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Technology Stocks : Korea Thrunet Co Ltd - (KOREA)
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To: Frederick Langford who wrote (137)12/10/1999 10:58:00 PM
From: Jack Hartmann  Read Replies (3) of 406
 
Fred, So this begs the question. If $70 was tempting, then what is the target? I have $100 target based on the following.
- MSFT increase in the #1 ISP leader in Korea. Figure MSFT has better analysts than most to increase the money spent on them.
- Exercise of the overallotment by Underwriters
- Complex website in Korean and English. :-) thrunet.com
- Upgraded its backbone meaning lower lease rates
- Phillips Group says that, if recently announced fibre projects are implemented, regional growth may be even greater. The company says that early indications show that the potential Asia-Pacific Internet market for 2006 could comprise in excess of 370 million users, an increase of 750% from the figures predicted for the end of 1999. (Nov 8)
- Missed SIFY, IIJI, and CHINA and watch them shoot toward the sky.
- Alleged 4200% rev growth from the prospectus that I haven't got.
- Complete lack of earning estimates
- No sept 99 financials to read and post negatively.<g>
- QP period up Monday
- Expected analyst upgrades. CIBC is the one I'm watching for.
- Linux + China + wireless diverted attention the last three weeks

I wish I could find the negative posts about the stock, but most relate to profit taking. I want to find the Sep 99 financials to read.
Jack
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