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Technology Stocks : MyWeb Inc.com (MYWB) -- Ignore unavailable to you. Want to Upgrade?


To: jjs64 who wrote (60)11/22/1999 11:33:00 AM
From: beta_dog  Respond to of 70
 
Good point! However, EVERYONE has a television, China has a very high savings rate, and with entry into the WTO, Chinese will be looking to surf the web and purchase goods and services online. It's just a matter of time before that country becomes one of THE powerhouse economies on the globe. Do you not agree? I believe that it is inevitable. MYWB is poised to cash in on that exciting expansion, and as the sixth most visited site in China, it is no doubt in a good position to do so.



To: jjs64 who wrote (60)11/22/1999 9:21:00 PM
From: Peter Y. Hsing  Read Replies (1) | Respond to of 70
 
jjs64: You have no idea what you're talking about--do some research first. Have you read that China has 1 billion POOR PEOPLE or is this entirely your own unsubstantiated view? Have you been to China recently (or ever)?

I follow the telecom, media, and technology sectors in Asia and for many companies, China is the end game in Asia (ex-Japan). I will grant you that, currently, the per capita income in China is far lower than in most other developed countries, but to paint one billion people as "poor" is a show of how ignorant many Westerners can be. In fact, China represents the hottest telecommunications markets in the world (from mobile phones to ISPs to VoIP, etc.).

If the potential market is of interest to an Internet company, then the physical portal to back is the TV. TV household penetration is nearly 100% (nationwide), while PC household penetration is only ~1% (but rising). That means the TV has the potential to reach over 330MM households.

If you use a back-of-the-envelope calc that 30% of the cost of the average cheap computer comprises of the monitor, then, hey, you just made Internet access that much more affordable if you use their existing TV set. Choose a low-end processor, burn some basic apps into ROM and throw in a bit of RAM and a hard drive--the "computer"/internet access device (really a TV set-top box) becomes even more affordable. This is what MyWeb is doing, Microsoft is doing (Venus project), and Pacific Convergence is doing (backed by Richard Li--you probably have never heard of this extremely successful businessman. He sold his media company, StarTV, to Murdoch for over US$1bn a few years back). Are you implying that these heavy hitters don't know what they're doing?

I've already toned down my original reply and tried to make it a bit more constructive and enlightening, but I simply cannot accept such ignorant remarks. I'm a graduate of C.U. and would advise that you do your homework. Just please tell me that you're not an East Asian studies major.

N.B. I do not own any MYWB and do not have a view as to whether MYWB is a good investment or otherwise.