To: TobagoJack who wrote (230 ) 3/19/2000 11:39:00 PM From: ms.smartest.person Read Replies (1) | Respond to of 615
O.T. Jay, Please, What, if anything, do you know about this item: Termbray Industries [93] is engaged in the manufacture and marketing of printed circuit boards and the manufacture of consumer electronic products. The Company is rumoured to be a target for a back door listing by a US corporation.eng.stockhouse.com.hk Also, would like your opinion on the following excerpt from an article I posted on the PCCLF board:So when it came to Hong Kong the acquisition of Hong Kong Telecoms by Pacific Century CyberWorks was a fully new phenomenon. PCCW had not gained any experience in building up earnings at a higher rate than others, as it has no earnings, nor would have had perhaps for another two years. It had no established presence, as the public has not yet even been approached to see whether they like the product. But it was the hype, the exposure, and the media attention which had managed to be harnessed to this corporate being, and which had translated it into real money, through the inflation of its supposed reputation. In exchange it has acquired a company with real saleable assets, a broad network of telephone lines into which it can channel communication, oral and visual. In addition it managed to capture a stockpile of cash, as well as the potential for recurrent earnings. None of these had been as yet available to PCCW. This as a takeover must be a world precedent. Stirred by the gullibility of the Hong Kong investing public all the world's quick money men are now aiming for Hong Kong. The Americans are here in abundance, the Japanese have arrived and of course we have our own local talent, all looking to capture what they can of the world's speculative loot because by the audacity of this takeover all are homing in on us, to our current temporary delight. However there can be no way that this will be permanent. Hongkong.com, Tom.com, Global Vision, Softbank, Hikari Tsushin, Netalone, Acme Landis, SUNeVision are all aiming at the same target. But while Hong Kong has become the battlefield the contenders in the lists are as much as anything from the financial markets of USA, Europe, including London, Frankfurt and Switzerland, from Japan and from our other Asian neighbours. There is precious little that these companies can contribute to this society, or any other society, but they will for a short while at least bring an aura of prosperity to our Hong Kong stock market. And the basis of this greed is envy, for young Richard Li, the young David whose slingshot brought down Goliath. Message 13237583 Thanks, Merry