China.com Corp-(CHINA) Message Board

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Technology Stocks : China.com Corp-(CHINA)

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To: 2MAR$ who wrote (495)	8/14/2003 11:21:18 PM
From: Rock_nj	of 504

So, what do you think, is CHINA a buy now that it has fallen back to sub $9. I expect the Chinets will run again this fall as the money returns to the market when the traders get back from their vacations. Most of them are experiencing phenomenal growth. I guess the reason CHINA hasn't run like the others is because the amount of shares outstanding and the fact that as briefing.com pointed out, CHINA's "growth" is rather illusionary. How can they burn $100 M in cash and report a profit. Seems like smoke and mirrors. But, according to their PR on Aug 8th, they only burned $6M last quarter?!? Somebody doesn't have their story straight. Our cash and cash equivalents balances, net of loans, is US$360 million as at the end of June 2003. There have been movements of cash between pure cash holdings and our AAA- rated US government treasuries and agency bonds. Our net cash balances fell by US$6 million compared to the US$366 million net balance at the end of Q1 2003. Excluding the US$14 million first tranche purchase of Newpalm, our cash levels would have risen to US$374 million at the end of the 2nd quarter.

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