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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: Gone Bonkers who wrote (2250)	11/11/1998 8:37:00 PM
From: REDDY	Read Replies (1) \| Respond to of 7209

Interesting article posted on RB LGOV thread by BAR12010 post#53.... There has been alot of speculation on the SI lgov thread that lgov is vying for some kind of internet interest and that management is currently in china. Also, someone on SI said that a shareholders meeting will be held on Dec. 7. I am not a member of SI but perhaps if someone is, they could foward this article I found on the inside china website to someone there. It would seem that lgov would have some heavyweight competition in this area, unless they had the blessings of the chinese gov't of course. Internet Execs Eye Huge Chinese Market BEIJING, Nov. 11, 1998 -- (Agence France Presse) Major global information technology industry players have gathered in Beijing this week with an eye on tapping China's vast potential market for Internet users. "I was totally seduced and overwhelmed by the scale of opportunities," said Yahoo Vice President Heather Killen, who was among several hundred delegates at the conference on the Internet and its potential in China. The conference, which opened Tuesday, has brought together representatives from the information technology industry, the financial sector and the Chinese government as well as officials from Internet content providers America Online and Netscape, and the world's largest computer chip maker Intel. China's Internet market is expected to grow from 1.2 million users to nearly 10 million in the next four years. "Internet is one of the most important engines of China's growth into the next century," said Peter Yip, vice president of China Internet Corporation (CIC), the country's main Internet portal and organizer of the conference. Yip said the Internet market in China is "still in its infancy" compared to Japan which already has 12 million users, but the Chinese market could see the strongest growth rate in Asia from now to 2002. In the first eight months of this year, the number of Internet users rose by 70 percent. The figure is expected to reach five million users by 2002 and 9.4 million in 2002, according to China's national statistics bureau. Major Internet operators at the conference announced joint-venture projects with China. America Online president Jack Davies announced an agreement with Hong Kong company Goyoyo to develop Chinese on the Internet while Yahoo, which already disseminates information in Chinese, announced an accord with Infoshare, a Chinese on-line marketing company. However, Internet development in China faces some problems. Conference participants cited the lack of computers, with only one in 240 residents possessing a personal computer. The price of a computer is equivalent to several months salary in Beijing. But with personal computer sales surpassing 3.5 million last year and forecast to reach five million this year, the situation is expected to improve. Compaq's Philip Yu raised the issue of a lack of electronic payment systems, hampering development of electronic commerce in China. Yip said he also regretted the "lack of localized content in Chinese language" which would be "timely and interesting" for the 3.0 million Chinese-language Internet users. Monique Villa, Agence France-Presse development and commercial affairs director, said one the main advantages for news agencies would be the "quality and diversity of the information we gather ... unlike some other so-called information that is dispersed across the web which is more PR material than information." AFP has already worked with CIC, a subsidiary of the Chinese official Xinhua news agency, to provide a Chinese-language Internet site for the football World Cup in June and July and has launched a similar project for the Asian Games in Bangkok next month, "http://asiangames.china.com/" CIC owns the china.com company (CCC), or China Wide Web (CWW) which provides information about China, Hong Kong and Taiwan in both Chinese and English, Xinhua said. It has four major web sites and access to users in over 200 cities and regions in China, as well as to those around the world, it added. ( (c) 1998 Agence France Presse)

To: Gone Bonkers who wrote (2250)	11/11/1998 8:41:00 PM
From: jmhollen	Respond to of 7209

There are three probable scenarios here...... A. An angry mob, akin to the Mutiny on the Bounty, repeatedly screaming three or four outstanding, unanswered questions. B. A room full of silence, mixed with mumbles and mutterings, while everyone grinds through a bunch of last minute handouts. C A room full of cheering shareholders, who received reports and news releases sometime prior to the meeting. Which group would you rather MC? :-)