CNNfn’s CBQ, Inc. Live Interview,
Aired August 20, 2001 5 p.m. ET on CNNfn
The N.E.W. Show "The New Economy Watch"
Topic: “Importing PCs from China”
Note: Investor Relation Composition, not a transcript because of copyright. I am merely listening to it as I type this post for those that missed the interview for whatever the reason like myself:
The interview starts out as a split screen with Bruce on the left introducing Bart Fisher’s as the first man to get a deal and his efforts to bring China PC into the US market.
Bart responds with a right and elaborates further that CBQ is working through the issues related to quality, pricing, standards and CBQ is testing samples presently.
To the left over Bruce’s picture a Gray Data File appears stating the topic is “Made in China” with two bulleted items underneath. The first states CBQ plans to import Chinese PCs, laptops and Internet appliances. The second is a prediction that CBQ well sell these computers up to 40% cheaper than U.S. counterparts.
Bart continues to inform Bruce that CBQ has to make sure the products to be imported will be in total conformity with U.S. laws, standards and regulations. He let it be known that CBQ has orders and are seeking additional orders. Of course, it is really a question of filling the orders at this point he clearly sums up.
The data file Changes to a new bullet under the “Made In China” header stating that CBQ has agreements with two leading Chinese computer makers. Legend Computers and Superior Computers”
Bruce inquires that if CBQ is able to work the stated issues could CBQ have a 40% advantage on price, what kind of sales figures is CBQ projecting in the next year or two as CBQ brings these PC into the U.S.
Bart responds that the sales figures are hard to project, but all you have to is to look at the television set sector.
The data file screen changes again with another bulleted item stating CBQ has been working on software development in China over the past two years, and is now pursuing hardware.
Bart continues making reference to Knoka Televisions and how they are pressin on to 5% of the U.S. market. In order to keep everyone on the same page here is an article from spring of last year (2000) on Konka lcb1.uoregon.edu
Bart continues making reference if China can import TVs and the U.S. has a $94 billion trade deficit with China, obviously they can sell, which is why CBQ is very excited about this opportunity..
The data file disappears as Bruce steps in making reference for people who are familiar with CBQ, Bruce wants to know since CBQ has experience in the Chinese market if Bart could give a recap of what CBQ has been doing to date and how CBQ transitions from that into the hardware business.
The camera makes a close up of Bart and he says right and begins to tell Bruce CBQ is an end to end solution provider for the information technology (IT) industry and that includes 4 parts of the business. First, CBQ acquires equipment for CBQ’s customers, then the software development, then the network and integration and last the service and maintenance. He then references that the first part of the hardware acquisition directly relates to this recent development in the China story, upon which CBQ will use the hardware obtained from China for CBQ’s customers. This will include computers, laptop computers and PDAs, (Personal Digital Assistant such as a hand-held PC or Pocket PC). Bart then restates that first CBQ obtain the hardware and second software development, which CBQ began doing in China two years. CBQ put together teams for their U.S. clients such as Daimler Chrysler. Upon which these teams are put together to solve Information Technology problems for US customers from China as well as the U.S. The CBQ does networking and integration plus service and maintenance. However, Bart clarifies the first two obviously relate to China.
Bruce inquires as to when can the market expect to see CBQ’s computers here.
Bart responds that he hopes by the end of the year. Also He hopes to begin with laptops because they are the easiest and simplest to import.
Bruce thanks Bart and Bart acknowledged it was great.
CIIR cash & restricted stock
:=) Gary Swancey |
