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Non-Tech : CAOL: The Chinese AOL and Internet Lottery
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To: money@work who wrote (534)7/12/1999 3:00:00 PM
From: Dave Gore  Read Replies (1) of 720
 
Money, I noticed the Morgan Stanley Report on Chinese Internet Stocks that you posted on the CHML thread. It is worth re-posting here....very interesting....thanks!

Morgan Stanley sees explosion in China Internet usage. Repost from SI.

To: +Richard Monge (43 )
From: +money@work
Sunday, Jun 27 1999 10:30PM ET
Reply # of 54



MORGAN STANLEY SEES BOOM IN ASIAN NET STOCKS...READ:

HONG KONG (Reuters) - Morgan Stanley Dean Witter Asia said Thursday it
expected to see the market capitalization of Internet companies in Asia top US$200
billion in the next few years as Internet use in the region explodes.
''I believe the market cap of the Internet-related stocks will easily value US$200 billion
in Asia in the next three to five years,'' chairman John S. Wadsworth told a news
conference.
Wadsworth said market capitalization of the Internet-related stocks in the United States
had grown rapidly to US$700 billion -- excluding Microsoft Corp (Nasdaq:MSFT -
news) -- in the past five years from near zero.
Asia would likely follow the U.S. model, he said.
Gurinder Kalra, Morgan Stanley's Asian Internet e-commerce and technology research
analyst, said Internet usage in Asia would grow explosively and regional
telecommunications operators would have a definite advantage.
Kalra said Hong Kong Internet services and content providers would be advised to
partner with global leaders to gain access to brand and technology advantages. Many
leading U.S. Internet firms are now looking for partners in Asia, he added.
Kalra said he expected the compound annual growth rate of the number of Internet
subscribers in Asia to exceed 38 percent over the next five years, growing to more than
40 million subscribers from the current eight million.
''We expect Asian PC unit growth to average 22 percent a year over the next five years.
This compare with an expected 14 percent rate globally and an 11 percent growth rate
in the U.S.,'' he said.
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