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Technology Stocks : China.com Corp-(CHINA)

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To: Jack Hartmann who wrote (471)	10/3/2000 10:31:13 AM
From: Sarkie	Read Replies (1) of 504

Chinadotcom sees Q3 revs in line with estimates ================================================================ NEW YORK, Oct 3 (Reuters) - Asian Internet firm chinadotcom Corp. (NASDAQ:CHINA) said on Tuesday that it expects its third-quarter revenues to be in line with industry estimates. The company did not specify what those estimates are, and officials were not immediately available for comment. It said it had continued to make progress in the third quarter amid growing consolidation, cutbacks and layoffs in the Internet sector. Chinadotcom, which is comprised of a portal, online advertising networks and an e-business unit, said it was well-positioned to acquire other companies to consolidate its position as a Pan-Asian Internet firm with its cash reserve and cash equivalents of more than $465 million. The company saw its revenues grow by 52 percent in the second quarter to $30.3 million from $20 million in the first quarter. Its shares were down 7/8 at $11-7/8 on the Nasdaq stock market. Copyright 2000, Reuters News Service

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