Hi Ajack,
I think you're absolutely right when you commented on the potential size of the Chinese telecom/internet market and that GTCI will undoubtedly benfit from this. Most experts agree that the Chinese internet market will be the bigget market in Asia surpassing that of Australia and Japan by 2001. In addition, there have been a very strong increase in the number of Chinese websites and the resultant number of web pages in China. This is for most part due to many new technologies being made available to the Chinese markets such as Windows 98' Chinese version, voice recognition Chinese software, and many more such tools designed to facilitate the growth and usage of the internet in China.
Furthermore, looking at GTCI's business plan, you will realize that it is much more than just an ISP company in China. The scope of business they are encompasses areas such as, e-commerce, internet-telephony services, software development, systems integration services, computer networking, etc.
In other words, they will become a full-service IT company expanding into other high growth areas in China as well as other Asian countries.
As I have said before, the demand for telecom products and services in China and for most part in Asia is insatiable and essentially fuel for growth. Therefore, companies such as GTCI with good connections with the governement and a good business strategy will have a good chance of succeeding in the future. Small companies are often much more nimble and are more adaptive to market changes and demands as we have seen evident of this time after time in the US. I think it is absolute nonsense when naysayers are constantly espousing the assertion that small companies can never compete with big companies because they will get "rolled-over." If that was the case we would have never witnessed the rise of such companies such as Dell, Netscapse, Cisco Systems, Amazon.com, Yahoo, etc., because lest not we forget that these were all small companies at one time! |
