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

[Hollin]

Deine Forderung nach einem neuen Thread, RamonAllones, war wirklich unübersehbar. Ich will auch deiner Bitte nachkommen, gleich zu Beginn einen Überblick zu Hartcourt reinzustellen. Die folgende Charakteristik, die bereits den zehnten Teil eingeleitet hatte, stammt von Investo, und sie verdient es wirklich hier noch einmal wiedergegeben zu werden:

Charakteristik von Hartcourt:

1. Buisness-Konzept ähnlich CMGI,
Die Führung durch Dr. Phan ist sehr solide und visionär , was die Informationspolitk deutlich
zeigt . Ich habe Ihn in Frankfurt selbst kennengelernt.

2. zwei kurzfristig profitable Standbeine mit strategischer Ausrichtung (Datenübermittlung und Content/Online-Broking - bis jetzt)
- Wireless ISP (Innostar) kann als Technologie- und Markführer kurz- und
mittelfristig Monopolmargen erzielen.
- Finanzportal Sinobull.com mit Online-Broking mit Werbe- und
Transaktionseinnahmen (ebenfalls Technologie- und Markführer), ebenfalls
Monopolstellung.
Für beide Standbeine liegen Lizenzen der chinesichen Regierung vor.

3. Gewinn ab 2000 ca. 0,3 $/Aktie (siehe Bericht von Stockreporter.de) d.h.
junger Internetwert mit Gewinn als Pionier auf dem in Zukunft größen Markt der
Welt ist einmalig

4. die Bewertung von HRCT wird sich mittelfristig an die Bewertungen der
großen I-Nets angleichen, z. B. die Marktkapitalisierung von China.com
(4 Mio. $ Umsatz, 5 Mio. $ Verlust) beträgt derzeit ca. 2,34 Mrd. $, d.h. HRCT
müßte auf ca. 119$ steigen. Besser noch wäre ein Vergleich mit CMGI

7. Größe des Marktes, bis 2003 mehr online-User als in den USA
China Internet-Nutzer 1998 2 Mio. User
1999 7 Mio. User
2000 140 Mio. User
2007 200 Mio. User

8. Beteiligungen: eSAT Technology (Sat.-Technologie für Datenübertragung ISP und IP-Phone), streamingAsia.com (Internet Broadcasting),
die News, auf die alle warten:
- drittgrößter US-Online-broker, eine Chinesische Bank, weitere Partner,
- ingesamt in näherer Zukunft: 9 Acquisitionen, 4 strategische Partnerschaften, Verhandlungen mit 3 potentiellen Partner laufen derzeit, 2 Buy-outs, neuer Besetzung des Vorstandes ist beschlossen, die Namen werden in den nächsten 4 Wochen veröffentlicht

9. HRCT baut eigene technische Kompetenz auf (20%-iger Beteiligung an eSat und Acquisition von StreamingAsia.com in HK)
wichtig für die technologische und finanzielle Unabhängkeit

10. Bermerkenswert ist die präzise strategische Ausrichtung. Hartcourt erobert den chinesischen IT-Markt auf den Gebieten, die den größten technologischen und mengenmäßigen Nachholbedarf haben und auf denen die kurzfristige Generierung von Gewinnen möglich ist.

- Datenübertragung als Voraussetzung für den Zugang zu Service und Informationen über das Internet:
Aufgrund der Größe das Landes und der schlechten Infrastruktur (Festnetz) ist die Gründung des JV Innostar ein genialer strategischer Schachzug. Mit relative geringem Kapitaleinsatz (Server, Steuerungs- und Abrechungssoftware, Sende/Empfangsequipement, was z.T. vermaktet wird) lassen sich inbes. im gewerblichen Bereich (Unternehmen, Hotels) aber in der größer werdenden Mittelklasse hohe Monopol- bzw. Oligopolmargen (nur 8 nationale ISP-Lizenzen) erzielen.

- Content/Online-Brokingservice:
Das Informationsbedürfins in China ist gigantisch. Dazu kommt, das die Chinesen ein Volk von Händlern (Phan: Gambler) sind. Was liegt also näher, die Bedürfnisse mit einem breit angelegten Portal mit Brokingservice zu befriedigen. Die Acquisitionen von StreamingAsia.com hat ebenfalls eine wichtige strategische Componente. In Zukunft werden Ton-, Bild- und Video über das Internet zur Verfügung gestellt und das auch mit entsprechenden Berechtigungskonzepten für Usergruppen. Wer die Channels von Realaudio kennt, weiß in welche Richtung es geht. Sinobull.com soll eine Art Kombination von Online-Broking und Bloomberg-Televion anbieten. Die Technologie liefert StreamAsia.


Hier noch ein paar Links, damit Ihr Euch noch umfassender informieren könnt:

Company Website - http://www.hartcourt.com/

Financials: http://www.edgar-online.com/brand/yahoo/search/?sym=hrct

HRCT Acquisitions:

Sinobull- UAC/FTL joint ventures:
UAC Stock Exchange Online Co, Ltd.-(HRCT 50% ownership)
Press releases: http://biz.yahoo.com/prnews/990909/ca_hartcou_1.html
http://biz.yahoo.com/bw/991030/ca_hartcou_1.html
http://biz.yahoo.com/bw/991118/ca_hartcou_1.html
Website: http://www.162stock.com/english/index-English.htm
Future site http://www.sinobull.com/

Financial Telecom LTD (HRCT 58% ownership)
Press releases: http://biz.yahoo.com/bw/990825/ca_hartcou_1.html
http://biz.yahoo.com/bw/990922/ca_hartcou_2.html
Website: http://www.asianetvest.com.hk

ISP joint venture:
Innostar (HRCT 35% ownership)
Press release: http://biz.yahoo.com/bw/991025/ca_hartcou_1.html
Website: http://www.innostar.com/zhuye/zhuyew.htm
ESAT agreement:
http://biz.yahoo.com/prnews/991129/ca_hartcou_1.html
website: http://www.esatinc.com

General:
http://biz.yahoo.com/bw/991115/ca_hartcou_1.html

Interesting articles:
http://www.ddinvestor.com/ click on HRCT… several good links
http://www.stockreporter.de/english/HRTCupd.htm
http://dailynews.yahoo.com/h/nm/19991104/wr/china_internet_6…

Latest News:
http://biz.yahoo.com/prnews/991130/ca_flamema_1.html

( Historical ) Press Releases / Filings:
http://biz.yahoo.com/bw/990818/ca_hartcou_1.html
http://biz.yahoo.com/bw/990825/ca_hartcou_1.html
http://biz.yahoo.com/prnews/990909/ca_hartcou_1.html

http://www.freeedgar.com/Search/FilingsResults.asp?SourcePag…


Other News/-Releases:
http://www.newsalert.com/bin/story?StoryId=Coc:tubKbytqWmZy&…
http://www.newsalert.com/bin/story?StoryId=Cocuhuc4bmdaWmdG&…

Corporate Snapshot:
http://www.tscn.com/wsc/Corporate_Snapshot.html?Symbol=HRCT&…



Interessant sind aus meiner Sicht vor allem einige links zu den Partnerunternehmen von Hartcourt, z.B. Innostar (www.innostar.com). Es lohnt sich wirklich, diese Seiten einmal aufzusuchen, und über Innostar wird im Moment ja eigentlich kaum geredet. Dann sollte man, da dies in Investos Überblick noch nicht geschieht, auch auf logicspace.com aufmerksam machen, eine Firma aus dem Silicon Valley, die zur Zeit offenbar an der Sinobull.com-Seite mitarbeitet. Auch hier lohnt sich ein Besuch der Homepage von logicspace, die Sinobull und StreamingAsia als Kunden verzeichnet und darauf hinweist, daß eine Kooperation mit der Financial Telecom of Hongkong besteht. Nicht alle Aktivitäten von Hartcourt werden uns also sofort über eine Pressemeldung mitgeteilt. Es geschieht offenkundig einiges im Hintergrund...und wir können uns nach wie vor überraschen lassen.

Gruß

Hollin


P.S.: Übrigens ist Bill Gates nächste Woche Gast bei "Wetten dass...?". Es kann ja mal jemand anrufen und nach Hartcourt fragen...na ja, wahrscheinlich kommt er schon von selbst drauf zu sprechen!

[RamonAllones]

Hallo Hollin,
ich danke Dir, daß Du mich erhört hast, es wurde langsam sehr unübersichtlich im alten Thread. Einen Dank natürlich auch an Investo, seine Zusammenfassung zu HRCT ist wirklich sehr gelungen.

Aber nun zu HRCT.
Es ist verdammt ruhig geworden um unsere Altersvorsorge. Ist das vielleicht die berühmte Ruhe vor dem Sturm oder besser gesagt vor den Hammernachrichten die uns erwarten, oder ist doch die Luft raus?

Bei mir ist auf jeden Fall die Luft noch nicht raus, ich bleibe "long", ich will diese Kiste endlich nach Hause fahren, ich meine da ist doch enormes Potential, nur andere Anleger müssen es endlich mal erfahren.
Alle springen nur auf Adultshop oder so seltsame Aktien wie Deepgreen, aber die Wenigsten erkennen die wahre Perle am Aktienmarkt, die da Hartcourt heißt.

Also, in dem Sinne : FORZA HARTCOURT !!!!!!

[Hollin]

Hier ein interessanter Forbes-Artikel über Legend von morgen:

24Jan2000 USA: Who Needs an M.B.A.?
By Justin Doebele.
Liu Chuanzhi knew little about computers and nothing about businesswhen he started Legend Holdings. That was $2 billion ago.

WHEN IT COMES TO SELLING personal computers to the world`sfastest-growing PC market, IBM, Hewlett-Packard and Compaq can`t holda candle to Beijing-based Legend Holdings. It`s a $2 billion(revenue)company that has captured 20% of the Chinese PC market, onethat climbed an estimated 25% in 1999 to 5 million units.
Legend, originally bankrolled by the Chinese Academy of Sciences in1984, started out by assembling PCs for the U.S.` AST. That businessquickly clicked. But in 1990 China cut tariffs on imported computers,exposing Legend and other local manufacturers to intense competitionfrom IBM, Compaq and others.
How to respond? In 1994 Chief Executive Liu Chuanzhi, an electricalengineer who once worked as a farm laborer during Mao`s CulturalRevolution, made a bet-the-company decision: Legend would startselling its own computers, branded under the Legend name. Itscompetitive advantage: Legend introduced a Chinese character systemfor computers in 1985.
It was the right response. By 1996 Legend was tied with IBMinmarket share, at 7%, and rapidly pulling away. "China, for most of ourforeign competitors, is still only a small part of their market," saysLiu, 55. "We are totally focused on this market."
Low Chinese wages, enough volume to get decent price quotes fromIntel for the microprocessors, local sourcing on most of the othercomponents and growing economies of scale mean Legend can sell PCs atan average price of $730, about 15% below the price of comparablemodels from its U.S. rivals. Legend distributes its machines (andnoncompeting computer products from other manufacturers) through itsnationwide network of 400 service centers and 40 retail shops. Itsarmy of 2,000-plus distributors is more than eight times IBM`s salesforce in China. Despite this deep distribution channel it has squeezeddown its inventories from 54 days of sales in 1998 to 26 days in thelatest quarter. Legend has low debt and $70 million in cash.
Where Legend is really setting itself apart from its rivals is itsembrace of the Internet. "They don`t want to be known just as a PCcompany," says Douglas Lee, a Goldman, Sachs technology analyst inHong Kong. "They want to be known for bringing the Internet to China."
One of its first steps in that direction came on Nov. 23 whenLegend unveiled its "Conet" PC. Packaged in a jazzy, Apple iMac-styledesign and offered in blue, green or purple, the Conet PC ispreprogrammed to allow users to log on to the Internet at the push ofa special button on the keyboard. Legend builds the set-top boxes forMicrosoft`s Venus project in China, launched a few months ago to bringthe Internet to the masses through their TV sets.
You can own a piece of this highly focused, well-managed companythrough ADRs traded in New York, symbol LGHLY. Public investors nowown 39% of Legend Holdings` $1.8 billion in market value.Intelligently, the Chinese Academy of Sciences has allowed the peoplewho created this pool of wealth to share in it. Liu and 27 otheroriginal employees have a stake worth nearly $840 million, with Liu`sshare valued at around $14 million.
Legend is one of only two Chinese companies to offer stock options(the other is China Resources Enterprises). Liu says the optionsattract and retain talented workers-a challenge that is about tobecome much more difficult as the Chinese economy opens up at anaccelerating pace.
We ask Liu if it is now politically correct in China to getseriously rich by starting and building companies. "We reporteverything we`re doing regarding employee wealth in the press," Liureplies. "That means the government approves of what we`re doing."
Copyright Forbes Inc. 2000
Not Available for Re-dissemination.

Source: FORBES 24/01/2000



Interessant auch in Bezug auf Hartcourt vor allem der Satz: "That means the government approves of what we`re doing."

Gruß

Hollin

[Hollin]

Dann will ich in einem Punkt noch einmal zurückkommen auf den aus meiner Sicht unsäglichen Artikel von McGill, der ja im letzten Thread zu heftigen Auseinandersetzungen geführt hat. Ich habe zu den meisten Punkten des Artikels bereits Stellung genommen und kritisiert, daß McGill meint, sich der Mühe entheben zu können, eigene Recherche zu betreiben. Übersehen habe ich dabei noch folgenden Punkt:
McGill schreibt: "Yet www.stockstar.com.cn, www.99stock.com, and www.kangxi.com all had online stock trading on the dates of those writings." (Diese Zusammenstellung ist übrigens direkt abgeschrieben aus einem dieser Tage erschienen Artikel, den ich auch gepostet hatte. Es steht zu vermuten, daß McGill darüber hinaus nichts über die genannten Unternehmen weiß.) Die Kritik von McGill ist diesen Punkt betreffend jedoch substanzlos. Als Beleg folgender Artikel:

Foreign Participation In China’s Internet Sector Remains A Major Issue For 2000
By Gary Chen, ChinaOnline

Foreign investment in China`s Internet sector is "no longer an issue".

The Internet community remembers Barshefsky saying that after she signed the WTO pact with China in November 1999.

The Internet community cheered and wished it were true.

Unfortunately, she was right only to the extent that it was "no longer an issue" for her as a WTO negotiator.

Wu Jichuan: "Supervising The Internet Is A Very Complicated Issue"

In late December 1999, Wu Jichuan, Minister of Information Industry, admitted that supervising Internet business is a "very complicated issue", and said that his ministry’s principle is "to encourage the good and to correct irregularities in order to promote growth".

He reiterated that foreign investors need government approval and licenses to enter China’s Internet sector despite the WTO pact.

According to the current rules of the Chinese government, foreign participation is not allowed. Yet data show that as much as US$100 million in foreign investment has been poured into China and that more than 50% of ICPs have foreign funding.

Wu’s "complicated process" will first have to cope with the existing players in foreign funding. As he said: "First things first. Violations of the rules governing the participation of foreign companies in Internet service providers and ICP services must be rectified. Resolving the problem would enable others to compete on an equal footing with existing foreign investors. Otherwise, WTO principles are violated".

More Regulators To Be Seen In The Supervision And "Rectification"

Wu said on another occasion (December 17) that "ISPs will be regulated by the MII. ICPs will be regulated by other government agencies." With regard to ecommerce, "more agencies will have to get involved".

In a recent talk with a Chinese financial magazine, he made it more clear that "ICPs will be reviewed and examined by different government agencies according to the types of content they provide before the MII allows their approved content to appear on public networks. For the ISP business sector, the MII is the agency authorized to review, approve and grant operation licenses."

It is obvious that Wu has never been willing to step into the territory of Ding Guangeng, the head of the Party’s Propaganda Department; consequently, redundant administration is required, meaning that more Chinese regulators must be involved in the "complicated" supervision process, making this issue bigger and more complex.

The Propaganda Department recently took actions to "standardize" Web-based news operations.

The China Securities Regulatory Commission (CSRC) is still working on the nation’s rules for online trading, which were expected to come out by the end of 1999.

The State Administration of Radio, Film and Television issued a circular stipulating that the broadcasting of any radio or TV programs and films through any China-based information networks, including the Internet, must be approved by the agency.

Still An Issue For Foreign Players

We still do not know how the MII and related organizations will "rectify" those cases in which foreign investments were thought to have been made in violation of existing rules. One cannot get any clues from Wu’s remarks in which "rectification" and "correction" could be interpreted as either tolerance for has already happened or as grandfather clauses.

However, if China Unicom sets a citable precedence, investors should have some idea, like it or not, as to what "correction" or "rectification" means.

Interestingly, in December Wu reaffirmed the government’s disapproval of the now-banned "China-China-Foreign" ventures, which allowed foreign funding into China Unicom. He urged China Unicom and its investors to terminate such contracts as soon as possible.

By Which Rules?

By current rules, if no foreign participation is permitted, will existing ISPs or ICPs with foreign funding "terminate their contracts" as China Unicom was asked to do?

By the new rules that the MII is still working on, namely, that 49% of shares may be foreign-owned now and that percentage can increase to 50% in two years, it will be very interesting to watch how the CFOs at Sohu, Zhaodaola, Focus, Sinanet, MadeforChina, Chinabuzz, Chinabyte and many others do their equity ownership math.

Most of the Internet players in China provide both ISP and ICP services. Wu, in a recent talk, has already hinted at the complexity of the calculation: "Careful case-by-case analysis is needed to distinguish how much is ISP-related and how much is ICP-related. ICP work is not within the MII’s jurisdiction". In other words, it is up to other agencies to assess the ICP part and determine the percentage of foreign involvement.

Then the next step for those who own more than 49% of the stakes is to cut it down to that ceiling. And those with full foreign funding have to make an either-or choice: to "marry" a local partner or ….

JVs with 49% or 50% foreign ownership do not grant much management control power to outside investors. How can foreign investors be assured that operations will take the direction they wish? This seems to be a bigger headache for ICPs in particular. Their Chinese partners must follow not just the regulations known to the public, but also unwritten rules.

Surveys suggest that the biggest concern for foreign investors is lack of adequate control over operations. That indirectly explains why the Chinese made majority control a major issue in WTO negotiations.

More Money and More Competition for Chinese Players

Now many VC and investment firms, including Softbank, Merrill Lynch, Goldman Sachs & Co, Lehman Brothers and IDG, are formally testing the waters in China, holding various VC seminars and aggressively hunting for investment targets. Reportedly, estimated VC ranges from US$100 million to US$2.7 billion.

Foreign capital comes with increasing competition."Equal footing" means loss of certain advantages, particularly financial, enjoyed by local giants like Sohu and Sina.com that grew up with foreign funding before the WTO pact. It is expected that many powerful local competitors with comparable financial resources will emerge soon. Tom.com is challenging China.com, Focus.com and oWOW.com are squeezing in to grab market shares from Sina.com and other first movers, and China.eCommerce.com was not launched to be a company for 8848.net.

It would not be surprising to see further reshuffling in ISP and ICP sectors and a change in their ranking in the next CNNIC survey.

Competition brought by foreign capital may hit small- and medium-sized local players harder if they fail to cash in on what the Chinese call the "new wave of foreign capital influx". However, more foreign capital may see the imminent disappearance of struggling local ISPs and ICPs.

There are, for instance, a few dozen independent securities-related Web sites in China. As they are IT backed but not affiliated with brokerage firms, most, including such hot brand names as Stockstar, Stock2000 and 99Stock, have been struggling to survive by providing ISP services for brokerage firms or supplying financial information to traders rather than conducting online transactions.

They are very concerned that the WTO pact may provide the best opportunities to local Chinese brokerage firms seeking to attract foreign money and develop their own sites for online trading. In addition, if the CSRC grants only state-owned brokerage firms permission to handle online trading, this last straw could kill those independent ISPs or ICPs in the financial service sector.

The "gold rush" engaged in by foreign investors also poses a tremendous challenge to China’s banking and investment system. Duan Yongji, the former chairman of the Stone Group, admitted that the sale of Stone-Rich shares to foreign parties was not a voluntary decision on the part of the firm but rather a consequence of the lack of a mechanism in China for boosting high-tech growth.

Wang Zhiguo, vice chairman of the National Association of High-Tech Entrepreneurs of China, warned that a slow reaction by the Chinese side would leave fewer profitable opportunities for local players.

For all players, regulators or operators, foreign or domestic, foreign capital entry into China’s Internet sector remains a major issue.




Wichtig in diesem Zusammenhang vor allem folgender Abschnitt:

There are, for instance, a few dozen independent securities-related Web sites in China. As they are IT backed but not affiliated with brokerage firms, most, including such hot brand names as Stockstar, Stock2000 and 99Stock, have been struggling to survive by providing ISP services for brokerage firms or supplying financial information to traders rather than conducting online transactions.

They are very concerned that the WTO pact may provide the best opportunities to local Chinese brokerage firms seeking to attract foreign money and develop their own sites for online trading. In addition, if the CSRC grants only state-owned brokerage firms permission to handle online trading, this last straw could kill those independent ISPs or ICPs in the financial service sector.


Das hat McGill natürlich nicht recherchiert. Denn genau dies ist bei Hartcourt/Sinobull gegeben. Sinobull ist "affiliated with brokerage firms", und zwar mit Hua Xia, dem zweitgrößten Broker Chinas. Wo andere also offenbar noch zittern müssen, auf die WTO-Vereinbarung setzen (ich denke, sie können dies auch mit berechtigtem Optimismus tun), ist Hartcourt/Sinobull bereits einen entscheidenden Schritt weiter (abgesehen mal von dem Settop-Box-Projekt, das ebenfalls einen gravierenden Wettbewerbsvorteil verspricht). Von diesen Zusammenhängen hat McGill offenkundig nicht die geringste Ahnung.

Dies nur noch einmal zur Ergänzung und gegen die sogenannten Fakten, die McGill präsentiert. Ich hoffe, Alanso, du kannst in diesem Punkt mit mir übereinstimmen.

Gruß

Hollin

[1802]

Wie es sich ja bereits herumgesprochen hat, wurde ASAT jüngst von
stockreporter.de empfohlen. Kursziel $ 18,- (aktuell € 5,20 FFM).
10% gehören bereits Hartcourt und es besteht eine Option zum Kauf
auf weitere 10% (Insgesamt 4 mil. Aktien - Gesamt gibt es ca. 18mil)
ASAT Potential wird als überdimensional dargestellt. Nachfolgend ein
kleiner Auszug aus der Empfehlung, in dem Hartcourt genannt wird.



Then the Company closed out November with a huge bash, forging a strategic alliance with The Hartcourt Companies Inc. (OTC BB: HRCT; Frankfurt: HCT) that provides eSAT with new business opportunities in Asia and further potential for a substantial long-term revenue stream, thus enhancing shareholder value. Project implementation is expected in late March 2000, with ASAT ultimately providing services throughout China. Hartcourt is an exciting strategic partner for eSAT since it was formed earlier this year to facilitate the creation of the first satellite-based Chinese national wireless ISP and to develop an IP phone network. Hartcourt is also extremely bullish on ASAT`s expansion prospects and has agreed to purchase 2,000,000 common shares of eSAT with an option to buy an additional 2,000,000 shares (for a total 20 percent ownership position). The alliance with Hartcourt brings ASAT into a truly phenomenal target market with China now the fastest-growing market for ISPs and expected to be the world`s largest by 2007.

(Quelle stockreporter.de)

1802

[Peanuts]

In zwei Jahren werden die Chinesen nach den Amerikanern die zweitgrößte Nationalitätengruppe im Internet sein. Bis 2002 sollen 61 Millionen der 1,2 Milliarden Chinesen im Netz surfen, schätzt die Wirtschaftszeitung „Jingji Shibao“. Den Angaben zufolge wird China auch Deutschland, Großbritannien und Frankreich überholen.

Der typische chinesische Internet-Benutzer ist männlich, alleinstehend und zwischen 18 und 30 Jahre alt. Von den heute 8,9 Millionen Netsurfern in China seien 79 Prozent männlich und 64 Prozent Singles, berichtete die amtliche Nachrichtenagentur Xinhua. Im Schnitt surfen sie jede Woche 17 Stunden im Netz. Jeder fünfte chinesische Internet-Benutzer lebt in Peking. Mehr als die Hälfte sucht Informationen oder aktuelle Nachrichten. China hat 35,6 Millionen E-Mail-Adressen, davon 26,7 Millionen über den kostenlosen Microsoft-Dienst Hotmail.

[Silberstuermer]

Hallo Hollin,

ich kann nur sagen, dein research ist wirklich umwerfend. Besten Dank dafür! Mich hat deine Stellungnahme zu McGill wirklich überzeugt (auch schon im letzten Thread). Nochmals Danke für deine Mühe!

Silberstuermer

[panik]

hallo
hat jemand was neues gehört, im bezug auf das nasdaq listning.

[RamonAllones]

Hallo Panik,

leider gar nichts Neues im Hartcourt-Land?
Werde mich jetzt ausklinken, bis morgen.

FORZA HARTCOURT !!!!!!

[panik]

schade,na ja,dann noch ein bischen geduld.
grüße panik

[goodbye cruel world]

Hallo panik !!!

Lies man in Theard X nach!!! (letzter Beitrag)

MfG cruel

[panik]

hallo goodbye cruel world,kannst du mir in kurzform,mal erläutern,was es da gibt,finde es nicht.danke!(ich hoffe positiv)

[madman242]

panik: Ich denke cruel spielte wohl auf `ne Aussage aus
dem RB-Board an:

"Dr. Phan never promised to file by Friday. His statement was that the
attorneys promised to have the paperwork done by Friday. If that occurred,
it may have been Fedexed on Friday and NASD will receive it tomorrow. If
that is the case then we will probably get a PR on it tomorrow night. If
they actually got it out on Thursday then we might see a PR tonight. Several
people who talked with HRCT on Friday including grandpa said they were told
things were on track. You will have to make your own assumptions as to what
that means."

Ist zwar mehr als kurzsichtig, aber auch mir wäre wohler, käme
morgen vor Börsenbeginn die Bestätigung, dass der Antrag abgeschickt
wurde ("wohler" im Sinne von: "...hat bisher alle Ankündigungen eingehalten.")

Gute Nachrct, äh, Nacht natürlich ;-)

madman242

[madman242]

...und noch `ne Kleinigkeit: Hiess es noch letzte Woche im RB-Board,
dass Dr Phan eine Firma zur CEO-Suche beauftragte, hofften heute einige
RB-Leute auf Bekanntgabe des Direktoriums schon für kommende Woche???
Sollte so eine Suche nicht mindestens mehrere Wochen in Anspruch nehmen,
oder hab ich da was falsch verstanden?

Gruss,

madman242

[l_o_g_o]

News zum Nasdaq-Apply von Hartcourt:
http://biz.yahoo.com/bw/000123/ca_hartcou_1.html


Sunday January 23, 8:04 pm Eastern Time

Company Press Release

Hartcourt Applies For Nasdaq NMS Listing

LONG BEACH, Calif.--(BUSINESS WIRE)--Jan. 23, 2000--The Hartcourt Companies Inc. (OTC:HRCT - news; Frankfurt:HCT), www.hartcourt.com, today announced that HRCT has submitted its application to The Nasdaq Stock Market Inc. to be listed on their National Market System.

Dr. Alan Phan, Chairman & CEO of Hartcourt, said: ``Since we met all stated requirements in terms of market capitalization, share price, net tangible assets , number of shareholders and market makers, we hope that the approval process will be completed quickly. The Nasdaq listing will allow the institutional investors to own Hartcourt shares, creating a larger shareholders` base, in addition to our existing retail base. The
increased exposure will also allow opportunity for coverage, analysis and research from major brokerage firms.``

Hartcourt`s mission is to become the leading Internet company in China. During the past 8 months, Hartcourt has acquired and merged 5 Chinese Internet companies to create a major financial services and data providers for Chinese investors. The merged entity, Sinobull.com, will have more revenue and earning than any existing Chinese financial portal. It is comprised of:

UAC, the first national online stock trading system;
Shangdi Network, the premiere financial data provider;
Guo Mao, the best commodities and futures data provider;
FTL, the oldest financial data house of Hong Kong and
StreamingAsia.com, the popular Web designer and software engineering group.

Sinobull.com commands a unique market position thanks to existing brand names and licenses from its subsidiaries, especially Hua Xia Info.

Last week, Hua Xia Info announced the launch of stock trading cable set top boxes, in joint venture with Legend, the largest computer maker in China, and Microsoft (Nasdaq:MSFT - news) the biggest software company in the world. These boxes will allow Chinese investors to trade stock online in the comfort of their homes, via a network designed by UAC. Ernst & Young was engaged to prepare a business plan to enable Sinobull.com to plan an IPO in the second quarter of 2000.

In addition, Hartcourt has another joint venture with Innostar of Beijing and eSat Inc. (OTC:ASAT - news), which will create the first and only wireless ISP network and IP phone system across China via satellite.

We would like to correct the statement that Chinadotcom (Nasdaq:CHINA - news), another leading Internet company in China, is a Chinese company and not an American company as previously mentioned in our last release.

For further information, visit our Web site at www.hartcourt.com.

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

[RamonAllones]

Hallo Hartcourt-Freunde,

hört sich ja gut an, dann kann es ja endlich los gehen.

FORZA HARTCOURT !!!

[panik]

guten morgen,
jiepieyeahhhhhhhh,endlich das oder der nasdaq listning ist da,jiepieyeahhhhhhhhhh,was für ein schöner morgen!

[panik]

hallllllllo,aufstehen,wir kommen an die(oder der ?`)nasdaq,freu!

[RamonAllones]

Hallo Panik,
auch ein Frühaufsteher??
Tolle Nachrichten,aber was wird uns das für unsere Aktie am heutigen Tag bringen?
Bin sehr gespannt!

FORZA HARTCOURT !!!

[flipflop]

JJJJUUUUUUCCCCCCCCHHHHHHHHHHHHHHHUUUUUUUUUUUUUU !!!!!!!!!!!

Na dann mal los !!

Und immer wieder kommen tolle Nachrichten.

[fuel cell]

[BusterNo1]

Wer gibt da einen Nasdaq- Wert für 16.30 her ???

[dexter]

einen wunderschönen guten morgen (gähn)

na wenn das mal keine guten news sind.

grüße dx

ps: wie schafft ihr es nur so früh aufzustehen?

[panik]

la la la,jiepiehie,lala(bin happy!),hey leute wo seit ihr!

[RamonAllones]

Hallo Panik,
zwischendurch muß ich für mein Geld auch mal ein bißchen arbeiten.

Du erwartest anscheinend sehr viel für heute, meinst Du die Amis werden heute genauso positiv auf diese Nachricht reagieren?
Es wäre ja schön wenn mal wieder etwas Bewegung in die Aktie kommt.

[fuel cell]

10:28 - 17,4 E

[kain]

Guten Morgen

Panic:Naturlich sind wir alle da schon lange,aber wie das Hollin sagt "erst Ordern,dann schreiben"

Ramon:Was letztendlich die Amis Heute machen werden wissen wir wie immer ab 15.30,aber wenn man sich so auf dem RB-Board umsieht,dann darf man sehr hoffnungsvoll auf deren heutige Reaktion warten.
Nachdem die Meldung offiziel war haben sie in breiter Masse angefangen
von Millionen zu träumen.Einige haben gefragt wo man RT Kurse von Frankfurt sehen kann,weil sie eben auch gespannt sind,ob die Deutsche
auch so Positiv die Meldung sehen wie die eben.
Also Leute-GAS GEBEN
Ciao
kain

[flipflop]

Problem bleibt doch aber vorerst:

Es bringt nichts, wenn alle ihre Aktien halten und von Millionen träumen, wenn es keine Neueinsteiger gibt.

Deshalb gebt HRCT doch etwas Zeit. Ob nun heute mit Schubrakete oder kontinuierlich in den nächsten Tagen, ...

Nach und nach werden andere Anleger aufmerksam.

Bis dahin laßt uns doch träumen.

Gruß
ff

[Alanso]

na endlich mal wieder eine nachricht.

freut mich natürlich, und ein wenig bewegung sollte dadurch kurzfristig in den kurs kommen. alle, die jetzt die nächsten riesen(!) sprünge erwarten, sollten zur vermeidung von enttäuschung allerdings ihre erwartungen vorsichtshalber nicht zu hoch schrauben, sonst ist das warum-steig-der-kurs-denn-nicht-gejammere wieder groß. daß hrct an die nasdaq will ist nichts neues und insofern sicherlich schon zumindest zum teil eingepreist. und daß es dem kurs wenig nützt, wenn die hrct-aktionäre ihre millionen-träume hier und bei rb posten, hat flipflop schon treffend festgestellt.

dennoch verringert die akt. nachricht natürlich die skepsis.

entscheidender - und damit m.e. kursbewegender - dürfte neben einer deutlich forcierten, auf neue aktionäre abzielende pr-arbeit seitens phan/hrct das sec-filing für die swartz-finanzierung sein. denn erst dann kann hrct endlich (weiteres) business REALisieren und aus plänen und träumen wirklichkeit werden lassen. außerdem hat hrct dann vielleicht endlich die möglichkeit, auch mal echtes gld in die pr-arbeit zu pumpen und damit die schon seit monaten versprochenen pr-campaigns durchzuziehen. (wie heißt es so schön: ohne moos nix los)

hollin: betreffend Deiner letzten mcgill-recherche stimme ich dir natürlich zu.

[Alanso]

noch ein nachtrag betreffend der frage, wie sehr eine meldung in der breite auf den kurs "durchschlägt":

wenn man sich das volumen der letzten wochen anschaut, stellt man fest, daß es weit unter dem avg.vol. liegt (so auch aktuell bei uns in d). erst wenn das volume wieder deutlich anzieht, deutet das darauf hin, daß nennenswert neue anleger einsteigen und somit die nachfrage nach hrct steigt.

natürlich kommen dann auch wieder die daytrader und deren basher-attacken. die konnten aber bisher immer gut abgewehrt werden, weil offensichtlich etliche der neu-aktionäre sich zu einem long-and-strong comitted haben. schließlich hat sich der hrct-kurs in den letzten monaten bei allen volatilen ausschlägen nach der jeweiligen "schlacht" stets auf einem höheren niveau stablilisieren können.

in dieser hinsicht muß man den daytradern und shorties eigentlich dankbar sein, denn das durch deren handeln erhöhte volumen schafft natürlich auch aufmerksamkeit für hrct.

[gurkus]

Moin,Moin,

Was können wir eigentlich wirklich von einem Nasdaq-Listing erwarten ?

Bessere PR ?

Ein größeres Ansehen ?

Fondskäufe, die bislang nicht erlaubt sind ?

Empfehlungen von größeren Brokern oder Research-Instituten ?

Hat jemand ideen über evtl. Nachteile ?

gruß

gurkus

[Hollin]

Hallo gurkus,

also...Nachteile fallen mir so spontan nicht ein.

Alanso, danke für deine Zustimmung.

Gruß

Hollin

[Peacesmoker]

Hallo alle,

also das beste an der Nachricht (auch wenn sie vielleicht schon eingepreist ist) ist doch das Dr. Phan Wort gehalten hat.
Es wäre schon ziemlich schlecht gewesen, wenn wir noch ein paar Wochen hätten warten müssen bis wir den Antrag zur NASDAQ sehen.
Nachdem ich mich ja letzte Woche (wie so einige) etwas vertan hatte was die Reaktion der Amis auf das Meeting anging, denke ich aber das wir heute durchaus die 20 sehen könnten.

Peacesmoker

[NETMAN1]

Fantastisch, diese News. Der HRCT-Traum nimmt immer mehr Form an, ich zweifle ehrlich geagt kaum noch am Erfolg dieses Unternehmens.
Tja gurkus, du hast ja schon einiges genannt, was vom NADAQ-Listing zu erwarten ist.Endlich werden Fondsmanager in größerem Stil einsteigen können (Internet-,Asien,Chinafonds), eine bessere PR und die Aufmerksamkeit zahlreicher Analysten werden HRCT sicher sein und die Volatilität wird deutlich zurückgehen.

Also was wollen wir mehr, da kann man sich doch nur freuen.

NETMAN

[Alanso]

gurkus/netman:

die anforderungen und regularien sind bei der nasdaq deutlich höher, das ganze segment kann als deutlich "seriöser" als der otc-handel bezeichnet werden. wenn hrct also tatsächlich an der nasdaq gelistet wird, erhöht dies in dieser hinsicht das ansehen und sicherlich auch das vertrauen. außerdem gibt es natürlich fonds, die dann in hrct anlegen können.

letzteres (fond-investments) sowie mehr pr oder empfehlungen sind jedoch absolut kein automatismus. auch an der nasdaq gibt es genug unternehmen, die weder in fonds sind, noch von analysten gecovert werden noch über das "nur-eigene-pressemeldungen-stadium" hinaus gekommen sind. für all das muß hrct sicherlich noch einiges tun (finanzierung endlich sichern, bessere pressearbeit...)

netman: wie kommst Du darauf, daß die volatilität zurück gehen könnte?


negatives fällt mir - wie schon hollin - auch nicht ein (obwohl ich mir große mühe gegeben habe )

[gurkus]

Hallo,

habe einen tollen Link zu China gefunden.

http://www.odci.gov/cia/publications/factbook/ch.html

gruß

gurkus

[madman242]

Ist mit der Erfüllung der Kriterien und dem Absenden
des Antrags das Listing garantiert, oder kann es
irgendwelchen Einwände der SEC geben?

Posting 41120 aus dem RB-Board:

http://www.ragingbull.com/mboard/boards.cgi?board=HRCT&read=…

Frage: Was bedeutet das für Hartcourt???

Danke,

madman242

[Hollin]

Hallo madman242,

garantiert ist das Listing damit natürlich nicht, sonst müßte der Antrag ja nicht geprüft werden. Ich gehe aber davon aus, daß die Vorarbeit der Anwälte von HRCT gründlich war (nicht umsonst mußten wir etwas warten) und alle Kriterien erfüllt sind.
Ich habe hier übrigens noch eine Meldung gefunden, die, wenn ich es richtig interpretiere, darauf hindeutet, daß es bereits größere Einkäufer gibt:


24Jan2000 USA: Holders Register HARTCOURT COMPANIES INC Stock.
FFBN SOURCE: FORM144

ISSUER: HARTCOURT COMPANIES INC
SYMBOL: HRCT

FILER: ALTIUS INVESTMENT CORP
TITLE: Shareholder
BROKER: CROWELL WEEDON & CO
SHARES REGISTERED: 50000 DATE REGISTERED: 01/10/2000

FILER: MAZIN JOSPEH & DONNA TTEES
TITLE: Shareholder
BROKER: CROWELL WEEDON & CO
SHARES REGISTERED: 50000 DATE REGISTERED: 01/10/2000



06:08.
(Copyright (c) 2000, Dow Jones & Company, Inc.).

Source: DOW JONES FEDERAL FILINGS NEWSWIRE 24/01/2000



Gruß

Hollin

[NETMAN1]

Hallo Alanso, die geringere Volatilität erkläre ich mit größeren Tagesumsätzen und einer größeren Zahl Institutioneller, das heißt im Klartext, bisher wurde der Kurs schon durch sehr geringe Umsätze und niedrig limitierte Orders "manipuliert", dies ist nun schwieriger möglich.
Deshalb sind stabilere Kurse zu erwarten.

Netman

[Alanso]

netman: einverstanden (Dein wort in gottes ohr )

hollin: sehr interessant. wie Du unter http://www.sec.gov/Archives/edgar/data/37358/0001047469-99-0… sehen kannst, hängen beide übrigens offensichtlich mit flamemaster zusammen, die ja auch bei yahoo immer wieder in den hrct-news auftauchen.

hatte noch keine zeit bzw. lust, mir flamemaster näher anzuschauen. haben die irgendeine nennenswerte bedeutung für hrct? weiß da wer näheres?

[Hollin]

Nochmal kurz zu meiner Meldung weiter oben (auch wenn sie natürlich nicht so interessant ist wie das Nasdaq-Listing). Also, Joseph Mazin ist der CEO von Flamemaster, die ja bekanntlich ohnehin schon Anteile an HRCT halten (hier ist also offenbar aufgestockt worden):


19Jan2000 USA: FLAMEMASTER CORP. DIRECTOR, PRESIDENT AND CEO FILES SEC FORM 4.
WASHINGTON, DC, Jan. 18, 2000 (States via COMTEX) - Joseph Mazin of Sun Valley, CA, a Director, President and CEO of Flamemaster Corp. (SYMBOL: FAME), accumulated 300 shares for $5.90 each on December 28, 1999. Joseph Mazin currently owns 658,750 shares. A Form 4 reporting the transaction was filed with the Securities and Exchange Commission on January 07, 1900.

Copyright States News Service, all rights reserved.

Distributed via COMTEX News.
Source: STATES SEC NEWSBRIEFS 19/01/2000


Altius Investment taucht ebenfalls im Zusammenhang mit Flamemaster auf (wie an Hartcourt hält Flamemaster auch Anteile an Altius Investment):

Flamemaster holds an approximately 19% stake in PerfectData Corp. and, in addition, holds modest stakes in Altius Investment Corp., The Hartcourt Companies (OTCBB:HRCT), Staruni Corp. (OTCBB:SRUN) and Cohesant Technologies (Nasdaq:COHT)


Daß hier Beteiligungen aufgestockt werden (laut Filing von heute bereits am 10.1.2000), kann wohl als gutes Zeichen interpretiert werden.

Gruß

Hollin

[panik]

aktuell 18,80euro,heute wird endgültig ,die 20$ gecknackt.

[l_o_g_o]

Madman, natuerlich kann es irgendwelche Gruende geben - auch wenn
das Filing seitens Hartcourt sehr gewissenhaft vorbereitet wurde.

In dem Posting (siehe auch den angegebenen Link zu den *Listing
Requirements* auf der Nasdaq Site) geht es nur um das Thema
*Independant Directors*.
Bei mir kommt zumindest die Vermutung auf, dass die alten
im Dezember bei Hartcourt ausgeschiedenen Directors diese
Ansprueche der Nasdaq eben nicht erfuellten, und Hartcourt mittlerweile
Directors gefunden hat, ohne dies offiziell bekanntzugeben.

In jedem anderen Fall waere die Nasdaq-Apply-PR ein Schuss ins
eigene Bein gewesen, denn noch amselben Tag hatte dies irgendein
Shareholder herausgefunden - und keine News sind so schlecht wie
die, dass sich das Listing verspaetet (womit man allerdings
trotzdem rechnen sollte). Eher ist denkbar, dass nun bald die
Directors bekanntgeben werden.

[l_o_g_o]

Madman, zu der von dir weiter oben angestellten Vermutung:
Die CEO-Suche wird von der Headhunter-Firma weitergefuehrt,
die Suche nach dem CEO dauerte ja auch schon lange an, und war aus
verschiedenen in Hartcourt-Veroeffentlichungen zu lesenden Gruenden
bisher nicht erfolgreich.
Die Suche beschraenkt sich aber nicht nur auf den CEO, sondern es
wird auch ein CTO gesucht und scheinbar noch weitere *Directors*.
Wenn Phan ein namhaftes Profi-Team zur Seite steht duerfte dies
nochmals etwas Entspannung fuer die kritischen Shareholder bringen.

[l_o_g_o]

Madman, zu der von dir weiter oben angestellten Vermutung:
Die CEO-Suche wird von der Headhunter-Firma weitergefuehrt,
die Suche nach dem CEO dauerte ja auch schon lange an, und war aus
verschiedenen in Hartcourt-Veroeffentlichungen zu lesenden Gruenden
bisher nicht erfolgreich.
Die Suche beschraenkt sich aber nicht nur auf den CEO, sondern es
wird auch ein CTO gesucht und scheinbar noch weitere *Directors*.
Wenn Phan ein namhaftes Profi-Team zur Seite steht duerfte dies
nochmals etwas Entspannung fuer die kritischen Shareholder bringen.

[Hollin]

Man sollte sich auch klarmachen, was es bedeutet, daß HRCT unmittelbar den Sprung an den National Market anstrebt und nicht z.B. am Small Cap Market. Hier ist eine Meldung eines anderen Unternehmens (bislang Small Cap) von heute, daß die Zulassung für den National Market bekommen hat. Daraus kann man die gewaltige Differenz ersehen, die zwischen diesen beiden Marktsegmenten besteht:



24Jan2000 USA: Nasdaq Approves Total Research Corporation For National Market Listing. 13:02 GMT
PRINCETON, N.J.-(BUSINESS WIRE)-Jan. 24, 2000-Total Research Corporation (NASDAQ: TOTL), the international marketing research firm, today announced that Nasdaq approved the trading of its common stock on the Nasdaq National Market. Previously, Total Research stock was traded on the Nasdaq SmallCap Market. To move from Nasdaq SmallCap Market to the listing on the Nasdaq National Market, firms must meet stringent quantitative and qualitative requirements governing financial, capitalization and corporate governance standards. As the market for Nasdaq`s largest and most actively traded securities, the Nasdaq National Market lists more than 4,400 securities, including some of the largest, best known companies in the world. "We have worked hard to meet the stringent standards required by Nasdaq for National Market listing," said Total Research President and CEO, Al Angrisani. "This landmark event for Total Research is the best acknowledgement possible for the outstanding financial and operating performance of this company over the past three years." Total Research Corporation specializes in the development and application of predictive marketing research and other advanced research technologies. Total Research also provides integrated marketing services, including e-products and services used to assist clients worldwide in applying information and insight to marketing practices through the point of sale. The Company is based in Princeton, New Jersey and has other offices in London, Buenos Aires, Detroit, Minneapolis, Poughkeepsie, NY and Tampa.

CONTACT: Thacker & Frank PR Tom Rosenthal, 609/490-0999 ext. 13 [e-mail].

Source: BUSINESS WIRE 24/1/2000



Wichtig vor allem folgende Sätze:

"To move from Nasdaq SmallCap Market to the listing on the Nasdaq National Market, firms must meet stringent quantitative and qualitative requirements governing financial, capitalization and corporate governance standards. As the market for Nasdaq`s largest and most actively traded securities, the Nasdaq National Market lists more than 4,400 securities, including some of the largest, best known companies in the world."


Und Hartcourt strebt ohne Zwischenstation den Sprung vom OTC-Wert zum National Market an. Ich kann mir nicht vorstellen, daß dies ohne gründliche Vorbereitung geschieht (man hätte ebenso gut ein Listing am SCAP beantragen können). Die Perspektiven scheinen also sehr gut zu sein. Und wenn das Listing kommt, dann wird aus dem obigen Bericht ersichtlich, welche Bedeutung damit verbunden ist.


Gruß

Hollin

[fussnote]

hallo alle,
habe nicht mitbekommen warum: heute US markets closed !
gruss fussnote

[fussnote]

sorry - war um eine minute zu früh dran !
don`t panik fussnote

[kain]

Habt ihr das mitgekriegt?
In Amiland hat gerade jemand 10.000 ST zu 17$ gekauft.Ne menge Cash würde ich sagen und das für ein OTC Wert
Aktuell 17,125$
Bid 17 3/8
Ask 17 1/2

[madman242]

Dank an l_o_g_o und Hollin, sehr interessant!

[fussnote]

Last Trade
10:10 AM - 17.7500
Change +1.3750 - (+8.40%)
Volume 64,600
gruss fussnote

[Hollin]

Im RB-Board wurde die Frage aufgeworfen, worin die Vorteile eines Nasdaq-Listings denn eigentlich liegen sollen. Und als Antwort wurde ein sehr interessanter link angegeben:

www.nasdaq.com/about/benefits.stm


Lohnt sich wirklich, dies alles einmal aufmerksam durchzulesen.

Gruß

Hollin

[kain]

Sehr seltsam.
Wärend der Kurs in USA von 17 auf 18$ klettert sinkt er in D von 18,.. auf 17,30€

[kain]

Hat jemand ein Order von 100.000 St in USA gesehen?.
Ich war jetzt zwei Stunden nicht Online und plötzlich lese da in
RB:

"100,000 share institutional buy!!

That certainly can not hurt!!

First time I have seen any activity on that site for HRCT"

Wäre eigentlich ein sehr gutes Omen.
Ciao
kain
PS.Seht euh die Seite an
http://www.thomsoninvest.net/iwatch/cgi-bin/iw_page

[gurkus]

Junge Junge,

gerade mal Montagabend und schon wieder 54 Threadbeiträge.

Wie soll das bloß weitergehen ? Wenn ich das alles als Papier im Ordner hätte, was hier bislang veröffentlicht wurde, müßte ich schon neue Ordner kaufen.

Auf jeden Fall ist wieder ein Schritt geschafft und wir dürfen den nächsten Wochen glaube ich nach wie vor optimistisch entgegensehen.

In diesem Sinne

gruß

gurkus

P.S.

Hallo gurki, nett eine/n nahezu Namensvetter zu haben

[KKFranken]

Kaufsignal an alle, die meine Verkaufsperformance kennen:
Ich werde mich morgen den US-"Schwach"-Zockern anschliessen und meine Mini-Gewinne bei Hartcourt realisieren !
Wenn die Meldung von der Anmeldung zum Nasdaq-Listing zu einer solchen performance in den USA führt, war wohl vieles eingepreist oder von Dr. Phan bereits angepreist ;-) !
Deshalb: Strong Buy und viel Glück mit HRCT für die Verbleibenden ;-) !!!
MfG KK

[Hollin]

Hmmm...irgendeiner bremst immer, entweder die Deutschen oder die Amerikaner. Hat mich ja richtig überrascht, daß der Wert heute in Deutschland eigenständig bis auf 18,8 hochgelaufen ist. Tja, leider haben die Amerikaner nicht wie erwartet reagiert. Dennoch: die Aussichten sind so gut wie nie. Für jeden, der Hartcourt langfristig hält, kann der heutige Tag kein Problem sein. Ich hatte auch mehr erwartet, aber warten wir mal die nächsten Tage ab. Hartcourt ist im Zeitplan, und es steht immer noch einiges an. "After hour" steht HRCT übrigens wieder bei 18 US$...also nicht verzagen. Vielleicht sehen wir ja nun statt der Explosion einen stetigen Anstieg. Wichtig ist in jedem Fall, daß HRCT "real" seinen Weg macht, dann wird sich dies auch im Kurs niederschlagen.

Gruß

Hollin

[madman242]

Naja, hätten die Zinsängste nicht so auf den Hightechmarkt
gedrückt, dann wäre D von den Amis wie zuletzt meist
outperformed worden. Erst in den letzten Handelsstunden
hat der Kurs federn gelassen. Sollten das gestern erste
Ausläufer einer anstehenden Korrektur gewesen sein, so wird
das Hartcourt hoffentlich nicht so übermässig stark betreffen,
da ja das Geschäftsfeld in China und nicht Amerika liegt
(unter der Voraussetzung, dass die asiatischen Märkte sich
nicht anstecken lassen). Spätestens ab 1./2. Februar klärt
sich die Zinsfrage (US-Offenmarktsitzung der Notenbank)
für`s Erste. Erste Hinweise auf die Höhe der Zinsanhebung
könnte dabei der Index zum Verbrauchervertrauen liefern, der
am Dienstag bekanntgegeben wird. Dann wird`s von dieser
Seite her wieder Ruhe geben.

Gruss,

madman242

[NETMAN1]

Ich sehe die bisherige Zurückhaltung positiv, wenn die Nasdaq jetzt noch einmal stärker korrigiert, kommt das HRCT-Listing in einer günstigen Marktphase an die Nasdaq und kann von einem möglichen Aufwind profitieren.

NETMAN

[kain]

Hallo


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Ciao!
kain

[Linda B.]

Ich habe die Realtimekurse bei finanztreff.de abgerufen und war doch bass erstaunt, dass kein Handel zustandegekommen ist. Hat jemand eine Erklärung?

Gruß
Linda B.

[l_o_g_o]

Alle Achtung! Dies wird sicher DER Mitbewerber von Hartcourt, was
das Beteiligungsgeschaeft angeht.
http://biz.yahoo.com/rf/000125/c9.html
Dies duerfte sicher eine Diskussion Wert sein. Dennoch bin ich der
Meinung, dass Hartcourt schon gut positioniert ist, selbst wenn
CMGI Asia jetzt direkter Mitbewerber ist.

PCCW in 50-50 JV with CMGI

HONG KONG, Jan 25 (Reuters) - Pacific Century CyberWorks Ltd (PCCW) said on Tuesday it was
forming a 50-50 joint venture with U.S. Internet company CMGI, to be headquartered in Hong Kong and
called CMGI Asia.

PCCW said the deal would bring four CMGI companies to Asia, including online network Altavista Company and Engage Technologies Inc
(NasdaqNM:ENGA - news), which tracks online consumer tastes.

``CMGI and PCCW announce the formation of a joint venture to create and operate an Internet-related company to be called CMGI Asia to
be headquartered in Hong Kong to establish Asia-Pacific operations for the 18 CMGI majority-owned operating companies,`` a statement
issued at a news conference said.

PCCW said it had placed 188 million shares on Tuesday at HK$15.80 per share to raise US$380 million to cover the CMGI deal.

Li said he hoped that within a year or two each of the 18 CMGI Asia companies would be listed. He did not say on which exchange he would
like to see them listed.

[l_o_g_o]

Interessant duerfte auch ein Investment von CMGI Asia in Sinobull
oder HRCT selbst sein, weil HRCT eben aktuell den entscheidenen Schritt
voraus ist. Wie gesagt, ein Thema das eine Diskussion wert ist.
Wird das Engangement von CMGI Asia die Preise fuer Beteiligungen
treiben, oder sind die aktuellen Hartcourt deals bereits weit genug
gediehen, um den entscheidenen Schritt vorauszusein?
Wenn ja, koennte CMGI Asia nicht viel Uebrigbleiben,
als in Sinobull/Hartcourt zu investieren.

Ist in diesem Falle BIG=BEAUTIFUL, oder wird sich CMGI-Asia im
Gegensatz zu Hartcourt wie der Elefant im Porzellanladen benehmen?
Sind bei CMGI-Asia wie bei Hartcourt Beziehungen zur Armee und
Regierung gegeben, so dass CMGI trotz ihrer Bekanntheit als
US-Company lohnende Beteiligungen eingehen kann?

[RamonAllones]

Hallo Hartcourt´ler,

was ist mit dem Kurs los???? Seit gestern kein update!
Hat jemand Info?

[RamonAllones]

Hat sich erledigt!!!!
Schock, schwere Not !!!!
Wo bleibt denn da der Spaß?
Wann werden wir endlich mal die magischen 20€ knacken?
Wenn ich immer nachkaufe bei fallenden Kursen dann gehört mir bald der Laden!

[Alanso]

also die gestrige kursentwicklung überrascht mich nicht (s. mein gestriges posting von 11:21). es ist einfach schon zu viel angekündigt, und damit bekannt und eingepreist.

eher erstaunlich finde ich mal wieder den kurs heute bei uns. akt. immerhin gut 5% abschlag!

die 100.000 institutional buy von gestern sind natürlich ein positives zeichen, wobei mich auch sehr interessieren würde, wer die andererseits verkauft hat. stückzahlmäßig würde das übrigens genau den gestern von hollin ausgegrabenen flamemaster-käufen vom 10.1. entsprechen. ist aber vielleicht nur zufall!?

schließlich noch zu CMGI Asia (auch wenn Dir, l_o_g_o das nicht gefallen wird): das ist nicht DER mitbewerber von hrct, sondern im zweifel DIE inet-beteiligungsgesellschaft in asien. bis wir uns mit cmgi vergleichen können, haben wir noch ein ganzes stück weg zu gehen.

aber vielleicht beteiligen sich die ja tatsächlich an hrct. wäre sicherlich nicht das schlechteste. Deine vermutungen (oder hoffnungen?), daß sich die vielleicht wie "der elefant im porzellanladen benehmen", teile ich übrigens nicht und behaupte mal ganz platt und unfundiert, daß cmgi dazu zu professionell ist.

außerdem ist pccw (an denen übrigens auch intel beteiligt ist) bereits zu aktiv( es ist auch schon die erste beteiligung an die börse gebracht worden), als daß man befürchten (oder hoffen?) könnte, daß die einen schlechten, den chin. gegebenheiten/besonderheiten nicht angemessenen job machen.

[dexter]

hallo zusammen,

bin über folgende meldung gestolpert:

13:47 Celestial Asia (1049) will sign a JV with Microsoft in tech support (Infocast News) According to Hong Kong Economic Journal, Microsoft will coorperate with Celestial Asia to provide Internet transaction technology. The report quoted market source that Celestial Asia will hold an investment competition and Microsoft (HK) will provide servers and technical support.

If it comes out good, Celestial Asia will sign a joint agreement with Microsoft who is responsible for providing technical support to the Internet finance services whereas Celestial Asia will assist Microsoft to develop financial products in return.

(25/01/00)

cash die letztlich im gleichen gebiet wie sinobull ihre brötchen verdienen wollen, erhalten möglicherweise mittelbar "hilfestellung" durch microsoft. von interesse dürfte sein ob die von legend produzierte box hier ebenfalls zum zuge kommt.

grüße dx

[l_o_g_o]

Ja Alanso, hinterher hast Dus gewusst. Und Du weisst eigentlich auch
dass Hartcourt sehr volatil ist und der deutsche Kurs gern konservativ
unter dem amerikanischen liegt, dazu gabs hier ja auch schonmal eine
Rueckfrage an die Boersenaufsicht, ob die Kursfestsetzungen mit
rechten Dingen zugeht. Daher bist Du sicher nicht erstaunt.

Was CMGI Asia angeht, sind die bisher in ihren Beteiligungen
nur *internet-related* taetig. Hat CMGI Asia 2 von 4 chinesischen
ISPs die ueber eine chinaweite ISP Lizenz verfuegen? Nein.
Hat CMGI Asia einen letter of intent ueber einen Vertrag mit einem
600.000-Subscriber ISP? Hat CMGI Asia sich schon vor Monaten
in Festlandchina eingekauft? Bringt CMGI Asia dies in den naechsten
Monaten wie Hartcourt (Sinobull.com) eine Company an die Boerse,
die hauptsaechlich aus Synergien festlandchinesicher Companies besteht?

CMGI ist ein Elefant, und gemessen daran, wie wenig PCCLF in Sachen
Asien-Beteiligungen erreicht hat, bleibt zu hoffen, dass dort ein
Jointventure aus PCCW und CMGI = CMGI Asia erfolgreicher agiert.
Wieweit kommt CMGI Asia, wenn die bei der chinesischen Armee auftauchen,
um denen ihre Sahnestueke abzukaufen? Sagen die: *Wir sind CMGI,
eine der hoechstbewerteten US-Beteiligungsgesellschaften, und moechten
das chineische Tafelsilber*? Richtig, dazu sind die vielleicht zu
professionell. Nur weil Hartcourt kleiner ist, muss daraus kein
Verlust resultieren, heute gewinnt oft der schnellere.

Ein gut recherchierter Vergleich GMGI-Asia vs Hartcourt wird sich
bestimmt lohnen - vielleicht von Dir, Alanso? Besonders die 18
*majority-owned operationg companies* koennen ja keine Festlandchina-
Beteiligungen sein, denn dort darf sich CMGI Asia nur zu 49
beteiligen und ist damit kein Mehrheitseigner. Dh CMGI Asia hat
18 Beteiligungen in Asien ausserhalb von China, und Hartcourt
ist hier mit seinen zahlreichen Festlandchina-Beteiligungen
einen entscheidenen Schritt voraus. Das macht ein Investment von
CMGI Asia direkt in Hartcourt warscheinlicher.

Wie gesagt, Stoff fuer eine interessante Diskussion.

[Alanso]

NEIN l_o_g_o, ich hab`s schon vorher gewußt (steht aber auch in meinem posting - kannst Du auch /aufmerksam/ lesen oder schwillt dir der kamm allein beim anblick meines namens schon so, daß Du sowieso nur noch davon ausgehst, daß die nächsten zeilen sch... sind? den eindruck könnte man zumindest manchmal haben).

warum reagierst Du eigentlich auf fast alles, was nicht gleich nach hrct-lobeshymne riecht, grundsätzlich aggressiv? und warum kommst Du mir immer auf dieselben beiden touren, nämlich mit ner diskussion über die art und weise, wie hier Deiner meinung nach zu diskutieren ist, zum einen oder der aufforderung, doch mal umfangreiche konkurrenzvergleiche und -researches durchzuführen, zu denen Du ja offensichtlich selber entweder keine lust oder keine zeit hast, zum anderen?

ich werde auf diesen beiden schienen zukünftig nicht mehr reagieren.

soweit mein heutiger beitrag zum "sandkastenspiel".

[l_o_g_o]

Dass Du nicht mehr auf der emotionalen Schiene reagieren willst und nun deine Thesen
auch untermauern willst, freut mich, damit sind wir einen Schritt weiter.

Die Aufforderung an Dich mal Pro UND Contra darzustellen war ein Wink mit dem Zaunpfahl.
Nur sollten es keine Allgemeinplaetze sein, die nichtmal von Fakten untermauert werden.
Wir wissen hier alle das viel angekuendigt ist, und der Kurs aktuell
keine Freudentaenze vollfuehrt, und dies eventuell bis zur Nasdaq
so bleibt. Die Kursentwicklung ueberrascht nicht nur dich nicht,
auch wenn wir alle auf einen Ausbruch hoffen - solange die Neu-Kaeufer
fehlen, bleiben wir unter 20. Auch die von dir im letzen Thread
entdeckten Skandale a la *Listing nicht submitted* oder *Swarz Funding
nicht genhemenigt da kein SEC-Approval* waren alte Kamellen.

*eher erstaunlich finde ich mal wieder den kurs heute bei uns. akt. immerhin gut 5% abschlag!*
Bei 65 Kursfesttellungen am Tag in Deutschland muessen ja fundamentale Gruende dahinterstehen?
Oder trennen sich einfach einige Leute von ihren HRCT um billiger wieder einzusteigen?
Spekulative Wahrheitsfindung?

*schließlich noch zu CMGI Asia (auch wenn Dir, l_o_g_o das nicht gefallen wird): das ist nicht DER
mitbewerber von hrct, sondern im zweifel DIE inet-beteiligungsgesellschaft in asien. bis wir uns mit cmgi
vergleichen können, haben wir noch ein ganzes stück weg zu gehen.*
Dazu hatte ich Gegenargumente ins Feld gefuehrt, auf die Du nicht
antwortest, sondern stattdessen das Sandkasten-Argument bemuehst.
Wo sind die CMGI-Beteiligungen in Festlandchina? Gehoehren vielleicht
die anderen 2 von 4 chinaweiten ISP-Lizenzen schon CMGI Asia?

Eigentlich ist es interessant mir Dir zu diskutieren, nur in den
Sandkasten auszuweichen sobald keine Argumente mehr da sind hat keinen
Sinn. Du meinst also CMGI wird gewinnen, dagegen stelle ich zB das Argument,
dass die CMGI-Asia Beteiligungen nicht einmal Festlandchina-Beteiligungen
sind. Dagegen koenntest Du nun doch ins Feld fuehren, dass vielleicht
CMGI-Minderheitsbeteiligungen in Festlandchina vorhanden sind, und
diese im Hartcourt-Stil durch die Einbringung von Beteiligungen
in ein Jointventure an die Boerse gebracht werden koennten.
Mit kurzem Research koenntest Du vielleicht sogar andere CMGI-
Beteiligungen in Festlandchina nennen, und genau DAS wuerde uns
alle hier weiterbringen.
Nichts dagegen, wenn Du eine Behauptung aufstellst, nun findet man
Gruende dagegen, aber Du sagst *Sandkasten*, weil Du keine Lust hast
deine These zu untermauern. Das hilft Allen wirklich immens.
Wenn Du der Meinung bist, dass *CMGI-Asia im Zweifel
DIE inet Beteiligungsgesellschaft in Asien ist*, dann haben dich
sicher handfeste Argumente dazu gebracht? Wie waer das Argument,
dass es nun aufgrund von der CMGI-Asia-Aktivitaet ausserhalb
Festlandchinas der Plan Phans *leading internet company in asia*
nicht mehr fuer ganz Asien gilt, sondern *nur* noch fuer China?
Nein, stattdessen kommt *Sandkasten* und die Gegenargumente meiner
eigenen Thesen darf ich wieder selbst nennen.

[Alanso]

l_o_g_o: geduld, geduld. "soweit mein heutiger beitrag zum "sandkastenspiel"" heißt ja nicht, daß nicht noch anderes kommt.

vorher aber nochmal in den sandkasten: Dein gesamter 2. absatz ist überflüssig und stimmt nicht mal. Du hast eine seltene begabung, dinge teilweise völlig anders auszulegen, als sie gemeint und geschrieben(!) sind.

ich habe z.b. auch definitiv weder gemeint noch geschrieben, daß cmgi gewinnen wird. also ließ bitte erstmal meine postings genau, bevor Du hier (wiederholt) unwahrheiten über meine äußerungen verbreitest.


zu cmgi asia kann man momentan noch wenig konkretes sagen, da zumindest m.w. noch nicht sehr viel mehr als die von Dir gepostete meldung verfügbar ist. isbs. von cmgi selbst hab ich noch kein (ausführliches) statement gefunden.

aber mal ein paar infos zu pccw aus dem letzten nice-letter:

"Pacific Century Cyberworks ist eine Internet-Holding mit Sitz in Hongkong. ... Was macht Pacific Century Cyberworks eigentlich? Zum einen werden Breitbandzugänge via Satellit und Kabel nicht nur in Hongkong, sondern auch in China, Indien und Japan offeriert. Die Tochter Cyberworks Ventures ist für Kooperationspartner zuständig, die die Infrastruktur der Breitbandnetze nutzen sollen. Dazu gehören u.a. sina.com, outblaze.com, cash.com.hk, creditland.com, silkroute.com, stareastnet.com und ilink.net. Und nicht zuletzt ist das Unternehmen massgeblich am Aufbau des »Cyberport« in Hongkong beteiligt; eine Art Multimediastadt mit einem Investitionsvolumen von rund 900 Mio. USD. Kooperationen bestehen mit Weltunternehmen, so u.a. mit dem grössten US-Einzelhandelskonzern Wal-Mart. Fantasie kam in den Titel Ende Dezember durch Gerüchte, dass sich Microsoft ein paar Prozente krallen möchte. Reell sind indes Beteiligungen der US-Internet-Holding CMGI (5,5%) und Intel (13%), vice versa sind die Hongkonger sogar an CMGI mit 3,4% beteiligt. Die erste Beteiligung wurde bereits im letzten November mit MediaRing.com an die Börse gebracht. ... Unsere Meinung: Pacific Century Cyberworks profitiert enorm vom Wachstum des Internet in Asien. Das Unternehmen hat die Chance zu einem Medienimperium aufzusteigen, das wie AOL/Time Warner sowohl Inhalte als auch Internet-Zugänge liefert. Zusätzlich besitzt es den Charme von Internet-Holdings wie CMGI"

klingt schonmal nicht schlecht.


zum thema festland-china: es mag von vorteil sein, dort beteiligungen zu haben. andererseits mag es mit blick auf die - bisherige - unzuverlässigkeit chin. partner und der chin regierung aber auch vorteilhaft sein, daß ganze eher von z.b. hongkong oder sonstwo in der region aufzurollen, wo vielleicht höhere rechtssicherheit herrscht. sobald dann in china echte rechtssicherheit herrscht, kann man dann ja immer noch auf`s festland expandieren. ich bin kein asienexperte und kann damit diese frage sicherlich nicht abschließend klären. entscheidend ist doch aber, wer letztlich die geschäfte in china macht. von wo aus auch immer. und eine strikte trennung zwischen festland und "randgebieten" ist sowieso nicht möglich.

ich finde phan`s plan - naja, wollen wir es mal treffender als vision bezeichnen -, die leading internet company in asien zu werden, schön und bestechend, habe aber noch nie daran geglaubt. dazu ist asien zu groß und hrct zu klein. ich freue mich schon, wenn hrct eine gute position in der region aufbauen kann, und wenn sie nicht noch mehr zeit mit der m.e. mehr wie überfälligen finanzierung verlieren, haben sie auch absolut das zeug dazu. und für die aktionäre langt das immer noch dicke, wie man an all den anderen beteiligungsgesellschaften der zweiten und dritte reihe wunderbar sehen kann (z.b. jafco).

thema verkäufe durch`s militär: erstens wissen wir das m.w. bisher nur aufgrund der berichte vom shareholder-meeting (wenn ich mich irre, bitte korrigieren) und damit nur auf einer sehr dünnen basis. zweitens hockt cmgi auf einer "kriegskasse" von der hrct nur träumen kann (Total Cash (mrq) $2.57B). drittens braucht china kohle, isbs. dollar. wenn wir also viertens mal einfach annehmen, daß cmgi sich für diese "sahnestücke" interessieren würde, wer meinst Du, kommt dann vielleicht besser zum zuge? dr. phan, weil er dr. phan ist oder cmgi (oder wer auch immer), der über eine hongkong-based tochter dicke geldbündel auf den tisch legen kann?

letztenendes hinkt meiner meinung nach der vergleich einfach. das eine ist ein stinkreicher gigant (der sich, wie neulich schonmal geäußert) im zweifel wahrscheinlich auch jeden chinaspezialisten mit 1a-beziehungen zu wem auch immer in china, simpel kaufen kann. das andere ist unsere hrct. und die kann uns auch freude machen, selbst wenn cmgi asia wirklich erfolgreich den markt aufrollen sollte.

[RamonAllones]

Hallo,
irgendwie gefällt es mir nicht mehr im Hartcourt-Land, ich besitze 1.500 Aktien und verliere doch so langsam den Glauben. Ich kann es mir nicht erlauben mein Kapital so lange rumdümpeln zu lassen. Ihr wißt ja Zeit ist Geld. Wenn mir in der nächsten Zeit niemand vernünftige Argumente liefern kann werde ich mich zu neuen Ufern begeben.
Also, wie sieht´s aus ?????????????????

[Alanso]

Ramon: tu, was du nicht lassen kannst, aber beschwere Dich nicht, wenn der kurs irgendwann 3-stellig ist. (genauso, wie sich alle longs nicht beschweren sollten, falls wir wieder einstellige kurse sehen).

(ist das nicht wieder eine ungemein fundierte meinungsäußerung? )

ließ Dir einfach nochmal diesen und die letzten ufer-threads durch. es ist wohl zumindest zu 99,9% alles gesagt, was man aktuell sagen kann. und zwar pos. wie neg. entweder Du glaubst an die story und hast die zeit, das auszusitzen oder Du verkaufst besser gleich.

[panik]

hallo ,erst mal schöne grüße von panik,tja der kursverlauf ist ja nicht besonders(bin ein bischen entäuscht),aber in der ruhe liegt die kraft,eins weiß ich von phan ist alles zu erwarten(natürlich positiv),also schön die geduld bewahren.was mir so einfällt,so ein 2 zu 1 split wäre ja eigentlich nicht schlecht oder z.b. optisch billiger.
also nochmal schöne grüße von panik!

[fuel cell]

Hallo Ramon,

nächste Woche stehen Zinsgespräche an. Daher sehen wir auf breiter Front eine Kaufzurückhaltung (Mittel-Langfristanleger).

Die Performance von Hartcourt war in den letzten Monaten besser und seit Jahresanfang nicht schlechter als bei

AOL, IBM, Lucent, DELL, CISCO, NOKIA, PCNTF, CMGI (!)

Gut, der Vergleich ist etwas unfair.

"Nicht die Großen fressen die Kleinen, sondern die Schnellen die Langsamen". Ausnahme : Ein Großer schluckt einen Kleinen.

Solange gilt

a) Der noch ausstehende starke Partner vernascht nicht das Unternehmen (Beteiligung max 49%)

b) Hartcourt ist die entscheidenden Schritte voraus

werden wir noch viel Spaß mit der Aktie haben.

Die Markt Cap von 350 000 000 $ ist doch noch um drei Nullen erweiterbar, oder ?

Panik:
Hartcourt ist immer noch billig - den Split brauchen wir erst bei 100

Alanso:
Volle Zustimmung + Auch Dir Danke, sehr schöne Beiträge !

Ein geduldiger und weiter sehr optimistischer
Fuel Cell

[fuel cell]

Ups, nicht drei, sondern natürlich nur eine Null mehr - jedenfalls vor dem Komma.

[RamonAllones]

Hallo Alanso, panik und fuel cell,

Ihr habt vollkommen recht, in der Ruhe liegt die Kraft, habe mich heute nur leider zu viel ärgern müssen. Bin auch noch in travelbyus investiert und da habe ich leider gar keine freude mit. Ich denke ich werde mich von TBU trennen und Hartcourt weiter die Stange halten und vielleicht sollte ich bei fallenden Kursen noch einmal die evtl. letzte Gelegenheit nutzen, um nachzukaufen.

Sagt mal, was könnte das denn für ein großer Partner werden, von dem Ihr da immer sprecht?

Also, in dem Sinne.

FORZA HARTCOURT !!!!!!

[NETMAN1]

GEDULD WIRD SICH AUSZAHLEN !

Ansonsten ist eigentlich alles gesagt, gebt dem Wert die 2-3 Monate die er brauchen wird, um die 20 endgültig zu knacken.
Den Kurs minütlich zu verfolgen, bringt als Mittel- bis Langfristanleger nichts, gestern 18,80 heute 15,90 morgen 16,70, was solls, in 2-3 Monaten schwimmen wir schon wieder zu neuen Ufern .....

NETMAN

[Hollin]

Hallo Netman1,

dem ist nichts hinzuzufügen!

Gruß

Hollin

[Alanso]

danke fuel cell! endlich mal jemand, der die literarische urgewalt, inhaltliche tiefe, visionäre reichweite und strategische tragkraft meiner beiträge zu schätzen weiß (nimm Dir da mal ein beispiel, l_o_g_o)

und nun werde ich das tun, was der doc und der hrct-kurs z.zt. offensichtlich auch tun, nämlich den schlaf der gerechten schlafen. ich jedenfalls werde morgen allerdings auch wieder aufwachen.

[fuel cell]

Hallo Alanso,

hier muß man ja regelrecht vorsichtig sein, was man schreibt.
Fast wie im richtigen Leben.

Die Zustimmung galt dem Beitrag...

von Alanso, 25.01.00 19:55:49

Der Dank...

einem Teil Deiner Worte, nicht dem Sandkastenspiel.

Damit wir uns nicht falsch verstehen, ich schätze hier einige Postings. Meine hohe Meinung bezüglich der Kompetenz und Ausdrucksstärke u.a. von l_o_g_o ist nicht durch ein paar Beiträge zu kippen. Sorry!

Wenn wir wissen wollen, wer die Glaskugel verinnerlicht hat, so können wir ja monatlich ein KZ-Tip abgeben. Wer am nächsten dran ist, der erhält einen Siegpunkt. Wenn HRCT die 125 erreicht hat, muß der, der die meisten Punkte hat, alle Mitspieler zum Bier (äh, wie war es gleich Bac...) einladen. Der zweite muß die nächste Runde geben usw. Just like AI - völlig egal, was dann der Alkohol kostet. Und die Party wird steigen. Dazu reicht mein IQ, um dies vorherzusagen.


Lieben Gruß an alle Longs
Fuel Cell

[RamonAllones]

Ja wo laufen sie denn ??????
Totenstille ?????
Hartcourt ist ja relativ stabil, kann mann ja als positives Zeichen werten.
Die Zocker halten sich anscheinend immer mehr zurück.

Gibt es denn sonst nichts neues ?

[Andy.L]

Hallo,

des öfteren lese ich von einem Großinvestor in HRCT, der kommen soll bzw. schon investiert ist.

Könnt Ihr mir dazu etwas mehr sagen.


MFG Andy

[ZOOMZOOM]

hartcourt partner LEGEND meldet gewinn und umsaztsprung
umsatz +77%
gewinn +58,5%


15:49 Legend (0992) computer 3rd quarter turnover up 77%, most in household & notebook
(Infocast News) Legend Holdings (0992) today announced the third quarterly turnover of its computer business skyrocketed 77%, of which the businesses in household computers and notebook computers soared the most. For the sectoral sale, there is satisfactory growth in post & telecommunications and banking; for regional sale, the businesses in South-west and Eastern China regions are most outstanding.

15:11 Legend`s (0992) quarterly profit soaring 58.5% to $147 M
(Infocast News) Legend Holdings (0992) announced today the 3rd quarterly profit surging 58.5% to $147 million to end-December 99 compared with a year ago. EPS was 8.2 cents and no dividend will be paid. The 1st to 3rd quarterly profit soared 60% to $320 million to end-December 99 compared with a year ago. EPS was 18.2 cents.





15:05 26-JAN-2000
Legend <0992.HK> 3rd qtr net rises 58.5 percent


HONG KONG, Jan 26 (Reuters) - Three months ended Dec 31
(in million HK$ unless stated)
Shr (HK cents) 8.2 vs 5.3
Dividend (HK cents) nil vs nil
Exceptional items nil vs nil
Net 147.28 vs 92.93
Turnover 5,091.09 vs 3,478.40
Company name Legend Holdings Ltd
Books close N/A
Dividend payable N/A


das kann fürt hartcourt nichts schlechtes bedeuten!

[RamonAllones]

Hallo,
is there anybody out there ????

Mühsam ernährt sich das Eichhörnchen, aber dennoch geht es langsam wieder aufwärts. Zumindest ist der Wert heute relativ stabil.

Wo sind denn heute die Herren panik, Alanso und hollin?
Seid ihr etwa schon ausgestiegen? Das kann ich mir aber doch nicht vorstellen.

[l_o_g_o]

HuaXia Info, Legend und Microsoft sind Partner, was die Settop-Boxen
angeht.
HuaXia Info ist einer der chinesischen Partner bei Sinobull.com, und
Hartcourt ist ueber Shangdi indirekt an HuaXiaInfo beteiigt.
Ueber der entsprechenden Webseite steht *Partners and Associates*,
Legend faellt daher wohl eher in die Kategorie Associates.

Das heisst, Hartcourt und Legend sind keine direkten Partner, auch
wenn die Meldung des Legend-Erfolges in Asien irgendwann auch fuer
Hartcourt interessant wird, naemlich dann, wenn es darum geht, ob
die Settop-Boxen ein Erfolg werden, oder nicht, zu welchen Preis
diese Verkauft werden, oder ob sie zwecks Markteinfuehrung *verschenkt*
werden.
HuaXiaInfo als Partner laesst es als wahrscheinlich erscheinen, dass
die Sinobull.com als *Startseite* der Settopboxen eingestellt wird.
Ueber die weitere Kooperation zwischen HuaXiaInfo und Sinobull
wird hoffentlich im Zuge der Nennung weiterer chinesischer Partner
sowie des amerikanischen Partners noch mehr zu lesen sein.

Die Amis scheinen im Moment in ihrer Gier nach PR die Floehe husten
zu höhren - vielleicht ist ja was dran. Anderfalls koennen wir uns darauf
konzentrieren, ob Greenspan hustet. Und wenn die Nasdaq sich
gesund-korrgiert, sind wir mit unserer aktuellen Marktkapitalsierung
und als OTC Wert, der recht gut in DEM Wachstumsmarkt positioniert
ist, gut aufgehoben.

Was die ISP-Beteiligungen von Hartcourt angeht, koennte man einen
Vergleich mit Deutschland ziehen. Wenn in Deutschland 4 Lizenzen
fuer landesweiten ISP Dienst vorhanden waeren, so hatte die
Telekom eine, und AOL haette eine, und zwei Lizenzen blieben
uebrig.
In China gibt es 4 landesweite ISP Lizenzen. Die China Telekom
hat mit Chinanet das groesste Netz, dann duerfte der 600.000 ISP
(Name?) kommen. Bleiben 2 weitere Lizenzen. Hartcourt hat
mit dem Sinonet Jointventure mit IPC eine chinaweite Lizenz, und die
regierungsnahe Innostar hat auch eine chinaweite ISP Lizenz. 2+2 sind
4. Dazu kommt der Letter of Intent mit dem 600.000 ISP. Diese
Marktpositionierung duerfte an der Nasdaq, oder im Zuge des
naechsten ISP-related Deal entsprechend gewuerdigt werden.

[panik]

hallo ramon,weswegen sollte ich aussteigen,dazu gibt es überhaupt keinen grund,ich werde meine hartcourts sehr lange halten.o.k. es ist sehr ruhig gerade,aber das kann sich schlagartig ändern!
schöne grüße von panik an alle hartcourtler,stay long.

[l_o_g_o]

China to impose new web controls (Financial Times)
China is to impose new, draconian controls on the internet to prevent
Chinese language web sites from leaking state secrets, according to
official Chinese media sources. The state bureau of secrecy,
announcing the new rules in the Communist party-controlled People`s
Daily newspaper, said that all organisations and individuals were
forbidden from releasing, discussing or transferring state secret
information on bulletin boards, chat rooms or in internet news
groups. Organisations and individuals who failed to undergo security
checks and approval could be shut down, said the bureau.

Das Wallstreet Journal soll auch einen Artikel zu dem Thema haben,
wer einen WSJ-Online Account hat, moege den Artikel vielleicht mal
hier hinstellen. Aus dem RB-board:
*There is nothing new in the article, which talks to the limit of 50% ownership by companies outside
China. It mentions sina.com, netease.com and sohu.com that would be affected.*
Letztlich trifft dies auf nur in geringerem Masse auf Sinobull.com
zu, da es ja eher um Finanzinformationen geht - trotzdem ist das Thema
sicher eine eingehendere Betrachtung wert. Hartcourt scheint eine
gewisse Regierungsnaehe zu haben, wenn man die Beteiligung an
der regierungsnahen Innostar und den Draht zur Armee betrachtet.

[RamonAllones]

Hallo Hartcourt´ler,

habe folgenden Thread in "freerealtime.com"-StockTalk gelesen, was bedeutet das: " 1 million shares are to be set for HRCT shareholders for every $20 in SINO price HRCT cash goes up $7. Do not quote me on this. I believe this to be true."

[Hollin]

!

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

[Piker]

Servus
Fragen und Antworten vom Doc


Answers to Frequently Asked Questions

Questions about the SinoBull.com IPO:

Q) Is Sina.Com in fact really SinoBull.com with a variant spelling or is it another coming IPO that will be in competition with SinoBull?

A) This is another company attempting to IPO its shares and having great difficulty in doing so. They are interested in becoming an ISP but will not be a competitor to SinoBull, since this company is essentially a financial portal, not an ISP.
Q) Dr. Phan said Hartcourt had requested that the investment banker reserve a portion of the Sinbull IPO for existing HRCT shareholders. What was the outcome of that request - have the terms been decided upon - and what is the X-date?

A) As there has not been, as yet, any definitive agreement made with an underwriter, we cannot speak with certainty as to any detail of HRCT shareholder IPO participation. We plan to have 500,000 to 1,000,000 shares reserved for Hartcourt shareholders, but that is still subject to firm agreements.


Q) I was wondering when the estimated date of the Sinobull.com IPO announcement and actual IPO launch to the stock market would be. I was hoping for something more specific than 2nd quarter. Also, will the SinoBull IPO be on the NASDAQ?

A) Second Quarter should see the completion of the underwriting agreements, creation of the prospectus, and all other technical matter necessary for filing with the exchange and NASD. We then expect the actual IPO to take place in summer 2000.


Q) And do you have any estimates on what proportions/ratios of HRCT shares to eligible purchase of SinoBull shares will be allowed. What estimates do you have that current shareholders would have chances to get access to the pre-IPO shares of SinoBull (I understand a vote is still needed)? Any time frame on when the cutoff date will also be announced? Also, any thoughts about the situation if the pre-IPO price exceeds $20/share.

A) Once a plan is approved by all parties (including the underwriters), we would then be able to calculate a proportion by which X number of Hartcourt shares would allow for purchase of Y number of SinoBull shares. This proportion will be based on the number of SinoBull shares that this agreement would make reserved for Hartcourt shareholders of a set date. If the pre-IPO price should be adjusted to exceed $20, all will be adjusted accordingly. Since the underwriting agreement has not yet been executed, talk about possible cut off dates or other similar matters is premature.


Q) When the SinoBull shares become available for purchase through Hartcourt for existing shareholders, do we make the purchases through the company, through a specific broker, and if so, should we start setting up an account with a specific broker? Or will this be done directly through the company? Then, would warrants or options to buy be granted? If so, would there be a time limit set for holding the options/warrants?

A) Since no underwriting agreement is in place yet, we cannot give details on the procedure in which SinoBull shares would be purchased. All details of such will be made available via our website and mailing list, as agreements become final. We anticipate an announcement of an underwriting agreement in February 2000, but many factors could move back that time table.


Q) Will non-Americans owning Hartcourt stock be able to purchase SinoBull IPO shares before it hits the market? Will the brokers of SinoBull sell to non-Americans?

A) Any provision made in regards to current Hartcourt shareholders will apply to all Hartcourt shareholders, regardless of domicile. An owner of shares is the owner anywhere, and will be given the same opportunities.


Q) Has the company contemplated the affect to the HRCT shares once the announcement of the SinoBull purchase becomes available? Are their any plans in place that would basically force people to hold both share types, so that HRCT doesn`t plunge in value?

A) Whether shareholders hold or sell is completely the shareholder`s decision. We do remind our shareholders that Hartcourt is planning much more than just our SinoBull.com IPO. We will continue to make strategic acquisitions and when appropriate bundle logical holdings into another IPO. It would be unfortunate if current shareholders were no longer shareholders, and thus unable to participate in additional offerings. We also remind our shareholders, that Hartcourt`s net worth will also increase in proportion to the value of SinoBull, since Hartcourt will continue to own the controlling stake in SinoBull.


Questions about Enova:

Q) When do you think they are going to put a price on ENOVA HOLDINGS. Can you elaborate what has happened to Enova Holdings? When will it begin trading? Any information about Enova`s status would be greatly appreciated.

A) We hope that in about 90 days we will have a price and trading of Enova. Because of legal and accounting "untanglements from HRCT", an unexpected delay was encountered. All of is being cleared up and the registration is being readied for submission.


Q) Can you give the EPS or book value of Enova, or any other details about Enova`s financials (or a link to them).

A) We cannot speculate as to any such price at this time.


Questions about Hartcourt:

Q) I am interested in buying shares of Hartcourt. Do you have a DRIP or do I have to buy shares over the counter?

A) We have no DRIP. Please go through your broker for Over The Counter shares of OTC BB: HRCT.


Q) When was the NASDAQ listing papers filed with the SEC and are there any early estimates on when you will be traded on the NASDAQ?

A) Our application was sent to the Nasdaq Market Inc., and arrived via express postal carrier on Monday 1/24/00. We anticipate a NASDAQ listing in approximately 30-60 days, barring any need for clarifications on our application.


Q) Has HRCT filed all the necessary papers with the SEC and been approved as a fully reporting company.

A) Hartcourt has been a fully reporting company since its inception.


Q) It was mentioned that the GEM (Hong Kong Exchange) listing was too costly at the moment at $700,000. Is Hartcourt planning to list either HRCT or Sinobull on the GEM? Will the Sinobull IPO be on both the NASDAQ and GEM?

A) We have not made any firm decision as yet on whether Hartcourt would be listed on the GEM Exchange. There are additional benefits for the SinoBull issue to be listed on both the NASDAQ and GEM Exchanges. Press releases will be issued informing our shareholders for any applications to those Exchanges.


Q) Have you pondered at what dollar amount a split would be advantageous to the HRCT (and SinoBull) stock and stockholders??? Also what would the SinoBull symbol be?

A) Since the SinoBull IPO is not underwritten yet, we cannot announce any anticipated symbol. As to possible stock splits, there are no current requests pending to the Board of Directors, but Dr. Phan has expressed interest in keeping the price at affordable levels. Unfortunately, stock splits are costly endeavors and important to note, a cost in the end to shareholders.


Q) What are Dr. Phans` holdings in Hartcourt and have they changed recently?

A) Dr. Phan and his Group represent approximately 25% of the outstanding shares. He has never sold one share of HRCT, and has no present plan to do so.


Q) I have read on one of your SEC filings that NUOA owns 1.3 Million shares of HRCT. Is this still the case, to the best of your knowledge? I can`t find any record of this ownership in the filings for NUOA.

A) This transaction has been reversed by HRCT. At any rate, we have no knowledge of how Nuoa keeps their books.


Q) A previous company press release reported the resignation of 2 directors from Hartcourt--the search for a CEO and CTO--& that a new board of directors would be on board by January. Have former directors, Luke & Lawver assumed positions with firms who are in competition with hartcourt? And, what is the status of bringing in the new board of directors?

A) We know of no former director or officer that has assumed a position with a competitor. Mr. Luke and Mr. Lawver were dedicated to projects that Hartcourt has since moved beyond, and thus room has been made for executives that have expertise in Hartcourt`s present direction. We are continuing with negotiations with several candidates, and press releases will be made for any official announcements. For clarity, our search for a CEO for Hartcourt does not mean that Dr. Phan will be stepping down, the needed is for someone to handle the operations of Hartcourt. Dr. Phan will continue to develop business relationships and control the direction of Hartcourt as the Chairman of the Board.


Q) I would like to know when will be the time when the great american partner will be announced, because you said in one of your ceo letters that it will be mentioned as soon as the second partner in asia is on our side?

A) We are waiting for the business report from Ernst & Young. If all proceeds as scheduled, we anticipate that by Feb 15, 2000 we will have this matter resolved. Any delays from Ernst & Young may affect our announcement date.


Questions about UAC and SinoBull:

Q) What is the situation of Online stock trading in China? Do they have computer exchange systems, like Island or Instinet in the States? or the online trading is just sending the orders through internet to the brokers?

A) Online trading is run on UAC`s Huaqing Shitai 162 network, and transactions are processed through local Hua Xia Securities branches in China.


Q) In October 1999, it was announced that the UAC system has been in operation at two of China Securities locations & that it expects to wire up 12 additional offices.

A) Hua Xia Securities (aka. China Securities Co.), the second largest and perhaps most popular stock brokerage is the partner of Hartcourt and is handling the installations to their branch offices. When the next tier of branches are installed, we will issue a press release.


Q) Can the JV license documents be made available for viewing (understanding some details are confidential, perhaps you can make portions available)?

A) Unfortunately, these documents cannot be made public until after the SinoBull IPO, as they are confidential and sensitive in nature.


Q) I`m not questioning the fact that SinoBull acquired 50% of StreamingAsia, but i am curious to how it was done without having all of the partners on board? If they weren`t already on board, then what assets were used to acquire the 50%? That is if it didn`t come from the 55% partners

A) SinoBull is the entity that will own all of the participants like Streaming Asia. The inclusion of the various segments of SinoBull are being included one by one in exchange for their proportionate share of SinoBull.


Questions about Competitors to SinoBull:

Q) Shanghai Information Investment Inc. (SII), Compaq Computer Corporation and CMGI, Inc. announced that the companies have initiated the formation. The resulting strategic alliance will include the formation of a joint venture, to be based in Shanghai, that would build and operate a range of Internet and electronic commerce services to assist government and private enterprises adapt their businesses for the Internet. Is SII an competitor for SINOBULL.COM ????

A) SinoBull is to be the foremost financial services portal in China. It is not an ISP or just a website. SinoBull will have remarkable exposure through the "Stock Easy" set top boxes produced by Legend, the largest computer manufacture in China. Additional plans are now being made for a commercial incursion into the China business marketplace though.


Q) I heard that some other companies in China (one of them is http://www.yestock.com.cn/) are providing the same services as those from UAC. If sinobull.com is going to be the only online trading company in China, does it mean you are actually help to build a real online/computer trading system for individual Chinese investors? What is the uniqueness of online trading service provided by sinobull.com?

A) SinoBull via UAC will be the first and at present, the only licensed company in this field, becoming the pre-eminant facilitator of trades on behalf of the government brokerage houses. Its product and position in its marketplace are unique and special, and will be nationwide. Generally, other online trading is limited to the localized region. Understand that all brokerage houses are government controlled.


Q) First of all when you say you are planning to take over a certain amount of Internet Co.`s what kind of future does Sinobull hold besides the financial part. Secondly, would you say that Sina.Com and PCCLF are direct competitiors for this market or no. Not sure just wondering if you can elaborate on this for me.

A) SinoBull is on its way to becoming the foremost and at this time, the only formative financial portal throughout China. Thus, there are no present competitors, particularly since SinoBull is nationwide in scope, and not regional.
Answers to Frequently Asked Questions

Questions about the SinoBull.com IPO:

Q) Is Sina.Com in fact really SinoBull.com with a variant spelling or is it another coming IPO that will be in competition with SinoBull?

A) This is another company attempting to IPO its shares and having great difficulty in doing so. They are interested in becoming an ISP but will not be a competitor to SinoBull, since this company is essentially a financial portal, not an ISP.


Q) Dr. Phan said Hartcourt had requested that the investment banker reserve a portion of the Sinbull IPO for existing HRCT shareholders. What was the outcome of that request - have the terms been decided upon - and what is the X-date?

A) As there has not been, as yet, any definitive agreement made with an underwriter, we cannot speak with certainty as to any detail of HRCT shareholder IPO participation. We plan to have 500,000 to 1,000,000 shares reserved for Hartcourt shareholders, but that is still subject to firm agreements.


Q) I was wondering when the estimated date of the Sinobull.com IPO announcement and actual IPO launch to the stock market would be. I was hoping for something more specific than 2nd quarter. Also, will the SinoBull IPO be on the NASDAQ?

A) Second Quarter should see the completion of the underwriting agreements, creation of the prospectus, and all other technical matter necessary for filing with the exchange and NASD. We then expect the actual IPO to take place in summer 2000.


Q) And do you have any estimates on what proportions/ratios of HRCT shares to eligible purchase of SinoBull shares will be allowed. What estimates do you have that current shareholders would have chances to get access to the pre-IPO shares of SinoBull (I understand a vote is still needed)? Any time frame on when the cutoff date will also be announced? Also, any thoughts about the situation if the pre-IPO price exceeds $20/share.

A) Once a plan is approved by all parties (including the underwriters), we would then be able to calculate a proportion by which X number of Hartcourt shares would allow for purchase of Y number of SinoBull shares. This proportion will be based on the number of SinoBull shares that this agreement would make reserved for Hartcourt shareholders of a set date. If the pre-IPO price should be adjusted to exceed $20, all will be adjusted accordingly. Since the underwriting agreement has not yet been executed, talk about possible cut off dates or other similar matters is premature.


Q) When the SinoBull shares become available for purchase through Hartcourt for existing shareholders, do we make the purchases through the company, through a specific broker, and if so, should we start setting up an account with a specific broker? Or will this be done directly through the company? Then, would warrants or options to buy be granted? If so, would there be a time limit set for holding the options/warrants?

A) Since no underwriting agreement is in place yet, we cannot give details on the procedure in which SinoBull shares would be purchased. All details of such will be made available via our website and mailing list, as agreements become final. We anticipate an announcement of an underwriting agreement in February 2000, but many factors could move back that time table.


Q) Will non-Americans owning Hartcourt stock be able to purchase SinoBull IPO shares before it hits the market? Will the brokers of SinoBull sell to non-Americans?

A) Any provision made in regards to current Hartcourt shareholders will apply to all Hartcourt shareholders, regardless of domicile. An owner of shares is the owner anywhere, and will be given the same opportunities.


Q) Has the company contemplated the affect to the HRCT shares once the announcement of the SinoBull purchase becomes available? Are their any plans in place that would basically force people to hold both share types, so that HRCT doesn`t plunge in value?

A) Whether shareholders hold or sell is completely the shareholder`s decision. We do remind our shareholders that Hartcourt is planning much more than just our SinoBull.com IPO. We will continue to make strategic acquisitions and when appropriate bundle logical holdings into another IPO. It would be unfortunate if current shareholders were no longer shareholders, and thus unable to participate in additional offerings. We also remind our shareholders, that Hartcourt`s net worth will also increase in proportion to the value of SinoBull, since Hartcourt will continue to own the controlling stake in SinoBull.


Questions about Enova:

Q) When do you think they are going to put a price on ENOVA HOLDINGS. Can you elaborate what has happened to Enova Holdings? When will it begin trading? Any information about Enova`s status would be greatly appreciated.

A) We hope that in about 90 days we will have a price and trading of Enova. Because of legal and accounting "untanglements from HRCT", an unexpected delay was encountered. All of is being cleared up and the registration is being readied for submission.


Q) Can you give the EPS or book value of Enova, or any other details about Enova`s financials (or a link to them).

A) We cannot speculate as to any such price at this time.


Questions about Hartcourt:

Q) I am interested in buying shares of Hartcourt. Do you have a DRIP or do I have to buy shares over the counter?

A) We have no DRIP. Please go through your broker for Over The Counter shares of OTC BB: HRCT.


Q) When was the NASDAQ listing papers filed with the SEC and are there any early estimates on when you will be traded on the NASDAQ?

A) Our application was sent to the Nasdaq Market Inc., and arrived via express postal carrier on Monday 1/24/00. We anticipate a NASDAQ listing in approximately 30-60 days, barring any need for clarifications on our application.


Q) Has HRCT filed all the necessary papers with the SEC and been approved as a fully reporting company.

A) Hartcourt has been a fully reporting company since its inception.


Q) It was mentioned that the GEM (Hong Kong Exchange) listing was too costly at the moment at $700,000. Is Hartcourt planning to list either HRCT or Sinobull on the GEM? Will the Sinobull IPO be on both the NASDAQ and GEM?

A) We have not made any firm decision as yet on whether Hartcourt would be listed on the GEM Exchange. There are additional benefits for the SinoBull issue to be listed on both the NASDAQ and GEM Exchanges. Press releases will be issued informing our shareholders for any applications to those Exchanges.


Q) Have you pondered at what dollar amount a split would be advantageous to the HRCT (and SinoBull) stock and stockholders??? Also what would the SinoBull symbol be?

A) Since the SinoBull IPO is not underwritten yet, we cannot announce any anticipated symbol. As to possible stock splits, there are no current requests pending to the Board of Directors, but Dr. Phan has expressed interest in keeping the price at affordable levels. Unfortunately, stock splits are costly endeavors and important to note, a cost in the end to shareholders.


Q) What are Dr. Phans` holdings in Hartcourt and have they changed recently?

A) Dr. Phan and his Group represent approximately 25% of the outstanding shares. He has never sold one share of HRCT, and has no present plan to do so.


Q) I have read on one of your SEC filings that NUOA owns 1.3 Million shares of HRCT. Is this still the case, to the best of your knowledge? I can`t find any record of this ownership in the filings for NUOA.

A) This transaction has been reversed by HRCT. At any rate, we have no knowledge of how Nuoa keeps their books.


Q) A previous company press release reported the resignation of 2 directors from Hartcourt--the search for a CEO and CTO--& that a new board of directors would be on board by January. Have former directors, Luke & Lawver assumed positions with firms who are in competition with hartcourt? And, what is the status of bringing in the new board of directors?

A) We know of no former director or officer that has assumed a position with a competitor. Mr. Luke and Mr. Lawver were dedicated to projects that Hartcourt has since moved beyond, and thus room has been made for executives that have expertise in Hartcourt`s present direction. We are continuing with negotiations with several candidates, and press releases will be made for any official announcements. For clarity, our search for a CEO for Hartcourt does not mean that Dr. Phan will be stepping down, the needed is for someone to handle the operations of Hartcourt. Dr. Phan will continue to develop business relationships and control the direction of Hartcourt as the Chairman of the Board.


Q) I would like to know when will be the time when the great american partner will be announced, because you said in one of your ceo letters that it will be mentioned as soon as the second partner in asia is on our side?

A) We are waiting for the business report from Ernst & Young. If all proceeds as scheduled, we anticipate that by Feb 15, 2000 we will have this matter resolved. Any delays from Ernst & Young may affect our announcement date.


Questions about UAC and SinoBull:

Q) What is the situation of Online stock trading in China? Do they have computer exchange systems, like Island or Instinet in the States? or the online trading is just sending the orders through internet to the brokers?

A) Online trading is run on UAC`s Huaqing Shitai 162 network, and transactions are processed through local Hua Xia Securities branches in China.


Q) In October 1999, it was announced that the UAC system has been in operation at two of China Securities locations & that it expects to wire up 12 additional offices.

A) Hua Xia Securities (aka. China Securities Co.), the second largest and perhaps most popular stock brokerage is the partner of Hartcourt and is handling the installations to their branch offices. When the next tier of branches are installed, we will issue a press release.


Q) Can the JV license documents be made available for viewing (understanding some details are confidential, perhaps you can make portions available)?

A) Unfortunately, these documents cannot be made public until after the SinoBull IPO, as they are confidential and sensitive in nature.


Q) I`m not questioning the fact that SinoBull acquired 50% of StreamingAsia, but i am curious to how it was done without having all of the partners on board? If they weren`t already on board, then what assets were used to acquire the 50%? That is if it didn`t come from the 55% partners

A) SinoBull is the entity that will own all of the participants like Streaming Asia. The inclusion of the various segments of SinoBull are being included one by one in exchange for their proportionate share of SinoBull.


Questions about Competitors to SinoBull:

Q) Shanghai Information Investment Inc. (SII), Compaq Computer Corporation and CMGI, Inc. announced that the companies have initiated the formation. The resulting strategic alliance will include the formation of a joint venture, to be based in Shanghai, that would build and operate a range of Internet and electronic commerce services to assist government and private enterprises adapt their businesses for the Internet. Is SII an competitor for SINOBULL.COM ????

A) SinoBull is to be the foremost financial services portal in China. It is not an ISP or just a website. SinoBull will have remarkable exposure through the "Stock Easy" set top boxes produced by Legend, the largest computer manufacture in China. Additional plans are now being made for a commercial incursion into the China business marketplace though.


Q) I heard that some other companies in China (one of them is http://www.yestock.com.cn/) are providing the same services as those from UAC. If sinobull.com is going to be the only online trading company in China, does it mean you are actually help to build a real online/computer trading system for individual Chinese investors? What is the uniqueness of online trading service provided by sinobull.com?

A) SinoBull via UAC will be the first and at present, the only licensed company in this field, becoming the pre-eminant facilitator of trades on behalf of the government brokerage houses. Its product and position in its marketplace are unique and special, and will be nationwide. Generally, other online trading is limited to the localized region. Understand that all brokerage houses are government controlled.


Q) First of all when you say you are planning to take over a certain amount of Internet Co.`s what kind of future does Sinobull hold besides the financial part. Secondly, would you say that Sina.Com and PCCLF are direct competitiors for this market or no. Not sure just wondering if you can elaborate on this for me.

A) SinoBull is on its way to becoming the foremost and at this time, the only formative financial portal throughout China. Thus, there are no present competitors, particularly since SinoBull is nationwide in scope, and not regional.
Answers to Frequently Asked Questions

Questions about the SinoBull.com IPO:

Q) Is Sina.Com in fact really SinoBull.com with a variant spelling or is it another coming IPO that will be in competition with SinoBull?

A) This is another company attempting to IPO its shares and having great difficulty in doing so. They are interested in becoming an ISP but will not be a competitor to SinoBull, since this company is essentially a financial portal, not an ISP.


Q) Dr. Phan said Hartcourt had requested that the investment banker reserve a portion of the Sinbull IPO for existing HRCT shareholders. What was the outcome of that request - have the terms been decided upon - and what is the X-date?

A) As there has not been, as yet, any definitive agreement made with an underwriter, we cannot speak with certainty as to any detail of HRCT shareholder IPO participation. We plan to have 500,000 to 1,000,000 shares reserved for Hartcourt shareholders, but that is still subject to firm agreements.


Q) I was wondering when the estimated date of the Sinobull.com IPO announcement and actual IPO launch to the stock market would be. I was hoping for something more specific than 2nd quarter. Also, will the SinoBull IPO be on the NASDAQ?

A) Second Quarter should see the completion of the underwriting agreements, creation of the prospectus, and all other technical matter necessary for filing with the exchange and NASD. We then expect the actual IPO to take place in summer 2000.


Q) And do you have any estimates on what proportions/ratios of HRCT shares to eligible purchase of SinoBull shares will be allowed. What estimates do you have that current shareholders would have chances to get access to the pre-IPO shares of SinoBull (I understand a vote is still needed)? Any time frame on when the cutoff date will also be announced? Also, any thoughts about the situation if the pre-IPO price exceeds $20/share.

A) Once a plan is approved by all parties (including the underwriters), we would then be able to calculate a proportion by which X number of Hartcourt shares would allow for purchase of Y number of SinoBull shares. This proportion will be based on the number of SinoBull shares that this agreement would make reserved for Hartcourt shareholders of a set date. If the pre-IPO price should be adjusted to exceed $20, all will be adjusted accordingly. Since the underwriting agreement has not yet been executed, talk about possible cut off dates or other similar matters is premature.


Q) When the SinoBull shares become available for purchase through Hartcourt for existing shareholders, do we make the purchases through the company, through a specific broker, and if so, should we start setting up an account with a specific broker? Or will this be done directly through the company? Then, would warrants or options to buy be granted? If so, would there be a time limit set for holding the options/warrants?

A) Since no underwriting agreement is in place yet, we cannot give details on the procedure in which SinoBull shares would be purchased. All details of such will be made available via our website and mailing list, as agreements become final. We anticipate an announcement of an underwriting agreement in February 2000, but many factors could move back that time table.


Q) Will non-Americans owning Hartcourt stock be able to purchase SinoBull IPO shares before it hits the market? Will the brokers of SinoBull sell to non-Americans?

A) Any provision made in regards to current Hartcourt shareholders will apply to all Hartcourt shareholders, regardless of domicile. An owner of shares is the owner anywhere, and will be given the same opportunities.


Q) Has the company contemplated the affect to the HRCT shares once the announcement of the SinoBull purchase becomes available? Are their any plans in place that would basically force people to hold both share types, so that HRCT doesn`t plunge in value?

A) Whether shareholders hold or sell is completely the shareholder`s decision. We do remind our shareholders that Hartcourt is planning much more than just our SinoBull.com IPO. We will continue to make strategic acquisitions and when appropriate bundle logical holdings into another IPO. It would be unfortunate if current shareholders were no longer shareholders, and thus unable to participate in additional offerings. We also remind our shareholders, that Hartcourt`s net worth will also increase in proportion to the value of SinoBull, since Hartcourt will continue to own the controlling stake in SinoBull.


Questions about Enova:

Q) When do you think they are going to put a price on ENOVA HOLDINGS. Can you elaborate what has happened to Enova Holdings? When will it begin trading? Any information about Enova`s status would be greatly appreciated.

A) We hope that in about 90 days we will have a price and trading of Enova. Because of legal and accounting "untanglements from HRCT", an unexpected delay was encountered. All of is being cleared up and the registration is being readied for submission.


Q) Can you give the EPS or book value of Enova, or any other details about Enova`s financials (or a link to them).

A) We cannot speculate as to any such price at this time.


Questions about Hartcourt:

Q) I am interested in buying shares of Hartcourt. Do you have a DRIP or do I have to buy shares over the counter?

A) We have no DRIP. Please go through your broker for Over The Counter shares of OTC BB: HRCT.


Q) When was the NASDAQ listing papers filed with the SEC and are there any early estimates on when you will be traded on the NASDAQ?

A) Our application was sent to the Nasdaq Market Inc., and arrived via express postal carrier on Monday 1/24/00. We anticipate a NASDAQ listing in approximately 30-60 days, barring any need for clarifications on our application.


Q) Has HRCT filed all the necessary papers with the SEC and been approved as a fully reporting company.

A) Hartcourt has been a fully reporting company since its inception.


Q) It was mentioned that the GEM (Hong Kong Exchange) listing was too costly at the moment at $700,000. Is Hartcourt planning to list either HRCT or Sinobull on the GEM? Will the Sinobull IPO be on both the NASDAQ and GEM?

A) We have not made any firm decision as yet on whether Hartcourt would be listed on the GEM Exchange. There are additional benefits for the SinoBull issue to be listed on both the NASDAQ and GEM Exchanges. Press releases will be issued informing our shareholders for any applications to those Exchanges.


Q) Have you pondered at what dollar amount a split would be advantageous to the HRCT (and SinoBull) stock and stockholders??? Also what would the SinoBull symbol be?

A) Since the SinoBull IPO is not underwritten yet, we cannot announce any anticipated symbol. As to possible stock splits, there are no current requests pending to the Board of Directors, but Dr. Phan has expressed interest in keeping the price at affordable levels. Unfortunately, stock splits are costly endeavors and important to note, a cost in the end to shareholders.


Q) What are Dr. Phans` holdings in Hartcourt and have they changed recently?

A) Dr. Phan and his Group represent approximately 25% of the outstanding shares. He has never sold one share of HRCT, and has no present plan to do so.


Q) I have read on one of your SEC filings that NUOA owns 1.3 Million shares of HRCT. Is this still the case, to the best of your knowledge? I can`t find any record of this ownership in the filings for NUOA.

A) This transaction has been reversed by HRCT. At any rate, we have no knowledge of how Nuoa keeps their books.


Q) A previous company press release reported the resignation of 2 directors from Hartcourt--the search for a CEO and CTO--& that a new board of directors would be on board by January. Have former directors, Luke & Lawver assumed positions with firms who are in competition with hartcourt? And, what is the status of bringing in the new board of directors?

A) We know of no former director or officer that has assumed a position with a competitor. Mr. Luke and Mr. Lawver were dedicated to projects that Hartcourt has since moved beyond, and thus room has been made for executives that have expertise in Hartcourt`s present direction. We are continuing with negotiations with several candidates, and press releases will be made for any official announcements. For clarity, our search for a CEO for Hartcourt does not mean that Dr. Phan will be stepping down, the needed is for someone to handle the operations of Hartcourt. Dr. Phan will continue to develop business relationships and control the direction of Hartcourt as the Chairman of the Board.


Q) I would like to know when will be the time when the great american partner will be announced, because you said in one of your ceo letters that it will be mentioned as soon as the second partner in asia is on our side?

A) We are waiting for the business report from Ernst & Young. If all proceeds as scheduled, we anticipate that by Feb 15, 2000 we will have this matter resolved. Any delays from Ernst & Young may affect our announcement date.


Questions about UAC and SinoBull:

Q) What is the situation of Online stock trading in China? Do they have computer exchange systems, like Island or Instinet in the States? or the online trading is just sending the orders through internet to the brokers?

A) Online trading is run on UAC`s Huaqing Shitai 162 network, and transactions are processed through local Hua Xia Securities branches in China.


Q) In October 1999, it was announced that the UAC system has been in operation at two of China Securities locations & that it expects to wire up 12 additional offices.

A) Hua Xia Securities (aka. China Securities Co.), the second largest and perhaps most popular stock brokerage is the partner of Hartcourt and is handling the installations to their branch offices. When the next tier of branches are installed, we will issue a press release.


Q) Can the JV license documents be made available for viewing (understanding some details are confidential, perhaps you can make portions available)?

A) Unfortunately, these documents cannot be made public until after the SinoBull IPO, as they are confidential and sensitive in nature.


Q) I`m not questioning the fact that SinoBull acquired 50% of StreamingAsia, but i am curious to how it was done without having all of the partners on board? If they weren`t already on board, then what assets were used to acquire the 50%? That is if it didn`t come from the 55% partners

A) SinoBull is the entity that will own all of the participants like Streaming Asia. The inclusion of the various segments of SinoBull are being included one by one in exchange for their proportionate share of SinoBull.


Questions about Competitors to SinoBull:

Q) Shanghai Information Investment Inc. (SII), Compaq Computer Corporation and CMGI, Inc. announced that the companies have initiated the formation. The resulting strategic alliance will include the formation of a joint venture, to be based in Shanghai, that would build and operate a range of Internet and electronic commerce services to assist government and private enterprises adapt their businesses for the Internet. Is SII an competitor for SINOBULL.COM ????

A) SinoBull is to be the foremost financial services portal in China. It is not an ISP or just a website. SinoBull will have remarkable exposure through the "Stock Easy" set top boxes produced by Legend, the largest computer manufacture in China. Additional plans are now being made for a commercial incursion into the China business marketplace though.


Q) I heard that some other companies in China (one of them is http://www.yestock.com.cn/) are providing the same services as those from UAC. If sinobull.com is going to be the only online trading company in China, does it mean you are actually help to build a real online/computer trading system for individual Chinese investors? What is the uniqueness of online trading service provided by sinobull.com?

A) SinoBull via UAC will be the first and at present, the only licensed company in this field, becoming the pre-eminant facilitator of trades on behalf of the government brokerage houses. Its product and position in its marketplace are unique and special, and will be nationwide. Generally, other online trading is limited to the localized region. Understand that all brokerage houses are government controlled.


Q) First of all when you say you are planning to take over a certain amount of Internet Co.`s what kind of future does Sinobull hold besides the financial part. Secondly, would you say that Sina.Com and PCCLF are direct competitiors for this market or no. Not sure just wondering if you can elaborate on this for me.

A) SinoBull is on its way to becoming the foremost and at this time, the only formative financial portal throughout China. Thus, there are no present competitors, particularly since SinoBull is nationwide in scope, and not regional.
Answers to Frequently Asked Questions

Questions about the SinoBull.com IPO:

Q) Is Sina.Com in fact really SinoBull.com with a variant spelling or is it another coming IPO that will be in competition with SinoBull?

A) This is another company attempting to IPO its shares and having great difficulty in doing so. They are interested in becoming an ISP but will not be a competitor to SinoBull, since this company is essentially a financial portal, not an ISP.


Q) Dr. Phan said Hartcourt had requested that the investment banker reserve a portion of the Sinbull IPO for existing HRCT shareholders. What was the outcome of that request - have the terms been decided upon - and what is the X-date?

A) As there has not been, as yet, any definitive agreement made with an underwriter, we cannot speak with certainty as to any detail of HRCT shareholder IPO participation. We plan to have 500,000 to 1,000,000 shares reserved for Hartcourt shareholders, but that is still subject to firm agreements.


Q) I was wondering when the estimated date of the Sinobull.com IPO announcement and actual IPO launch to the stock market would be. I was hoping for something more specific than 2nd quarter. Also, will the SinoBull IPO be on the NASDAQ?

A) Second Quarter should see the completion of the underwriting agreements, creation of the prospectus, and all other technical matter necessary for filing with the exchange and NASD. We then expect the actual IPO to take place in summer 2000.


Q) And do you have any estimates on what proportions/ratios of HRCT shares to eligible purchase of SinoBull shares will be allowed. What estimates do you have that current shareholders would have chances to get access to the pre-IPO shares of SinoBull (I understand a vote is still needed)? Any time frame on when the cutoff date will also be announced? Also, any thoughts about the situation if the pre-IPO price exceeds $20/share.

A) Once a plan is approved by all parties (including the underwriters), we would then be able to calculate a proportion by which X number of Hartcourt shares would allow for purchase of Y number of SinoBull shares. This proportion will be based on the number of SinoBull shares that this agreement would make reserved for Hartcourt shareholders of a set date. If the pre-IPO price should be adjusted to exceed $20, all will be adjusted accordingly. Since the underwriting agreement has not yet been executed, talk about possible cut off dates or other similar matters is premature.


Q) When the SinoBull shares become available for purchase through Hartcourt for existing shareholders, do we make the purchases through the company, through a specific broker, and if so, should we start setting up an account with a specific broker? Or will this be done directly through the company? Then, would warrants or options to buy be granted? If so, would there be a time limit set for holding the options/warrants?

A) Since no underwriting agreement is in place yet, we cannot give details on the procedure in which SinoBull shares would be purchased. All details of such will be made available via our website and mailing list, as agreements become final. We anticipate an announcement of an underwriting agreement in February 2000, but many factors could move back that time table.


Q) Will non-Americans owning Hartcourt stock be able to purchase SinoBull IPO shares before it hits the market? Will the brokers of SinoBull sell to non-Americans?

A) Any provision made in regards to current Hartcourt shareholders will apply to all Hartcourt shareholders, regardless of domicile. An owner of shares is the owner anywhere, and will be given the same opportunities.


Q) Has the company contemplated the affect to the HRCT shares once the announcement of the SinoBull purchase becomes available? Are their any plans in place that would basically force people to hold both share types, so that HRCT doesn`t plunge in value?

A) Whether shareholders hold or sell is completely the shareholder`s decision. We do remind our shareholders that Hartcourt is planning much more than just our SinoBull.com IPO. We will continue to make strategic acquisitions and when appropriate bundle logical holdings into another IPO. It would be unfortunate if current shareholders were no longer shareholders, and thus unable to participate in additional offerings. We also remind our shareholders, that Hartcourt`s net worth will also increase in proportion to the value of SinoBull, since Hartcourt will continue to own the controlling stake in SinoBull.


Questions about Enova:

Q) When do you think they are going to put a price on ENOVA HOLDINGS. Can you elaborate what has happened to Enova Holdings? When will it begin trading? Any information about Enova`s status would be greatly appreciated.

A) We hope that in about 90 days we will have a price and trading of Enova. Because of legal and accounting "untanglements from HRCT", an unexpected delay was encountered. All of is being cleared up and the registration is being readied for submission.


Q) Can you give the EPS or book value of Enova, or any other details about Enova`s financials (or a link to them).

A) We cannot speculate as to any such price at this time.


Questions about Hartcourt:

Q) I am interested in buying shares of Hartcourt. Do you have a DRIP or do I have to buy shares over the counter?

A) We have no DRIP. Please go through your broker for Over The Counter shares of OTC BB: HRCT.


Q) When was the NASDAQ listing papers filed with the SEC and are there any early estimates on when you will be traded on the NASDAQ?

A) Our application was sent to the Nasdaq Market Inc., and arrived via express postal carrier on Monday 1/24/00. We anticipate a NASDAQ listing in approximately 30-60 days, barring any need for clarifications on our application.


Q) Has HRCT filed all the necessary papers with the SEC and been approved as a fully reporting company.

A) Hartcourt has been a fully reporting company since its inception.


Q) It was mentioned that the GEM (Hong Kong Exchange) listing was too costly at the moment at $700,000. Is Hartcourt planning to list either HRCT or Sinobull on the GEM? Will the Sinobull IPO be on both the NASDAQ and GEM?

A) We have not made any firm decision as yet on whether Hartcourt would be listed on the GEM Exchange. There are additional benefits for the SinoBull issue to be listed on both the NASDAQ and GEM Exchanges. Press releases will be issued informing our shareholders for any applications to those Exchanges.


Q) Have you pondered at what dollar amount a split would be advantageous to the HRCT (and SinoBull) stock and stockholders??? Also what would the SinoBull symbol be?

A) Since the SinoBull IPO is not underwritten yet, we cannot announce any anticipated symbol. As to possible stock splits, there are no current requests pending to the Board of Directors, but Dr. Phan has expressed interest in keeping the price at affordable levels. Unfortunately, stock splits are costly endeavors and important to note, a cost in the end to shareholders.


Q) What are Dr. Phans` holdings in Hartcourt and have they changed recently?

A) Dr. Phan and his Group represent approximately 25% of the outstanding shares. He has never sold one share of HRCT, and has no present plan to do so.


Q) I have read on one of your SEC filings that NUOA owns 1.3 Million shares of HRCT. Is this still the case, to the best of your knowledge? I can`t find any record of this ownership in the filings for NUOA.

A) This transaction has been reversed by HRCT. At any rate, we have no knowledge of how Nuoa keeps their books.


Q) A previous company press release reported the resignation of 2 directors from Hartcourt--the search for a CEO and CTO--& that a new board of directors would be on board by January. Have former directors, Luke & Lawver assumed positions with firms who are in competition with hartcourt? And, what is the status of bringing in the new board of directors?

A) We know of no former director or officer that has assumed a position with a competitor. Mr. Luke and Mr. Lawver were dedicated to projects that Hartcourt has since moved beyond, and thus room has been made for executives that have expertise in Hartcourt`s present direction. We are continuing with negotiations with several candidates, and press releases will be made for any official announcements. For clarity, our search for a CEO for Hartcourt does not mean that Dr. Phan will be stepping down, the needed is for someone to handle the operations of Hartcourt. Dr. Phan will continue to develop business relationships and control the direction of Hartcourt as the Chairman of the Board.


Q) I would like to know when will be the time when the great american partner will be announced, because you said in one of your ceo letters that it will be mentioned as soon as the second partner in asia is on our side?

A) We are waiting for the business report from Ernst & Young. If all proceeds as scheduled, we anticipate that by Feb 15, 2000 we will have this matter resolved. Any delays from Ernst & Young may affect our announcement date.


Questions about UAC and SinoBull:

Q) What is the situation of Online stock trading in China? Do they have computer exchange systems, like Island or Instinet in the States? or the online trading is just sending the orders through internet to the brokers?

A) Online trading is run on UAC`s Huaqing Shitai 162 network, and transactions are processed through local Hua Xia Securities branches in China.


Q) In October 1999, it was announced that the UAC system has been in operation at two of China Securities locations & that it expects to wire up 12 additional offices.

A) Hua Xia Securities (aka. China Securities Co.), the second largest and perhaps most popular stock brokerage is the partner of Hartcourt and is handling the installations to their branch offices. When the next tier of branches are installed, we will issue a press release.


Q) Can the JV license documents be made available for viewing (understanding some details are confidential, perhaps you can make portions available)?

A) Unfortunately, these documents cannot be made public until after the SinoBull IPO, as they are confidential and sensitive in nature.


Q) I`m not questioning the fact that SinoBull acquired 50% of StreamingAsia, but i am curious to how it was done without having all of the partners on board? If they weren`t already on board, then what assets were used to acquire the 50%? That is if it didn`t come from the 55% partners

A) SinoBull is the entity that will own all of the participants like Streaming Asia. The inclusion of the various segments of SinoBull are being included one by one in exchange for their proportionate share of SinoBull.


Questions about Competitors to SinoBull:

Q) Shanghai Information Investment Inc. (SII), Compaq Computer Corporation and CMGI, Inc. announced that the companies have initiated the formation. The resulting strategic alliance will include the formation of a joint venture, to be based in Shanghai, that would build and operate a range of Internet and electronic commerce services to assist government and private enterprises adapt their businesses for the Internet. Is SII an competitor for SINOBULL.COM ????

A) SinoBull is to be the foremost financial services portal in China. It is not an ISP or just a website. SinoBull will have remarkable exposure through the "Stock Easy" set top boxes produced by Legend, the largest computer manufacture in China. Additional plans are now being made for a commercial incursion into the China business marketplace though.


Q) I heard that some other companies in China (one of them is http://www.yestock.com.cn/) are providing the same services as those from UAC. If sinobull.com is going to be the only online trading company in China, does it mean you are actually help to build a real online/computer trading system for individual Chinese investors? What is the uniqueness of online trading service provided by sinobull.com?

A) SinoBull via UAC will be the first and at present, the only licensed company in this field, becoming the pre-eminant facilitator of trades on behalf of the government brokerage houses. Its product and position in its marketplace are unique and special, and will be nationwide. Generally, other online trading is limited to the localized region. Understand that all brokerage houses are government controlled.


Q) First of all when you say you are planning to take over a certain amount of Internet Co.`s what kind of future does Sinobull hold besides the financial part. Secondly, would you say that Sina.Com and PCCLF are direct competitiors for this market or no. Not sure just wondering if you can elaborate on this for me.

A) SinoBull is on its way to becoming the foremost and at this time, the only formative financial portal throughout China. Thus, there are no present competitors, particularly since SinoBull is nationwide in scope, and not regional.
Answers to Frequently Asked Questions

Questions about the SinoBull.com IPO:

Q) Is Sina.Com in fact really SinoBull.com with a variant spelling or is it another coming IPO that will be in competition with SinoBull?

A) This is another company attempting to IPO its shares and having great difficulty in doing so. They are interested in becoming an ISP but will not be a competitor to SinoBull, since this company is essentially a financial portal, not an ISP.


Q) Dr. Phan said Hartcourt had requested that the investment banker reserve a portion of the Sinbull IPO for existing HRCT shareholders. What was the outcome of that request - have the terms been decided upon - and what is the X-date?

A) As there has not been, as yet, any definitive agreement made with an underwriter, we cannot speak with certainty as to any detail of HRCT shareholder IPO participation. We plan to have 500,000 to 1,000,000 shares reserved for Hartcourt shareholders, but that is still subject to firm agreements.


Q) I was wondering when the estimated date of the Sinobull.com IPO announcement and actual IPO launch to the stock market would be. I was hoping for something more specific than 2nd quarter. Also, will the SinoBull IPO be on the NASDAQ?

A) Second Quarter should see the completion of the underwriting agreements, creation of the prospectus, and all other technical matter necessary for filing with the exchange and NASD. We then expect the actual IPO to take place in summer 2000.


Q) And do you have any estimates on what proportions/ratios of HRCT shares to eligible purchase of SinoBull shares will be allowed. What estimates do you have that current shareholders would have chances to get access to the pre-IPO shares of SinoBull (I understand a vote is still needed)? Any time frame on when the cutoff date will also be announced? Also, any thoughts about the situation if the pre-IPO price exceeds $20/share.

A) Once a plan is approved by all parties (including the underwriters), we would then be able to calculate a proportion by which X number of Hartcourt shares would allow for purchase of Y number of SinoBull shares. This proportion will be based on the number of SinoBull shares that this agreement would make reserved for Hartcourt shareholders of a set date. If the pre-IPO price should be adjusted to exceed $20, all will be adjusted accordingly. Since the underwriting agreement has not yet been executed, talk about possible cut off dates or other similar matters is premature.


Q) When the SinoBull shares become available for purchase through Hartcourt for existing shareholders, do we make the purchases through the company, through a specific broker, and if so, should we start setting up an account with a specific broker? Or will this be done directly through the company? Then, would warrants or options to buy be granted? If so, would there be a time limit set for holding the options/warrants?

A) Since no underwriting agreement is in place yet, we cannot give details on the procedure in which SinoBull shares would be purchased. All details of such will be made available via our website and mailing list, as agreements become final. We anticipate an announcement of an underwriting agreement in February 2000, but many factors could move back that time table.


Q) Will non-Americans owning Hartcourt stock be able to purchase SinoBull IPO shares before it hits the market? Will the brokers of SinoBull sell to non-Americans?

A) Any provision made in regards to current Hartcourt shareholders will apply to all Hartcourt shareholders, regardless of domicile. An owner of shares is the owner anywhere, and will be given the same opportunities.


Q) Has the company contemplated the affect to the HRCT shares once the announcement of the SinoBull purchase becomes available? Are their any plans in place that would basically force people to hold both share types, so that HRCT doesn`t plunge in value?

A) Whether shareholders hold or sell is completely the shareholder`s decision. We do remind our shareholders that Hartcourt is planning much more than just our SinoBull.com IPO. We will continue to make strategic acquisitions and when appropriate bundle logical holdings into another IPO. It would be unfortunate if current shareholders were no longer shareholders, and thus unable to participate in additional offerings. We also remind our shareholders, that Hartcourt`s net worth will also increase in proportion to the value of SinoBull, since Hartcourt will continue to own the controlling stake in SinoBull.


Questions about Enova:

Q) When do you think they are going to put a price on ENOVA HOLDINGS. Can you elaborate what has happened to Enova Holdings? When will it begin trading? Any information about Enova`s status would be greatly appreciated.

A) We hope that in about 90 days we will have a price and trading of Enova. Because of legal and accounting "untanglements from HRCT", an unexpected delay was encountered. All of is being cleared up and the registration is being readied for submission.


Q) Can you give the EPS or book value of Enova, or any other details about Enova`s financials (or a link to them).

A) We cannot speculate as to any such price at this time.


Questions about Hartcourt:

Q) I am interested in buying shares of Hartcourt. Do you have a DRIP or do I have to buy shares over the counter?

A) We have no DRIP. Please go through your broker for Over The Counter shares of OTC BB: HRCT.


Q) When was the NASDAQ listing papers filed with the SEC and are there any early estimates on when you will be traded on the NASDAQ?

A) Our application was sent to the Nasdaq Market Inc., and arrived via express postal carrier on Monday 1/24/00. We anticipate a NASDAQ listing in approximately 30-60 days, barring any need for clarifications on our application.


Q) Has HRCT filed all the necessary papers with the SEC and been approved as a fully reporting company.

A) Hartcourt has been a fully reporting company since its inception.


Q) It was mentioned that the GEM (Hong Kong Exchange) listing was too costly at the moment at $700,000. Is Hartcourt planning to list either HRCT or Sinobull on the GEM? Will the Sinobull IPO be on both the NASDAQ and GEM?

A) We have not made any firm decision as yet on whether Hartcourt would be listed on the GEM Exchange. There are additional benefits for the SinoBull issue to be listed on both the NASDAQ and GEM Exchanges. Press releases will be issued informing our shareholders for any applications to those Exchanges.


Q) Have you pondered at what dollar amount a split would be advantageous to the HRCT (and SinoBull) stock and stockholders??? Also what would the SinoBull symbol be?

A) Since the SinoBull IPO is not underwritten yet, we cannot announce any anticipated symbol. As to possible stock splits, there are no current requests pending to the Board of Directors, but Dr. Phan has expressed interest in keeping the price at affordable levels. Unfortunately, stock splits are costly endeavors and important to note, a cost in the end to shareholders.


Q) What are Dr. Phans` holdings in Hartcourt and have they changed recently?

A) Dr. Phan and his Group represent approximately 25% of the outstanding shares. He has never sold one share of HRCT, and has no present plan to do so.


Q) I have read on one of your SEC filings that NUOA owns 1.3 Million shares of HRCT. Is this still the case, to the best of your knowledge? I can`t find any record of this ownership in the filings for NUOA.

A) This transaction has been reversed by HRCT. At any rate, we have no knowledge of how Nuoa keeps their books.


Q) A previous company press release reported the resignation of 2 directors from Hartcourt--the search for a CEO and CTO--& that a new board of directors would be on board by January. Have former directors, Luke & Lawver assumed positions with firms who are in competition with hartcourt? And, what is the status of bringing in the new board of directors?

A) We know of no former director or officer that has assumed a position with a competitor. Mr. Luke and Mr. Lawver were dedicated to projects that Hartcourt has since moved beyond, and thus room has been made for executives that have expertise in Hartcourt`s present direction. We are continuing with negotiations with several candidates, and press releases will be made for any official announcements. For clarity, our search for a CEO for Hartcourt does not mean that Dr. Phan will be stepping down, the needed is for someone to handle the operations of Hartcourt. Dr. Phan will continue to develop business relationships and control the direction of Hartcourt as the Chairman of the Board.


Q) I would like to know when will be the time when the great american partner will be announced, because you said in one of your ceo letters that it will be mentioned as soon as the second partner in asia is on our side?

A) We are waiting for the business report from Ernst & Young. If all proceeds as scheduled, we anticipate that by Feb 15, 2000 we will have this matter resolved. Any delays from Ernst & Young may affect our announcement date.


Questions about UAC and SinoBull:

Q) What is the situation of Online stock trading in China? Do they have computer exchange systems, like Island or Instinet in the States? or the online trading is just sending the orders through internet to the brokers?

A) Online trading is run on UAC`s Huaqing Shitai 162 network, and transactions are processed through local Hua Xia Securities branches in China.


Q) In October 1999, it was announced that the UAC system has been in operation at two of China Securities locations & that it expects to wire up 12 additional offices.

A) Hua Xia Securities (aka. China Securities Co.), the second largest and perhaps most popular stock brokerage is the partner of Hartcourt and is handling the installations to their branch offices. When the next tier of branches are installed, we will issue a press release.


Q) Can the JV license documents be made available for viewing (understanding some details are confidential, perhaps you can make portions available)?

A) Unfortunately, these documents cannot be made public until after the SinoBull IPO, as they are confidential and sensitive in nature.


Q) I`m not questioning the fact that SinoBull acquired 50% of StreamingAsia, but i am curious to how it was done without having all of the partners on board? If they weren`t already on board, then what assets were used to acquire the 50%? That is if it didn`t come from the 55% partners

A) SinoBull is the entity that will own all of the participants like Streaming Asia. The inclusion of the various segments of SinoBull are being included one by one in exchange for their proportionate share of SinoBull.


Questions about Competitors to SinoBull:

Q) Shanghai Information Investment Inc. (SII), Compaq Computer Corporation and CMGI, Inc. announced that the companies have initiated the formation. The resulting strategic alliance will include the formation of a joint venture, to be based in Shanghai, that would build and operate a range of Internet and electronic commerce services to assist government and private enterprises adapt their businesses for the Internet. Is SII an competitor for SINOBULL.COM ????

A) SinoBull is to be the foremost financial services portal in China. It is not an ISP or just a website. SinoBull will have remarkable exposure through the "Stock Easy" set top boxes produced by Legend, the largest computer manufacture in China. Additional plans are now being made for a commercial incursion into the China business marketplace though.


Q) I heard that some other companies in China (one of them is http://www.yestock.com.cn/) are providing the same services as those from UAC. If sinobull.com is going to be the only online trading company in China, does it mean you are actually help to build a real online/computer trading system for individual Chinese investors? What is the uniqueness of online trading service provided by sinobull.com?

A) SinoBull via UAC will be the first and at present, the only licensed company in this field, becoming the pre-eminant facilitator of trades on behalf of the government brokerage houses. Its product and position in its marketplace are unique and special, and will be nationwide. Generally, other online trading is limited to the localized region. Understand that all brokerage houses are government control

[Hollin]

So, und noch ein Bericht zu Legend, China Telecom, Settop-Boxen und weiteren Projekten:


26Jan2000 CHINA: HK Legend Considers Mergers, Acquisitions This Year - Chmn.
HONG KONG - (Dow Jones)-Legend Holdings Ltd. (L.LHD) is considering acquiring or merging with companies active in the Internet field this year, Chairman Liu Chuanzhi said at a press briefing Wednesday.
Liu said the computer hardware maker and distributor plans to collaborate with partners who can offer technical expertise, Internet content or additional funds.
"They will be complimentary collaborations," he said, without disclosing the target partners or the planned investment amounts.
Mary Ma, executive director of the company, said total investments will amount to between US$30 million and US$40 million this year, which is similar to the 1999 figure. But that figure doesn`t include acquisitions or other exceptional investments, she said.
Legend said it is cooperating with China Telecom to provide users with a one-year free unlimited Internet dial-up access, and will reveal details on other joint projects with the mainland operator later in the year.
Legend has also launched a new portal, Legend Frequency Modulation, which consists of channels providing news, education, entertainment and free stock market information.
The company`s Legend Conet computer, integrating PC, Internet content and Internet connectivity, has been well received by the market and sold 14,000 units in December alone, it said.
This month Legend has launched a set-top box product, which allows access to the Internet via home televisions. The product offers stock market and transaction information over the cable television network.
Earlier Wednesday Legend reported a 58% rise in third quarter net profit to HK$147.3 million from HK$92.9 million.
- By Verna Yu; [phone]; [e-mail].
(Copyright (c) 2000, Dow Jones & Company, Inc.).

Source: DOW JONES INTERNATIONAL NEWS 26/01/2000



Daß im letzten Abschnitt Sinobull nicht namentlich genannt wird, ist zwar schade, aber nur eine Frage der Zeit. Wie netman1 weiter oben bereits gepostet hat, ist all dies für den Langfristanleger kein Problem. Ich würde es jedenfalls für einen groben Fehler halten, zu einem Zeitpunkt auszusteigen, wo das Sinobull-Projekt immer deutlichere Formen annimmt und durch die Nutzung der von Legend vertriebenen Settop-Boxen einen zusätzlichen und äußerst vielversprechenden Kanal gefunden hat, an den man vor 2 Wochen noch gar nicht denken konnte.


Gruß

Hollin

[islaender]

Hi Ihr wankelmuetigen,
wir brauchen uns ueber hrct keinerlei Sorgen zu machen. Der Kurs ist schoen stabil, die Geschaefte laufen an und werden nach und nach umgesetzt.
Zum Glueck sind die Zeiten :
Himmel hoch jauchzend....zu Tode betruebt,
endlich vorbei.
Die Zockerbrueder sind weiter gezogen und nun lasst das Pflaenzchen mal wachsen.
Ich finde, es steht wirklich zum Besten !

[RamonAllones]

Hallo,
ja ich denke der islaender hat recht. HRCT wird jetzt für Zocker immer mehr uninteressant. Der Wert wird ja langsam stabiler, leider aber auch stabil unter meinem Einkaufspreis. Egal, unsere Zeit wird kommen und das schon sehr bald.

FORZA HRCT !!!!