Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zi-Corp (ZICA), formerly MCUAF -- Ignore unavailable to you. Want to Upgrade?

To: CocoBob who wrote (1618)	10/22/1999 2:14:00 PM
From: Sawtooth	Respond to of 2082

Thanks for the news, Robert. Know I've mentioned it in the past but your news and updates are very valuable. Most appreciated and looking for more in the future. In some ways Zi is starting to vaguely resemble one of my core holdings, Qcom, from several years ago. For years on end, the naysayers kept up the cry of "it will never work!" In fact the bashing continued right up to the very point that the company finally turned the corner and blasted up so fast and so far that its nearly vertical price line is still talked about. Then, of course, the fervent naysayers were gone; likely wondering what hit them when the stock shot up a thousand percentage points, providing rich rewards to those who believed in the story and the company. It's history now, all efficently archived in the last year on the SI Qcom thread. Interesting to see the naysayers messages at a point when the stock was several hundred $ points lower than it is today. Could it happen to Zi? Best. ...Tim

To: CocoBob who wrote (1618)	10/26/1999 10:00:00 PM
From: Ahda	Read Replies (1) \| Respond to of 2082

I laughed when i read this shush never mind those years ends guys and just be darn sure a hand shake is pristine. Wednesday, October 27, 1999 Bosses face jail if firms go bust CHOW CHUNG-YAN -------------------------------------------------------------------------------- Legislators have proposed amending the law in an attempt to bring the managers of bankrupt state firms to justice, it was reported yesterday. Under the proposal, a manager would face trial if a firm went into bankruptcy due to "neglect of duty or abuse of power", China Youth Daily said. The penalty for managers of the insolvent state firms could be as much as three years in jail. In some special cases managers could be put behind bars for seven years. "In the past it has been difficult to bring charges against those who cause serious economic loss to the state because of neglect of duty," the paper quoted the National People's Congress (NPC) Law Committee vice-chairman Gu Angran as saying. The "neglect of duty" referred to by Mr Gu includes improper management, stock speculation in overseas markets without approval and providing personal loans with state money. "We need to enhance our laws in these fields to punish those who breach government rules and lead state enterprise to bankruptcy," Mr Gu said. "We have consulted with the Central Commission [for Political and Legal Affairs], Supreme People's Court and Supreme People's Procuratorate to propose this amendment." State firm managers have been given heavy sentences for corruption and embezzlement. But the proposed regulation would see managers failing to perform their duties go to jail as well. Many top state managers have been involved in graft scandals in recent years. Hu Junliang, former manager of Hunan International Trust and Credit Investment, was sentenced to 10 years this year. Earlier, Chu Shijian, ex-boss of the Hongta Tobacco Group in Yunnan province, was jailed for life for embezzlement. If the NPC approved the amendment it would improve the management of state enterprises, the paper said. It quoted a legal expert as saying: "It will be a big step forward. The amendment will also help the anti-corruption campaign."