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Technology Stocks : AsiaInfo Holdings Inc - (ASIA) -- Ignore unavailable to you. Want to Upgrade?

To: Lao Ou who wrote (66)	5/1/2000 12:21:00 AM
From: Lao Ou	Read Replies (1) \| Respond to of 115

From NYtimes 4/30 READ and BELIEVE!!! In general, companies providing the nuts and bolts of the Internet economy are the surest plays, analysts say. Among them are companies that tie disparate networks together -- so-called systems integrators -- or companies that provide the software and hardware for things like billing systems that will allow the region's e-commerce to work. "Companies providing these services have sounder business models and are likely to report profitability ahead of others in the industry," said Sohaib Umar, an Internet analyst at CLSA in Hong Kong. One of the most promising is AsiaInfo, a company based in Beijing that is building Internet backbones for Chinese telecommunications companies and providing e-mail software to Internet service providers. While many Chinese Internet companies are little more than experiments in the new economy, much of the country's export machine is scrambling to get online, creating a huge market for AsiaInfo's services. The company's stock price briefly spiked over $111 after it went public on Nasdaq March 3 at $24 a share. But the shares then went into a free fall, hitting a low of $29.125 earlier this month before rebounding. The stock closed at $43.50 on Friday. Still, AsiaInfo has most of the $138 million it raised in the share offering and, like Softbank and Pacific Century Cyberworks, is on the acquisition trail.