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.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (49764)	6/6/2000 9:23:00 AM
From: john	Read Replies (1) \| Respond to of 150070

China Telecom and HRCT news... Hartcourt Subsidiary to Participate with China Telecom In Campaign to Bring ISP Services to 10 Million New Users LOS ANGELES, June 6 /PRNewswire/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT) www.hartcourt.com today announced that its subsidiary, Sinobull.com, has agreed to become a strategic partner in China Telecom's new campaign to obtain 10 Million new ISP subscribers by the end of 2001. The goal of the China Telecom project is to establish a consumer focused web portal for its ChinaNet ISP called www.sinohome.com, with SinoBull being its primary financial data provider. A major multi-media blast with advertisements promoting www.sinohome.com and other ChinaNet ISP services will be distributed through Chinese-based newsprint, radio and television. Following the advertising strategy of AOL in the U.S. market, China Telecom intends to mail out 10 Million CD-ROMs in the next 5 months and 20 Million CD-ROMs in the following 12 months to offer a trial period of free ISP service and other promotional services to targeted households in China. The CDs will have the SinoBull logo at the right top corner of the opening page, linking users to the SinoBull.com web site. SinoBull financial software tools will be embedded into the CDs allowing consumers to gain access to real time stock quotes and research as well as the ability to perform on-line trading via the hyperlink with Sinobull.com. In addition, the SinoBull logo and highlights will be printed on the back cover of the first shipment of CDs sent out by China Telecom's 7,000 distributors. Dr. Alan Phan, Chairman & CEO of Hartcourt said, ``China Telecom, China's largest telecom provider, is today in a similar position in the Chinese market as AT&T had been in the U.S. back in the 1960s. They establish the technology trends, and dominate the Chinese market in the areas of telecommunications and the Internet. For SinoBull to be included in their marketing strategy is a great honor. If we get just 5 percent of these new subscribers to log onto SinoBull regularly, we would expect to leapfrog into the number-one position for all financial portals in Greater China. This is an achievable goal which we hope to realize by year-end 2000.'' About China Telecom: China Telecom is a state-owned company and is the number-one telephone service provider in China. Besides its exclusive land-line phone service, China Telecom is also ranked first in mobile phone subscribers via its subsidiary, China Mobile. Its Internet Service Provider, ChinaNet, has more than 80 percent share of the ISP market. About the SinoBull Group: SinoBull is a technology-driven financial services group providing retail investors and financial institutions in Greater China with access to comprehensive financial information and the ability to execute financial transactions online. SinoBull offers these services through four major channels: financial portal, online trading platform, data broadcasting and financial technology solutions. Sinobull.com Ltd. is planning to complete an Initial Public Offering later this year. About Hartcourt: The Hartcourt Companies, Inc. is a holding and development company that is building a network of Internet and telecommunication service companies in The People's Republic of China (China), including Hong Kong, in partnership with Chinese entrepreneurs as well as Chinese government-owned entities. Its mission is to become one of the leading broadband applications infrastructure providers in Asia, including the development of broadband networks and vertical market focused content for broadband and wireless applications. Detailed information on Hartcourt and its major subsidiary SinoBull, which has developed a financial services Web portal and a platform providing secure online stock trading for major brokerage firms in China may be obtained via the company's Web site, www.hartcourt.com. Forward-looking statements Certain statements in this news release may constitute ``forward looking'' statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.

To: CIMA who wrote (49764)	6/9/2000 11:11:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

LRSY our secret little shell is seeing some buying today. Maybe they're talking to someone now?

To: CIMA who wrote (49764)	6/9/2000 12:13:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

MPPP settles and on CNBC in a minute. NEW YORK (Reuters) - Online music provider MP3.com (NasdaqNM:MPPP - news) said on Friday it settled a copyright infringement suit with two of the five largest record labels that will allow the company to include the labels' songs in its Internet-based database. Time Warner Inc.'s (NYSE:TWX - news) Warner Music Group and BMG Entertainment, the music unit of Bertelsmann AG (BTGGga.D), are the first of the labels to settle the suit, brought in January. The settlements follow a U.S. District Court ruling on April 28 that MP3.com infringed on the labels' copyrights by creating a database of over 80,000 albums, which, when combined with MP3.com software, allows users to store music digitally and then access it via any computer. The service is called My.MP3.com. Financial terms of the two settlements were not disclosed, but sources familiar with the deals said each label was to get between $15 million and $25 million to settle the suit. Under the terms of the deals, MP3.com would also pay an undisclosed fee each time that label's CD is registered by a user and another fee each time a user accesses one of its songs. Neither Warner, BMG, nor MP3.com would comment on the specifics. The other three labels in the copyright infringement suit -- Sony Music Entertainment (6758.T), Seagram Co.'s (Toronto:VO.TO - news) Universal Music Group, and EMI Group Plc (EMI.L) -- are still negotiating with MP3.com. MP3.com shares rose 22 percent, or 3-3/4, to 21 in early Nasdaq trading, after touching an intraday high of 22-1/4, the highest level since March 31, though well below its high of 105 on its first trading day in July 1999. The settlement with the two labels takes an important step toward dispersing a rain cloud over the San Diego company for the short term, analysts said. But longer term, analysts expressed concern whether the company could make any money under the terms of the deal. MP3.com has said it generated no revenue from the My.MP3.com service and that it relied on advertising throughout the site for its revenue. The company is also planning a subscription service allowing users unlimited downloads from its classical music catalog for a monthly $9.99 fee. Analysts have said that the company was counting on being able to offer major label songs to increase the amount they could charge for advertising and subscriptions. Most of the other music that can be downloaded via MP3.com comes from acts that are not under contract with a major label. ``The settlement money is not the problem,'' said Kaufman Brothers analyst Nitsan Hargil. ``It removes the sword dangling above their head. They have $300 million cash on hand which should keep the company going in the near term. ``The bigger problem is that any solution will require MP3.com to pay the labels a royalty per unit copied into their database,'' he added. ``I don't see how its current subscription revenue model or an advertising model can make up for that.'' The suit is part of an anti-piracy crusade launched by the recording industry partly in response to the success of MP3 technology. The MP3 format, which has become a standard in the online music business, allows music on compact discs to be converted into computer files in small packets of data. The compression makes it easy to store and copy music onto personal computers. The My.MP3.com service lets computer users with an original copy of one of the recordings in the database register that CD. It then allows the user to listen to that album over the Internet from any computer, without having to insert the original disc. The Warner Music Group is home to such artists as Madonna, Kid Rock, and Neil Young, while BMG artists include Whitney Houston, Britney Spears, The Dave Matthews Band and many others. MP3.com was not immediately available for comment. E-mail this story - (View most popular) \| Printer-friendly format Earlier Stories Record Labels Near Settlement With MP3.com-Sources (June 7) Record Cos. Eye Copyright Settlement With MP3.com (June 7)