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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock?
XNET 7.105-0.9%Dec 31 3:59 PM EST
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To: Dorine Essey who wrote (189)3/10/1999 3:10:00 PM
From: Robert Andrew  Read Replies (1) of 1593
 
Dorine, I went into the Microsoft new to find
a great deal of information today on the China
Deal. Microsoft wants to put out their own products
to gain marketshare in China. This is a small excerpt
from one of the news reports.
_____
It is unclear how broad Microsoft's reach can be in a huge nation where the Internet has posed touchy policy questions
for authorities who are at once encouraging its growth while also trying to keep tight controls on information.

Despite various controls and threats to information dissemination in China, Internet use has soared. Users topped 2.1
million in 1998, a fourfold growth in a year, and another 1.5 million accounts are expected to be opened this year.

High-tech analysts believe the growth is unstoppable.

''Sooner or later, technology will find a way to circumvent restrictions,'' said Charle Peza, a telecommunications analyst
at the Hong Kong office of investment bank Salomon Smith Barney. ''The policy direction in China seems to be one of
opening up.''

A public relations adviser for Microsoft, Jenny Liu, would not say how many customers Microsoft is hoping to get in
China. Nor would Microsoft discuss how much money it is investing in deals it was signing today with seven
companies on the mainland.
___
Notice that it stated they invested in seven companies in China.
I seems to be the start of internet mania in China. Let's hope
XNET benefits from this.
Regards
Robert A
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