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Microcap & Penny Stocks : GTCI - get in before the news hits -- Ignore unavailable to you. Want to Upgrade?

To: Yongzhi Yang who wrote (545)	2/13/1999 8:18:00 AM
From: Bobcat	Respond to of 1541

Well Gentlemen to make a long story short, the Company that GTCI has teamed up with (Veronex Technologies Inc) does not have the capabilities to fix Y2K problems anyway. Just a few months ago this was a penny mining company. The SEC has already come down one them once. I really think this GTCI coverage which came out on Feb 9th should be forwarded to the SEC. This appears to be a real con game advertisement that is going to hurt some people. I think I am forwarding this website to the SEC today.

To: Yongzhi Yang who wrote (545)	2/13/1999 8:23:00 AM
From: ztect	Read Replies (1) \| Respond to of 1541

Capital goes where it will get the greatest return...investment can be quickly curtailed....... And divested...maybe the name George Soros means nothing to you.... "...Let's exam [sic] your logic here. Take the example of Boeing. Let's say Boeing sells China an airplane. Some parts, more precisely, the tail section, is manufactured and assembled in China and then shipped to US (this is a JV started by MD), Boeing then make the airplane and ship it back to China and make millions dollars of profit in the deal..." First the aerospace industry is one of the few industries that the United States has a significant lead in... However, your example demonstrates a profound lack of understanding of how the global economy works...or, at least, how you missed my point that the primary reasons for investment in China are CHEAP LABOR and lack of regulations...Therefore, there is tremendous incentive to maintain the immense disparity between the few haves (in the "show" cities") and the numerous billion have nots .....and this adversely effects the ability of the masses to consume the products that they manufacture which severely undermines the growth rate of the markets...If the cost of production rises...the jobs MOVE and the money is divested...Why do you think all the manufacturing and textile jobs left the US?....The US and Japan now, for the most part, do the non-labor intensive aspects of assembly.... May I recommend several books to you....so you have a clue.... "One World Ready or Not"...by William Greider "The Work of Nations" and "The Next American Frontier" by Robert Reich and "Head to Head" by Lester Thurow Now regarding the article I reproduced...Interesting how you quickly discount significant points in the article and grab onto the few that support your point of view....Interesting fact though is that you obviously didn't obtain the remainder of the article before making your own conclusion and thus, did not read the conclusions of the article's author.... I suggest you read the balance of the article before you attempt your foolish "spin" again... Here are some choice words from the author ....... "...Since the late 1970s, China has sent 300,000 students overseas for education. Only one-third have come back. Theat exodus represents a massive vote of no confidence...." "...The question is whether the powers that be would ever lead the way would ever lead the way toward genuine political reform. 'Don't count on it,' Shambaugh warns. 'They are, after all, Leninists who approach political power in zero-sum terms.'..." [Note Shambaugh is David Shambaugh, director of China Policy Program at George Washington University] "...Dai drifted back to Chongqing, where he now earns between $35 and $45 a month (a healthy wage...)..." "...Zhu must also deal with China's self-policing one-party state, which is now rotten to the core. In November, for example, the country's two leading anti-corruption prosecutors were sacked for what else? -- corruption. Twenty years after Deng's coup, the socialist market has become a CHinese variant of crony capitalism. That's cause for alarm, not reason to celebrate." ================================ So based upon your baseless and inane arguments about China becoming a "democracy"...One may easily conclude Yang that you are nothing but a crony capitalist helping your buddies Wong and Cho scam and "fleece-the-foriegners". Fess up...Yang ...Fess up... z

To: Yongzhi Yang who wrote (545)	2/13/1999 1:50:00 PM
From: Skywatcher	Read Replies (1) \| Respond to of 1541

State Phone Monopoly Makes Using the Internet Difficult By ANTHONY KUHN, Special to The Times BEIJING--Both the Chinese government and its critics are touting the Internet as the latest tool for political discourse, with dissident Webzines and official ministry home pages vying for readers' attention in Chinese cyberspace. Yet for China's citizens, the overwhelming majority of whom live at a technological level that is decades behind the Information Age, the politics of the Net are of secondary importance. The economics are the real battlefield. The issue is whether China will allow citizens to enjoy technological progress or keep it unaffordable through the government's telephone monopoly. "I tend to think more about access," said Yuezhi Zhao, an associate professor of communications at UC San Diego. "And it is amazing that while so many people celebrate the democratic potential of the Internetin China, almost nobody cares about the infrastructure and the fact that the Internet service-provider industry in China is in great trouble." Even with the number of Internet users increasing at an annual rate of 300%, few--if any--of China's more than 200 service providers are able to turn a profit. Leasing telephone lines from China Telecom, the government's phone company, accounts for up to 80% of the costs facing service providers. By contrast, leasing phone lines accounts for about 6% of costs for Internet providers in the United States. The government has announced that, in the ext few years, it will split China Telecom into individual companies for land lines and mobile and paging services. Analysts are not sure whether the spinoff firms will relinquish their individual monopolies. Meanwhile, competition among Internet providers to offer a few value-added services to customers is fierce. The high cost of doing business is passed on to consumers. Monthly fees for online time can easily add up to $75, well above the average disposable income of $55 a month earned by urban Chinese. As a result, about 70% of young urbanites have no access to the Internet, according to a recent survey reported by the official New China News Agency. The survey found that only 3% surf the Net often and that 6% have never even heard of it. Web surfers also are discouraged by the low-quality content and graphics of most Chinese-language sites. Even worse, outdated modems and limited bandwidth make Web surfing here tortuously slow. For most of China's laboring masses, computers and the Internet provide poor returns on a big investment. "I wouldn't know what to do with a computer or how to use it," said Li Wu, a 38-year-old garment trader. "A phone and fax take care all my needs." Yet to the small minority of bureaucrats and affluent young adults working in private and foreign-backed enterprises, the Internet provides an indispensable window on the outside world. With their relatively high disposable incomes, credit cards and appetite for information, they are able to benefit from China's embryonic e-commerce. Now they can purchase airline tickets through Shanghai Online or order computers through Dell's China-based distributors. This elite group has become the prime target of China's fledgling Internet advertising sector. Motorola, Compaq, Nokia and other multinationals have become advertisers on Sohu at sohu.com a popular Chinese-language Internet portal and search engine. Sohu's creator, China Internet Technologies Chief Executive Charles Zhang, claims that his site commands 60% of the nation's $1.2-billion online advertising market. Although China's top firms spend billions of dollars for prime-time advertising seen by about 800 million television viewers, they are wary of paying for ads on the Internet, likely to be seen only by the nation's estimated 2.1 million Internet users. Yet Zhang predicted that "1999 will be the year in which Chinese firms experience what multinationals experienced in 1998." Sohu, which sounds like "search fox" in Chinese, recently changed its spelling from Sohoo to head off a potential lawsuit from the popular U.S. portal Yahoo. Copyright 1999 Los Angeles Times. All Rights eserved chris