ADR's don't bite. For over a week most of my holdings have been ADR's especially the finer ones like TEF, CHL, TMX, COLT, ARMHY, KOREA, CHINA, I've had them on watch lisy before but they were veritably ignored but NO MORE. I was told EIDSY was a gamble and many others. The Latin Americans, the Japanese, the Koreans, the Germans, all want into the net in a big way, They are merging and becoming telecom giants.
Three from todays watch list and the ones I left off...ouch!
6> KYO - KYOCERA CORP .EEE
Price= 142.4 VL/30= 285.7 %Rnge= 37.0 Sto9V= 77.0
W14dV= 65.5 %Hi4 = 100.0 1-Dy = 107.8 50MA = 132.4
10MA = 108.7 Kyocera Corp. (KYO: news, msgs) rebounded 1200 yen, or 8.7 percent, to 15,000. Kyocera owns 25 percent of DDI and would be the largest shareholder in the merged telecommunications entity. Toyota controls cellular phone maker IDO Corp. and is the second largest shareholder of KDD Corp., the Japanese international carrier. KDD, IDO and DDI Corp., a long-distance carrier, unveiled a $26.2 billion merger Thursday that's set to challenge Nippon Telegraph and Telephone Corp. Even if the company retreats it will still be a powerhouse to reckon with. This could take off like a QCOM. They are also into plastics and video phones
7> SKM - SK TELECOM LTD .TMC
Price= 27.0 VL/30= 59.9 %Rnge= 41.0 Sto9V= 45.0
W14dV= 67.5 %Hi4 = 96.6 1-Dy = 103.9 50MA = 149.3
10MA = 102.1 . Very nice cup and handle chart formation. SKM will soon have 60% of the mobile phone market in Korea, where mobile phone subscribers have tripled in the last two years alone (not to mention that it is the #1 provider of paging services in India). This is not a one hit wonder
11> GLCBY - GLOBO CABO S A .BCA
Price= 11.2 VL/30= 194.7 %Rnge= 88.0 Sto9V= 62.1
W14dV= 76.4 %Hi4 = 100.0 1-Dy = 117.7 50MA = 167.6
10MA = 123.0
NEWS:So Globo Cabo is making good partners in Telephone and comunications sectors.
Globo Cabo is on the way of Digital TV where the future of Brrazil will have everything on
your TV. Internet, Phone, Video Conferences..........................
Let me tell you first hand of venture Capitalists have just started Yupi.com one of the largest private equity placements for a Latin American Internet company, securing $67.4 million. The Latin web portas is on the move with the latest investment, which brings its total raised this year to more than $110 million. The site provides a Latin American and Spanish portal to news, sports and entertainment round shows the clout the site is developing it ins market space: Souces include J & Swligman & Co., News Corp., Comcast Interactive Capital, Banc of American Equity Partners, the Latin America Enterprise Fund and Miami-based Onterprise Technology Partners.
Interprise led an earlier $10 million financing round for YUPI.com. The copany has swelled its employment ranks from 47to 200 in 4 months
The company has also struck a deal with Miami-based Patagon.com as South Florida's love affair with the Latin American web scene continues to grow.
Miami based Patagon.com is an internet-based Latin American Financial website providing information on the region's stock exchanges as ell as consumer finance information, such as securing a low financing rate. The company is the exclusive financial ifnromationprovider to StarMedia, a New York Based Latin American portal. Further cementing South Florida's role as the hub of Latin Amerian Internet activity. SportsYa Inc. says it has received $5.4 million in first round venture capital.
Planning an acquisition binge, PrintOnTheNet.com says it intends to raise up to $4.4 million by offerng shares of preferred at 35.2 cents a hae, which upon sale will be converted into cpmmon stock and give the company $4.9 million in capital.
LatPro Network is meeting with investors to help the company close on a $3 million first round of financing. LatPro is an online clearing house for management jobs requiring candidates that speak spanish and Portuguese. The company is targeting a group of Internet users that Jupiter Communications projects will hit 9 million by the end of the year, with an increase to 38 million in 2003. This projected increase of nearly 50% annually makes Latin America the region with the highest expected growth rate internationally, exceeding that of the U.S., Europe an Asia.
What I'm doing is reading everything I can lay my hands on on the progress with telecommunications and deals with American countries. I have done well with ADR's for 10 years and plan to invest in them.
GLCBY took me over 1/2 hour to analyse last night globopar.com.br reading through this magazine I came across the deal with Microsoft
techstocks.com |
