hey blessed...
If you forgot, this isn't the "blessed" thread or the ztect thread,
IT IS THE GTCI thread..
So, let me show you one where GTCI is hyping GTCI......(see below)
Now not-so-blessed, I've given numerous reasons why I believe GTCI is
a bad investment and is exaggerating it's market and market position
to mislead investors into pumping up the share price of this company.
Now not-so-blessed you purportedly have "faith" and that is your
basis for "investing" in this company.
So here not-so-blessed please answer the questions I asked Francois, so you can clearly and succinctly list why you believe this is a "good" investment...
Now "blessed", please tell me why this company is such a wonderful investment and list your top five reasons why. Also, exactly explain how this specify company is going to take advantage of opening markets in China and refer to the sources of your information by providing links to that information. Back your wishful thinking up with verifiable numbers and agreements [and not just cutting and pasting of company press releases].
Not-so-blessed also explain to me how GTCI is going to realize the
earning projections put forth by WSRG...
Here again are WSRG's projection
GTCI, with estimated 1999 earnings of $ .69 per share
Come on not-so-blessed, demonstrate your great 'dd' skills..
especially since hitherto you appear to have posted everything
except what would be due diligence.
C-mon, BIGMOUTH, put up or SHUT UP!!!!!!!
Now not-so-blessed per the article you posted.....click link
Message 7791993
dated Feb. 9, 1999
"..Sales of personal computers for home users in the mainland grew more than 60 per cent last year compared with 1997, with more than 1.2 million units sold, according to market researcher Advanced Forecasting-HuiCong (AFHC)..."
Now per GTCI Press Release available on GTIC's web page, GTCI makes the following claims regarding the Chinese market for their y2k product...
globaltci.com
SAN DIEGO, Dec. 1 /PRNewswire/ -- Global Telephone Communication Inc. (OTC Bulletin Board: GTCI - news)
"...China's metal industry illustrates the extent of potential Y2K problems. The China Metallurgical Industry Bureau reports that 20,000 of the 28,000 computers used in the industry, or 71 percent, are threatened by Y2K problems. The PC market in China alone totals 10 million computers, all of which must address the millennium bug...."
Now not-so-blessed explain to me how China can simultaneously have purchased a total of 1.9 million y2k hardware COMPLIANT computers in the past two years, which was a HUGE increase in purchased computers yet somehow ALREADY have 10 million hardware NON compliant computers?
Remember GTCI's software is a hardware fix and thus "...all of which must address the millennium bug...." has nothing to do with GTCI's software, since for the only way for this statement to be true would be if GTCI's software also attempted to identify software bugs.
Per the article YOU provided, China has only 1.9 million compliant PC's...and per the article you provided the number of computers in China preceding these 1.9 million is even A LOT LESS and certainly no where near 10 million..
Why the hype by GTCI? To mislead investors by overstating the market?
Most likely.
Also regarding the ISP, GTCI web page and WSRG both contain the same language...
wallstreetresearch.net
globaltci.com
"...Equally explosive growth is expected in PC sales and users. The Chinese market is expected to become the LARGEST in the world! As a matter of fact, personal computer sales in China are expected to surpass those in the United States by year 2000...."
Again why the hyped and completely obvious BS? No way in heck will this wild and irresponsible statement be a reality. How many PC's are there in the US?
Not-so-blessed...how do you justify this hyperbola?
Now one could justify these exaggerated statements
by qualifying them and stating that the percent increase
in sales in China will exceed those sales rates in the US
because there are so few computers relative to the population
in China (approx. 2%), so obviously there is much greater potential
for growth where the US is already more saturated,
However GTCI doesn't attempt to make any such qualification.
Nor is there any substantiation or explanation for the
hyperbola tagged on to both GTCI's web page and WSRG's report
when the statement
"...Other forecasts see 100 million users in the near future..."
Here is that statement in greater context...
"...The number of people using the Internet in the world's most populous nation has increased more than 30 fold in just five years. Internet users are expected to grow from 70,000 in 1996 to 4 million in 2000 and 7 million by 2001. Other forecasts see 100 million users in the near future..."
Now please not-so-blessed tell me what "other" forecasts?
And why the need to add the hyperbola? Big jump from 7 mil to 100 mil,
wouldn't you say? Also compare that 7 mil to the approx 160 mil global Internet users NOW and the projected 1 billion Internet users by 2001..Thus China's projected use is a whopping .7% of the global Internet usage.
Attempting to exaggerate need for services by exaggerating the size and growth of the market is an attempt to manipulate share holder's interest.
Mow I agree it IS true that many urban Chinese are eager to buy computers.
It is also true that the Internet is making it difficult
for the Chinese government to monitor and control information.
But both computers and Internet access for Chinese are expensive. Plus Chinese hitherto do NOT have credit cards. Thus a large ticket
item (like a computer) even for the "middle" class Chinese represents a substantial portion of an urban Chinese disposable annual income and thus takes time and planning for urban Chinese to pay for which, in turn, slows down substantially the rates of computer sales in China.
The rate of Internet growth in China is also hampered by costs
of access due to China Telecom's monopoly which is a severe burden
except for the very FEW affluent crony capitalists. Now Telecom's
monopoly is being challenged as others are starting to provide service
like China Unicom, and Hong Kong Telecom (HKT id own both by Cable and Wireless and China Telecom)...State run monopolies have been an impediment to growth and are especially prone to corruption
thus this monopoly too deters growth though for the Chinese government
provides some semblance for control. Though note that as telephony and cable providers expand so do the growing number of ISP's as well as the number of major companies moving into this market like AOL all of which are competing for a small market especially relative to the global market.
Thus this need for control is also affecting the rate of growth, but unfortunately for the Chinese Authoritarians, the genie has been
left out of the bottle, and the Internet may indeed provide access
to information that undermines Totalitarian beliefs.
However, all of these "improving" aspects of China as those who perceive the glass to be half filled rather than half empty, don't negate the fact that China has a tremendous disparity between the few who have and the many that don't. The majority of Chinese are still poor and are either in rural areas or the not so glamorous cities that the tourists typically do not see. In these cities and in the countryside, the prospects for Internet access and computer ownership are even less of a reality. Thus growth is hampered further still by the economic reality that as environmental regulations and worker regs are imposed plus salaries raised, many of the jobs that will remain will require skills that the Chinese may have not (since they currently aren't) prepared people for.
Any not-so "blessed" now it is your turn, please explain why this
is such a wonderful investment....
Plus remember WISHFUL THINKING and especially platitudes like
risk/reward with out explaining what you perceive the risk
factors to be are HYPE without any basis for the reasons
for "faith" in this investment.
So again, BIGMOUTH, put up or SHUT UP!!!!!!!
Sincerely,
ztect
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