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Strategies & Market Trends : Greater China Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Lahcim Leinad who wrote (7164)	8/26/2010 5:18:33 AM
From: GUSTAVE JAEGER	1 Recommendation Read Replies (1) \| Respond to of 8334

Thanks for that audio link... Too bad I got a black screen with just the little caption "Video is loading..." in the midst?! I was impressed by CFO Jay Chang's English, though... He speaks perfect English. I've had more difficulties understanding CEO Leilei Wang but I'll look for another audio link where I can fast-forward or -backward. I'm pleased to see that mobile games's growth is strong enough to make up for the declining WVAS revenues (due to Chinese operators' regulation). Besides, from a stockholder's viewpoint, it's good to see KongZhong venturing abroad (in Europe, South Korea,...) even though I don't expect much growth outside China. Although KongZhong didn't deliver revenues way above expectations, it debunked all that silly talk about a Chinese slowdown: MMORPGs enjoy a strong upward trend and the only reason why WVAS declined was not because of a declining customer base but because of tightened rules (against youth addiction!). However, the real piece of good news is this: why did cofounder Nick Yang leave the board on July 6th? (Perhaps that issue has been addressed in the conference call? I have yet to listen to it from start to finish). Indeed, if KongZhong's Q2 had been disappointing then it might have made sense to put the blame on Nick Yang: as the company's cofounder and board member, Mr Yang can exert enough influence to pull the company this way or that way... Hence, Mr Yang could have been blamed for some bad strategic choices taken by the management. But that's NOT the case --KongZhong's thriving. So, why did Nick Yang step down from the board (while holding ~13% of KONG stock)? Gus