Hopefully this still relates to SYQT.
Forbes; March 9, 1998, Page 80
A LEGEND IN THE MAKING - The Chinese are nuts about the PC. Their favorite: a homegrown brand.
"...Scorekeeper International Data Corp. forecasts that the Chinese market will expand by a third this year, to more than 4 million units, after growing over 40% in 1997. The Chinese government is pushing computerization; better still, owning a PC has become a status symbol in a society that sets great store by status. ..."
"...Legend's slogan, "One family, one computer,: resonates with Chinese consumers. Per capita income may be less than $1,000 in China, but as family income grows, Liu thinks a computer will be high on any family's buy list. 'Chinese families pay a lot of attention to children's education,' he reasons. 'It's Chinese nature that if your neighbor has one, you must buy one. It's a kind of competition.' Yang predicts Legend will ship more than 1 million units in the year 2000, 40% to 50% of them home PCs. Foreign investors will have a chance to invest in this ambitious enterprise. By the end of March Beijing-based Legend will sell its PC manufacturing and distribution units to a Hong Kong-listed 'red chip' offshoot, Legend Holdings Ltd., for $270 million. Investors wishing to hitch their wagons to Legend's star can buy Legend shares. You can also bet that the Hong Kong affiliate will offer additional shares to foreigners as a means of raising expansion capital for this ambitious outfit." |
