent Universities, in addition to all the special events they have handled for the Chinese government, particularly Beijing events (and the Hong Kong/Macao Handover). Hartcourt sees both as complementary, not competing, although to some degree, StreamingAsia`s principles had some resistance and desire for independance as well. The 85% ownership (and what the resulting plan entails) suits Hartcourt long term goals better.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 9: Unfortunately, I cannot discuss or clarify any questions about unannounced situations. As such information becomes available for public dissemination, it will be available via press release or the Hartcourt mailing list.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 10: Hi TIN~berrygood. While interest is high in China for FinancialTV, Hartcourt has directed funding to higher priority projects. The delay in delivery of the SinoBull Financial Channel, is not that critical, and our Distance Learning project is of higher priority. When SinoBull gets listed, I suspect funds generated then would enable the launch of the SinoBull Financial Channel.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 11: Hi 1Moodyblue. You probably submitted your question before I answered the others. See the responses to Questions 4, 5, and 6. I think that should cover most of your questions. Also, as for ChinaOnline, the US Partner we were deeply involved with in being the Internet infrastructure parter was PSINet HK. Unfortunately, they have had many financial troubles and are unable to go forward with that project. At this point, we would still need a large Internet infrastructure partner to bare most of the telecommunications expansion costs. And in this environment, such companies are holding on to their cash and waiting for China`s acceptance into the WTO. For now, the focus of Hartcourt are higher priority projects.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Gruß
hrctwomen
heute Nachmittag war Hrctweb im RB.
Hier die Antworten:
Question 1: Hi Investorman, actually I would have liked to have everything finished by now, but I expect most of the major phases will be done around the end of the month.
Obtaining access and approval for the online learning license (nationwide) is a huge accomplishment. Naturally, the Chinese government will be quite interested in observing our testbed center. With success, I suspect online learning centers could be established in all the major cities over the next 2 years (various factors depending, which is par for the course in China). Our primary focus for the this initial center will be for high comprehension and understanding by students in China. The program wouldn`t be very useful if students aren`t learning. We also intend on having in place personnel to assist the classes and improve learning conditions. In fact, Dr. Charlie Yang also intends to be broadcast from time to time, adding insights into US business experience and Chinese-US business opportunities, from a Chinese perspective. This should be a favorite of the students getting his perspectives, which are likely unparalleled in any Chinese University.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Investorman: I forgot to mention, the reason I brought up Distance Learning, is because that is a new section of our website I am coordinating with TSS and others to illustrate examples of where we are going.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 2: Hi Solon13, yes this is Denis Poon, why do you ask?
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 3: Hi TIN~berrygood. I`m not sure what the status of the various Koffman applications are. I`m not sure if the applications are being held, dependant on StreamingAsia`s situation. As you know, the original intent for the Koffman accounts were so US investors could accept Hong Kong shares and trade Hong Kong securities. With the possibility that StreamingAsia may have representation in the US first before in Hong Kong, the applications as a whole may be in a holding pattern.
If you can, please email me at Hrct@Hartcourt.com with your name, and I`ll inquire to Dr. Phan and Koffman for you. Thank you.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 4: Hi Jmap. Since Hartcourt personnel as spending increasing amounts of time in Hong Kong and China, VeritasIR was contracted to assist as a presence on the RagingBull. Unfortunately, time is becoming a rarer and rarer commodity, and time is not available for posting to RagingBull. VeritasIR is just a single facet of Hartcourt`s IR plan.
I understand many are more accustom to a knowledgeable interface working directly with Hartcourt`s business operations. Unfortunately, VeritasIR does not have that kind of knowledge base, but is intended to have a similar role as DDinvestor used to. Questions are intended to be collected and condensed, with responses disseminated from Hartcourt. Our apologies, if in these intial stages that the situation has been confusing. As you all know, Hartcourt`s business operations are not the simpliest to fully comprehend. I will assist in smoothing out the flow of information. We hope, after this initial phase, this will provide an easier path for investor questions and answers.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 5: Hi Onlyup. Jack Westfield continues to work with Hartcourt, but now on a contractual basis. As you know, Dr. Phan and Dr. Yang have many very promising opportunities (through various connections, etc) for Hartcourt in Greater China. A key element that has been missing is the level of funding that would fuel and accelerate our developments. Jack Westfield has been responsible for developing channels of funding and while the environment is tough now, Dr. Phan believes in reward for success. Under his contract, Jack Westfield will be rewarded handsomely for large sources of funding. Also, Dr. Phan is also working to developing funding channels through other parties as well. In this current environment, you don`t want to be dependant on just one path, but rather a whole team scouring the landscape. Now, if Dr. Phan had 200 Million to work with in China, Hartcourt would have quite a fireworks display.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 6: Hi 500_and_Long. StreamingAsia still fully intends to go to the Hong Kong GEM, but the additional 35% purchase by Hartcourt (net 85% Hartcourt ownership), makes a change of ownership. The SEHK (Stock Exchange of Hong Kong), has regulatory guidelines about companies that are subsidiaries (Percentage ownership that contitutes a subsidiary), and also change of ownership. Because of these items, adjusted wait periods are part of the guidelines. It is now possible (as addressed in Question 2), that StreamingAsia may have representation in the US before Hong Kong. While this is just a possibility, if such were to occur, a Hong Kong representation is still anticipated. As details become available for public dissemination, they will be released via press release or Hartcourt`s mailing list.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 7: Hi Mr_Bank_Roll. CFO Manu Ohri would know the exact details, since he handles Hartcourt`s financials and acquisition contracts. To my understanding, principles of StreamingAsia have already received payment for their sale of an additional 35% to Hartcourt. If there are any legal paperwork that was required, I don`t know when that completed.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 8: Yes, to my understanding Hartcourt has an ownership interest in TSS and is possibily seeking an increased ownership stake, due to the 85% ownership of StreamingAsia. On the surface it may seem confusing, but Yuanta Securities and the SEHK did not like that Hartcourt had interests in both StreamingAsia and TSS. To the non-technical, StreamingAsia and TSS appear to be directly competing. And while each are providers of streaming media technology, StreamingAsia is focused on corporate and entertainment industries; TSS is focused on TV, Radio and Distance Learning. TSS` clients in China include 5 major TV stations, over 15 radio stations, and 2 prominent Universities, in addition to all the special events they have handled for the Chinese government, particularly Beijing events (and the Hong Kong/Macao Handover). Hartcourt sees both as complementary, not competing, although to some degree, StreamingAsia`s principles had some resistance and desire for independance as well. The 85% ownership (and what the resulting plan entails) suits Hartcourt long term goals better.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 9: Unfortunately, I cannot discuss or clarify any questions about unannounced situations. As such information becomes available for public dissemination, it will be available via press release or the Hartcourt mailing list.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 10: Hi TIN~berrygood. While interest is high in China for FinancialTV, Hartcourt has directed funding to higher priority projects. The delay in delivery of the SinoBull Financial Channel, is not that critical, and our Distance Learning project is of higher priority. When SinoBull gets listed, I suspect funds generated then would enable the launch of the SinoBull Financial Channel.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 11: Hi 1Moodyblue. You probably submitted your question before I answered the others. See the responses to Questions 4, 5, and 6. I think that should cover most of your questions. Also, as for ChinaOnline, the US Partner we were deeply involved with in being the Internet infrastructure parter was PSINet HK. Unfortunately, they have had many financial troubles and are unable to go forward with that project. At this point, we would still need a large Internet infrastructure partner to bare most of the telecommunications expansion costs. And in this environment, such companies are holding on to their cash and waiting for China`s acceptance into the WTO. For now, the focus of Hartcourt are higher priority projects.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Gruß
hrctwomen
!
Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an feedback@wallstreet-online.deWird noch ein lustiges Jahr 2001, hahaha!!!
Gruss an alle longs!
Pitcan
The Economist Article: WTO
Monday, June 11, 2001
WTO
Mainland, US put economy first
Mutual economic interests prevailed in the WTO accord between Washington and Beijing
AGENCE FRANCE-PRESSE
The China-United States agreement on Beijing`s entry to the World Trade Organisation signals both are eager to get economic relations back on track, even as they disagree on other fronts, according to analysts.
It is also seen as revealing Beijing`s eagerness to join the trade body quickly because of a slowing economy and fears that any more disputes with the new Bush administration in Washington might jeopardise its 15-year campaign to enter the WTO.
The two countries announced at the weekend they had reached an agreement on the final issues in China`s WTO negotiations, which mainly involve the level of subsidies for China`s agriculture sector.
China had wanted to be considered a developing country, which would entitle it to agricultural subsidies of up to 10 per cent, but the US and others had baulked at this.
Details of the deal were not released, but it resurrects hopes China can join the WTO this year.
Analysts said both sides had realised they had too much at stake if they allowed recent spats on the military and strategic fronts to affect achievements they had made over the years on the economic front.
"The support base of the Republican Party is big business . . . [President George W.] Bush cannot ignore the fact that big business in the US wants to enter China," Lau Siu-kai, a political analyst at the Chinese University of Hong Kong said.
Despite a string of provocative actions towards China, Mr Bush`s China policy appeared to be two-fold, Mr Lau said.
"On the military side, it`s a containment policy to apply external pressure on China to force China to make more concessions on political reform and human rights," he said.
"On the economic front, it wants to continue to have economic engagement with China so as to exploit the expanding Chinese market . . . and at the same time maintain the support of the American business community for the Republican Party."
Since taking office, Mr Bush has angered China by selling a package of advanced weapons to Taiwan, allowing Taiwanese President Chen Shui-bian a high-profile visit to the US, declaring intentions to develop a missile defence shield and receiving the Tibetan spiritual leader the Dalai Lama in the White House.
But in the economic arena, Mr Bush seems quite willing to work with China.
On Friday, he asked Congress to renew China`s low-tariff trade privileges with the US.
"Fair trade is essential not only to improving living standards for Americans but also for a strong and productive relationship with China," Mr Bush said.
From China`s perspective, entering the WTO has become a more urgent matter and analysts said it was likely that Beijing made more compromises than the US in the deal.
"They don`t know what will be the mood of Congress next year," said Jean-Pierre Cabestan, director of the Hong Kong-based French Centre for Research on Contemporary China.
He said the collision between a US spy plane and a Chinese fighter and the dispute following it had shown both sides the dangers such incidents could have for bilateral relations.
China is also eager to attract foreign investment with WTO entry, as it faces a slowdown in investment and economic growth.
In a recent speech to a Beijing university, Premier Zhu Rongji acknowledged that Beijing needed a friendly relationship with the US, saying China needed American investment and technology.
Monday, June 11, 2001
WTO
Mainland, US put economy first
Mutual economic interests prevailed in the WTO accord between Washington and Beijing
AGENCE FRANCE-PRESSE
The China-United States agreement on Beijing`s entry to the World Trade Organisation signals both are eager to get economic relations back on track, even as they disagree on other fronts, according to analysts.
It is also seen as revealing Beijing`s eagerness to join the trade body quickly because of a slowing economy and fears that any more disputes with the new Bush administration in Washington might jeopardise its 15-year campaign to enter the WTO.
The two countries announced at the weekend they had reached an agreement on the final issues in China`s WTO negotiations, which mainly involve the level of subsidies for China`s agriculture sector.
China had wanted to be considered a developing country, which would entitle it to agricultural subsidies of up to 10 per cent, but the US and others had baulked at this.
Details of the deal were not released, but it resurrects hopes China can join the WTO this year.
Analysts said both sides had realised they had too much at stake if they allowed recent spats on the military and strategic fronts to affect achievements they had made over the years on the economic front.
"The support base of the Republican Party is big business . . . [President George W.] Bush cannot ignore the fact that big business in the US wants to enter China," Lau Siu-kai, a political analyst at the Chinese University of Hong Kong said.
Despite a string of provocative actions towards China, Mr Bush`s China policy appeared to be two-fold, Mr Lau said.
"On the military side, it`s a containment policy to apply external pressure on China to force China to make more concessions on political reform and human rights," he said.
"On the economic front, it wants to continue to have economic engagement with China so as to exploit the expanding Chinese market . . . and at the same time maintain the support of the American business community for the Republican Party."
Since taking office, Mr Bush has angered China by selling a package of advanced weapons to Taiwan, allowing Taiwanese President Chen Shui-bian a high-profile visit to the US, declaring intentions to develop a missile defence shield and receiving the Tibetan spiritual leader the Dalai Lama in the White House.
But in the economic arena, Mr Bush seems quite willing to work with China.
On Friday, he asked Congress to renew China`s low-tariff trade privileges with the US.
"Fair trade is essential not only to improving living standards for Americans but also for a strong and productive relationship with China," Mr Bush said.
From China`s perspective, entering the WTO has become a more urgent matter and analysts said it was likely that Beijing made more compromises than the US in the deal.
"They don`t know what will be the mood of Congress next year," said Jean-Pierre Cabestan, director of the Hong Kong-based French Centre for Research on Contemporary China.
He said the collision between a US spy plane and a Chinese fighter and the dispute following it had shown both sides the dangers such incidents could have for bilateral relations.
China is also eager to attract foreign investment with WTO entry, as it faces a slowdown in investment and economic growth.
In a recent speech to a Beijing university, Premier Zhu Rongji acknowledged that Beijing needed a friendly relationship with the US, saying China needed American investment and technology.
Sunday June 10, 9:32 pm Eastern Time
HK stocks seen rangebound, focus on China techs
HONG KONG, June 11 (Reuters) - Hong Kong blue chips were expected to remain in a tight trading range on Monday, but shares of Chinese companies traded in the territory could get a boost from fresh hopes that China will enter the World Trade Organisation soon.
``Red chips could go higher because of the WTO news, and even though this may have already been factored in, sentiment towards them is still bullish,`` said Alex Wong, research manager at OSK Asia Securities.
The United States and China said on Saturday that they had reached consensus on issues holding up Beijing`s entry to the WTO and would work towards bringing China into the global trade body by year-end.
The Hang Seng Index of 33 blue chips gained 5.08 percent last week to end at 13,808.89 on Friday, but remains down 8.52 percent in 2001 so far, one of the worst performing benchmark indices in Asia.
Wall Street losses on Friday could drag Hong Kong shares lower at the open. The U.S. technology-heavy Nasdaq composite index (^IXIC - news) and the blue chip Dow Jones industrial average (^DJI - news) were down 2.16 percent and 1.03 percent, respectively, as jitters over sagging corporate profits resurfaced.
Shares of Legend Holdings , a key Hang Seng Index component and China`s biggest personal computer maker, could receive a boost from speculation of an Internet joint venture in China with U.S. media giant AOL Time Warner Inc (NYSE:AOL - news).
Legend will hold a news conference later on Monday, but officials have declined to disclose the nature of the announcement.
The stock has risen 15 percent so far this year, the third best performing HSI component, and is trading at a large price/earnings premium to its global sector peers like Dell (NasdaqNMELL - news) and Taiwan`s Acer , possibly limiting its upside potential.
Analysts said they expect lagging red chip shares of mainland-backed companies incorporated and listed in Hong Kong to outperform H-shares of Chinese companies traded in the territory on hopes of further deregulation of China`s securities markets.
The chief adviser to China`s securities regulator said last week that Beijing is mulling a plan to allow foreign firms to list depositary receipts in China, possibly paving the way for a wave of listings by foreign companies, including red chips on China`s buoyant stock markets.
The plan would, however, have to overcome significant regulatory hurdles to be implemented successfully, and analysts worry that retail investors may use Neoh`s statement to add to the liquidity-led rally on China shares of recent weeks.
The red chip index (^HSCC - news) has gained 27 percent so far this year, underperforming the H-share index`s 53 percent surge.
Shares of Hong Kong cable television operator i-Cable Communications could receive a boost from news that it is in confidential talks with Chinese Internet portal NetEase (NasdaqNM:NTES - news) and some of its shareholders.
I-Cable said that it has not reached a final agreement for such an acquisition and added that one may or may not materialise.
Analysts said that the deal could be beneficial to i-Cable in the long term as it would give it access to a large and rapidly expanding market. But investors may be wary about jumping into the stock before financial details are announced.
HK stocks seen rangebound, focus on China techs
HONG KONG, June 11 (Reuters) - Hong Kong blue chips were expected to remain in a tight trading range on Monday, but shares of Chinese companies traded in the territory could get a boost from fresh hopes that China will enter the World Trade Organisation soon.
``Red chips could go higher because of the WTO news, and even though this may have already been factored in, sentiment towards them is still bullish,`` said Alex Wong, research manager at OSK Asia Securities.
The United States and China said on Saturday that they had reached consensus on issues holding up Beijing`s entry to the WTO and would work towards bringing China into the global trade body by year-end.
The Hang Seng Index of 33 blue chips gained 5.08 percent last week to end at 13,808.89 on Friday, but remains down 8.52 percent in 2001 so far, one of the worst performing benchmark indices in Asia.
Wall Street losses on Friday could drag Hong Kong shares lower at the open. The U.S. technology-heavy Nasdaq composite index (^IXIC - news) and the blue chip Dow Jones industrial average (^DJI - news) were down 2.16 percent and 1.03 percent, respectively, as jitters over sagging corporate profits resurfaced.
Shares of Legend Holdings , a key Hang Seng Index component and China`s biggest personal computer maker, could receive a boost from speculation of an Internet joint venture in China with U.S. media giant AOL Time Warner Inc (NYSE:AOL - news).
Legend will hold a news conference later on Monday, but officials have declined to disclose the nature of the announcement.
The stock has risen 15 percent so far this year, the third best performing HSI component, and is trading at a large price/earnings premium to its global sector peers like Dell (NasdaqNMELL - news) and Taiwan`s Acer , possibly limiting its upside potential.
Analysts said they expect lagging red chip shares of mainland-backed companies incorporated and listed in Hong Kong to outperform H-shares of Chinese companies traded in the territory on hopes of further deregulation of China`s securities markets.
The chief adviser to China`s securities regulator said last week that Beijing is mulling a plan to allow foreign firms to list depositary receipts in China, possibly paving the way for a wave of listings by foreign companies, including red chips on China`s buoyant stock markets.
The plan would, however, have to overcome significant regulatory hurdles to be implemented successfully, and analysts worry that retail investors may use Neoh`s statement to add to the liquidity-led rally on China shares of recent weeks.
The red chip index (^HSCC - news) has gained 27 percent so far this year, underperforming the H-share index`s 53 percent surge.
Shares of Hong Kong cable television operator i-Cable Communications could receive a boost from news that it is in confidential talks with Chinese Internet portal NetEase (NasdaqNM:NTES - news) and some of its shareholders.
I-Cable said that it has not reached a final agreement for such an acquisition and added that one may or may not materialise.
Analysts said that the deal could be beneficial to i-Cable in the long term as it would give it access to a large and rapidly expanding market. But investors may be wary about jumping into the stock before financial details are announced.
Sunday June 10, 11:27 pm Eastern Time
AOL, Legend hope to thrive where China firms struggle
HONG KONG, June 11 (Reuters) - AOL Time Warner (NYSE:AOL - news) chief executive Gerald Levin, set to announce an expected US$200 million Internet joint venture with top China PC maker Legend Holdings , hopes to succeed where Chinese firms have struggled.
ADVERTISEMENT
The pending deal, to be announced by Levin and other executives of both firms later on Monday afternoon in Beijing, is expected to be structured to navigate Beijing`s ban on foreign ownership of content providers.
The tie-up is also expected to try to leverage Legend`s dominance of the mainland`s fast-growing consumer PC market with the experience of AOL`s success in the United States. It is also seen accelerating consolidation in China`s crowded and money-losing Internet sector.
But industry watchers said it may be years before the AOL/Legend venture generates any significant return.
``I`m actually a bit sceptical, because in the U.S. AOL had a long, eight-10 year lead,`` said one analyst.
A phalanx of portal firms, the top three of which are Nasdaq listed, have thus far captured the eyeballs but not the wallets of China`s Internet users.
Still, the tie-up will give AOL a significant head-start in China ahead of foreign rivals such as Yahoo Inc (NasdaqNM:YHOO - news) and Terra Lycos .
``Clearly, China`s Internet market is going to be big eventually,`` one analyst said. ``Whoever moves in first necessarily has an advantage.``
The benefits for Legend, which has a 40 percent share of China`s consumer market and already bundles online access capability onto some PCs via its www.fm365.com site, are less clear, analysts said.
``The only thing attractive for Legend is to ensure that a world class player such as AOL does not partner with any other ISP (Internet service provider) in China,`` Kim Eng Securities wrote in a recent research note.
Added Nomura International computer analyst Theodore Teo, speaking of Legend: ``I`ll be happy if there`s any, but I don`t think there`s any impact on the top or bottom line at the end of the day.``
What seems more certain is that the tie-up will accelerate the already-percolating consolidation of China`s fast growing but unprofitable Internet sector, where online advertising revenue is expected to total just US$80 million this year, according to Merrill Lynch.
Hong Kong`s i-Cable Communications said on Monday that it was holding acquisition talks with top-three China portals NetEase.com Inc (NasdaqNM:NTES - news). Rival Sina.com (NasdaqNM:SINA - news), and meanwhile, has held recent partnership talks with Internet conglomerate chinadotcom corp (NasdaqNM:CHINA - news).
Analysts have said the AOL/Legend venture will exert added pressure on the country`s top Internet portals -- Sina, NetEase and Sohu.com (NasdaqNM:SOHU - news) -- to find buyers.
AOL, Legend hope to thrive where China firms struggle
HONG KONG, June 11 (Reuters) - AOL Time Warner (NYSE:AOL - news) chief executive Gerald Levin, set to announce an expected US$200 million Internet joint venture with top China PC maker Legend Holdings , hopes to succeed where Chinese firms have struggled.
ADVERTISEMENT
The pending deal, to be announced by Levin and other executives of both firms later on Monday afternoon in Beijing, is expected to be structured to navigate Beijing`s ban on foreign ownership of content providers.
The tie-up is also expected to try to leverage Legend`s dominance of the mainland`s fast-growing consumer PC market with the experience of AOL`s success in the United States. It is also seen accelerating consolidation in China`s crowded and money-losing Internet sector.
But industry watchers said it may be years before the AOL/Legend venture generates any significant return.
``I`m actually a bit sceptical, because in the U.S. AOL had a long, eight-10 year lead,`` said one analyst.
A phalanx of portal firms, the top three of which are Nasdaq listed, have thus far captured the eyeballs but not the wallets of China`s Internet users.
Still, the tie-up will give AOL a significant head-start in China ahead of foreign rivals such as Yahoo Inc (NasdaqNM:YHOO - news) and Terra Lycos .
``Clearly, China`s Internet market is going to be big eventually,`` one analyst said. ``Whoever moves in first necessarily has an advantage.``
The benefits for Legend, which has a 40 percent share of China`s consumer market and already bundles online access capability onto some PCs via its www.fm365.com site, are less clear, analysts said.
``The only thing attractive for Legend is to ensure that a world class player such as AOL does not partner with any other ISP (Internet service provider) in China,`` Kim Eng Securities wrote in a recent research note.
Added Nomura International computer analyst Theodore Teo, speaking of Legend: ``I`ll be happy if there`s any, but I don`t think there`s any impact on the top or bottom line at the end of the day.``
What seems more certain is that the tie-up will accelerate the already-percolating consolidation of China`s fast growing but unprofitable Internet sector, where online advertising revenue is expected to total just US$80 million this year, according to Merrill Lynch.
Hong Kong`s i-Cable Communications said on Monday that it was holding acquisition talks with top-three China portals NetEase.com Inc (NasdaqNM:NTES - news). Rival Sina.com (NasdaqNM:SINA - news), and meanwhile, has held recent partnership talks with Internet conglomerate chinadotcom corp (NasdaqNM:CHINA - news).
Analysts have said the AOL/Legend venture will exert added pressure on the country`s top Internet portals -- Sina, NetEase and Sohu.com (NasdaqNM:SOHU - news) -- to find buyers.
Monday June 11, 3:28 am Eastern Time
AOL, Legend establish $200 mln Internet firm
(UPDATE: Updates with Legend chairman quote)
BEIJING, June 11 (Reuters) - AOL Time Warner (NYSE:AOL - news) and China`s top computer maker, Legend Holdings , said on Monday they had set up a $200 million joint venture to supply interactive Internet services to the Chinese market.
Legend would hold 51 percent in the venture, while AOL would hold the remaining 49 percent stake, the companies said in a statement.
Each firm would invest $100 million in the new company, it said.
The statement, issued shortly before officials of the two companies were due to hold a news conference, gave no details, but said the new firm would develop consumer interactive services.
``I am very pleased to see Legend joining forces with AOL, the world`s leading interactive services provider, to promote the development of Internet applications in China,`` Legend chairman Liu Chuanzhi said in the statement.
``I believe this cooperation is a strategic move which will have a profound impact on the China Internet industry,`` he said.
AOL, Legend establish $200 mln Internet firm
(UPDATE: Updates with Legend chairman quote)
BEIJING, June 11 (Reuters) - AOL Time Warner (NYSE:AOL - news) and China`s top computer maker, Legend Holdings , said on Monday they had set up a $200 million joint venture to supply interactive Internet services to the Chinese market.
Legend would hold 51 percent in the venture, while AOL would hold the remaining 49 percent stake, the companies said in a statement.
Each firm would invest $100 million in the new company, it said.
The statement, issued shortly before officials of the two companies were due to hold a news conference, gave no details, but said the new firm would develop consumer interactive services.
``I am very pleased to see Legend joining forces with AOL, the world`s leading interactive services provider, to promote the development of Internet applications in China,`` Legend chairman Liu Chuanzhi said in the statement.
``I believe this cooperation is a strategic move which will have a profound impact on the China Internet industry,`` he said.
hallo panik,
kannst Du bitte dies alles nochmal zum verständnis im zusammenhang mit hartcourt erläutern ?
vielen dank gruss fussnote
kannst Du bitte dies alles nochmal zum verständnis im zusammenhang mit hartcourt erläutern ?
vielen dank gruss fussnote
Hallo
Wie gehts euch denn so?
MfG Sstocktrader... .
Wie gehts euch denn so?
MfG Sstocktrader... .
hey sstocki :
auch noch an board ????
danke der nachfrage ....... gut !!!
obwohl ich jetzt eigentlich genug gewartet hätte (auf sa ipo und andere BIG NEWS ) !!
hoffe bei dir ist auch alles in butter !?
gruss
gurki
auch noch an board ????
danke der nachfrage ....... gut !!!
obwohl ich jetzt eigentlich genug gewartet hätte (auf sa ipo und andere BIG NEWS ) !!
hoffe bei dir ist auch alles in butter !?
gruss
gurki
Hi Sstocktrader
Auch nette Grüße von meiner Seite. Es geht mir immer noch gut, selbst bei diesem Kurs. Mal schauen, was sich dieses Jahr noch tut, habe Zeit (und jetzt für die Basher hier und Geld
see ya
Pitcan
Auch nette Grüße von meiner Seite. Es geht mir immer noch gut, selbst bei diesem Kurs. Mal schauen, was sich dieses Jahr noch tut, habe Zeit (und jetzt für die Basher hier und Geld
see ya
Pitcan
Hi,
NEWS! NEWS! NEWS!
(InternetWire) Sinobull And Equis, A Reuters Company, Form Development And Mar
Sinobull And Equis, A Reuters Company, Form Development And Marketing
Alliance For Greater China
Strategic Partnership Will Offer The Award Winning Metastock Software
Localized And Marketed To Chinese InvestorsEquis Obtains Option To
Convert Payments Into Equity Ownership Of Sinobull Financial
Group
LOS ANGELES, CA -- (INTERNET WIRE) -- 06/12/01 -- The Hartcourt
Companies, Inc. (OTC: HRCT, Frankfurt: HCT), www.hartcourt.com, today
announced that Sinobull Financial Group, a Hartcourt company, and
Equis International, a wholly owned subsidiary of Reuters Group
(NASDAQ: RTRSY), have signed an agreement to form a strategic
partnership alliance. This alliance will jointly develop and
implement a plan to localize Equis` award winning MetaStock family of
products and market them to investors in Greater China (China, Hong
Kong, Macau and Taiwan). this alliance, Equis International grants Sinobull
Group conditional territorial exclusivity for the well-known
MetaStock products to be marketed within Greater China. Sinobull and
Equis will also jointly develop localized software products for
Chinese investors. A mutually agreed upon royalty fee will be paid by
Equis to Sinobull for any products developed through this alliance.
Equis International has also obtained the option right to convert funds
received from the sale of products into common shares or private
placement equity ownership of Sinobull Financial Group. The two
parties have planned to expand this alliance into additional future
commercial and licensing contracts to optimize the marketing network
and the technical capability of Sinobull Group in Greater China.
Dr. Charlie Q. Yang, CEO of Hartcourt, said, "Our Sinobull subsidiaries
have long been associated with Reuters in China and both are offering
stock information services to leading media newspapers in China. This
new alliance will give us another opportunity to work closely with
Equis, a Reuters subsidiary, to develop a revenue-driven strategic
partnership. MetaStock software products are very popular in America
and Europe. If we could duplicate its success in Greater China, we
shall have a real big winner. Our team is ready to start on the
development and implementation of this agreement."
About The Sinobull Financial Group
Sinobull Financial Group is a financial data provider and technology
developer and the owner of the popular financial portal,
Sinobull.com. Together with all subsidiaries and affiliates of
Sinobull Financial Group, Hartcourt and its strategic partners are
providing news, data and analysis to the business community and media
outlets; real-time pricing, historical pricing, indicative data,
analytics and electronic communications. Existing and potential
clients include; China`s investment institutions, commercial banks,
government offices and agencies, corporations, and news/media
organizations.
About Hartcourt
The Hartcourt Companies is a holding and development enterprise that
has built a broad network of Internet, media, and telecommunication
companies in Greater China. In partnership with leading Chinese
entrepreneurs and government- sponsored entities, Hartcourt is
developing and investing in emerging technologies while building an
integrated commercial framework for its subsidiaries and their
partners. Hartcourt`s operative business strategy is designed to
facilitate a series of venture spin-offs via IPO or public merger to
fully realize the value of these assets for its investors.
Certain statements in this news release 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 achievement expressed or implied by
such forward looking statements to differ materially from the forward
looking statements.
Contact: Grace Li, The Hartcourt Companies
Phone: 310-410-7290
Email: gli@hartcourt.com
*** end of story ***
Gruß
hrctwoman
NEWS! NEWS! NEWS!
(InternetWire) Sinobull And Equis, A Reuters Company, Form Development And Mar
Sinobull And Equis, A Reuters Company, Form Development And Marketing
Alliance For Greater China
Strategic Partnership Will Offer The Award Winning Metastock Software
Localized And Marketed To Chinese InvestorsEquis Obtains Option To
Convert Payments Into Equity Ownership Of Sinobull Financial
Group
LOS ANGELES, CA -- (INTERNET WIRE) -- 06/12/01 -- The Hartcourt
Companies, Inc. (OTC: HRCT, Frankfurt: HCT), www.hartcourt.com, today
announced that Sinobull Financial Group, a Hartcourt company, and
Equis International, a wholly owned subsidiary of Reuters Group
(NASDAQ: RTRSY), have signed an agreement to form a strategic
partnership alliance. This alliance will jointly develop and
implement a plan to localize Equis` award winning MetaStock family of
products and market them to investors in Greater China (China, Hong
Kong, Macau and Taiwan). this alliance, Equis International grants Sinobull
Group conditional territorial exclusivity for the well-known
MetaStock products to be marketed within Greater China. Sinobull and
Equis will also jointly develop localized software products for
Chinese investors. A mutually agreed upon royalty fee will be paid by
Equis to Sinobull for any products developed through this alliance.
Equis International has also obtained the option right to convert funds
received from the sale of products into common shares or private
placement equity ownership of Sinobull Financial Group. The two
parties have planned to expand this alliance into additional future
commercial and licensing contracts to optimize the marketing network
and the technical capability of Sinobull Group in Greater China.
Dr. Charlie Q. Yang, CEO of Hartcourt, said, "Our Sinobull subsidiaries
have long been associated with Reuters in China and both are offering
stock information services to leading media newspapers in China. This
new alliance will give us another opportunity to work closely with
Equis, a Reuters subsidiary, to develop a revenue-driven strategic
partnership. MetaStock software products are very popular in America
and Europe. If we could duplicate its success in Greater China, we
shall have a real big winner. Our team is ready to start on the
development and implementation of this agreement."
About The Sinobull Financial Group
Sinobull Financial Group is a financial data provider and technology
developer and the owner of the popular financial portal,
Sinobull.com. Together with all subsidiaries and affiliates of
Sinobull Financial Group, Hartcourt and its strategic partners are
providing news, data and analysis to the business community and media
outlets; real-time pricing, historical pricing, indicative data,
analytics and electronic communications. Existing and potential
clients include; China`s investment institutions, commercial banks,
government offices and agencies, corporations, and news/media
organizations.
About Hartcourt
The Hartcourt Companies is a holding and development enterprise that
has built a broad network of Internet, media, and telecommunication
companies in Greater China. In partnership with leading Chinese
entrepreneurs and government- sponsored entities, Hartcourt is
developing and investing in emerging technologies while building an
integrated commercial framework for its subsidiaries and their
partners. Hartcourt`s operative business strategy is designed to
facilitate a series of venture spin-offs via IPO or public merger to
fully realize the value of these assets for its investors.
Certain statements in this news release 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 achievement expressed or implied by
such forward looking statements to differ materially from the forward
looking statements.
Contact: Grace Li, The Hartcourt Companies
Phone: 310-410-7290
Email: gli@hartcourt.com
*** end of story ***
Gruß
hrctwoman
In prinzip heisst das, Reuters und Hartcourt (Sinobull)
arbeiten zusammen in China. Das ist das beste was Sinobull passieren konnte. 1. ein Mitbewerber ist weg
2. Technology, Wissen und Name ist austauschbar
TOLLLLLLLLL
Wir werden sicher höhere Kurse in Amiland sehen heute
Dies ist sehr vielversprechend
arbeiten zusammen in China. Das ist das beste was Sinobull passieren konnte. 1. ein Mitbewerber ist weg
2. Technology, Wissen und Name ist austauschbar
TOLLLLLLLLL
Wir werden sicher höhere Kurse in Amiland sehen heute
Dies ist sehr vielversprechend
@georgina
was denkst du?
Mann hört nichts mehr von dir.
was denkst du?
Mann hört nichts mehr von dir.
Post für Franz & panik
@all
Ich melde mich mal wieder zu Wort.
Mit der Entwicklung von HRCT in den letzten Wochen bin ich sehr zufrieden. Was jedoch den Kurs angeht, da kann ich nur den Kopf schütteln. Bisher weiß das ganze keiner zu schätzen, was Hartcourt in China alles aufgebaut hat.
Bei einem erfolgreichen IPO wird sich das ändern. Dann werden viele dem Kurs hinterherlaufen. Daher bin ich froh, schon jetzt investiert zu sein.
Ich habe bei Bloomberg was entdeckt. Dazu stelle ich den Link rein. Allerdings kann ich damit noch nicht allzuviel anfangen. Worum es genau geht werde ich aber herausfinden. Ich würde mich auch freuen, wenn jemand schneller ist.
http://bloomberg.tveyes.com/scripts/searchfromquote.asp?Tick… >>
long and strong
Ich melde mich mal wieder zu Wort.
Mit der Entwicklung von HRCT in den letzten Wochen bin ich sehr zufrieden. Was jedoch den Kurs angeht, da kann ich nur den Kopf schütteln. Bisher weiß das ganze keiner zu schätzen, was Hartcourt in China alles aufgebaut hat.
Bei einem erfolgreichen IPO wird sich das ändern. Dann werden viele dem Kurs hinterherlaufen. Daher bin ich froh, schon jetzt investiert zu sein.
Ich habe bei Bloomberg was entdeckt. Dazu stelle ich den Link rein. Allerdings kann ich damit noch nicht allzuviel anfangen. Worum es genau geht werde ich aber herausfinden. Ich würde mich auch freuen, wenn jemand schneller ist.
http://bloomberg.tveyes.com/scripts/searchfromquote.asp?Tick… >>
long and strong
Hallo frank2222 !
Hierbei handelt es sich um Harcourt General Inc. (H), bei diesen Bericht kam es zu einen Schreibfehler, hat also mit unserer HRCT nichts zu tun.
mfG
Brasil
Hierbei handelt es sich um Harcourt General Inc. (H), bei diesen Bericht kam es zu einen Schreibfehler, hat also mit unserer HRCT nichts zu tun.
mfG
Brasil
@ Brasil
Vielen Dank für die Korrektur.
Ich habe auch sonst nichts darüber gefunden. Da sieht man aber, wie schnell Mißverständnisse auftreten können.
Was meinst du wie es in den nächsten Tagen oder Wochen weitergehen wird? Es stehen ja noch einige News aus.
long and strong
Vielen Dank für die Korrektur.
Ich habe auch sonst nichts darüber gefunden. Da sieht man aber, wie schnell Mißverständnisse auftreten können.
Was meinst du wie es in den nächsten Tagen oder Wochen weitergehen wird? Es stehen ja noch einige News aus.
long and strong
Hallo Frank 2222 !
Ich denke mal das es bald mal wieder zu einen starken Sprung nach oben kommen muss.
HRCT ist aktuell besonders stark unterbewertet und dies wird mit der Zeit auch erkannt, nicht umsonst gibt es schon seit Wochen mehr käufer als verkäufer.
Charttechnisch sieht es auch besonders gut aus.
Spätestens nach den 2 Quartalszahlen wird es mit der bekanntgabe der Zahlen um einiges raufgehen.
Unter 30 Dollar gebe ich kein Stück her, mittel bis langfristig sind dreistellige Kurs auch drinnen, selbst wenn man dies heute nicht glauben mag.
Bis dann
Brasil
Ich denke mal das es bald mal wieder zu einen starken Sprung nach oben kommen muss.
HRCT ist aktuell besonders stark unterbewertet und dies wird mit der Zeit auch erkannt, nicht umsonst gibt es schon seit Wochen mehr käufer als verkäufer.
Charttechnisch sieht es auch besonders gut aus.
Spätestens nach den 2 Quartalszahlen wird es mit der bekanntgabe der Zahlen um einiges raufgehen.
Unter 30 Dollar gebe ich kein Stück her, mittel bis langfristig sind dreistellige Kurs auch drinnen, selbst wenn man dies heute nicht glauben mag.
Bis dann
Brasil
US-China Business Council Lauds China WTO Breakthrough
WASHINGTON, June 14 /PRNewswire/ -- The United States-China Business Council today called the recent agreement between US and Chinese negotiators on outstanding problems blocking China`s full membership in the World Trade Organization ``a critical advance toward the achievement of final global agreement`` on terms of China`s entrance into the international trade body, whose rules govern much of the world`s trade in goods and services.
Working through the night of September 6-7, US Trade Representative Robert Zoellick and Chinese Trade Minister Shi Guangsheng reached ``consensus`` on a series of unresolved questions that had prevented the US from signalling its final support at WTO headquarters in Geneva for China`s full membership. The US and China had signed a massive bilateral WTO accession pact in November, 1999, but further negotiations were needed to wrap up loose ends and spell out in detail some of the general commitments China had made in the earlier talks.
In their Shanghai negotiations last week, the two sides reached agreement on five major questions, one relating to permissible domestic subsidies for China`s agriculture sector when it enters the WTO, two pertaining to the insurance sector, one involving definitions of ``chain stores`` for purposes of defining foreign investing rights in the retail sector, and one clarifying key definitions of so-called ``trading rights,`` determining who in China will be legally permitted to conduct importing and exporting activities.
After the talks ended successfully, comments by Zoellick strongly suggested that the US would support China`s progress toward membership when the 50-nation WTO ``Working Group`` on China reconvenes in Geneva in late June.
``The US and China have clearly managed to leap the biggest visible hurdle remaining in the path to Chinese WTO membership,`` stated Robert Kapp, president of the US-China Business Council. ``It had been clear for several months that the multilateral Geneva process could not be reanimated unless these outstanding US-China bilateral issues were cleared up. In the interim, the tremor in US-China relations occasioned by the EP-3 reconnaissance airplane incident and a rapid-fire series of additional irritations led to some speculation that further progress on WTO issues might be politically difficult.
``We are therefore very pleased that our negotiators were able to do so much, in such a short time, after such a prolonged hiatus. Their ability to stay focused, to communicate quietly, to negotiate, and to achieve mutually satisfactory results is good on the commercial merits. But it is also a reminder to us all: with care, professionalism, and a willingness to engage even when the process is arduous, Americans and Chinese with much at stake can reconcile their positions in ways that serve both countries and the world.
``Although it would be naive to assume that henceforth no WTO issues can possibly arise, the Shanghai breakthrough is a giant step in the right direction. American companies in every field are eager to conduct their business with China according to the accession terms that China has agreed to honor, and they welcome China`s decision to move decisively forward in ways Ambassador Zoellick and his team worked hard to encourage.``
The US-China Business Council is the principal organization of US companies engaged in trade and investment with China. Headquartered in Washington, it also serves its corporate members from field offices in Beijing and Shanghai.
SOURCE: United States-China Business Council
WASHINGTON, June 14 /PRNewswire/ -- The United States-China Business Council today called the recent agreement between US and Chinese negotiators on outstanding problems blocking China`s full membership in the World Trade Organization ``a critical advance toward the achievement of final global agreement`` on terms of China`s entrance into the international trade body, whose rules govern much of the world`s trade in goods and services.
Working through the night of September 6-7, US Trade Representative Robert Zoellick and Chinese Trade Minister Shi Guangsheng reached ``consensus`` on a series of unresolved questions that had prevented the US from signalling its final support at WTO headquarters in Geneva for China`s full membership. The US and China had signed a massive bilateral WTO accession pact in November, 1999, but further negotiations were needed to wrap up loose ends and spell out in detail some of the general commitments China had made in the earlier talks.
In their Shanghai negotiations last week, the two sides reached agreement on five major questions, one relating to permissible domestic subsidies for China`s agriculture sector when it enters the WTO, two pertaining to the insurance sector, one involving definitions of ``chain stores`` for purposes of defining foreign investing rights in the retail sector, and one clarifying key definitions of so-called ``trading rights,`` determining who in China will be legally permitted to conduct importing and exporting activities.
After the talks ended successfully, comments by Zoellick strongly suggested that the US would support China`s progress toward membership when the 50-nation WTO ``Working Group`` on China reconvenes in Geneva in late June.
``The US and China have clearly managed to leap the biggest visible hurdle remaining in the path to Chinese WTO membership,`` stated Robert Kapp, president of the US-China Business Council. ``It had been clear for several months that the multilateral Geneva process could not be reanimated unless these outstanding US-China bilateral issues were cleared up. In the interim, the tremor in US-China relations occasioned by the EP-3 reconnaissance airplane incident and a rapid-fire series of additional irritations led to some speculation that further progress on WTO issues might be politically difficult.
``We are therefore very pleased that our negotiators were able to do so much, in such a short time, after such a prolonged hiatus. Their ability to stay focused, to communicate quietly, to negotiate, and to achieve mutually satisfactory results is good on the commercial merits. But it is also a reminder to us all: with care, professionalism, and a willingness to engage even when the process is arduous, Americans and Chinese with much at stake can reconcile their positions in ways that serve both countries and the world.
``Although it would be naive to assume that henceforth no WTO issues can possibly arise, the Shanghai breakthrough is a giant step in the right direction. American companies in every field are eager to conduct their business with China according to the accession terms that China has agreed to honor, and they welcome China`s decision to move decisively forward in ways Ambassador Zoellick and his team worked hard to encourage.``
The US-China Business Council is the principal organization of US companies engaged in trade and investment with China. Headquartered in Washington, it also serves its corporate members from field offices in Beijing and Shanghai.
SOURCE: United States-China Business Council
Nur ein Gedankenspiel.
Ich habe ein bißchen recherchiert und mir die Bewertungen von ein paar US – Unternehmen angeschaut. Es ist vielleicht interessant zu sehen, was damals bezahlt wurde.
Yahoo ( YHOO )
Shares: 566.905
Course: 240 $ ( Jan `2000 )
Market Cap: 136 Mrd $
CMGI ( CMGI )
Shares: 346.161
Course: 160 $ ( Jan `2000 )
Market Cap: 55,3 Mrd $
Aol ( AOL )
Shares: 4.259.407
Course: 95 $ ( Jan `2000 )
Market Cap: 404 Mrd $
Commerce One ( CMRC )
Shares: 196.640
Course : 135 $ ( Jan `2000)
Market Cap: 26,5 Mrd $
Das war vor einem Jahr; heute sieht es ganz anders aus.
Aber es gibt noch Unternehmen, die in einem der aussichtsreichsten Märkte fundamental sehr stark sind und eine ähnliche Bewertung erreichen können.
Hartcourt ist eine amerikanische Beteiligungsgesellschaft, die sich auf den chinesischen Markt konzentriert hat. Das Ziel besteht darin, sich mehrheitlich an solchen Unternehmen zu beteiligen und diese erfolgreich an die Börse zu bringen, die konzeptionell und strategisch in die angestrebte Philosophie passen, der führende Serviceprovider und Finanzdatenanbieter zu werden.
HRCT will und wird die AOL und Bloomberg Chinas werden.
Bereits im vergangenen Jahr war HRCT im wesentlichen aufgrund ihrer Zielstellung, ihres Konzeptes, ihrer Strategie und der allgemeinen Interneteuphorie, insbesondere mit Blickrichtung China, splittbereinigt mit 10US$ bewertet. Was damals noch mehr oder weniger Phantasie war, ist durch konsequentes Umsetzen dieser Strategie zum großen Teil schon Realität. Dennoch beträgt der aktuelle Kurs aufgrund der allgemein bekannten Abschwächung in den vergangenen 12 Monaten nur 0,55 US$. Das entspricht lediglich einer Marktkapitalisierung von 33 Mio US$.
Innerhalb der nächsten Wochen soll bei einem positiven Marktumfeld die 85% ige Tochter Streaming Asia an den HK – Markt gebracht werden. Anschließend folgt Sinobull ( 100% Anteil / Finanzdatenanbieter und bereits eine der beliebtesten Finanzseiten Chinas).
Beide IPO`s liegen etwa bei einer Bewertung von ca 600 Mio US$ für HRCT. Weitere IPO`s sollen folgen ( HRCT – Capital, Innostar ).
Kürzlich hat HRCT das Telekommunikationsunternehmen Elefant Talk, einen Markenprovider für long – distance Telekomdienstleistungen in China und Hong Kong, zu 51% übernommen. ABN – Amro hat kürzlich eine Bewertung des ETNS Netzwerkes in Höhe von 450 bis 650 Mio US$ erstellt.
HRCT ist auf dem chinesischen Markt, dem Markt mit dem bekanntlich größten und schnellsten Wachstum, aufgrund ihrer dominierenden Stellung als komplexer Serviceprovider und Finanzdatenanbieter, aufgrund ihrer Beteiligungen, deren Wert ein Vielfaches des HRCT – Aktienkurses ausmacht und nicht zuletzt aufgrund des bevorstehenden Beitritts Chinas in die WTO meines Erachtens extrem unterbewertet und ein klarer Kauf mit den bekannten Risiken. Ich denke, daß wir bis `2003 bei einer Market Cap von 15 Mrd $ liegen können.
Hr. Lu Hoa, Vorsitzender des Pekinger Regierungskomitees für die High – Tech Industrie sagte: „ Wir sind von Hartcourts Vision und Verständnis für die riesigen Geschäfts – und Investmentmöglichkeiten hier in Peking sowie in anderen Teilen Chinas sehr beeindruckt. Wir begrüßen ganz besonders Unternehmen wie Hartcourt, welche die Gelegenheit erkannt haben und zusammen mit uns an der Verbesserung des Investitionsumfeldes in China arbeiten.“
Hartcourt Beteiligungen:
85 % Streaming Asia
100 % Sinobull ( je 100%: UAC Online, Shangdi Network, Guo Mao, Financial Telecom)
Hartcourt Capital
Broadband
Hartcourt Partner:
Microsoft, Yahoo China, Shift Nokia, Reuters, Legend,
IBM, China Telecom, Thinkersgroup.com, China Cable Net, Wind Info, empact Solution, People`s Daily
long and strong
Ich habe ein bißchen recherchiert und mir die Bewertungen von ein paar US – Unternehmen angeschaut. Es ist vielleicht interessant zu sehen, was damals bezahlt wurde.
Yahoo ( YHOO )
Shares: 566.905
Course: 240 $ ( Jan `2000 )
Market Cap: 136 Mrd $
CMGI ( CMGI )
Shares: 346.161
Course: 160 $ ( Jan `2000 )
Market Cap: 55,3 Mrd $
Aol ( AOL )
Shares: 4.259.407
Course: 95 $ ( Jan `2000 )
Market Cap: 404 Mrd $
Commerce One ( CMRC )
Shares: 196.640
Course : 135 $ ( Jan `2000)
Market Cap: 26,5 Mrd $
Das war vor einem Jahr; heute sieht es ganz anders aus.
Aber es gibt noch Unternehmen, die in einem der aussichtsreichsten Märkte fundamental sehr stark sind und eine ähnliche Bewertung erreichen können.
Hartcourt ist eine amerikanische Beteiligungsgesellschaft, die sich auf den chinesischen Markt konzentriert hat. Das Ziel besteht darin, sich mehrheitlich an solchen Unternehmen zu beteiligen und diese erfolgreich an die Börse zu bringen, die konzeptionell und strategisch in die angestrebte Philosophie passen, der führende Serviceprovider und Finanzdatenanbieter zu werden.
HRCT will und wird die AOL und Bloomberg Chinas werden.
Bereits im vergangenen Jahr war HRCT im wesentlichen aufgrund ihrer Zielstellung, ihres Konzeptes, ihrer Strategie und der allgemeinen Interneteuphorie, insbesondere mit Blickrichtung China, splittbereinigt mit 10US$ bewertet. Was damals noch mehr oder weniger Phantasie war, ist durch konsequentes Umsetzen dieser Strategie zum großen Teil schon Realität. Dennoch beträgt der aktuelle Kurs aufgrund der allgemein bekannten Abschwächung in den vergangenen 12 Monaten nur 0,55 US$. Das entspricht lediglich einer Marktkapitalisierung von 33 Mio US$.
Innerhalb der nächsten Wochen soll bei einem positiven Marktumfeld die 85% ige Tochter Streaming Asia an den HK – Markt gebracht werden. Anschließend folgt Sinobull ( 100% Anteil / Finanzdatenanbieter und bereits eine der beliebtesten Finanzseiten Chinas).
Beide IPO`s liegen etwa bei einer Bewertung von ca 600 Mio US$ für HRCT. Weitere IPO`s sollen folgen ( HRCT – Capital, Innostar ).
Kürzlich hat HRCT das Telekommunikationsunternehmen Elefant Talk, einen Markenprovider für long – distance Telekomdienstleistungen in China und Hong Kong, zu 51% übernommen. ABN – Amro hat kürzlich eine Bewertung des ETNS Netzwerkes in Höhe von 450 bis 650 Mio US$ erstellt.
HRCT ist auf dem chinesischen Markt, dem Markt mit dem bekanntlich größten und schnellsten Wachstum, aufgrund ihrer dominierenden Stellung als komplexer Serviceprovider und Finanzdatenanbieter, aufgrund ihrer Beteiligungen, deren Wert ein Vielfaches des HRCT – Aktienkurses ausmacht und nicht zuletzt aufgrund des bevorstehenden Beitritts Chinas in die WTO meines Erachtens extrem unterbewertet und ein klarer Kauf mit den bekannten Risiken. Ich denke, daß wir bis `2003 bei einer Market Cap von 15 Mrd $ liegen können.
Hr. Lu Hoa, Vorsitzender des Pekinger Regierungskomitees für die High – Tech Industrie sagte: „ Wir sind von Hartcourts Vision und Verständnis für die riesigen Geschäfts – und Investmentmöglichkeiten hier in Peking sowie in anderen Teilen Chinas sehr beeindruckt. Wir begrüßen ganz besonders Unternehmen wie Hartcourt, welche die Gelegenheit erkannt haben und zusammen mit uns an der Verbesserung des Investitionsumfeldes in China arbeiten.“
Hartcourt Beteiligungen:
85 % Streaming Asia
100 % Sinobull ( je 100%: UAC Online, Shangdi Network, Guo Mao, Financial Telecom)
Hartcourt Capital
Broadband
Hartcourt Partner:
Microsoft, Yahoo China, Shift Nokia, Reuters, Legend,
IBM, China Telecom, Thinkersgroup.com, China Cable Net, Wind Info, empact Solution, People`s Daily
long and strong
Das habe ich eben im RB gefunden. Klingt interessant
check it out !!!!!
Friday June 15, 2:55 pm Eastern Time
Press Release
Reuters and Sun Microsystems Join Forces to Improve Electronic Brokerage Solutions
Collaboration Helps Provide Easier Configuration and Management of E-brokerage Solutions
PALO ALTO, Calif.--(BUSINESS WIRE)--June 15, 2001-- Reuters (NASDAQ: RTRSY - news), the global news, information and technology group, and Sun Microsystems, a leading provider of industrial-strength hardware, software and services that power the Internet, today announced joint efforts to advance the time-to-market deployment of Reuters online brokerage solution, Reuters TIBMercury Online. The strategy aims to offer financial institutions a stronger competitive edge in online securities trading.
Reuters TIBMercury Online, a complete order routing technology that helps enable financial institutions of all sizes and technology sophistication to create electronic brokerage services for their customers, is working with Sun to reconfigure its online services in an effort to minimize the guesswork and risk at the financial institution`s customer site. This Sun/Reuters collaboration will help enable faster time-to-market, and will help allow the institution to remain focused on its customer.
Reuters new test and configuration service, TIBAssurance, has been working with Sun Professional Services to test and tune various Sun hardware configurations, creating well-defined solutions that optimize performance and simplify the installation and configuration of TIBMercury Online, reducing cost, time to market and implementation risk for Reuters clients.
Rob Knourek, President of Reuters Retail Solutions said: ``Apart, Reuters and Sun offer solutions that are best-in-class, reliable and cutting-edge. Together, we can say with complete confidence, we offer best-of-breed scalable solutions, and reliability and functionality to financial institutions looking to stay competitive by leveraging the Internet to expand their services.``
Rob Hall, Vice President, Marketing and Industries, Sun Microsystems, said: ``As a thought leader and next-generation technology evangelist, Sun`s ultimate goal is to empower companies to leverage the Internet in order to get them even closer to their customers, without the headache and mystery associated with sophisticated IT enterprises. The combination of Reuters and Sun`s respective technology, and the fruits of our collaboration, reward decision makers at every level of the institution.``
Note to editors
About Reuters
Reuters (www.about.reuters.com) premier position as a global information, news and technology group is founded on its reputation for speed, accuracy, integrity and impartiality combined with continuous technological innovation. Reuters strength is based on its unique ability to offer customers around the world a combination of content, technology and connectivity. Reuters makes extensive use of internet technologies for the widest distribution of information and news. Around 73 million unique visitors per month access Reuters content on some 1,400 Internet websites. Reuters is the world`s largest international text and television news agency with 2,500 journalists, photographers and camera operators in 190 bureaux, serving 160 countries. In 2000 the Group had revenues of (pound)3.59 billion and on 31 December 2000, the Group employed 18,082 staff in 204 cities in 100 countries. Reuters celebrates its 150th anniversary this year.
Reuters and the sphere logo are the trademarks of the Reuters group of companies.
Sun Microsystems
Since its inception in 1982, a singular vision -- ``The Network Is The Computer(tm)`` -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW - news), to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to take their businesses to the nth. With $19.2 billion in annual revenues, Sun can be found in more than 170 countries and on the World Wide Web at http://sun.com.
--------------------------------------------------------------------------------
Contact:
Reuters, New York
Felicia D. Cosby, 646/223-5223
felicia.cosby@reuters.com
- or -
Sun Microsystems, Palo Alto
Terri Nissen, 650/786-9722
terri.nissen@corp.sun.com
- or -
Middleberg Euro, New York
Bill Ferguson/Ayesha Talwar
212/699-2700
williamf@middleberg.com
ayesha@middleberg.com
check it out !!!!!
Friday June 15, 2:55 pm Eastern Time
Press Release
Reuters and Sun Microsystems Join Forces to Improve Electronic Brokerage Solutions
Collaboration Helps Provide Easier Configuration and Management of E-brokerage Solutions
PALO ALTO, Calif.--(BUSINESS WIRE)--June 15, 2001-- Reuters (NASDAQ: RTRSY - news), the global news, information and technology group, and Sun Microsystems, a leading provider of industrial-strength hardware, software and services that power the Internet, today announced joint efforts to advance the time-to-market deployment of Reuters online brokerage solution, Reuters TIBMercury Online. The strategy aims to offer financial institutions a stronger competitive edge in online securities trading.
Reuters TIBMercury Online, a complete order routing technology that helps enable financial institutions of all sizes and technology sophistication to create electronic brokerage services for their customers, is working with Sun to reconfigure its online services in an effort to minimize the guesswork and risk at the financial institution`s customer site. This Sun/Reuters collaboration will help enable faster time-to-market, and will help allow the institution to remain focused on its customer.
Reuters new test and configuration service, TIBAssurance, has been working with Sun Professional Services to test and tune various Sun hardware configurations, creating well-defined solutions that optimize performance and simplify the installation and configuration of TIBMercury Online, reducing cost, time to market and implementation risk for Reuters clients.
Rob Knourek, President of Reuters Retail Solutions said: ``Apart, Reuters and Sun offer solutions that are best-in-class, reliable and cutting-edge. Together, we can say with complete confidence, we offer best-of-breed scalable solutions, and reliability and functionality to financial institutions looking to stay competitive by leveraging the Internet to expand their services.``
Rob Hall, Vice President, Marketing and Industries, Sun Microsystems, said: ``As a thought leader and next-generation technology evangelist, Sun`s ultimate goal is to empower companies to leverage the Internet in order to get them even closer to their customers, without the headache and mystery associated with sophisticated IT enterprises. The combination of Reuters and Sun`s respective technology, and the fruits of our collaboration, reward decision makers at every level of the institution.``
Note to editors
About Reuters
Reuters (www.about.reuters.com) premier position as a global information, news and technology group is founded on its reputation for speed, accuracy, integrity and impartiality combined with continuous technological innovation. Reuters strength is based on its unique ability to offer customers around the world a combination of content, technology and connectivity. Reuters makes extensive use of internet technologies for the widest distribution of information and news. Around 73 million unique visitors per month access Reuters content on some 1,400 Internet websites. Reuters is the world`s largest international text and television news agency with 2,500 journalists, photographers and camera operators in 190 bureaux, serving 160 countries. In 2000 the Group had revenues of (pound)3.59 billion and on 31 December 2000, the Group employed 18,082 staff in 204 cities in 100 countries. Reuters celebrates its 150th anniversary this year.
Reuters and the sphere logo are the trademarks of the Reuters group of companies.
Sun Microsystems
Since its inception in 1982, a singular vision -- ``The Network Is The Computer(tm)`` -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW - news), to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to take their businesses to the nth. With $19.2 billion in annual revenues, Sun can be found in more than 170 countries and on the World Wide Web at http://sun.com.
--------------------------------------------------------------------------------
Contact:
Reuters, New York
Felicia D. Cosby, 646/223-5223
felicia.cosby@reuters.com
- or -
Sun Microsystems, Palo Alto
Terri Nissen, 650/786-9722
terri.nissen@corp.sun.com
- or -
Middleberg Euro, New York
Bill Ferguson/Ayesha Talwar
212/699-2700
williamf@middleberg.com
ayesha@middleberg.com
Reuters, New York
Felicia D. Cosby, 646/223-5223
felicia.cosby@reuters.com
- or -
Sun Microsystems, Palo Alto
Terri Nissen, 650/786-9722
terri.nissen@corp.sun.com
- or -
Middleberg Euro, New York
Bill Ferguson/Ayesha Talwar
212/699-2700
williamf@middleberg.com
ayesha@middleberg.com
Zufall oder was?????
Kuß
Moneymonster
Felicia D. Cosby, 646/223-5223
felicia.cosby@reuters.com
- or -
Sun Microsystems, Palo Alto
Terri Nissen, 650/786-9722
terri.nissen@corp.sun.com
- or -
Middleberg Euro, New York
Bill Ferguson/Ayesha Talwar
212/699-2700
williamf@middleberg.com
ayesha@middleberg.com
Zufall oder was?????
Kuß
Moneymonster
Guten Teag.
Ich hab da mal ne Frage. Seit wann wurde Sinobull von HRCT zu 100% vereinnahmt. Und wann wurde die Gesetzesgrundlage dafür geschaffen?
Entschuldigt die Frage, aber ich war gezwungen 6 monate offline zu bleiben, und hab demzufolge nichts mehr mitbekommen. ;-)
MfG Sstocktrader... .
PS.: Sind Hollin, LOGO, etc. noch im Board vertreten ?
Ich hab da mal ne Frage. Seit wann wurde Sinobull von HRCT zu 100% vereinnahmt. Und wann wurde die Gesetzesgrundlage dafür geschaffen?
Entschuldigt die Frage, aber ich war gezwungen 6 monate offline zu bleiben, und hab demzufolge nichts mehr mitbekommen. ;-)
MfG Sstocktrader... .
PS.: Sind Hollin, LOGO, etc. noch im Board vertreten ?
Morgen alle zusammen
Aus RB-Board:
Email from Dr.Phan
June 16th, 2001
Dear Friends:
It’s strange but I feel disappointed and frustrated
while Hartcourt operations are moving smoothly ahead
with speed, efficiency and boldness. Maybe the
terrible share price has caused everyone, including
myself, to lose our perspective and started to believe
in the constant negative remarks of our worst enemies.
So here I am , on a beautiful Saturday afternoon in
the LA-LA land, alone in the office doing a bit of
soul searching to share some thoughts with you.
Two repetitive criticism which I have often received
are: one, Hartcourt kept projecting the optimistic
timeline which it was unable to achieve; and two,
Hartcourt has not accomplished the transactions
announced in the press releases.
I have no excuse for the first part: it is plain
stupid to think that the turbulent business climate,
especially in China and under the present high-tech
recession, would allow Hartcourt to complete the task
without any delay or modification. I sincerely
apologize for the mistake. I have kept my mouth shut
and from now on, will let the events speak for
themselves.
On the second criticism, I went back into all the
press releases issued in 1999, 2000 and 2001. Taking
out the minor releases on the subsidiaries’
achievements like Davnet’s contract with
StreamingAsia, books published by Sinobull etc.., I
counted 39 important announcements on Hartcourt’s
acquisitions, merger, partnerships and milestones. Of
these, we have 26 successful completions, 7 still
pending and 6 failures. That is the true final score,
as of today. Comparing to other small development
companies, we deserve cheers and congratulations, not
the self-beatings we subject ourselves daily for the
last few months. Even the failures are blessings in
disguise and all of them are created by factors beyond
our control.
For those skeptical critics, I will go over each
matter one by one so the TRUTH can be verified and
validated.
The failures:
1. Mahadev: This software company withdrew from the US
and international markets due to the high-tech bust
and went back to India. There is not much we can do
about their decision.
2. China On Line (COL): We asked Ernst & Young to
conduct the due diligence after signing the agreement
to determine the fair market value of COL. E&Y could
not complete the task because the legal and accounting
records of COL were in disarray. We recently
terminated the deal.
3. The CD distribution by China Telecom: We had
counted on the 30 Million CD’s distributed by CT to
boost the dominance of our Sinobull Web site thanks to
the link. However, the Chinese government stopped CT’s
effort for fear of creating a monopoly in ISP
business.
4. The Nasdaq application: We did apply for Nasdaq NMS
as announced. However, we decided to pull the
application once we were not certain of our approval
chance. We will apply again as soon as we feel we are
ready.
5. Esat: We took Esat technical team to Beijing to
meet with Innostar, but Innostar rejected Esat
solution. As we also had doubt, we pulled out of the
Esat deal.
6. China Infohighway: The new management came in and
they decided not to honor the agreement we signed with
the old management team. It is futile to sue a
government-owned entity, so we walked. After merging
with a Hong Kong-listed company, China Infohighway was
in financial trouble and they are being liquidated.
The still-pending transactions:
1. Thinkers Group: We have submitted their products to
a technical panel of China Mobile. If they are
approved, we should have good business. If not, we
will not lose anything.
2. Koffman Securities: There is a delay due to the low
share price of HRCT. We should be able to resolve it
soon to complete the deal.
3. Financial TV: The studio has been set up and the
demonstration tapes were produced. However, we cannot
operate it until WTO is signed.
4. Family@Home: The Shanghai company is supposed to
get an exclusive contract with the government-owned
broadband fiber network to provide the last mile
solution for a major portion of the city. As their
temporary contract is limited in scope and operational
area, Hartcourt decided to wait.
5. China Legal On Line: Our Hong Kong partner still
has the exclusive contract with the China’s Supreme
Court to publish legal documents on line. However, the
billionaire Stanley Ho hijacked this project and
pumped in $5 Million to take charge. The money has run
out, and Mr. Ho won’t invest any more. The
re-structure deal would be much more beneficial for
Hartcourt.
6. Equity Credit Line From Swartz: As our share price
has plummeted, we cannot afford to obtain funding this
way. We just have to wait for better timing.
7. Innostar ISP and IP Phone: Elephant Talk has taken
over our position of this joint venture. However, due
to recent change in regulation, we cannot start this
project until WTO is signed.
The completed transactions (there is no need for
explanations):
1. Equis-Reuters partnership.
2. E-Education program with Cal State Fullerton and
Northern Jiaotong University.
3. Elephant Talk acquisition.
4. Fintel Wireless partnership to distribute financial
PDA’s.
5. Sinobul.com being the most popular financial portal
in China.
6. Total Solution System acquisition (TSS): 10 percent
instead of 60 percent.
7. Wind Info investment.
8. ChinaInfo.com: Exchanging contents, links and
revenue sharing.
9. Yahoo!China: Providing financial contents, links
and sharing revenue.
10. SyndicateAsia acquisition.
11. People’s Daily: Providing contents for financial
section.
12. China Securities: Exchange financial data and
sharing revenue.
13. Logic Space acquisition.
14. Legend: Providing software for trading stocks
online via set-top boxes.
15. Nokia: Providing stock trading software and
financial data for WAP users.
16. Microsoft: Developing E-finance and stock trading
software for brokerage houses.
17. Hewlett-Packard: Developing stock trading and
financial data software for Jordana PDA users.
18. IBM: Developing voice-recognition software to
trade stocks.
19. Guo Mao acquisition.
20. StreamingAsia acquisition.
21. Empact Technolgy investment.
22. Shangdi Network acquisition.
23. China Telecom: Exclusive use of 162 Network for
stock trading.
24. Listing on Frankfurt stock exchange.
25. UAC Stock Online acquisition.
26. Financial Telecom acquisition.
Again, the final score is 26 successes, 7 outstanding
and 6 failures (thank God, we were lucky on these
so-called failures). You draw your own conclusion.
As I said earlier, I am quite frustrated and
disappointed at the terrible share price. Of course,
you, the shareholders, are only interested in making
money with a higher share price. It won’t make any
difference if Hartcourt can be successful in 26 more
transactions and the share price remains the same. I
understand this sentiment and that is why I am so
frustrated and disappointed, after working so hard for
so long for the elusive goal. I take full
responsibility for this challenge, even if it’s beyond
my control.
I am as proud as ever on our achievements. I am as
determined as ever on our effort to complete our
mission. I am a soldier and I think I am the best
soldier for this job. I can assure you that we will
arrive at our destination. There is no doubt
whatsoever in my mind. However, will the share price
ever reflect the true value of Hartcourt? I still
believe it will, but after so many disappointments,
you have to make the call. If you decide to walk out
of this long journey now, I will understand and wish
you the best of luck with your investment. If you
stay, let us pray that you will have the patience and
Providence will side with the good guys in the end.
I wish you a great Father’s Day; that your family will
appreciate deeply the hard work and the sacrifice you
have given them. I am grateful for all the support you
have expressed and I promise I won’t fail you.
Keep the faith. “The intensity of our desire will
govern the power with which the force is directed. And
in order to succeed, we must first believe that we
can.” (John McDonald).
Best,
Alan
=====
Dr. Alan V. Phan, Chairman
The Hartcourt Companies, Inc.
9800 Sepulveda Blvd. Suite 818
Los Angeles, CA. 90045 USA
Tel: 310 410 7290 Ext 209
Fax 310 410 7297
Web: www.hartcourt.com
Aus RB-Board:
Email from Dr.Phan
June 16th, 2001
Dear Friends:
It’s strange but I feel disappointed and frustrated
while Hartcourt operations are moving smoothly ahead
with speed, efficiency and boldness. Maybe the
terrible share price has caused everyone, including
myself, to lose our perspective and started to believe
in the constant negative remarks of our worst enemies.
So here I am , on a beautiful Saturday afternoon in
the LA-LA land, alone in the office doing a bit of
soul searching to share some thoughts with you.
Two repetitive criticism which I have often received
are: one, Hartcourt kept projecting the optimistic
timeline which it was unable to achieve; and two,
Hartcourt has not accomplished the transactions
announced in the press releases.
I have no excuse for the first part: it is plain
stupid to think that the turbulent business climate,
especially in China and under the present high-tech
recession, would allow Hartcourt to complete the task
without any delay or modification. I sincerely
apologize for the mistake. I have kept my mouth shut
and from now on, will let the events speak for
themselves.
On the second criticism, I went back into all the
press releases issued in 1999, 2000 and 2001. Taking
out the minor releases on the subsidiaries’
achievements like Davnet’s contract with
StreamingAsia, books published by Sinobull etc.., I
counted 39 important announcements on Hartcourt’s
acquisitions, merger, partnerships and milestones. Of
these, we have 26 successful completions, 7 still
pending and 6 failures. That is the true final score,
as of today. Comparing to other small development
companies, we deserve cheers and congratulations, not
the self-beatings we subject ourselves daily for the
last few months. Even the failures are blessings in
disguise and all of them are created by factors beyond
our control.
For those skeptical critics, I will go over each
matter one by one so the TRUTH can be verified and
validated.
The failures:
1. Mahadev: This software company withdrew from the US
and international markets due to the high-tech bust
and went back to India. There is not much we can do
about their decision.
2. China On Line (COL): We asked Ernst & Young to
conduct the due diligence after signing the agreement
to determine the fair market value of COL. E&Y could
not complete the task because the legal and accounting
records of COL were in disarray. We recently
terminated the deal.
3. The CD distribution by China Telecom: We had
counted on the 30 Million CD’s distributed by CT to
boost the dominance of our Sinobull Web site thanks to
the link. However, the Chinese government stopped CT’s
effort for fear of creating a monopoly in ISP
business.
4. The Nasdaq application: We did apply for Nasdaq NMS
as announced. However, we decided to pull the
application once we were not certain of our approval
chance. We will apply again as soon as we feel we are
ready.
5. Esat: We took Esat technical team to Beijing to
meet with Innostar, but Innostar rejected Esat
solution. As we also had doubt, we pulled out of the
Esat deal.
6. China Infohighway: The new management came in and
they decided not to honor the agreement we signed with
the old management team. It is futile to sue a
government-owned entity, so we walked. After merging
with a Hong Kong-listed company, China Infohighway was
in financial trouble and they are being liquidated.
The still-pending transactions:
1. Thinkers Group: We have submitted their products to
a technical panel of China Mobile. If they are
approved, we should have good business. If not, we
will not lose anything.
2. Koffman Securities: There is a delay due to the low
share price of HRCT. We should be able to resolve it
soon to complete the deal.
3. Financial TV: The studio has been set up and the
demonstration tapes were produced. However, we cannot
operate it until WTO is signed.
4. Family@Home: The Shanghai company is supposed to
get an exclusive contract with the government-owned
broadband fiber network to provide the last mile
solution for a major portion of the city. As their
temporary contract is limited in scope and operational
area, Hartcourt decided to wait.
5. China Legal On Line: Our Hong Kong partner still
has the exclusive contract with the China’s Supreme
Court to publish legal documents on line. However, the
billionaire Stanley Ho hijacked this project and
pumped in $5 Million to take charge. The money has run
out, and Mr. Ho won’t invest any more. The
re-structure deal would be much more beneficial for
Hartcourt.
6. Equity Credit Line From Swartz: As our share price
has plummeted, we cannot afford to obtain funding this
way. We just have to wait for better timing.
7. Innostar ISP and IP Phone: Elephant Talk has taken
over our position of this joint venture. However, due
to recent change in regulation, we cannot start this
project until WTO is signed.
The completed transactions (there is no need for
explanations):
1. Equis-Reuters partnership.
2. E-Education program with Cal State Fullerton and
Northern Jiaotong University.
3. Elephant Talk acquisition.
4. Fintel Wireless partnership to distribute financial
PDA’s.
5. Sinobul.com being the most popular financial portal
in China.
6. Total Solution System acquisition (TSS): 10 percent
instead of 60 percent.
7. Wind Info investment.
8. ChinaInfo.com: Exchanging contents, links and
revenue sharing.
9. Yahoo!China: Providing financial contents, links
and sharing revenue.
10. SyndicateAsia acquisition.
11. People’s Daily: Providing contents for financial
section.
12. China Securities: Exchange financial data and
sharing revenue.
13. Logic Space acquisition.
14. Legend: Providing software for trading stocks
online via set-top boxes.
15. Nokia: Providing stock trading software and
financial data for WAP users.
16. Microsoft: Developing E-finance and stock trading
software for brokerage houses.
17. Hewlett-Packard: Developing stock trading and
financial data software for Jordana PDA users.
18. IBM: Developing voice-recognition software to
trade stocks.
19. Guo Mao acquisition.
20. StreamingAsia acquisition.
21. Empact Technolgy investment.
22. Shangdi Network acquisition.
23. China Telecom: Exclusive use of 162 Network for
stock trading.
24. Listing on Frankfurt stock exchange.
25. UAC Stock Online acquisition.
26. Financial Telecom acquisition.
Again, the final score is 26 successes, 7 outstanding
and 6 failures (thank God, we were lucky on these
so-called failures). You draw your own conclusion.
As I said earlier, I am quite frustrated and
disappointed at the terrible share price. Of course,
you, the shareholders, are only interested in making
money with a higher share price. It won’t make any
difference if Hartcourt can be successful in 26 more
transactions and the share price remains the same. I
understand this sentiment and that is why I am so
frustrated and disappointed, after working so hard for
so long for the elusive goal. I take full
responsibility for this challenge, even if it’s beyond
my control.
I am as proud as ever on our achievements. I am as
determined as ever on our effort to complete our
mission. I am a soldier and I think I am the best
soldier for this job. I can assure you that we will
arrive at our destination. There is no doubt
whatsoever in my mind. However, will the share price
ever reflect the true value of Hartcourt? I still
believe it will, but after so many disappointments,
you have to make the call. If you decide to walk out
of this long journey now, I will understand and wish
you the best of luck with your investment. If you
stay, let us pray that you will have the patience and
Providence will side with the good guys in the end.
I wish you a great Father’s Day; that your family will
appreciate deeply the hard work and the sacrifice you
have given them. I am grateful for all the support you
have expressed and I promise I won’t fail you.
Keep the faith. “The intensity of our desire will
govern the power with which the force is directed. And
in order to succeed, we must first believe that we
can.” (John McDonald).
Best,
Alan
=====
Dr. Alan V. Phan, Chairman
The Hartcourt Companies, Inc.
9800 Sepulveda Blvd. Suite 818
Los Angeles, CA. 90045 USA
Tel: 310 410 7290 Ext 209
Fax 310 410 7297
Web: www.hartcourt.com
hi moneymonster,
was soll da sein ???meinst du das sei feli ?? :-)
quatsch......
nautilus
Reuters, New York
Felicia D. Cosby, 646/223-5223
felicia.cosby@reuters.com
- or -
Sun Microsystems, Palo Alto
Terri Nissen, 650/786-9722
terri.nissen@corp.sun.com
- or -
Middleberg Euro, New York
Bill Ferguson/Ayesha Talwar
212/699-2700
williamf@middleberg.com
ayesha@middleberg.com
Zufall oder was?????
Kuß
Moneymonster
was soll da sein ???meinst du das sei feli ?? :-)
quatsch......
nautilus
Reuters, New York
Felicia D. Cosby, 646/223-5223
felicia.cosby@reuters.com
- or -
Sun Microsystems, Palo Alto
Terri Nissen, 650/786-9722
terri.nissen@corp.sun.com
- or -
Middleberg Euro, New York
Bill Ferguson/Ayesha Talwar
212/699-2700
williamf@middleberg.com
ayesha@middleberg.com
Zufall oder was?????
Kuß
Moneymonster
ich weiss nicht leute,aber so langsam glaube ich
auch das wird nichts mehr
auch das wird nichts mehr
Aus dem RB-Board:
Today nothing but a shorting attack -
Management believes that the low share price of Hartcourt is the direct result of about 2 Million shares of naked shorts on HRCT. With a large public float of more than 42 Million shares, the shorts will continue to attack the stock no matter which exchange HRCT is trading on. The best solution to counter this criminal manipulation is to bring our assets into different public entities, by IPOing or by reverse merger. Once this is accomplished, the subsidiaries (StreamingAsia, Sinobull and Elephant Talk) might each have a bigger market cap than Hartcourt’s. They should all be qualified to apply for Nasdaq, Amex, Hong Kong or Frankfurt. By piggy-backing on their strength, Hartcourt or its shareholders (via paid-out dividends) will realize the true value of our assets.
Georgia
HRCT will arrive at our successful destination
Könnte eine Erklärung für die Kursabschläge der letzten Tage
trotz der News sein.
@nautilus
War nur so ein Gedanke.Möglich ist ja alles.
Moneymonster
Today nothing but a shorting attack -
Management believes that the low share price of Hartcourt is the direct result of about 2 Million shares of naked shorts on HRCT. With a large public float of more than 42 Million shares, the shorts will continue to attack the stock no matter which exchange HRCT is trading on. The best solution to counter this criminal manipulation is to bring our assets into different public entities, by IPOing or by reverse merger. Once this is accomplished, the subsidiaries (StreamingAsia, Sinobull and Elephant Talk) might each have a bigger market cap than Hartcourt’s. They should all be qualified to apply for Nasdaq, Amex, Hong Kong or Frankfurt. By piggy-backing on their strength, Hartcourt or its shareholders (via paid-out dividends) will realize the true value of our assets.
Georgia
HRCT will arrive at our successful destination
Könnte eine Erklärung für die Kursabschläge der letzten Tage
trotz der News sein.
@nautilus
War nur so ein Gedanke.Möglich ist ja alles.
Moneymonster
@strongman
Du mußt Hartcourt als Langfristanlage sehen!
Ich verstehe den Frust,das der Kurs fällt und fällt.
Ich muß gestehen das ich mir den Kurs von Hartcourt fast nie anschaue,laß Hartcourt ein paar Jahre liegen
Bei jedem erfolgreichem Trade(mit anderen Aktien)kauf ich mir immer ein paar nach.
Entweder man glaubt an Hartcourt ODER nicht,ist halt nichts für schwache Neven!
Gruß panik
Du mußt Hartcourt als Langfristanlage sehen!
Ich verstehe den Frust,das der Kurs fällt und fällt.
Ich muß gestehen das ich mir den Kurs von Hartcourt fast nie anschaue,laß Hartcourt ein paar Jahre liegen
Bei jedem erfolgreichem Trade(mit anderen Aktien)kauf ich mir immer ein paar nach.
Entweder man glaubt an Hartcourt ODER nicht,ist halt nichts für schwache Neven!
Gruß panik
Da schau ich mir den Kurs grade an
BID bei 0,35$ ASK 0,40$
Was für ein SPREAD!
-17% Bis -6%
lächerlich!
BID bei 0,35$ ASK 0,40$
Was für ein SPREAD!
-17% Bis -6%
lächerlich!
Danke Panik,
Dein Optimismus baut mich wenigstens
etwas auf
Gruß Chromglanz
Dein Optimismus baut mich wenigstens
etwas auf
Gruß Chromglanz
Hallo,
ich stelle jetzt eine Frage zum 4.mal und vielleicht bekomme ich ja diesmal eine Antwort: Welche Insiderverkäufe sind abgeschlossen? Kann der Kursverfall denn nicht damit zusammenhängen? Eigentlich hatte ich dies schon lange befürchtet, denn 650000 Shares sind kein Pappenstiel und dies wurde gleich 2x angekündigt.
Gruß Arzgb.
ich stelle jetzt eine Frage zum 4.mal und vielleicht bekomme ich ja diesmal eine Antwort: Welche Insiderverkäufe sind abgeschlossen? Kann der Kursverfall denn nicht damit zusammenhängen? Eigentlich hatte ich dies schon lange befürchtet, denn 650000 Shares sind kein Pappenstiel und dies wurde gleich 2x angekündigt.
Gruß Arzgb.
@panik
danke für deine massage
ich sehe HRCT auch langfristig,glaube eigentlich
auch dran,aber irgendwann frustet es halt doch mal.
die umsätze heute sind auch lächerlich,also denke
ich auch das hier wieder mal ein paar short-zocker
bei der sache sind
nu denn,ich bleibe dabei,bin ja sozusagen auch ein
cult HRCT´ler
grüße
strongman
danke für deine massage
ich sehe HRCT auch langfristig,glaube eigentlich
auch dran,aber irgendwann frustet es halt doch mal.
die umsätze heute sind auch lächerlich,also denke
ich auch das hier wieder mal ein paar short-zocker
bei der sache sind
nu denn,ich bleibe dabei,bin ja sozusagen auch ein
cult HRCT´ler
grüße
strongman
@panik
Wenn Du das so sehen kannst ist es ja gut aber ich würde mir keine all zu großen Hoffnungen mehr machen,alle Achtung an die Adresse von kiel der hats erkannt wenn auch nicht rechtzeitig.
Good Luck!!!
Wenn Du das so sehen kannst ist es ja gut aber ich würde mir keine all zu großen Hoffnungen mehr machen,alle Achtung an die Adresse von kiel der hats erkannt wenn auch nicht rechtzeitig.
Good Luck!!!
!!!!! SEC filing DEF 14 read it here.
HARTCOURT COMPANIES INC, filed this DEF 14A on 06/19/2001.
Outline View Header Next Section »
THE HARTCOURT COMPANIES, INC.
9800 South Sepulveda Blvd., Suite 818
Los Angeles, CA 90045
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To Be Held on Friday, July 20, 2001 at 2:00 PM
Dear Shareholder:
You are invited to attend the Annual Meeting of the Shareholders of The
Hartcourt Companies, Inc. (the "Company"), which will be held on Friday, July
20, 2001, at 2:00 PM local time at the Courtyard by Marriott hotel, located at
6161 W. Century Blvd., Los Angeles, CA 90045 for the following purposes:
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 Weinberg & Co, PA as the Company`s independent
public accountants for the fiscal year ending December 31, 2001.
3. To increase the authorized share capital to 250,000,000 shares of common
stock.
4. To transact such other business as may properly come before the meeting.
Shareholders of record at the close of business on June 11, 2001 are
entitled to notice of, and to vote at, this meeting and any adjournment thereof.
By order of the Board of Directors,
Chairman
Los Angeles, California
June 4, 2001
1
THE HARTCOURT COMPANIES, INC.
9800 South Sepulveda Blvd., Suite 818
Los Angeles, CA 90045
PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS
The accompanying proxy is solicited by the Board of Directors of The
Hartcourt Companies, Inc., a Utah corporation (the "Company"), for use at the
Annual Meeting of Shareholders to be held on Friday, July 20, 2001 at 2:00 PM
local time, or any adjournment thereof, for the purposes set forth in the
accompanying Notice of Annual Meeting. This meeting will be held at the
Courtyard by Marriott hotel, located at 6161 W. Century Blvd., Los Angeles, CA
90045. The date of this Proxy Statement is June 4th, 2001, the approximate date
on which this Proxy Statement and the accompanying form of proxy were first sent
or given to shareholders.
GENERAL
Annual Report.
An annual report, filed on form 10K-SB, for the fiscal year ended December
31, 2000, is enclosed with this Proxy Statement.
Voting Securities.
Only shareholders of record as of the close of business on June 11, 2001
will be entitled to vote at the meeting and any adjournment thereof. As of that
date, there were 72,452,248 shares of Common Stock of the Company, issued and
outstanding. Shareholders may vote in person or in 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. The Company`s bylaws provide that a
majority of all the shares of the stock entitled to vote, whether present in
person or represented by proxy, shall constitute a quorum for the transaction of
business at the meeting. The nominees for director receiving a majority of votes
cast at the meeting will be elected.
Solicitation of proxies
The cost of soliciting proxies will be borne by the Company. The Company
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 the Company registered in the names of
such persons and will reimburse them for their reasonable, out-of-pocket costs.
In addition, the Company may use the services of its officers, directors, and
others to solicit proxies, personally or by telephone, without additional
compensation.
2
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 matter 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. A
shareholder giving a proxy has the power to revoke his or her proxy, at any time
prior to the time it is voted, by delivery to the Secretary of the Company of a
written instrument revoking the proxy or a duly executed proxy with a later
date, or by attending the meeting and voting in person.
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 S. Sepulveda Blvd., Suite
818, Los Angeles, California 90045;
2. Filing with our Secretary at our principal executive office located at
9800 S. 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 intended to be presented at the next Annual
Shareholder`s Meeting must be received by the Company, at its offices at, 9800
S. Sepulveda Blvd., Suited #818, Los Angeles, California 90048 not later than
June 15th, 2001. Proposals of shareholders must satisfy the conditions
established by the Securities and Exchange Commission for shareholder proposals
to be included in the Company`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.
3
PROPOSAL NO. 1
ELECTION OF DIRECTORS
The Company`s Board of Directors currently consists of five (5) authorized
directors. Until December 31, 2010, three of the five directors will be
elected to the Board pursuant to the rights held by the holder of the Original
Preferred Stock to elect 3/5th of the directors. The nominees for election are
Dr. Alan V. Phan, Manu Ohri, Stephen Tang, Jimmy Lui Wing Yiu and Dr. Charlie
Yang, each one of them have been nominated by the management for election at
the Annual Meeting of Shareholders. If elected, each nominee will serve as a
director until the Company`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
Directors Names Age Position Since
-------------------------- --- -------------------------------- -----
Dr. Alan V. Phan 55 Chairman of the Board, Chief
Executive Officer and President 1993
Manu Ohri 45 Director, Chief Financial
Officer and Secretary 1999
Stephen Tang (1) 55 Director 2001
Jimmy Lui Wing Yiu (1) 54 Director 2001
Dr. Charlie Yang (1) 42 Director 2001
(1) Denotes director to be elected by Original Preferred Stock
Dr. Alan V. Phan is the founder of Hartcourt and has been Chairman,
President and Chief Executive Officer since November 1993. He is also the
founder of Harcourt 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, which is 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 in1975.
4
Mr. Manu Ohri, Executive Vice President of Finance, Chief Financial
Officer, Secretary and Director since December 1999, has over 19 years of
diversified business management and operations experience in public and private
companies. In addition to serving as the Chief Financial Officer of Hartcourt,
Mr. Ohri currently 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.
Mr. Stephen Tang is the founder of Financial Telecom Limited and has been
involved in the development and implementation of consumer technologies for over
20 years. From 1985 to present, Mr. Tang held the position of Chief Executive
Officer. Mr. Tang`s contributions include development of new and innovative
products and creation of strategic alliances in China, Taiwan, Korea and USA.
Mr. Tang holds a degree in Business Administration from AIM-Asia Institute of
Management in Manila.
Mr. Jimmy Lui is presently the Chairman, Chief Executive Officer and
founder of Crown Star Consultant Limited, a Hong Kong based consulting firm
engaged in the business of management consultancy. From January 1998 to December
1999, Mr. Lui was the General Manager-group corporate relations of China CLP
Holdings Limited. From October 1993 to January 1998, Mr. Lui was the General
Manager of distribution and customer services of China Light & Power Company
Limited. From 1991 to 1993, Mr. Lui worked as Vice President and Chief Financial
Officer of Utility Consulting International Limited in the US. In 1991, Mr. Lui
was the Cellnet Field Operations and Planning Manager of Domestic Automation
Company in the US. Prior to joining Domestic Automation Company, Mr. Lui has
worked over 22 years with China Light & Power Company Limited in Hong Kong. Mr.
Lui holds a Masters degree in Business Administration from the Chinese
University of Hong Kong, and a Bachelor of Science degree in Electrical
Engineering from the University of Hong Kong. Mr. Lui is a registered
Professional Engineer in the US, a Chartered Engineer in the United Kingdom and
a fellow member of the Hong Kong Institute of Engineers.
Dr. Charlie Yang was the President and Chief Executive Officer of a leading
wireless access company in Beijing Xinwei Telecom Limited, joint venture owned
and invested in by the Chinese Ministry of Information Industry and W.I. Harper
Group prior to joining Hartcourt in May 2000. From 1998 to 1999, Dr. Yang served
as the President and Chief Telecom Research Analyst of TelecomResearch.com, a
leading online resource serving wireless industry. From 1995 to 1998, Dr. Yang
served as senior product manager at Hughes Network Systems Inc. From 1993 to
1995, Dr. Yang served as a senior product/business planner with Northern Telecom
Limited in the area of next generation of product development. Dr. Yang obtained
his Ph.D and Masters in Science degrees in Wireless Telecommunications at the
University of Victoria in Canada. Dr. Yang obtained his Bachelors degree in
Electrical Engineering at the University of Science and Technology of China.
5
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, 2000, the Board held eight (8) meetings.
Messers. Phan and Ohri attended 100% of the meetings and the other present
members attended all of the meetings since attaining their directorships.
The Company has no Compensation or Nominating Committees.
Options Committee
The Options Committee`s function is to review, make recommendations, maintain
and implement those option grants of options promulgated by it and approved by
the Board of Directors. Directors Phan and Ohri comprise the membership of this
committee.
Audit Committee
The Audit Committee`s function is to review with the Company`s independent
public accountants and management the annual financial statements and
independent public accountants` opinion. Its responsibilities include reviewing
the scope and results of the examination of the Company`s financial statements
by the independent public accountants, approving all professional services
performed by the 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 the Company`s accounting
policies, internal accounting and financial controls. The members of the Audit
Committee are Messrs. Ohri, Silva and Yang. During the year ended December 31,
2000, the Audit Committee held one meeting to ratify the appointment of
Company`s independent accountants.
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 Exchange Act of 1934 requires the Company`s
executive officers, directors and persons who beneficially own more than 5% of
the Company`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 the Company with copies of
all Section 16(a) forms filed by such persons.
Based solely on the Company`s review of such forms furnished to the Company
and written representation from certain reporting persons, the Company believes
that all filing requirements applicable to the Company`s executive officers,
directors and more than 5% shareholders were in compliance.
6
Security Ownership of Certain Beneficial Owners and Management
The following table sets forth information as of December 31, 2000 with
respect to persons 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 |Percent|
| | Beneficial Owner | Beneficial Ownership(1)| |
|--------------|------------------------------ ------------------------ -------|
|Common stock | Dr. Alan V. Phan | 8,804,109 (2) | 13.5% |
| | 9800 S. Sepulveda, Suite 818 | | |
| | Los Angeles CA 90045 | | |
|--------------|------------------------------|------------------------|-------|
|--------------|------------------------------|------------------------|-------|
|Original | Dr. Alan V. Phan | 1,000 (2) | 100% |
|Preferred | 9800 S. Sepulveda, Suite 818 | | |
|stock | Los Angeles, CA 90045 | | |
|--------------|------------------------------|------------------------|-------|
|--------------|------------------------------|------------------------|-------|
|Common stock | CEDE & Co. | 42,449,928 (3) | 64.4% |
| | 55 Water Street 2SL | | |
| | New York, NY 10041 | | |
|--------------|------------------------------|------------------------|-------|
|--------------|------------------------------|------------------------|-------|
|Common stock | Financial Telecom Limited | 3,509,104 (4) | 5.3% |
| | The Center, Suite 2705 | | |
| | 99 Queen`s Road Central, | | |
| | Hong Kong | | |
|--------------|------------------------------|------------------------|-------|
|--------------|------------------------------|------------------------|-------|
| | All Officers and Directors as| 8,878,988 | |
| | a 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 used by stock brokerage companies
to hold "Street name" shares.
(4) Represents Hartcourt shares issued in connection with the purchase of FTL.
7
EXECUTIVE COMPENSATION AND OTHER MATTERS
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, 2000, 1999 and 1998 to the
person serving as the Company`s Chief Executive Officer:
Name and Principal Position Fiscal Year Annual Salary
--------------------------------------------- ----------- -------------
Dr. Alan V. Phan, Chief Executive Officer 2000 $1
1999 $3,379,788
1998 $200,000
The Company 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. During the year 2000, Dr. Phan agreed to receive $1
salary as his compensation for the year ended December 31, 2000. Dr. Phan
received 100% of his salary in shares of common stock of Hartcourt during the
last two fiscal years. Hartcourt issued restricted common shares to Dr. Phan in
the amounts of 1,600,284 shares and 213,333 shares for the years ended December
31, 1999 and 1998, respectively.
On April 12, 2000, Hartcourt entered into an employment agreement with
Charlie Yang, Chief Executive Officer, for a term of three years of employment
starting May 1, 2000. During the first year ending April 30, 2001, the agreement
provides for an annual salary of $168,000 in cash plus an option to purchase
50,000 shares of Hartcourt common stock at the market price of May 1, 2000
exercisable within twenty-four (24) months of its grant. In the second and third
year, the annual salary increases to $180,000 and $200,000 plus the option to
purchase shares increases to 100,000 and 150,000 shares of common stock of
Hartcourt as of May 1, 2001 and May 1, 2002, exercisable within twenty-four
months of its grant. During 2000, Mr. Yang received $112,000 in salary and has
not exercised his options to purchase 50,000 shares of Hartcourt common stock as
of May 26, 2001.
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
8
Hartcourt. Vested options lapse one year after the death or disability of an
option holder. As of May 26, 2001, options to purchase 470,000 shares of common
stock were outstanding under the plan at exercise prices ranging from $1.00 to
$7.16 per share.
Stock Option Plan
In April 1995, the Company adopted a stock option plan (the Plan) to
attract and retain qualified persons for positions of substantial responsibility
as officers, directors, consultants, legal counsel, and other positions of
significance to the Company. The Plan provides for the issuance of both
Incentive Stock Options and Non-Qualified Stock Options. The Plan, which is
administered by the Board of Directors, provides for the issuance of a maximum
of 2,000,000 options to purchase shares of common stock at the market price
thereof on the date of grant. Such options are generally exercisable over a
10-year period from the date of grant. Each option lapses 90 days after the
optionee has terminated his continuous activity with the Company, except that if
his continuous activity with the Company terminates by reason of his death, such
option of the deceased optionee may be exercised within one year after the death
of such optionee. Options granted under the Plan are restricted as to sale or
transfer. All options were granted at not less than fair value at the date of
grant and have terms of 10 years.
The following table summarizes the activity in the plan:
Weighted
Number of Average
Exercise
Shares Price
---------------- ---------------
Shares under option at January 1, 1999 400,000 $ 1.00
Granted 2,000,000 1.265
Exercised (2,000,000) 1.265
Canceled - -
---------------- ---------------
Shares under option at December 31, 1999 400,000 $ 1.00
Granted 70,000 6.76
Exercised - -
Canceled - -
---------------- ---------------
Shares under option at December 31, 2000 470,000 $ 1.86
---------------- ---------------
All stock options issued to employees have an exercise price not less than
the fair market value of the Company`s common stock on the date of grant, and in
accordance with the accounting for such options utilizing the intrinsic value
method there is no related compensation expense recorded in the Company`s
financial statements. Had compensation cost for stock-based compensation been
determined based on the fair value at the grant dates in accordance with the
method delineated in Statement of Accounting standards No. 123, the Company`s
9
net loss and loss per share for the year ended December 31, 2000 and 1999, would
not have been increased.
Additional information relating to stock options outstanding and
exercisable at December 31, 2000 summarized by exercise price are as follows:
Outstanding Exercisable
Exercise Price Weighted Average Weighted Average
---------------------------- -----------------------
Per Share Shares Life (Years) Exercise Price Shares Exercise Price
-------------- ------- ------------ -------------- ------- --------------
$1.00 to $7.16 470,000 1 to 7.5 $1.86 470,000 $1.86
In connection with a Fee Agreement for Introduction Services with Tang Wai
Leong and Thomas Kwok, (collectively referred to as the "Introducers"),
Hartcourt agreed to grant to the Introducers options to purchase up to 2,500,000
shares of Hartcourt common stock at a price of $5.50 per share. The options were
issued at the fair market value on the date of issuance and therefore, no
expense was recorded. On May 4, 2000, the Introducers exercised their option to
acquire 2,500,000 shares of Hartcourt common stock. As of December 31, 2000,
Hartcourt received $2,220,000 towards the exercise price of 2,500,000 options
into shares exercised by the Introducers. The remaining balance of $11,000,000
is recorded as subscriptions receivable at December 31, 2000 in the accompanying
financial statements.
In connection with providing consulting services, on July 21, 2000,
Hartcourt granted to Anarjay Concepts, Inc. options to purchase 20,000 shares of
Hartcourt stock at a price of $5.75 per share. The options expire on July 20,
2001. The options were issued at the fair market value on the date of issuance
and, therefore, no expense was recorded.
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 the 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 the Company. The value of the underlying common stock on the date of grant
was $1.625. The stock options are exercisable over ten (10) years.
In the event the Company enters into an agreement which significantly
changes the ownership, or an agreement to dispose of the majority of the
Company`s assets or stock of the company, 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
Each Director currently serving now on the Board received $12,000 dollars
worth of shares of the Company`s Restricted Common Stock starting January 1,
2000 for attendance at a minimum of four Board meetings per quarter.
10
PROPOSAL 2
APPOINTMENT OF INDEPENDENT ACCOUNTANTS
The Board of Directors of the Company has selected Weinberg & Co, PA, as
our independent accountants for the fiscal year ended December 31, 2001. The
Board of Directors is submitting its selection of independent auditors for
ratification by the shareholders at the Annual Meeting. A representative of
Weinberg & Co, PA will be present at the Annual Meeting with the opportunity to
make a statement if the representative desires to do so, and will be available
to respond to appropriate questions.
The affirmative vote of a majority of votes cast at the Annual Meeting of
Shareholders, at which a quorum representing a majority of all outstanding
shares of Common Stock of the Company is present and voting, either in person or
by proxy, is required for approval of this proposal. Neither abstentions nor
broker non-votes shall have any effect on the outcome of this vote.
THE BOARD OF DIRECTORS UNANIMOUSLY
RECOMMENDS A VOTE IN FAVOR OF PROPOSAL 2.
PROPOSAL 3
TO INCREASE THE COMPANY`S AUTHORIZED SHARES
TO 250,000,000 SHARES
We are asking the Company`s stockholders to approve an amendment to the
Company`s articles of incorporation that will increase the number of shares of
common stock authorized for issuance from 100,000,000 to 250,000,000.
The Company believes that this amendment to increase the number of shares
of common stock authorized for issuance is necessary to ensure that a sufficient
reserve of common shares is available for use by the Company in such areas as
raising capital and in the acquisition of other companies and assets. Pursuant
to the laws of the State of Utah and the Company`s designation in its articles
of incorporation, the Company`s shareholders will not have any preemptive rights
to acquire the additional unauthorized shares if the requested increase is
approved.
The affirmative vote of a majority of votes cast at the Annual Meeting of
Shareholders, at which a quorum representing a majority of all outstanding
shares of Common Stock of the Company is present and voting, either in person or
by proxy, is required for approval of this proposal. Neither abstentions nor
broker non-votes shall have any effect on the outcome of this vote.
THE BOARD OF DIRECTORS UNANIMOUSLY
RECOMMENDS A VOTE IN FAVOR OF PROPOSAL 3.
11
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 others will present, is as set forth
above. If any other matters are properly brought before the 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/Manu Ohri
June 4, 2001 Manu Ohri
Secretary
12
Proxy Card
THE HARTCOURT COMPANIES, INC.
PROXY FOR ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON FRIDAY, JULY 20, 2001 AT 2:00 PM AT THE COURTYARD BY MARRIOTT
HOTEL LOCATED AT 6161 W. CENTURY BLVD., LOS ANGELES,
CALIFORNIA 90045
The undersigned hereby appoints Dr. Alan V. Phan and Manu Ohri, 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 matters that may properly come before the Company`s Annual
Meeting of Shareholders to be held on Friday, July 20, 2001, 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, (ii) the ratification of the
appointment of the independent auditors, and (iii) increase the authorized share
capital to 250,000,000 shares of common stock.
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 MANU OHRI 03 STEPHEN TANG 04 JIMMY LUI 05 CHARLIE YANG
_ _
|_| For all the 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:
-----------------------------------------
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.
3. INCREASE THE AUTHORIZED SHARE CAPITAL TO 250,000,000 SHARES OF COMMON STOCK.
_ _ _
|_| FOR |_| AGAINST |_| ABSTAIN
_
I PLAN TO ATTEND HARTCOURT`S 2001 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 ILL BE VOTED FOR
PROPOSALS 1, 2 AND 3.
13
Dated:_____________________________, 2001
----------------------------------------
Signature
----------------------------------------
Signature
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.
14
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HARTCOURT COMPANIES INC, filed this DEF 14A on 06/19/2001.
Outline View Header Next Section »
THE HARTCOURT COMPANIES, INC.
9800 South Sepulveda Blvd., Suite 818
Los Angeles, CA 90045
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To Be Held on Friday, July 20, 2001 at 2:00 PM
Dear Shareholder:
You are invited to attend the Annual Meeting of the Shareholders of The
Hartcourt Companies, Inc. (the "Company"), which will be held on Friday, July
20, 2001, at 2:00 PM local time at the Courtyard by Marriott hotel, located at
6161 W. Century Blvd., Los Angeles, CA 90045 for the following purposes:
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 Weinberg & Co, PA as the Company`s independent
public accountants for the fiscal year ending December 31, 2001.
3. To increase the authorized share capital to 250,000,000 shares of common
stock.
4. To transact such other business as may properly come before the meeting.
Shareholders of record at the close of business on June 11, 2001 are
entitled to notice of, and to vote at, this meeting and any adjournment thereof.
By order of the Board of Directors,
Chairman
Los Angeles, California
June 4, 2001
1
THE HARTCOURT COMPANIES, INC.
9800 South Sepulveda Blvd., Suite 818
Los Angeles, CA 90045
PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS
The accompanying proxy is solicited by the Board of Directors of The
Hartcourt Companies, Inc., a Utah corporation (the "Company"), for use at the
Annual Meeting of Shareholders to be held on Friday, July 20, 2001 at 2:00 PM
local time, or any adjournment thereof, for the purposes set forth in the
accompanying Notice of Annual Meeting. This meeting will be held at the
Courtyard by Marriott hotel, located at 6161 W. Century Blvd., Los Angeles, CA
90045. The date of this Proxy Statement is June 4th, 2001, the approximate date
on which this Proxy Statement and the accompanying form of proxy were first sent
or given to shareholders.
GENERAL
Annual Report.
An annual report, filed on form 10K-SB, for the fiscal year ended December
31, 2000, is enclosed with this Proxy Statement.
Voting Securities.
Only shareholders of record as of the close of business on June 11, 2001
will be entitled to vote at the meeting and any adjournment thereof. As of that
date, there were 72,452,248 shares of Common Stock of the Company, issued and
outstanding. Shareholders may vote in person or in 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. The Company`s bylaws provide that a
majority of all the shares of the stock entitled to vote, whether present in
person or represented by proxy, shall constitute a quorum for the transaction of
business at the meeting. The nominees for director receiving a majority of votes
cast at the meeting will be elected.
Solicitation of proxies
The cost of soliciting proxies will be borne by the Company. The Company
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 the Company registered in the names of
such persons and will reimburse them for their reasonable, out-of-pocket costs.
In addition, the Company may use the services of its officers, directors, and
others to solicit proxies, personally or by telephone, without additional
compensation.
2
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 matter 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. A
shareholder giving a proxy has the power to revoke his or her proxy, at any time
prior to the time it is voted, by delivery to the Secretary of the Company of a
written instrument revoking the proxy or a duly executed proxy with a later
date, or by attending the meeting and voting in person.
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 S. Sepulveda Blvd., Suite
818, Los Angeles, California 90045;
2. Filing with our Secretary at our principal executive office located at
9800 S. 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 intended to be presented at the next Annual
Shareholder`s Meeting must be received by the Company, at its offices at, 9800
S. Sepulveda Blvd., Suited #818, Los Angeles, California 90048 not later than
June 15th, 2001. Proposals of shareholders must satisfy the conditions
established by the Securities and Exchange Commission for shareholder proposals
to be included in the Company`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.
3
PROPOSAL NO. 1
ELECTION OF DIRECTORS
The Company`s Board of Directors currently consists of five (5) authorized
directors. Until December 31, 2010, three of the five directors will be
elected to the Board pursuant to the rights held by the holder of the Original
Preferred Stock to elect 3/5th of the directors. The nominees for election are
Dr. Alan V. Phan, Manu Ohri, Stephen Tang, Jimmy Lui Wing Yiu and Dr. Charlie
Yang, each one of them have been nominated by the management for election at
the Annual Meeting of Shareholders. If elected, each nominee will serve as a
director until the Company`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
Directors Names Age Position Since
-------------------------- --- -------------------------------- -----
Dr. Alan V. Phan 55 Chairman of the Board, Chief
Executive Officer and President 1993
Manu Ohri 45 Director, Chief Financial
Officer and Secretary 1999
Stephen Tang (1) 55 Director 2001
Jimmy Lui Wing Yiu (1) 54 Director 2001
Dr. Charlie Yang (1) 42 Director 2001
(1) Denotes director to be elected by Original Preferred Stock
Dr. Alan V. Phan is the founder of Hartcourt and has been Chairman,
President and Chief Executive Officer since November 1993. He is also the
founder of Harcourt 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, which is 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 in1975.
4
Mr. Manu Ohri, Executive Vice President of Finance, Chief Financial
Officer, Secretary and Director since December 1999, has over 19 years of
diversified business management and operations experience in public and private
companies. In addition to serving as the Chief Financial Officer of Hartcourt,
Mr. Ohri currently 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.
Mr. Stephen Tang is the founder of Financial Telecom Limited and has been
involved in the development and implementation of consumer technologies for over
20 years. From 1985 to present, Mr. Tang held the position of Chief Executive
Officer. Mr. Tang`s contributions include development of new and innovative
products and creation of strategic alliances in China, Taiwan, Korea and USA.
Mr. Tang holds a degree in Business Administration from AIM-Asia Institute of
Management in Manila.
Mr. Jimmy Lui is presently the Chairman, Chief Executive Officer and
founder of Crown Star Consultant Limited, a Hong Kong based consulting firm
engaged in the business of management consultancy. From January 1998 to December
1999, Mr. Lui was the General Manager-group corporate relations of China CLP
Holdings Limited. From October 1993 to January 1998, Mr. Lui was the General
Manager of distribution and customer services of China Light & Power Company
Limited. From 1991 to 1993, Mr. Lui worked as Vice President and Chief Financial
Officer of Utility Consulting International Limited in the US. In 1991, Mr. Lui
was the Cellnet Field Operations and Planning Manager of Domestic Automation
Company in the US. Prior to joining Domestic Automation Company, Mr. Lui has
worked over 22 years with China Light & Power Company Limited in Hong Kong. Mr.
Lui holds a Masters degree in Business Administration from the Chinese
University of Hong Kong, and a Bachelor of Science degree in Electrical
Engineering from the University of Hong Kong. Mr. Lui is a registered
Professional Engineer in the US, a Chartered Engineer in the United Kingdom and
a fellow member of the Hong Kong Institute of Engineers.
Dr. Charlie Yang was the President and Chief Executive Officer of a leading
wireless access company in Beijing Xinwei Telecom Limited, joint venture owned
and invested in by the Chinese Ministry of Information Industry and W.I. Harper
Group prior to joining Hartcourt in May 2000. From 1998 to 1999, Dr. Yang served
as the President and Chief Telecom Research Analyst of TelecomResearch.com, a
leading online resource serving wireless industry. From 1995 to 1998, Dr. Yang
served as senior product manager at Hughes Network Systems Inc. From 1993 to
1995, Dr. Yang served as a senior product/business planner with Northern Telecom
Limited in the area of next generation of product development. Dr. Yang obtained
his Ph.D and Masters in Science degrees in Wireless Telecommunications at the
University of Victoria in Canada. Dr. Yang obtained his Bachelors degree in
Electrical Engineering at the University of Science and Technology of China.
5
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, 2000, the Board held eight (8) meetings.
Messers. Phan and Ohri attended 100% of the meetings and the other present
members attended all of the meetings since attaining their directorships.
The Company has no Compensation or Nominating Committees.
Options Committee
The Options Committee`s function is to review, make recommendations, maintain
and implement those option grants of options promulgated by it and approved by
the Board of Directors. Directors Phan and Ohri comprise the membership of this
committee.
Audit Committee
The Audit Committee`s function is to review with the Company`s independent
public accountants and management the annual financial statements and
independent public accountants` opinion. Its responsibilities include reviewing
the scope and results of the examination of the Company`s financial statements
by the independent public accountants, approving all professional services
performed by the 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 the Company`s accounting
policies, internal accounting and financial controls. The members of the Audit
Committee are Messrs. Ohri, Silva and Yang. During the year ended December 31,
2000, the Audit Committee held one meeting to ratify the appointment of
Company`s independent accountants.
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 Exchange Act of 1934 requires the Company`s
executive officers, directors and persons who beneficially own more than 5% of
the Company`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 the Company with copies of
all Section 16(a) forms filed by such persons.
Based solely on the Company`s review of such forms furnished to the Company
and written representation from certain reporting persons, the Company believes
that all filing requirements applicable to the Company`s executive officers,
directors and more than 5% shareholders were in compliance.
6
Security Ownership of Certain Beneficial Owners and Management
The following table sets forth information as of December 31, 2000 with
respect to persons 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 |Percent|
| | Beneficial Owner | Beneficial Ownership(1)| |
|--------------|------------------------------ ------------------------ -------|
|Common stock | Dr. Alan V. Phan | 8,804,109 (2) | 13.5% |
| | 9800 S. Sepulveda, Suite 818 | | |
| | Los Angeles CA 90045 | | |
|--------------|------------------------------|------------------------|-------|
|--------------|------------------------------|------------------------|-------|
|Original | Dr. Alan V. Phan | 1,000 (2) | 100% |
|Preferred | 9800 S. Sepulveda, Suite 818 | | |
|stock | Los Angeles, CA 90045 | | |
|--------------|------------------------------|------------------------|-------|
|--------------|------------------------------|------------------------|-------|
|Common stock | CEDE & Co. | 42,449,928 (3) | 64.4% |
| | 55 Water Street 2SL | | |
| | New York, NY 10041 | | |
|--------------|------------------------------|------------------------|-------|
|--------------|------------------------------|------------------------|-------|
|Common stock | Financial Telecom Limited | 3,509,104 (4) | 5.3% |
| | The Center, Suite 2705 | | |
| | 99 Queen`s Road Central, | | |
| | Hong Kong | | |
|--------------|------------------------------|------------------------|-------|
|--------------|------------------------------|------------------------|-------|
| | All Officers and Directors as| 8,878,988 | |
| | a 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 used by stock brokerage companies
to hold "Street name" shares.
(4) Represents Hartcourt shares issued in connection with the purchase of FTL.
7
EXECUTIVE COMPENSATION AND OTHER MATTERS
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, 2000, 1999 and 1998 to the
person serving as the Company`s Chief Executive Officer:
Name and Principal Position Fiscal Year Annual Salary
--------------------------------------------- ----------- -------------
Dr. Alan V. Phan, Chief Executive Officer 2000 $1
1999 $3,379,788
1998 $200,000
The Company 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. During the year 2000, Dr. Phan agreed to receive $1
salary as his compensation for the year ended December 31, 2000. Dr. Phan
received 100% of his salary in shares of common stock of Hartcourt during the
last two fiscal years. Hartcourt issued restricted common shares to Dr. Phan in
the amounts of 1,600,284 shares and 213,333 shares for the years ended December
31, 1999 and 1998, respectively.
On April 12, 2000, Hartcourt entered into an employment agreement with
Charlie Yang, Chief Executive Officer, for a term of three years of employment
starting May 1, 2000. During the first year ending April 30, 2001, the agreement
provides for an annual salary of $168,000 in cash plus an option to purchase
50,000 shares of Hartcourt common stock at the market price of May 1, 2000
exercisable within twenty-four (24) months of its grant. In the second and third
year, the annual salary increases to $180,000 and $200,000 plus the option to
purchase shares increases to 100,000 and 150,000 shares of common stock of
Hartcourt as of May 1, 2001 and May 1, 2002, exercisable within twenty-four
months of its grant. During 2000, Mr. Yang received $112,000 in salary and has
not exercised his options to purchase 50,000 shares of Hartcourt common stock as
of May 26, 2001.
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
8
Hartcourt. Vested options lapse one year after the death or disability of an
option holder. As of May 26, 2001, options to purchase 470,000 shares of common
stock were outstanding under the plan at exercise prices ranging from $1.00 to
$7.16 per share.
Stock Option Plan
In April 1995, the Company adopted a stock option plan (the Plan) to
attract and retain qualified persons for positions of substantial responsibility
as officers, directors, consultants, legal counsel, and other positions of
significance to the Company. The Plan provides for the issuance of both
Incentive Stock Options and Non-Qualified Stock Options. The Plan, which is
administered by the Board of Directors, provides for the issuance of a maximum
of 2,000,000 options to purchase shares of common stock at the market price
thereof on the date of grant. Such options are generally exercisable over a
10-year period from the date of grant. Each option lapses 90 days after the
optionee has terminated his continuous activity with the Company, except that if
his continuous activity with the Company terminates by reason of his death, such
option of the deceased optionee may be exercised within one year after the death
of such optionee. Options granted under the Plan are restricted as to sale or
transfer. All options were granted at not less than fair value at the date of
grant and have terms of 10 years.
The following table summarizes the activity in the plan:
Weighted
Number of Average
Exercise
Shares Price
---------------- ---------------
Shares under option at January 1, 1999 400,000 $ 1.00
Granted 2,000,000 1.265
Exercised (2,000,000) 1.265
Canceled - -
---------------- ---------------
Shares under option at December 31, 1999 400,000 $ 1.00
Granted 70,000 6.76
Exercised - -
Canceled - -
---------------- ---------------
Shares under option at December 31, 2000 470,000 $ 1.86
---------------- ---------------
All stock options issued to employees have an exercise price not less than
the fair market value of the Company`s common stock on the date of grant, and in
accordance with the accounting for such options utilizing the intrinsic value
method there is no related compensation expense recorded in the Company`s
financial statements. Had compensation cost for stock-based compensation been
determined based on the fair value at the grant dates in accordance with the
method delineated in Statement of Accounting standards No. 123, the Company`s
9
net loss and loss per share for the year ended December 31, 2000 and 1999, would
not have been increased.
Additional information relating to stock options outstanding and
exercisable at December 31, 2000 summarized by exercise price are as follows:
Outstanding Exercisable
Exercise Price Weighted Average Weighted Average
---------------------------- -----------------------
Per Share Shares Life (Years) Exercise Price Shares Exercise Price
-------------- ------- ------------ -------------- ------- --------------
$1.00 to $7.16 470,000 1 to 7.5 $1.86 470,000 $1.86
In connection with a Fee Agreement for Introduction Services with Tang Wai
Leong and Thomas Kwok, (collectively referred to as the "Introducers"),
Hartcourt agreed to grant to the Introducers options to purchase up to 2,500,000
shares of Hartcourt common stock at a price of $5.50 per share. The options were
issued at the fair market value on the date of issuance and therefore, no
expense was recorded. On May 4, 2000, the Introducers exercised their option to
acquire 2,500,000 shares of Hartcourt common stock. As of December 31, 2000,
Hartcourt received $2,220,000 towards the exercise price of 2,500,000 options
into shares exercised by the Introducers. The remaining balance of $11,000,000
is recorded as subscriptions receivable at December 31, 2000 in the accompanying
financial statements.
In connection with providing consulting services, on July 21, 2000,
Hartcourt granted to Anarjay Concepts, Inc. options to purchase 20,000 shares of
Hartcourt stock at a price of $5.75 per share. The options expire on July 20,
2001. The options were issued at the fair market value on the date of issuance
and, therefore, no expense was recorded.
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 the 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 the Company. The value of the underlying common stock on the date of grant
was $1.625. The stock options are exercisable over ten (10) years.
In the event the Company enters into an agreement which significantly
changes the ownership, or an agreement to dispose of the majority of the
Company`s assets or stock of the company, 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
Each Director currently serving now on the Board received $12,000 dollars
worth of shares of the Company`s Restricted Common Stock starting January 1,
2000 for attendance at a minimum of four Board meetings per quarter.
10
PROPOSAL 2
APPOINTMENT OF INDEPENDENT ACCOUNTANTS
The Board of Directors of the Company has selected Weinberg & Co, PA, as
our independent accountants for the fiscal year ended December 31, 2001. The
Board of Directors is submitting its selection of independent auditors for
ratification by the shareholders at the Annual Meeting. A representative of
Weinberg & Co, PA will be present at the Annual Meeting with the opportunity to
make a statement if the representative desires to do so, and will be available
to respond to appropriate questions.
The affirmative vote of a majority of votes cast at the Annual Meeting of
Shareholders, at which a quorum representing a majority of all outstanding
shares of Common Stock of the Company is present and voting, either in person or
by proxy, is required for approval of this proposal. Neither abstentions nor
broker non-votes shall have any effect on the outcome of this vote.
THE BOARD OF DIRECTORS UNANIMOUSLY
RECOMMENDS A VOTE IN FAVOR OF PROPOSAL 2.
PROPOSAL 3
TO INCREASE THE COMPANY`S AUTHORIZED SHARES
TO 250,000,000 SHARES
We are asking the Company`s stockholders to approve an amendment to the
Company`s articles of incorporation that will increase the number of shares of
common stock authorized for issuance from 100,000,000 to 250,000,000.
The Company believes that this amendment to increase the number of shares
of common stock authorized for issuance is necessary to ensure that a sufficient
reserve of common shares is available for use by the Company in such areas as
raising capital and in the acquisition of other companies and assets. Pursuant
to the laws of the State of Utah and the Company`s designation in its articles
of incorporation, the Company`s shareholders will not have any preemptive rights
to acquire the additional unauthorized shares if the requested increase is
approved.
The affirmative vote of a majority of votes cast at the Annual Meeting of
Shareholders, at which a quorum representing a majority of all outstanding
shares of Common Stock of the Company is present and voting, either in person or
by proxy, is required for approval of this proposal. Neither abstentions nor
broker non-votes shall have any effect on the outcome of this vote.
THE BOARD OF DIRECTORS UNANIMOUSLY
RECOMMENDS A VOTE IN FAVOR OF PROPOSAL 3.
11
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 others will present, is as set forth
above. If any other matters are properly brought before the 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/Manu Ohri
June 4, 2001 Manu Ohri
Secretary
12
Proxy Card
THE HARTCOURT COMPANIES, INC.
PROXY FOR ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON FRIDAY, JULY 20, 2001 AT 2:00 PM AT THE COURTYARD BY MARRIOTT
HOTEL LOCATED AT 6161 W. CENTURY BLVD., LOS ANGELES,
CALIFORNIA 90045
The undersigned hereby appoints Dr. Alan V. Phan and Manu Ohri, 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 matters that may properly come before the Company`s Annual
Meeting of Shareholders to be held on Friday, July 20, 2001, 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, (ii) the ratification of the
appointment of the independent auditors, and (iii) increase the authorized share
capital to 250,000,000 shares of common stock.
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 MANU OHRI 03 STEPHEN TANG 04 JIMMY LUI 05 CHARLIE YANG
_ _
|_| For all the 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:
-----------------------------------------
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.
3. INCREASE THE AUTHORIZED SHARE CAPITAL TO 250,000,000 SHARES OF COMMON STOCK.
_ _ _
|_| FOR |_| AGAINST |_| ABSTAIN
_
I PLAN TO ATTEND HARTCOURT`S 2001 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 ILL BE VOTED FOR
PROPOSALS 1, 2 AND 3.
13
Dated:_____________________________, 2001
----------------------------------------
Signature
----------------------------------------
Signature
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.
14
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Hallo Arzgebigler,
die zwei Insidervertrades die du ansprichst,
sind wohl 2-3 Tage später ausgeführt worden
(bei üblichem Vorgehen),tragen aber leider
auch jetzt noch zum schwachen Kurs bei,
denn wie du aus dem SEC filing DEF 14 unter
Position 6 lesen kannst beträgt die free float
inzwischen über 40 millionen shares was den Kurs
natürlich drückt.
Gruss + Go HRCT
die zwei Insidervertrades die du ansprichst,
sind wohl 2-3 Tage später ausgeführt worden
(bei üblichem Vorgehen),tragen aber leider
auch jetzt noch zum schwachen Kurs bei,
denn wie du aus dem SEC filing DEF 14 unter
Position 6 lesen kannst beträgt die free float
inzwischen über 40 millionen shares was den Kurs
natürlich drückt.
Gruss + Go HRCT
aus SEC filing DEF...
?? To increase the authorized share capital to 250,000,000 shares of
common stock.
...
As of that date, there were 72,452,248 shares of Common Stock of them
Company, issued and outstanding.
Wie das, mit Splitt 3,45:1 oder was??
gefällt mir garnicht
?? To increase the authorized share capital to 250,000,000 shares of
common stock.
...
As of that date, there were 72,452,248 shares of Common Stock of them
Company, issued and outstanding.
Wie das, mit Splitt 3,45:1 oder was??
gefällt mir garnicht
TO INCREASE THE COMPANY`S AUTHORIZED SHARES
TO 250,000,000 SHARES
Oh mein Gott. Was soll das? Mir machts ein wenig Angst, wenn ich ehrlich sein soll.
Pitcan -> Panik & Franz meldet euch mal
TO 250,000,000 SHARES
Oh mein Gott. Was soll das? Mir machts ein wenig Angst, wenn ich ehrlich sein soll.
Pitcan -> Panik & Franz meldet euch mal
Ist doch das alte Spiel, was regt Ihr Euch auf?
Der Kurs dürfte dementsprechend bald bei ca 0,20 € stehen.
Was natürlich immer noch absolut überbewertet ist...
Viel Spaß noch auf dem Weg zu neuen Ufern.
Grüße
Georgina
Der Kurs dürfte dementsprechend bald bei ca 0,20 € stehen.
Was natürlich immer noch absolut überbewertet ist...
Viel Spaß noch auf dem Weg zu neuen Ufern.
Grüße
Georgina
Georgina ist entweder schadenfroh, oder will mal wieder mit HRCT Zocken - das alte Spiel halt. Sag mal hast Du nichts zu tun? Such Dir mal eine ehrenamtliche Taetigkeit fuer die Zeit, die Du seit 1999 hier im Board vergeudet hast - dadurch wird zumindest Gutes getan.
Hallo logo,
diesmal ehrenamtlich unterwegs in Sachen HRCT?
Du hast immer noch nicht die Frage berantwortet,ob Du rausgeflogen bist oder selbst gekündigt hast.
Daß Du Dich traust hier noch mal aufzutauchen...
Wenn ich HRCT-Aktien hätte, wäre ich jetzt maßlos sauer!
Tue doch mal was Gutes und erkläre der ratlosen Gemeinde warum es unglaublich gut ist, daß sich die Zahl der Anteile auf die sich der Wert des "Unternehmens" bezieht mehr als verdoppeln soll.
Du warst, bist und bleibst wohl ein Schwätzer.
Georgina
diesmal ehrenamtlich unterwegs in Sachen HRCT?
Du hast immer noch nicht die Frage berantwortet,ob Du rausgeflogen bist oder selbst gekündigt hast.
Daß Du Dich traust hier noch mal aufzutauchen...
Wenn ich HRCT-Aktien hätte, wäre ich jetzt maßlos sauer!
Tue doch mal was Gutes und erkläre der ratlosen Gemeinde warum es unglaublich gut ist, daß sich die Zahl der Anteile auf die sich der Wert des "Unternehmens" bezieht mehr als verdoppeln soll.
Du warst, bist und bleibst wohl ein Schwätzer.
Georgina
Yahoo!China and Sinobull, a Hartcourt Company, Launch New `Stock Forum` Program
LOS ANGELES, June 20 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, today announced that Sinobull Financial Group and Yahoo!China will jointly develop and offer to Chinese Internet users a ``Stock Forum`` which will feature nationally- syndicated market commentators and stock analysts.
Users are welcome to log in to the sites of Yahoo!China and Sinobull.com to exchange ideas and opinions on the stock market and current financial news with these experts. The sessions will be held every Tuesday from 9am to 12pm.
The Sinobull Financial Group recently announced the signing of an agreement to form a strategic partnership alliance with Equis International, a wholly owned subsidiary of Reuters Group. This alliance will jointly develop and implement a plan to localize Equis` award winning MetaStock family of products and market them to investors in Greater China (China, Hong Kong, Macau, Taiwan).
The two parties have planned to expand this alliance into additional future commercial and licensing contracts to optimize the marketing network and the technical capability of Sinobull Group in Greater China. Equis International has also obtained the option right to convert funds received from the sale of products into common shares or private placement equity ownership of Sinobull Financial Group.
Mr. Jiang Tai, President of Sinobull Information Ltd, said, ``We always look for new ideas and programs to offer to our Web site users. This forum is just one of the series of innovative formats to bring exciting and interesting contents to our customers. Sinobull.com is doing its best to maintain its position as the most-popular financial portal of China Internet.``
About The Sinobull Financial Group
Sinobull Financial Group is a financial data provider and technology developer and the owner of the popular financial portal, Sinobull.com. Together with all subsidiaries and affiliates of Sinobull Financial Group, Hartcourt and its strategic partners are providing news, data and analysis to the business community and media outlets; real-time pricing, historical pricing, indicative data, analytics and electronic communications. Existing and potential clients include; China`s investment institutions, commercial banks, government offices and agencies, corporations, and news/media organizations.
About Hartcourt
The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt`s operative business strategy is designed to facilitate a series of venture spin-offs via IPO or public merger to fully realize the value of these assets for its investors.
Certain statements in this news release 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 achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
SOURCE: The Hartcourt Companies, Inc.
Gruß panik
LOS ANGELES, June 20 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, today announced that Sinobull Financial Group and Yahoo!China will jointly develop and offer to Chinese Internet users a ``Stock Forum`` which will feature nationally- syndicated market commentators and stock analysts.
Users are welcome to log in to the sites of Yahoo!China and Sinobull.com to exchange ideas and opinions on the stock market and current financial news with these experts. The sessions will be held every Tuesday from 9am to 12pm.
The Sinobull Financial Group recently announced the signing of an agreement to form a strategic partnership alliance with Equis International, a wholly owned subsidiary of Reuters Group. This alliance will jointly develop and implement a plan to localize Equis` award winning MetaStock family of products and market them to investors in Greater China (China, Hong Kong, Macau, Taiwan).
The two parties have planned to expand this alliance into additional future commercial and licensing contracts to optimize the marketing network and the technical capability of Sinobull Group in Greater China. Equis International has also obtained the option right to convert funds received from the sale of products into common shares or private placement equity ownership of Sinobull Financial Group.
Mr. Jiang Tai, President of Sinobull Information Ltd, said, ``We always look for new ideas and programs to offer to our Web site users. This forum is just one of the series of innovative formats to bring exciting and interesting contents to our customers. Sinobull.com is doing its best to maintain its position as the most-popular financial portal of China Internet.``
About The Sinobull Financial Group
Sinobull Financial Group is a financial data provider and technology developer and the owner of the popular financial portal, Sinobull.com. Together with all subsidiaries and affiliates of Sinobull Financial Group, Hartcourt and its strategic partners are providing news, data and analysis to the business community and media outlets; real-time pricing, historical pricing, indicative data, analytics and electronic communications. Existing and potential clients include; China`s investment institutions, commercial banks, government offices and agencies, corporations, and news/media organizations.
About Hartcourt
The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt`s operative business strategy is designed to facilitate a series of venture spin-offs via IPO or public merger to fully realize the value of these assets for its investors.
Certain statements in this news release 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 achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
SOURCE: The Hartcourt Companies, Inc.
Gruß panik
tja,nachrichten und was passiert
-12%
unfassbar
-12%
unfassbar
hihi aber schon wieder + 1,28 %
so schnell kann es gehen. Eventuell doch Zusammenarbeit zwischen Cisco und Hartcourt?
we´ll see
adeu
so schnell kann es gehen. Eventuell doch Zusammenarbeit zwischen Cisco und Hartcourt?
we´ll see
adeu
Es ist doch immer wieder das gleiche:
Wenn´s gut läuft sind alle Basher im Garten und suchen Unkraut; und wenn´s schlecht läuft kommen alle aus ihren Löchern gekrochen
Wie schon einmal bemerkt hat Georgina keine Freunde; sonst würde sie sich nicht die Mühe machen hier ständig zu posten
Ist dir (Georgina) eigentlich aufgefallen, daß es dir hier keiner dankt ?? Kein "armer" Aktionär der sich für deine zahlreichen Warnungen bedankt hat ???
Sozusagen ein Wachhund ohne Herde. Dein Bellen hört keiner (oder hat die letzten Schafe erst Recht vertrieben).
Wenn´s gut läuft sind alle Basher im Garten und suchen Unkraut; und wenn´s schlecht läuft kommen alle aus ihren Löchern gekrochen
Wie schon einmal bemerkt hat Georgina keine Freunde; sonst würde sie sich nicht die Mühe machen hier ständig zu posten
Ist dir (Georgina) eigentlich aufgefallen, daß es dir hier keiner dankt ?? Kein "armer" Aktionär der sich für deine zahlreichen Warnungen bedankt hat ???
Sozusagen ein Wachhund ohne Herde. Dein Bellen hört keiner (oder hat die letzten Schafe erst Recht vertrieben).
@Franz der zweite
Alle die hier Posten haben in irgend einer weise interesse an Hartcourt,aber Fakt ist halt das es für die Altaktionäre sehr schlecht ausscchaut durch die Verwässerung.
Für Neueinsteiger könnten sich vielleicht nochmal Einstiegsmöglichkeiten ergeben wenn es sich erweist das SA und SB so gut sind wie es immer gesagt wurde,ich denke da bei 10 cent kaufen und bei 30 verkaufen,ein schneller Zock und servus.
Good Luck!!!
Alle die hier Posten haben in irgend einer weise interesse an Hartcourt,aber Fakt ist halt das es für die Altaktionäre sehr schlecht ausscchaut durch die Verwässerung.
Für Neueinsteiger könnten sich vielleicht nochmal Einstiegsmöglichkeiten ergeben wenn es sich erweist das SA und SB so gut sind wie es immer gesagt wurde,ich denke da bei 10 cent kaufen und bei 30 verkaufen,ein schneller Zock und servus.
Good Luck!!!
Ein schneller Zock, das ist in der Tat das was diejenigen umtreibt die immer dann auftauchen wenn sich eine Trading Gelegenheit ergibt.
FranzFinanz macht zumindest aus seinen Zock Absichten keinen Hehl.
Um mal in FranzBeckenbauers` Bild zu bleiben. Georgina ist wie ein Wolf im Schafspelz, der aber dauernd wie ein Wolf jault, um sich ja nicht zu verraten....
Woelfe jagen meist im Rudel und Schafe bilden deswegen eine (Meinungs)-Herde.
Im Endeffekt werden aber Woelfe geschossen und Schafe geschoren - und irgendjemand spinnt immer daraus sein Garn.
Empfehlung: Schaefer bleiben
FranzFinanz macht zumindest aus seinen Zock Absichten keinen Hehl.
Um mal in FranzBeckenbauers` Bild zu bleiben. Georgina ist wie ein Wolf im Schafspelz, der aber dauernd wie ein Wolf jault, um sich ja nicht zu verraten....
Woelfe jagen meist im Rudel und Schafe bilden deswegen eine (Meinungs)-Herde.
Im Endeffekt werden aber Woelfe geschossen und Schafe geschoren - und irgendjemand spinnt immer daraus sein Garn.
Empfehlung: Schaefer bleiben
EU und China in wichtigen Handelsfragen einig - Aufnahme Chinas in WTO möglich
BRÜSSEL (dpa-AFX) - Die EU und China haben sich in wesentlichen Handelsfragen geeinigt. Damit steht einer Aufnahme Chinas in die Welthandelsorganisation WTO aus Sicht der EU nichts mehr im Weg. Dies teilte die EU-Kommission nach zweitägigen Verhandlungen in Brüssel mit.
China bewirbt sich seit 14 Jahren um einen Beitritt zur WTO. Während sich die USA und Europa sorgen, von chinesischen Billigwaren überschwemmt zu werden, bangt Peking vor allem um die Konkurrenzfähigkeit seiner vielfach
noch staatlichen Betriebe./ASU/aka/
20.06. - 20:42 Uhr
Moneymonster
BRÜSSEL (dpa-AFX) - Die EU und China haben sich in wesentlichen Handelsfragen geeinigt. Damit steht einer Aufnahme Chinas in die Welthandelsorganisation WTO aus Sicht der EU nichts mehr im Weg. Dies teilte die EU-Kommission nach zweitägigen Verhandlungen in Brüssel mit.
China bewirbt sich seit 14 Jahren um einen Beitritt zur WTO. Während sich die USA und Europa sorgen, von chinesischen Billigwaren überschwemmt zu werden, bangt Peking vor allem um die Konkurrenzfähigkeit seiner vielfach
noch staatlichen Betriebe./ASU/aka/
20.06. - 20:42 Uhr
Moneymonster
Thursday June 21, 3:22 am Eastern Time
China`s drive to join WTO picks up speed
By Bill Savadove
BEIJING, June 21 (Reuters) - Beijing`s deal with the European Union clears a critical hurdle in China`s 15-year quest to join the World Trade Organisation and puts entry this year within reach, officials and analysts said on Thursday.
ADVERTISEMENT
``We welcome reaching consensus with the European Union,`` said a Foreign Trade Ministry official said. ``This creates an important condition for China to join the WTO.``
Analysts said China could join the world trade body this year but it would be a close race given the complexity of finishing the key document needed for entry.
Following two days of talks in Brussels, the EU said on Wednesday it had resolved outstanding bilateral issues with China over entry to the WTO, but gave no details.
The announcement followed an agreement with United States earlier this month on agricultural subsidies and other thorny issues which had held up China`s entry.
High-level multilateral talks are scheduled for June 28 to July 4 in Geneva as WTO members push to bring China into the body before November, when the WTO might launch a new global trade round.
China`s top trade negotiator Long Yongtu said on Wednesday that work on the ``accession protocol`` for entry began last year but the lengthy document needed to be ``fair and balanced``.
Whether China could join before November would depend on WTO members, he said.
``There are still a few months,`` Long told reporters on the sidelines of an economic seminar. ``It depends on WTO members.``
COMPLIANCE WORRIES
China has yet to reach a bilateral agreement with just one country, Mexico, but Long said more talks were planned and Mexico has said it will not block Beijing`s entry.
Still, drafting the accession protocol could take three to six months, leaving a narrow window of opportunity for China to join this year, analysts say.
``We think it will be the fourth quarter of this year,`` said Yiping Huang, vice president for Asia Pacific Economic and Market Analysis for Salomon Smith Barney.
Deputy director of the State Statistical Bureau Qiu Xiaohua said China needed WTO entry to boost foreign investment needed to help support the economy as its export growth faltered amid the global slowdown.
``We forecast that if problems with WTO entry are resolved by the end of this year, there will be a new surge in foreign investment,`` he told a seminar.
China`s actual foreign direct investment rose nearly 18 percent year on year in the first five months to $15.06 billion, while contracted foreign investment surged a year-on-year 42.29 percent in the period to $25.97 billion ahead of WTO entry.
Many foreign business executives still worry about China`s compliance with WTO rules after entry, given the size of the country and local protectionism.
``China is serious about its WTO commitments,`` said Timothy Stratford, president of the American Chamber of Commerce in Beijing and vice chairman of U.S. auto giant General Motors (NYSE:GM - news) in China.
But he added: ``Implementation is a process.``
Stratford pointed to several possible problems, ranging from aggressive use of loopholes and blatant disregard of WTO rules to failure to meet obligations despite strong efforts to do so.
China`s drive to join WTO picks up speed
By Bill Savadove
BEIJING, June 21 (Reuters) - Beijing`s deal with the European Union clears a critical hurdle in China`s 15-year quest to join the World Trade Organisation and puts entry this year within reach, officials and analysts said on Thursday.
ADVERTISEMENT
``We welcome reaching consensus with the European Union,`` said a Foreign Trade Ministry official said. ``This creates an important condition for China to join the WTO.``
Analysts said China could join the world trade body this year but it would be a close race given the complexity of finishing the key document needed for entry.
Following two days of talks in Brussels, the EU said on Wednesday it had resolved outstanding bilateral issues with China over entry to the WTO, but gave no details.
The announcement followed an agreement with United States earlier this month on agricultural subsidies and other thorny issues which had held up China`s entry.
High-level multilateral talks are scheduled for June 28 to July 4 in Geneva as WTO members push to bring China into the body before November, when the WTO might launch a new global trade round.
China`s top trade negotiator Long Yongtu said on Wednesday that work on the ``accession protocol`` for entry began last year but the lengthy document needed to be ``fair and balanced``.
Whether China could join before November would depend on WTO members, he said.
``There are still a few months,`` Long told reporters on the sidelines of an economic seminar. ``It depends on WTO members.``
COMPLIANCE WORRIES
China has yet to reach a bilateral agreement with just one country, Mexico, but Long said more talks were planned and Mexico has said it will not block Beijing`s entry.
Still, drafting the accession protocol could take three to six months, leaving a narrow window of opportunity for China to join this year, analysts say.
``We think it will be the fourth quarter of this year,`` said Yiping Huang, vice president for Asia Pacific Economic and Market Analysis for Salomon Smith Barney.
Deputy director of the State Statistical Bureau Qiu Xiaohua said China needed WTO entry to boost foreign investment needed to help support the economy as its export growth faltered amid the global slowdown.
``We forecast that if problems with WTO entry are resolved by the end of this year, there will be a new surge in foreign investment,`` he told a seminar.
China`s actual foreign direct investment rose nearly 18 percent year on year in the first five months to $15.06 billion, while contracted foreign investment surged a year-on-year 42.29 percent in the period to $25.97 billion ahead of WTO entry.
Many foreign business executives still worry about China`s compliance with WTO rules after entry, given the size of the country and local protectionism.
``China is serious about its WTO commitments,`` said Timothy Stratford, president of the American Chamber of Commerce in Beijing and vice chairman of U.S. auto giant General Motors (NYSE:GM - news) in China.
But he added: ``Implementation is a process.``
Stratford pointed to several possible problems, ranging from aggressive use of loopholes and blatant disregard of WTO rules to failure to meet obligations despite strong efforts to do so.
HRCT ist ein Zock, alles andere ist Träumerei...
mfg
mfg
@Buster und eigentlich allen
meiner Meinung nach stimmt das nicht.
ja, sehr volatil
aber welch ein Zukunft
Ich glaube das HRCT sich sehr in China profilieren und sich weiter entwickeln wird. Es wird so sein das nach WTO beitritt (und auch jetzt schon), China ein ungeheures Potenzial aufweisen wird. Denke nur schon an die sehr billigen exporte, die das Land ein immensen Kapitalzufluss geben wird. Jeder wird anspruchsvoller, wenn du Chinesen kennst weisst du wie technikbegeistert die sind. Alle wollen ein Computer haben wollen, alle wollen mit Stocks dealen wollen und alle brauchen die voraussetzungen die wir schon haben und noch erweitert sehen wollen.
Ich glaube an grosse Gewinne in China aktien. Ob es jetzt HRTC ist oder was dann auch. Mann sollte sich aber losreissen können von Gefühle einen Stock gegenüber. Wobei ich ein sehr grosses Potenzial in Hrct sehe. Zwar nicht die einzige Firma die sich profilieren wird aber eine von denen die es schaffen werden. HRCT hat nicht nur die Beteiligungen, aber auch die, sicherlich noch wichtigere, Kontakten zur Regierung und deren wichtichsten vertreter.
Was wichtig ist um bekannt zu worden und weiter zu wachsen? Kontaktpersonen die was zu sagen haben.
Das letztens angekuendigte Studienprogramm on the web ist meiner Meinung nach ein Thema was für China wichtig ist (für deren Wachstum, das hat mann erkannt) und dadurch jetzt auch für HRCT. Da ist mehr Umsatz und Gewinn zu machen als mann denkt (schau mal nach USA).
Na ja, ich habe einen sehr ausgeprägte Meinung was alles passieren kann mit China und deren Economy aber das hier ist ja kein Sofa eines Psychologen.
Ich weiss auch das alles nicht in 2 oder 5 Jahren zu schaffen ist (Chinesische Mentalität allein schon) aber ich glaube als Altervorsorge kann ich mir einiges im Depot legen und ab und zu mal kucken wie es läuft. Ich denke in 20 - 30 Jahr kann ich ruhig zurück lehnen. Vorher will ich gar nicht aufhören zu Arbeiten.
Adeu
meiner Meinung nach stimmt das nicht.
ja, sehr volatil
aber welch ein Zukunft
Ich glaube das HRCT sich sehr in China profilieren und sich weiter entwickeln wird. Es wird so sein das nach WTO beitritt (und auch jetzt schon), China ein ungeheures Potenzial aufweisen wird. Denke nur schon an die sehr billigen exporte, die das Land ein immensen Kapitalzufluss geben wird. Jeder wird anspruchsvoller, wenn du Chinesen kennst weisst du wie technikbegeistert die sind. Alle wollen ein Computer haben wollen, alle wollen mit Stocks dealen wollen und alle brauchen die voraussetzungen die wir schon haben und noch erweitert sehen wollen.
Ich glaube an grosse Gewinne in China aktien. Ob es jetzt HRTC ist oder was dann auch. Mann sollte sich aber losreissen können von Gefühle einen Stock gegenüber. Wobei ich ein sehr grosses Potenzial in Hrct sehe. Zwar nicht die einzige Firma die sich profilieren wird aber eine von denen die es schaffen werden. HRCT hat nicht nur die Beteiligungen, aber auch die, sicherlich noch wichtigere, Kontakten zur Regierung und deren wichtichsten vertreter.
Was wichtig ist um bekannt zu worden und weiter zu wachsen? Kontaktpersonen die was zu sagen haben.
Das letztens angekuendigte Studienprogramm on the web ist meiner Meinung nach ein Thema was für China wichtig ist (für deren Wachstum, das hat mann erkannt) und dadurch jetzt auch für HRCT. Da ist mehr Umsatz und Gewinn zu machen als mann denkt (schau mal nach USA).
Na ja, ich habe einen sehr ausgeprägte Meinung was alles passieren kann mit China und deren Economy aber das hier ist ja kein Sofa eines Psychologen.
Ich weiss auch das alles nicht in 2 oder 5 Jahren zu schaffen ist (Chinesische Mentalität allein schon) aber ich glaube als Altervorsorge kann ich mir einiges im Depot legen und ab und zu mal kucken wie es läuft. Ich denke in 20 - 30 Jahr kann ich ruhig zurück lehnen. Vorher will ich gar nicht aufhören zu Arbeiten.
Adeu
@ Lloret
Ich bin positiv überrascht, das hier auchnoch einer normal antworten kann.
DANKE
HRCT´s Aussichten sind m.M. nach eher durchwachsen:
-Cash
-Marktumfeld (vorallem bei nicht profitablen Unt.)
-China an und für sich ist komisch für Langnasen
-dubiose Emails von Phan (vorallem in der Vergangenheit)
-> ist nur meine Meinung, aberich warte trotzdem auf eure typischen Antwirten und Beschimpfungen
mfg
Ich bin positiv überrascht, das hier auchnoch einer normal antworten kann.
DANKE
HRCT´s Aussichten sind m.M. nach eher durchwachsen:
-Cash
-Marktumfeld (vorallem bei nicht profitablen Unt.)
-China an und für sich ist komisch für Langnasen
-dubiose Emails von Phan (vorallem in der Vergangenheit)
-> ist nur meine Meinung, aberich warte trotzdem auf eure typischen Antwirten und Beschimpfungen
mfg
@Buster
Danke dir für deine Gedanken
möchte nur noch was dazu sagen
cash - ja im Moment noch ein Problem, nach die verschiedene IPO´s nicht mehr
marktumfeld - ja im Moment slecht, aber Wachstum ist nicht zu messen,bewerten oder vorallem aufzuhalten
China komisch für Langnasen - ja verstehe ich (wollte erst schreiben, verstehe ich nicht!) aber nach WTO beitritt wird auch das langsam wegfallen, Investiert wurde vorher schon sehr viel, ob durch funds oder private investoren. Ich bin mir sicher, das es zurückkomt und zwar mehr als jeh. (Wachstum markt China ist gewaltig, könnte ich 20 Seiten drüber schreiben)
emails von Phan - euforie!!, ich glaube jeder hat von den letzten 1,5 Jahren gelernt. Er war euforisch wie jeder der sein Aktien kurs von 0,50 auf 18 Euros hochschiessen sieht.
Er hat sicherlich Fehler gemacht (auch mit den emails) aber ich glaube das mann von seinen Fehlern lernen kann. Meiner Meinung nach hat er das auch. Ruhiger und mit mehr Überlegung handelt er jetzt. Ich denke da ist noch viel in der Pipe line.
ist alles nur meiner Meinung
Viel Erfolg
Danke dir für deine Gedanken
möchte nur noch was dazu sagen
cash - ja im Moment noch ein Problem, nach die verschiedene IPO´s nicht mehr
marktumfeld - ja im Moment slecht, aber Wachstum ist nicht zu messen,bewerten oder vorallem aufzuhalten
China komisch für Langnasen - ja verstehe ich (wollte erst schreiben, verstehe ich nicht!) aber nach WTO beitritt wird auch das langsam wegfallen, Investiert wurde vorher schon sehr viel, ob durch funds oder private investoren. Ich bin mir sicher, das es zurückkomt und zwar mehr als jeh. (Wachstum markt China ist gewaltig, könnte ich 20 Seiten drüber schreiben)
emails von Phan - euforie!!, ich glaube jeder hat von den letzten 1,5 Jahren gelernt. Er war euforisch wie jeder der sein Aktien kurs von 0,50 auf 18 Euros hochschiessen sieht.
Er hat sicherlich Fehler gemacht (auch mit den emails) aber ich glaube das mann von seinen Fehlern lernen kann. Meiner Meinung nach hat er das auch. Ruhiger und mit mehr Überlegung handelt er jetzt. Ich denke da ist noch viel in der Pipe line.
ist alles nur meiner Meinung
Viel Erfolg
endlich mal ne sachlich,fachliche unterhaltung
wie heisst es so schön
"endlich normale leute"
grüße
wie heisst es so schön
"endlich normale leute"
grüße
Hallo,
Ein Problem wird sein, das sich das IPO Umfeld für Hightech Unternehmen nicht so schnell bessern wird.
Und die Weltwirtschaft wird leider von immer schlimmeren Nachrichten getroffen. Sollte es schlimmstnfalls zu einer heftigen Rezession in den USA kommen, wäre es mit IPO´s vorerst mal vorbei.
Aber Aktien sind ja immer auch ein Glücksspiel und wer ein hohes Risiko eingeht, kann i.d.R. auch eine Menge gewinnen und leider auch verlieren.
mfg
Ein Problem wird sein, das sich das IPO Umfeld für Hightech Unternehmen nicht so schnell bessern wird.
Und die Weltwirtschaft wird leider von immer schlimmeren Nachrichten getroffen. Sollte es schlimmstnfalls zu einer heftigen Rezession in den USA kommen, wäre es mit IPO´s vorerst mal vorbei.
Aber Aktien sind ja immer auch ein Glücksspiel und wer ein hohes Risiko eingeht, kann i.d.R. auch eine Menge gewinnen und leider auch verlieren.
mfg
Hartcourt Subsidiary ElephantTalk Selected by Liu Chong Hing Bank for IDD Service
LOS ANGELES, June 25 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, today announced that it`s subsidiary, ElephantTalk, has been chosen to provide IDD Service for Liu Chong Hing Bank.
ElephantTalk, one of the leading telecommunications service providers in Hong Kong, announced it is providing IDD service to full branches of Liu Chong Hing Bank (``Liu Chong Hing``; SEHK: 1111), one of the renowned public listed Chinese banks in Hong Kong. The bank at present has more than 40 branches in Hong Kong, PRC China and the United States.
``ElephantTalk has proven its ability in providing quality telecommunications services, which has instilled our confidence that they can handle our business needs,`` said Mr. K S So, Director of Liu Chong Hing Bank. ``For a customer like us, we have great expectations on our IDD service provider. It has to be able to provide us with seamless connections and value-added services to meet our various needs,`` he added.
``We are honored to receive recognition from Liu Chong Hing,`` said Mr. Russelle K P Choi, Chairman of ElephantTalk. ``We aim to deliver to our prestigious customers with reliable connections that will enable them to maintain their mission-critical services and to provide the best quality services their customers expect.``
Under the service agreement, ElephantTalk will provide Liu Chong Hing with a full range of international telecommunications services, such as 1626 & 1673 direct dial, International Membership Card that allow its management to call Hong Kong direct and make third country calls during business trips overseas.
About Hartcourt Companies
The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt`s operative business strategy is designed to facilitate a series of venture spin-offs via IPO or public merger to fully realize the value of these assets for its investors.
About ElephantTalk Limited
Commenced its operation in March 1995, ElephantTalk is licensed with US FCC 214, HK ETS and HK ISR with facilities in Hong Kong and the United States. Having had carrier interconnection, special termination arrangements and existing circuits between US and Hong Kong, ElephantTalk aims to provide the best price and first-mover advantages to customers. By integrating the most advanced and sophisticated telecommunication technologies from USA, ElephantTalk brings to Hong Kong people a wide variety of, and a more complete, international telecommunication services.
About Liu Chong Hing Bank
Liu Chong Hing Bank, incorporated in 1955 and became a subsidiary of Liu Chong Hing Investment (HKSE: 194) in 1973, is one of the renowned Chinese bank with more than 40 branches in Hong Kong, PRC China and the United States. The Bank has been very active in retail banking business to provide comprehensive banking products including Deposit, Phone banking, Credit Cards, Mortgage Loans, Insurance and Broker Service.
For further information please contact, Roxana Yung, General Manager of ElephantTalk Limited, 852-2-707070-3, Fax, 852-2-707070-7, roxana@elephanttalk.com; or K S So, Director of Liu Chong Hing Bank, 852-2841-7439, Fax, 852-2868-4103; or Grace Li of The Hartcourt Companies, 310-410-7290, gli@hartcourt.com.
SOURCE: The Hartcourt Companies, Inc.
Gruß panik
LOS ANGELES, June 25 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, today announced that it`s subsidiary, ElephantTalk, has been chosen to provide IDD Service for Liu Chong Hing Bank.
ElephantTalk, one of the leading telecommunications service providers in Hong Kong, announced it is providing IDD service to full branches of Liu Chong Hing Bank (``Liu Chong Hing``; SEHK: 1111), one of the renowned public listed Chinese banks in Hong Kong. The bank at present has more than 40 branches in Hong Kong, PRC China and the United States.
``ElephantTalk has proven its ability in providing quality telecommunications services, which has instilled our confidence that they can handle our business needs,`` said Mr. K S So, Director of Liu Chong Hing Bank. ``For a customer like us, we have great expectations on our IDD service provider. It has to be able to provide us with seamless connections and value-added services to meet our various needs,`` he added.
``We are honored to receive recognition from Liu Chong Hing,`` said Mr. Russelle K P Choi, Chairman of ElephantTalk. ``We aim to deliver to our prestigious customers with reliable connections that will enable them to maintain their mission-critical services and to provide the best quality services their customers expect.``
Under the service agreement, ElephantTalk will provide Liu Chong Hing with a full range of international telecommunications services, such as 1626 & 1673 direct dial, International Membership Card that allow its management to call Hong Kong direct and make third country calls during business trips overseas.
About Hartcourt Companies
The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt`s operative business strategy is designed to facilitate a series of venture spin-offs via IPO or public merger to fully realize the value of these assets for its investors.
About ElephantTalk Limited
Commenced its operation in March 1995, ElephantTalk is licensed with US FCC 214, HK ETS and HK ISR with facilities in Hong Kong and the United States. Having had carrier interconnection, special termination arrangements and existing circuits between US and Hong Kong, ElephantTalk aims to provide the best price and first-mover advantages to customers. By integrating the most advanced and sophisticated telecommunication technologies from USA, ElephantTalk brings to Hong Kong people a wide variety of, and a more complete, international telecommunication services.
About Liu Chong Hing Bank
Liu Chong Hing Bank, incorporated in 1955 and became a subsidiary of Liu Chong Hing Investment (HKSE: 194) in 1973, is one of the renowned Chinese bank with more than 40 branches in Hong Kong, PRC China and the United States. The Bank has been very active in retail banking business to provide comprehensive banking products including Deposit, Phone banking, Credit Cards, Mortgage Loans, Insurance and Broker Service.
For further information please contact, Roxana Yung, General Manager of ElephantTalk Limited, 852-2-707070-3, Fax, 852-2-707070-7, roxana@elephanttalk.com; or K S So, Director of Liu Chong Hing Bank, 852-2841-7439, Fax, 852-2868-4103; or Grace Li of The Hartcourt Companies, 310-410-7290, gli@hartcourt.com.
SOURCE: The Hartcourt Companies, Inc.
Gruß panik
Hallo panik,
warum reagiert keiner in USA auf diese nachricht? Bin ich zu ungeduldig oder habe ich was falsch verstanden? Wie siehst Du die news?
Gruss fussnote
warum reagiert keiner in USA auf diese nachricht? Bin ich zu ungeduldig oder habe ich was falsch verstanden? Wie siehst Du die news?
Gruss fussnote
Kurs reagiert doch
+ 8%
+ 8%
Hallo HRCT´ler,
Weiß jemand die aktuellen Bestimmungen bzw. Quellen zum Leerverkauf in den USA?
Danke im Voraus!
BULLE
Weiß jemand die aktuellen Bestimmungen bzw. Quellen zum Leerverkauf in den USA?
Danke im Voraus!
BULLE
Hallo Lloret,
also zwei umsätze mit 5000 ist ja sicher keine reaktion, oder wie siehst Du das?
Gruss fussnote
also zwei umsätze mit 5000 ist ja sicher keine reaktion, oder wie siehst Du das?
Gruss fussnote
es war noch schlimmer
es waren nur 1000 Stücke
es waren nur 1000 Stücke
Hartcourt Announces Details of the Annual Shareholders Meeting
LOS ANGELES, June 27 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, announced today that the company`s Annual Shareholders Meeting will be held on Friday, July 20, 2001, at 2:00 PM local time at the Courtyard by Marriott hotel, located at 6161 W. Century Blvd., Los Angeles, CA 90045. Hotel accommodations and reservations information can be found at http://www.courtyard.com/dpp/PropertyPage.asp?MarshaCode=LAX…
Shareholders are encouraged to participate in the event. Representatives from the Hartcourt companies and its subsidiaries will be present for presentations, product demonstrations, and a question and answer session. Among those scheduled to speak and answer questions will be: Dr. Alan Phan -- Chairman of Hartcourt, Dr. Charlie Yang -- CEO of Hartcourt, Mr. Russelle Choi -- CEO of Elephant Talk, Mr. Stephen Tang -- CEO of Sinobull, Mr. Alan Chow -- CEO of SA, and Dr. Luu Trankiem from California State University-Fullerton.
A shareholder dinner will be held at 7:00 PM on the same Friday evening. Shareholders will be treated to a presentation on China market and opportunities by a panel of experts and Hartcourt team. Shareholders who will be attending the shareholders meeting and/or dinner are asked to RSVP with Ms. Grace Li at The Hartcourt Companies, Tel: 310-410-7290 Ext 211 or Email her at gli@hartcourt.com
About Hartcourt
The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt`s operative business strategy is designed to facilitate a series of venture spin-offs via IPO or public merger to fully realize the value of these assets for its investors.
Certain statements in this news release 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 achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
SOURCE: The Hartcourt Companies, Inc.
LOS ANGELES, June 27 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, announced today that the company`s Annual Shareholders Meeting will be held on Friday, July 20, 2001, at 2:00 PM local time at the Courtyard by Marriott hotel, located at 6161 W. Century Blvd., Los Angeles, CA 90045. Hotel accommodations and reservations information can be found at http://www.courtyard.com/dpp/PropertyPage.asp?MarshaCode=LAX…
Shareholders are encouraged to participate in the event. Representatives from the Hartcourt companies and its subsidiaries will be present for presentations, product demonstrations, and a question and answer session. Among those scheduled to speak and answer questions will be: Dr. Alan Phan -- Chairman of Hartcourt, Dr. Charlie Yang -- CEO of Hartcourt, Mr. Russelle Choi -- CEO of Elephant Talk, Mr. Stephen Tang -- CEO of Sinobull, Mr. Alan Chow -- CEO of SA, and Dr. Luu Trankiem from California State University-Fullerton.
A shareholder dinner will be held at 7:00 PM on the same Friday evening. Shareholders will be treated to a presentation on China market and opportunities by a panel of experts and Hartcourt team. Shareholders who will be attending the shareholders meeting and/or dinner are asked to RSVP with Ms. Grace Li at The Hartcourt Companies, Tel: 310-410-7290 Ext 211 or Email her at gli@hartcourt.com
About Hartcourt
The Hartcourt Companies is a holding and development enterprise that has built a broad network of Internet, media, and telecommunication companies in Greater China. In partnership with leading Chinese entrepreneurs and government-sponsored entities, Hartcourt is developing and investing in emerging technologies while building an integrated commercial framework for its subsidiaries and their partners. Hartcourt`s operative business strategy is designed to facilitate a series of venture spin-offs via IPO or public merger to fully realize the value of these assets for its investors.
Certain statements in this news release 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 achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
SOURCE: The Hartcourt Companies, Inc.
"A shareholder dinner will be held at 7:00 PM on the same Friday evening"
Hat doch Phan tatsächlich seine Spendierhosen angezogen, so nach dem Motto erst abfüllen dann ausrauben !!!
Good Luck!!!
Hat doch Phan tatsächlich seine Spendierhosen angezogen, so nach dem Motto erst abfüllen dann ausrauben !!!
Good Luck!!!
ChinaWeb; ONLINE TRADING TO GROW
Wednesday, June 27, 2001
ONLINE TRADING
China to lead online trading in next five years
Jun 27 2001 10:53AM
Homeway
China will lead the Asia Pacific online trading in the next five years, a senior economist predicted Tuesday, Xinhua reports.
"China is the market that should not be overlooked in the landscape," said Kit Yau, online financial services research manager at International Data Corporation (IDC) Asia Pacific.
Online trading in China has grown dramatically over the past two years and the individual investors throughout the country are very receptive to self-directed channels, Yau added.
China`s regulatory framework is being designed to create a level playing field for all brokerage firms seeking online trading opportunities. IDC economists estimated that by 2005, 22% of all online trading accounts of the region will be in China.
Among the top stock markets in the Asia Pacific region, South Korea will continue to lead the regional market from a volume perspective, but its absolute growth will slow down since its base is already very large, although its stock exchange has generated the greatest online trading growth, IDC economists believed.
According to a recent research effort by International Data Corporation (IDC) on e-investing in Asia Pacific region, the total number of online trading accounts in the region is forecast to increase from 8 million in 2000 to over 42 million in 2005 at a 39% compound annual growth rate.
Despite the bearish economic outlook, online trading accounts in Asia Pacific region will enjoy strong growth over the next five years.
The securities industry in the region is facing unprecedented challenges and opportunities brought about by the emergence of new digital channels, market deregulation, industry consolidation and shrinking stock turnover,
"Including the Internet and wireless devices into the array of trading channels is becoming a prerequisite to remain competitive, " Yau stressed.
Economists here believed that the regional marketplace is crowded with local and regional traditional brokerage firms, bank- backed securities arms and multi-national pure-play heavyweights, and is highly fragmented with different leaders in each of the key markets.
They also felt that each category of players has its own competitive assets, while local competitors are holding their own against foreign challengers, and therefore, it is important to sign up new customers as soon as possible and convert clients to online trading.
But, in order to be successful in the long-term, firms will need to aggregate client assets and provide a strong customer relationship management solution, they cautioned.
Copyright (c)2001 Beijing Homeway Info.Media Ltd.All Rights Reserved
Wednesday, June 27, 2001
ONLINE TRADING
China to lead online trading in next five years
Jun 27 2001 10:53AM
Homeway
China will lead the Asia Pacific online trading in the next five years, a senior economist predicted Tuesday, Xinhua reports.
"China is the market that should not be overlooked in the landscape," said Kit Yau, online financial services research manager at International Data Corporation (IDC) Asia Pacific.
Online trading in China has grown dramatically over the past two years and the individual investors throughout the country are very receptive to self-directed channels, Yau added.
China`s regulatory framework is being designed to create a level playing field for all brokerage firms seeking online trading opportunities. IDC economists estimated that by 2005, 22% of all online trading accounts of the region will be in China.
Among the top stock markets in the Asia Pacific region, South Korea will continue to lead the regional market from a volume perspective, but its absolute growth will slow down since its base is already very large, although its stock exchange has generated the greatest online trading growth, IDC economists believed.
According to a recent research effort by International Data Corporation (IDC) on e-investing in Asia Pacific region, the total number of online trading accounts in the region is forecast to increase from 8 million in 2000 to over 42 million in 2005 at a 39% compound annual growth rate.
Despite the bearish economic outlook, online trading accounts in Asia Pacific region will enjoy strong growth over the next five years.
The securities industry in the region is facing unprecedented challenges and opportunities brought about by the emergence of new digital channels, market deregulation, industry consolidation and shrinking stock turnover,
"Including the Internet and wireless devices into the array of trading channels is becoming a prerequisite to remain competitive, " Yau stressed.
Economists here believed that the regional marketplace is crowded with local and regional traditional brokerage firms, bank- backed securities arms and multi-national pure-play heavyweights, and is highly fragmented with different leaders in each of the key markets.
They also felt that each category of players has its own competitive assets, while local competitors are holding their own against foreign challengers, and therefore, it is important to sign up new customers as soon as possible and convert clients to online trading.
But, in order to be successful in the long-term, firms will need to aggregate client assets and provide a strong customer relationship management solution, they cautioned.
Copyright (c)2001 Beijing Homeway Info.Media Ltd.All Rights Reserved
Guten Abend.
Ich hab irgendwo gehört (weiß nicht mehr wo), das Sinobull jetzt zu 100% HRCT gehöhrt. Wenn das stimmt, dann würde ich mich freuen, wenn mir jemand die Quelle preisgibt.
Danke.
MfG Sstocktrader... .
Ich hab irgendwo gehört (weiß nicht mehr wo), das Sinobull jetzt zu 100% HRCT gehöhrt. Wenn das stimmt, dann würde ich mich freuen, wenn mir jemand die Quelle preisgibt.
Danke.
MfG Sstocktrader... .
Hallo Sstocktrader !
Laut letztem Filing :
On April 2, 2001, Sinobull`s one share issued and outstanding held by Mr. Tang Wing On was formally transferred to Hartcourt, and, therefore, Sinobull became a wholly-owned subsidiary of Hartcourt effective April 2, 2001. Hartcourt, Sinobull and Mr. Tang have confirmed that Hartcourt had advanced funds to Sinobull for various acquisitions made by Sinobull since its formation. Since the acquisition of Sinobull was completed on April 2, 2001, the financial results of Sinobull will be consolidated with Hartcourt starting the second quarter of 2001.
On December 28, 2000, Sinobull completed its acquisition of 51% ownership interest in Sinobull Network and 51% ownership in Sinobull Information, and on April 2, 2001, Hartcourt completed its acquisition of 100% ownership interest in Sinobull.
mfG
Brasil
Laut letztem Filing :
On April 2, 2001, Sinobull`s one share issued and outstanding held by Mr. Tang Wing On was formally transferred to Hartcourt, and, therefore, Sinobull became a wholly-owned subsidiary of Hartcourt effective April 2, 2001. Hartcourt, Sinobull and Mr. Tang have confirmed that Hartcourt had advanced funds to Sinobull for various acquisitions made by Sinobull since its formation. Since the acquisition of Sinobull was completed on April 2, 2001, the financial results of Sinobull will be consolidated with Hartcourt starting the second quarter of 2001.
On December 28, 2000, Sinobull completed its acquisition of 51% ownership interest in Sinobull Network and 51% ownership in Sinobull Information, and on April 2, 2001, Hartcourt completed its acquisition of 100% ownership interest in Sinobull.
mfG
Brasil
Wann kommen eigentlich die nächsten Zahlen ?
Gruß
Gruß
Im August (2.Quartal)
Musky
Musky
Vielen Dank Brasil.
MfG Sstocktrader... .
MfG Sstocktrader... .
@ Musky
Was hat Sinobull mit AdForward zu tun ? ? ?
MfG Sstocktrader... .
Was hat Sinobull mit AdForward zu tun ? ? ?
MfG Sstocktrader... .
musky hat ne panne!
Alt aber immer noch zutreffend
FINANCIAL.DE
Hartcourt spekulativer Kauf Datum: 20.03.2001
Die Analysten von Financial.de stufen die Aktien von Hartcourt Companies (WKN 900009) als spekulativen Kauf ein. The Hartcourt Companies, Inc. stelle eine Investition in eine Beteiligungsgesellschaft dar, die von dem Potenzial des Internets im chinesischen Markt überproportional profitieren wolle. Das Unternehmen betätige sich als Beteiligungsgesellschaft, die eigene Tochterunternehmen zur Börsenreife entwickeln wolle. Bereits in diesem Jahr seien Börsengänge von Unternehmen aus dem Beteiligungsportfolio geplant. Mit der Tochter SinoBull Financial Ltd. sei Hartcourt in einem der aussichtsreichsten Märkte des Internets, den Onlinefinanzdienstleistungen, sehr gut positioniert. Gerade die Entwicklung in den USA und Westeuropa zeige, dass Finanzdienstleistungen profitabel über das Internet abgebildet werden könnten und gleichzeitig hohe Zuwachsraten generieren würden. Zusätzlich seien in der Gruppe Unternehmen aus dem Bereich Breitbandtechnologie und Audio- und Videocontent konzentriert. Damit stoße das Unternehmen in die Zielrichtung eines internetbasierten Multicontentanbieters. Das erfahrene Managementteam der Gruppe verfüge über die im chinesischen Markt essentiellen Netzwerke, um Geschäfte erfolgreich betreiben zu können. Da aus der Hartcourt-Gruppe bisher keine Börsengänge erfolgt seien, könne aus den Umsätzen nicht auf den Geschäftserfolg geschlossen werden. Vielmehr stecke das eigentliche Potenzial der Hartcourt in den Beteiligungen und den Chancen und Risiken eines Börsengangs dieser Gesellschaften. Gerade in China und Hong Kong sei eine ähnliche Interneteuphorie zu erwarten, wie sie der amerikanische und europäische Markt gerade hinter sich habe, so dass die Börsengänge ausgesprochen erfolgreich verlaufen kön nten. Trotz des Kursanstieges in den vergangenen Wochen weise Hartcourt nur eine Marktkapitalisierung in der Größenordnung von 60 Mio. US-$ auf. Allein ein erfolgreicher Börsengang einer Tochtergesellschaft könne zu einer Bewertung der gehaltenen Anteile in dieser Größenordnung führen. Nach Auffassung der Analysten liege das Hauptrisiko neben politischen Unwägbarkeiten darin, dass sich die geplanten Börsengänge deutlich verzögern würden und das Marktumfeld für Börsengänge aus diesem Bereich in China und Hong Kong nicht attraktiv genug sei. Die anderen Risiken würden vor allem in einem sich weiter verschlechternden Gesamtmarktumfeld und den generellen Risiken des Investments in Aktien liegen. Gerade spekulative Investoren, die am kommenden Internetboom in China würden partizipieren wollen, würden in Hartcourt eine sehr gut positionierte Beteiligungsgesellschaft mit deutlichem Kurssteigerungspotenzial finden.
Quelle: AKTIENCHECK
Und jetzt 100% von Sinobull. Das schlechte Marktumfeld und die OTC sind Problemfelder die sich mit der Zeit von alleine lösen werden ...und dann geht es aufwärts
FINANCIAL.DE
Hartcourt spekulativer Kauf Datum: 20.03.2001
Die Analysten von Financial.de stufen die Aktien von Hartcourt Companies (WKN 900009) als spekulativen Kauf ein. The Hartcourt Companies, Inc. stelle eine Investition in eine Beteiligungsgesellschaft dar, die von dem Potenzial des Internets im chinesischen Markt überproportional profitieren wolle. Das Unternehmen betätige sich als Beteiligungsgesellschaft, die eigene Tochterunternehmen zur Börsenreife entwickeln wolle. Bereits in diesem Jahr seien Börsengänge von Unternehmen aus dem Beteiligungsportfolio geplant. Mit der Tochter SinoBull Financial Ltd. sei Hartcourt in einem der aussichtsreichsten Märkte des Internets, den Onlinefinanzdienstleistungen, sehr gut positioniert. Gerade die Entwicklung in den USA und Westeuropa zeige, dass Finanzdienstleistungen profitabel über das Internet abgebildet werden könnten und gleichzeitig hohe Zuwachsraten generieren würden. Zusätzlich seien in der Gruppe Unternehmen aus dem Bereich Breitbandtechnologie und Audio- und Videocontent konzentriert. Damit stoße das Unternehmen in die Zielrichtung eines internetbasierten Multicontentanbieters. Das erfahrene Managementteam der Gruppe verfüge über die im chinesischen Markt essentiellen Netzwerke, um Geschäfte erfolgreich betreiben zu können. Da aus der Hartcourt-Gruppe bisher keine Börsengänge erfolgt seien, könne aus den Umsätzen nicht auf den Geschäftserfolg geschlossen werden. Vielmehr stecke das eigentliche Potenzial der Hartcourt in den Beteiligungen und den Chancen und Risiken eines Börsengangs dieser Gesellschaften. Gerade in China und Hong Kong sei eine ähnliche Interneteuphorie zu erwarten, wie sie der amerikanische und europäische Markt gerade hinter sich habe, so dass die Börsengänge ausgesprochen erfolgreich verlaufen kön nten. Trotz des Kursanstieges in den vergangenen Wochen weise Hartcourt nur eine Marktkapitalisierung in der Größenordnung von 60 Mio. US-$ auf. Allein ein erfolgreicher Börsengang einer Tochtergesellschaft könne zu einer Bewertung der gehaltenen Anteile in dieser Größenordnung führen. Nach Auffassung der Analysten liege das Hauptrisiko neben politischen Unwägbarkeiten darin, dass sich die geplanten Börsengänge deutlich verzögern würden und das Marktumfeld für Börsengänge aus diesem Bereich in China und Hong Kong nicht attraktiv genug sei. Die anderen Risiken würden vor allem in einem sich weiter verschlechternden Gesamtmarktumfeld und den generellen Risiken des Investments in Aktien liegen. Gerade spekulative Investoren, die am kommenden Internetboom in China würden partizipieren wollen, würden in Hartcourt eine sehr gut positionierte Beteiligungsgesellschaft mit deutlichem Kurssteigerungspotenzial finden.
Quelle: AKTIENCHECK
Und jetzt 100% von Sinobull. Das schlechte Marktumfeld und die OTC sind Problemfelder die sich mit der Zeit von alleine lösen werden ...und dann geht es aufwärts
franzfinanzpenner! sonst geht es dir gut?
kümmere dich um dein e-kong dreck!
du hund
bist wie eine tunte
kümmere dich um dein e-kong dreck!
du hund
bist wie eine tunte
Hallo allerseits!
Icvh bitte auch hier nochmal darum, dieses Formular komplett auszufüllen und ins Board zu stellen!
Die Informationen, die Sie zur Verfügung stellen, helfen uns, die Umstände zu verstehen ,die Ihre Gesichtspunkte unterstützen.
B A S H E R - A P P L I C A T I O N - F O R M:
==================================
All Bashers must fill out the following form COMPLETELY and submit before bashing;
Thank you for your cooperation.
Age: ___________________________
(Note: Not your real age, just similar to your investment mentality)
Shoe size (left): __________________
Shoe size (right): _________________
Occupation:
________Thread Moron
________Analyst
________Parking Lot Attendant
________Investment Advisor
________Attorney Looking for Clients
________"Ultra" specialist
________Thread Lurker
________Head of Your School`s Investment Club
________Provocateur
________Submissive and Willing Partner Looking for Others
________Unemployed
Spouses Names: ___________________ ________________________
____________________ ________________________
____________________ ________________________
____________________ ________________________
____________________ ________________________
Relationship with spouse:
________Sister
________Brother
________Aunt
________Cousin
________Mother
________Father
________Son
________Daughter
________own pet
________neighbor`s pet
Number of children living in household: ____________
Number that are yours: ____________
Mother`s Name: ________________________________
Father`s Name: ________________________________ (If not sure, leave blank)
Education: 1 2 3 4 (Circle highest grade completed)
Do you (____) own or (____) rent your mobile home?
Total number of vehicles you own : __________
Total number of vehicles that still crank : __________
Number of vehicles in front yard : __________
Number of vehicles in back yard : __________
Number of vehicles on cement blocks : __________
Recent procedures by your physician:
___________ Rectal exam (enema also counts)
___________ Frontal lobotomy
___________ Prescription for viagra
___________ Removal of cerebral hairballs
___________ The Lorraine Bobbitt "short cut"
___________ Grade school physical (turn your head, now, cough…)
___________ Still waiting to have my head examined…
Your personality profile:
___________ Passive-aggressive
___________ Clueless (participation on this thread just exacerbates the condition)
___________ Just angry all the time
___________ Scorched earth apostle
___________ Bitter and twice divorced
___________ Annoying
___________ Investor with learning disabilities
___________ Too stupid to know
Firearms you own and where you keep them:
In my truck : __________
In my bedroom : __________
In the bathroom : __________
In the kitchen : __________
In the shed : __________
Model and year of your pickup: __________________ 194___.
Do you have a gun rack? ______ Yes ______ No (please explain)
Preferred method of picking stocks:
___________ Hot tip from my broker
___________ Ouiji board
___________ Recommendation from Money Magazine
___________ Tea leaves
___________ Ask the 15 year old kid from New Jersey
___________ SI Café recommendations
___________ Psychics on-line
Why are you on this thread?
___________ Looking for friends
___________ Freeloading and don`t want to admit it
___________ Venting my hostile tendencies
___________ Handicapped and need a place to park
___________ Fantasizing about stocks is better than sex
___________ Dispensing worthless investment advice
___________ It`s better than watching paint dry
___________ Engaging in self-destructive behavior
___________ Hyping my holdings in Bavarian Ovarian Meat Business (BOMB)
___________ Trolling for subscribers to my stock investment newsletter
___________ Need to add more fuel to the long list of things I`ve been wrong about
___________ Can`t think of anything else to do
___________ Looking for plaintiffs for a class action lawsuit
___________ Need a dose of intellectual honesty
___________ Just killing time while waiting for the mother ship
___________ Don`t have a woman upstairs waiting for me
___________ Bashing stocks I can`t afford to buy
___________ Short of running the mafia, this thread is as good as it gets
___________ Practicing my writing skills
___________ The guards let me
___________ Trying to use up my 20 free hours a month
___________ Need a place to take my crap and then leave
___________ General sophistry purposes
Who is your favorite CNBC investment commentator?
___________ Silvia "Broom Hilda" Wadhwa (Frankfurt)
___________ Ron "Brillcream" Insana
___________ Joe "Pompador" Kernan
___________ Jim "Frog Eyes" Cramer
___________ David "I`m Sooo Smart and I Know It" Faber
___________ Mark "They Don`t Pay Me Enough to Do This" Haines
What is your investment style?
___________ Mo-Mo
___________ Disco trading
___________ Buy high, sell low
___________ Sheep in the herd
___________ Averaging down
___________ Getting back to even
___________ Jetstreaming
___________ March to the beat of a different drummer
___________ Short and proud of it
What internet developments are most exciting to you:
___________ Sears selling appliances over the net
___________ Prodigy Classic
___________ email
___________ On-line chat rooms
___________ Merrill Lynch on-line trading
___________ Yahoo personal ads When was the last time you had an original idea?
___________ What do you mean by that
___________ Never had one before
___________ It`s been so long I can`t remember
What is the latest technology upgrade you have made?
___________ Replaced a light bulb
___________ Installed "The Club" on my steering wheel
___________ Upgraded the beads on my abacus
___________ Went shopping for work boots
___________ Bought a tape rewinder for my VCR
___________ Hooked up a window fan
___________ Recently ordered the George Foreman "Grilling Machine"
What does the chair in front of your computer look like?
___________ Puffy styrofoam bean bag
___________ The white porcelain one in the bathroom
___________ Three legged stool
___________ Plastic deck lounger
___________ Judge`s bench
___________ Don`t have a computer
___________ Recline-O-Matic
___________ Still saving for one
Newspapers/magazines you subscribe to:
___________ The National Enquirer
___________ The Globe
___________ TV Guide
___________ Soap Operage Digest
___________ Guns & Ammo
Electronic devices you own:
___________ Remote control
___________ Weed wacker
___________ Water heater
___________ Wrist watch with lighted dial
___________ Transistor radio
___________ Makita sawsall
___________ Dial telephone
___________ Vibrator
___________ Electronic grill ignition system
___________ Atari computer
___________ Garage door opener
Modem speed:
___________ 2.4 K per second
___________ Don`t have a phone
___________ Woooaahh. What`s a modem?
___________ Use walkie-talkies instead
What do you do for entertainment:
___________ Just hang out
___________ Fish and cut bait
___________ Look at the pictures in girlie magazines
___________ Go bowling with the team
___________ Push my walker around Evanston
___________ Polish my Weber kettle
___________ Peruse the Victoria`s Secret web-site
___________ Play another round
___________ Change the oil in my driveway
___________ Aerate my compost pile
Number of times you`ve seen a UFO : ____________
Number of times you`ve seen Elvis : ____________
Number of times you`ve seen Elvis in a UFO : ____________
What are your previous real estate investments:
____________ Time share condo
____________ Desert with great view
____________ Remote mountain cabin (next to Ted Kaczinski`s)
____________ Swamp land
____________ Condo conversion reconverted to apartments
What plant does your character most closely resemble:
____________ Diffembachia
____________ Prickly pear cactus
____________ Dutch elm (diseased)
____________ Crab grass
____________ The dead ones on my kitchen counter
What is the best trade you ever made:
____________ Food stamps for baseball cards
____________ Stock tips for Beanie babies
____________ Brains for scrapple
____________ Manners for attitude
____________ Bought Amazon at $400/share
____________ Shorted Ebay at $36/share
____________ Haven`t started trading yet (not old enough)
What is your favorite saying:
____________ This pig of a stock
____________ I`ll see you in court
____________ Like totally, for sure
____________ Ho,ho,ho
____________ If only I bought Dell in 1995
____________ What do the "up" arrows mean
____________ Yeah, un-huh, right, right, right
____________ Where is that dog with flea
____________ Does anybody have real-time quotes
Where did you see your latest bubble:
____________ In a pot (boiling water bubble)
____________ In the bath tub (soap bubble)
____________ In the garden (the tulip thing)
____________ In the mirror (chewing gum bubble)
____________ In the steel mill where I work (industrial revolution bubble)
____________ In a tar pit (end of the dinosaur thing)
How often do you bathe:
_________ Weekly
_________ Monthly
_________ Don`t Have Any Indoor Plumbing
_________ Not Applicable
Color of teeth:
_________ Yellow
_________ Brownish - Yellow
_________ Brown
_________ Black
_________ Don`t have them any more
Brand of chewing tobacco you prefer:
_________ Red-Man
_________ Green-Man
_________ Blue-Man-Group
_________ just "Man", any man
How far is your trailer from a paved road?
_________ 1 mile
_________ 2 miles
_________ Don`t know
How many dead animals do you have hanging on the walls?
_________ 007
_________ 13
_________ Oh, lots of them !!!!!
_________ Don`t rush me, I`m still learning to count
How did you collect your prized dead animals?
__________ shot them
__________ bought them
__________ stole them
__________ road kill
__________ got them from eBay, and I`m proud of my invesment
DANKE!!
mfg
THC
ps:wie bekommt man denn hier die lustigen smilis rein?
Icvh bitte auch hier nochmal darum, dieses Formular komplett auszufüllen und ins Board zu stellen!
Die Informationen, die Sie zur Verfügung stellen, helfen uns, die Umstände zu verstehen ,die Ihre Gesichtspunkte unterstützen.
B A S H E R - A P P L I C A T I O N - F O R M:
==================================
All Bashers must fill out the following form COMPLETELY and submit before bashing;
Thank you for your cooperation.
Age: ___________________________
(Note: Not your real age, just similar to your investment mentality)
Shoe size (left): __________________
Shoe size (right): _________________
Occupation:
________Thread Moron
________Analyst
________Parking Lot Attendant
________Investment Advisor
________Attorney Looking for Clients
________"Ultra" specialist
________Thread Lurker
________Head of Your School`s Investment Club
________Provocateur
________Submissive and Willing Partner Looking for Others
________Unemployed
Spouses Names: ___________________ ________________________
____________________ ________________________
____________________ ________________________
____________________ ________________________
____________________ ________________________
Relationship with spouse:
________Sister
________Brother
________Aunt
________Cousin
________Mother
________Father
________Son
________Daughter
________own pet
________neighbor`s pet
Number of children living in household: ____________
Number that are yours: ____________
Mother`s Name: ________________________________
Father`s Name: ________________________________ (If not sure, leave blank)
Education: 1 2 3 4 (Circle highest grade completed)
Do you (____) own or (____) rent your mobile home?
Total number of vehicles you own : __________
Total number of vehicles that still crank : __________
Number of vehicles in front yard : __________
Number of vehicles in back yard : __________
Number of vehicles on cement blocks : __________
Recent procedures by your physician:
___________ Rectal exam (enema also counts)
___________ Frontal lobotomy
___________ Prescription for viagra
___________ Removal of cerebral hairballs
___________ The Lorraine Bobbitt "short cut"
___________ Grade school physical (turn your head, now, cough…)
___________ Still waiting to have my head examined…
Your personality profile:
___________ Passive-aggressive
___________ Clueless (participation on this thread just exacerbates the condition)
___________ Just angry all the time
___________ Scorched earth apostle
___________ Bitter and twice divorced
___________ Annoying
___________ Investor with learning disabilities
___________ Too stupid to know
Firearms you own and where you keep them:
In my truck : __________
In my bedroom : __________
In the bathroom : __________
In the kitchen : __________
In the shed : __________
Model and year of your pickup: __________________ 194___.
Do you have a gun rack? ______ Yes ______ No (please explain)
Preferred method of picking stocks:
___________ Hot tip from my broker
___________ Ouiji board
___________ Recommendation from Money Magazine
___________ Tea leaves
___________ Ask the 15 year old kid from New Jersey
___________ SI Café recommendations
___________ Psychics on-line
Why are you on this thread?
___________ Looking for friends
___________ Freeloading and don`t want to admit it
___________ Venting my hostile tendencies
___________ Handicapped and need a place to park
___________ Fantasizing about stocks is better than sex
___________ Dispensing worthless investment advice
___________ It`s better than watching paint dry
___________ Engaging in self-destructive behavior
___________ Hyping my holdings in Bavarian Ovarian Meat Business (BOMB)
___________ Trolling for subscribers to my stock investment newsletter
___________ Need to add more fuel to the long list of things I`ve been wrong about
___________ Can`t think of anything else to do
___________ Looking for plaintiffs for a class action lawsuit
___________ Need a dose of intellectual honesty
___________ Just killing time while waiting for the mother ship
___________ Don`t have a woman upstairs waiting for me
___________ Bashing stocks I can`t afford to buy
___________ Short of running the mafia, this thread is as good as it gets
___________ Practicing my writing skills
___________ The guards let me
___________ Trying to use up my 20 free hours a month
___________ Need a place to take my crap and then leave
___________ General sophistry purposes
Who is your favorite CNBC investment commentator?
___________ Silvia "Broom Hilda" Wadhwa (Frankfurt)
___________ Ron "Brillcream" Insana
___________ Joe "Pompador" Kernan
___________ Jim "Frog Eyes" Cramer
___________ David "I`m Sooo Smart and I Know It" Faber
___________ Mark "They Don`t Pay Me Enough to Do This" Haines
What is your investment style?
___________ Mo-Mo
___________ Disco trading
___________ Buy high, sell low
___________ Sheep in the herd
___________ Averaging down
___________ Getting back to even
___________ Jetstreaming
___________ March to the beat of a different drummer
___________ Short and proud of it
What internet developments are most exciting to you:
___________ Sears selling appliances over the net
___________ Prodigy Classic
___________ email
___________ On-line chat rooms
___________ Merrill Lynch on-line trading
___________ Yahoo personal ads When was the last time you had an original idea?
___________ What do you mean by that
___________ Never had one before
___________ It`s been so long I can`t remember
What is the latest technology upgrade you have made?
___________ Replaced a light bulb
___________ Installed "The Club" on my steering wheel
___________ Upgraded the beads on my abacus
___________ Went shopping for work boots
___________ Bought a tape rewinder for my VCR
___________ Hooked up a window fan
___________ Recently ordered the George Foreman "Grilling Machine"
What does the chair in front of your computer look like?
___________ Puffy styrofoam bean bag
___________ The white porcelain one in the bathroom
___________ Three legged stool
___________ Plastic deck lounger
___________ Judge`s bench
___________ Don`t have a computer
___________ Recline-O-Matic
___________ Still saving for one
Newspapers/magazines you subscribe to:
___________ The National Enquirer
___________ The Globe
___________ TV Guide
___________ Soap Operage Digest
___________ Guns & Ammo
Electronic devices you own:
___________ Remote control
___________ Weed wacker
___________ Water heater
___________ Wrist watch with lighted dial
___________ Transistor radio
___________ Makita sawsall
___________ Dial telephone
___________ Vibrator
___________ Electronic grill ignition system
___________ Atari computer
___________ Garage door opener
Modem speed:
___________ 2.4 K per second
___________ Don`t have a phone
___________ Woooaahh. What`s a modem?
___________ Use walkie-talkies instead
What do you do for entertainment:
___________ Just hang out
___________ Fish and cut bait
___________ Look at the pictures in girlie magazines
___________ Go bowling with the team
___________ Push my walker around Evanston
___________ Polish my Weber kettle
___________ Peruse the Victoria`s Secret web-site
___________ Play another round
___________ Change the oil in my driveway
___________ Aerate my compost pile
Number of times you`ve seen a UFO : ____________
Number of times you`ve seen Elvis : ____________
Number of times you`ve seen Elvis in a UFO : ____________
What are your previous real estate investments:
____________ Time share condo
____________ Desert with great view
____________ Remote mountain cabin (next to Ted Kaczinski`s)
____________ Swamp land
____________ Condo conversion reconverted to apartments
What plant does your character most closely resemble:
____________ Diffembachia
____________ Prickly pear cactus
____________ Dutch elm (diseased)
____________ Crab grass
____________ The dead ones on my kitchen counter
What is the best trade you ever made:
____________ Food stamps for baseball cards
____________ Stock tips for Beanie babies
____________ Brains for scrapple
____________ Manners for attitude
____________ Bought Amazon at $400/share
____________ Shorted Ebay at $36/share
____________ Haven`t started trading yet (not old enough)
What is your favorite saying:
____________ This pig of a stock
____________ I`ll see you in court
____________ Like totally, for sure
____________ Ho,ho,ho
____________ If only I bought Dell in 1995
____________ What do the "up" arrows mean
____________ Yeah, un-huh, right, right, right
____________ Where is that dog with flea
____________ Does anybody have real-time quotes
Where did you see your latest bubble:
____________ In a pot (boiling water bubble)
____________ In the bath tub (soap bubble)
____________ In the garden (the tulip thing)
____________ In the mirror (chewing gum bubble)
____________ In the steel mill where I work (industrial revolution bubble)
____________ In a tar pit (end of the dinosaur thing)
How often do you bathe:
_________ Weekly
_________ Monthly
_________ Don`t Have Any Indoor Plumbing
_________ Not Applicable
Color of teeth:
_________ Yellow
_________ Brownish - Yellow
_________ Brown
_________ Black
_________ Don`t have them any more
Brand of chewing tobacco you prefer:
_________ Red-Man
_________ Green-Man
_________ Blue-Man-Group
_________ just "Man", any man
How far is your trailer from a paved road?
_________ 1 mile
_________ 2 miles
_________ Don`t know
How many dead animals do you have hanging on the walls?
_________ 007
_________ 13
_________ Oh, lots of them !!!!!
_________ Don`t rush me, I`m still learning to count
How did you collect your prized dead animals?
__________ shot them
__________ bought them
__________ stole them
__________ road kill
__________ got them from eBay, and I`m proud of my invesment
DANKE!!
mfg
THC
ps:wie bekommt man denn hier die lustigen smilis rein?
Achtung!!!!!!
Regeländerungen an der OTCBB.Gilt erstmal nur für 3 Monate als Modellversuch beginnend am 1.August.
http://www.otcbb.com/news/2001/generalnews/lopapprovalorder2…
http://www.otcbb.com/news/2001/generalnews/lopstocks2.stm
Moneymonster
Regeländerungen an der OTCBB.Gilt erstmal nur für 3 Monate als Modellversuch beginnend am 1.August.
http://www.otcbb.com/news/2001/generalnews/lopapprovalorder2…
http://www.otcbb.com/news/2001/generalnews/lopstocks2.stm
Moneymonster
Guten Morgen allerseits.
Hi Sstocktrader!
@ panik
du hast post.
MfG Sstocktrader... .
du hast post.
MfG Sstocktrader... .
Sstocktrader
Post!
Post!
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