Hong Kong Analyst Questions China.com Numbers; Cautions of China
11/30/99 16:3 (New York)
Prosperity
Holdings Technology in an Exclusive Interview with StockHouse.com
NEW YORK, Nov. 30 /PRNewswire/ -- Top Asian Internet analyst Osamu
Wilde of Jardine Flemming cautioned investors, in an exclusive StockHouse.com
interview, about pageviews and/or hits claimed by China.com (Nasdaq: CHINA)
stating, "I think quite a few of them are somewhat inflated. I think we might
be a little disappointed." He was also asked about potential Asian
misrepresentations and replied, "I'm looking forward to companies setting up
third-party auditing. I think A.C. Nielson is doing a survey certainly for
the Hong Kong audience this quarter some time."
Wilde also blasted China Prosperity Holdings (Nasdaq: CPIH), saying,
"These are the guys that are going to use VDSLs, a largely untested technology
that's trying to beat the Telco incumbent at its own game. Have they rolled
off anywhere? I don't think so."
Wilde also warned that foreign investments in Chinese Internet companies
may need to be reduced, saying, "There's sort of another conflicting argument
which says that it has to be reduced below 50% or to 50%, at least."
The entire interview will be available Tuesday, November 30, at 7 p.m. EST
at stockhouse.com.
StockHouse Media Corporation is a leading Internet financial media
information service company providing breaking news about North American
stocks via their Internet publication, StockHouse.com. With nearly one
million visitors per month, StockHouse has emerged as a leading online
financial-content provider. A subsidiary, StockHouse Canada, is the #1
Canadian financial web site, where an estimated 23% of Canadian online
investors conduct investment research.
StockHouse maintains offices in the United States, Canada, Australia, Hong
Kong and the U.K.
Media Contact: StockHouse Media Corporation
Tel: 1-888-944-4494
Email: media@stockhouse.com
SOURCE StockHouse.com
-0- 11/30/1999
/CONTACT: StockHouse Media Corporation, 888-944-4494, or e-mail,
media@stockhouse.com/
/Web site: stockhouse.com /
(CHINA CPIH)
CO: StockHouse.com; Jardine Flemming; China.com; China Prosperity Holdings
ST: New York, China
IN: FIN MLM
SU: RTG
-0- Nov/30/1999 15:48
EOS (PRN) Nov/30/1999 15:48 85
-0- (PRN) Nov/30/1999 16:03 |
