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Biotech / Medical : CHDX--US China Industrial Exchange -- Ignore unavailable to you. Want to Upgrade?

To: Bill Bishop who wrote (42)	5/16/1998 1:50:00 PM
From: WWS	Respond to of 77

Bill, in the WSJ article Ms. Lipson called the child health niche in China a "no brainer", because of the powerful infatuation of the Chinese people for western-style medicine for their children. From personal experience I've discovered the hard way that a "gimme" can easily become a "gotcha", due to taking too much for granted. Similar to what you stated, I too have seen companies which become so overconfident of their eventual success that they neglected to oversee on a daily basis the incremental steps needed to achieve the overall plan. I'll give them six months to prove their ability to generate business,and MAKE money, at their existing Beijing clinic. Bill.