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.

Technology Stocks : IMOT, the Yahoo of China?? -- Ignore unavailable to you. Want to Upgrade?

To: Retired41 who wrote (540)	3/16/1999 9:32:00 PM
From: Elllk	Read Replies (1) \| Respond to of 781

Retired41: Well I did by a lottery ticket today. I am also open to the very good observations you, johnlag, Mr. Forthright and others are making and I appreciate your motivation. I did not suggest or intend to imply that IMOT, XNET, etc. are scamming the Chinese govt. Also, in contradicition to one point in your post, there is recent news that the Chinese govt is taking steps to nurture and promote internet development. Whether the news is valid or not is another question and you may be right that the govt doesn't intend to follow through on those promises. Your position on this, however, seems somewhat politically based. But I think that many things may change dramatically in China in the near future and that even the politicians may see themselves as gaining much more (of whatever they want) by helping to develop and being an important part of the development of Chinese internet. Given the vast potential for such development in China, my point was that these companies (and the Chinese govt [politicians and genreals] for that matter) stand to do a lot better (in almost everyway imaginable) by developing Chinese internet, as opposed to running a second rate scam on a relatively small number of investors at these levels of share price and these low numbers of currently extant shares. You, however, may be right (and I am sure you are right about the nature and prevalence of these scams in general throughout world markets) and a scam may be what is happening if the govt is, in fact. so afraid of losing control that they will not take a chance on what internet might open up. They certainly were not happy with the role internet played back in the Tianneman(?) Square days. But I think those in control in China are beginning to see that they have much to lose (including economic and military power) by not going along with technological development (as is most of the world) as quickly as it can be done. (Further, they need deals with high tech cos. which will help to provide more real jobs to their people otherwise they are in danger of losing control anyway.) If this is the case, the currently existing companies in these spheres, however primitive their state of development right now, are still the masters of these areas in China and have tremendously advantageous positions for being major forces in Chinese internet. To state again, the potential rewards would seem to dwarf the benefit of second rate, minor scams. (Yet, perhaps, they don't see this.) And there, also, is Bill Gates sniffing around and according to Jaknik2 report tonight Eckhard Pfeiffer, the Pres. Of Compaq, is also on the scene holding at least 30 mil in his open hand. And I do think many more of these US high tech leaders are soon to follow and, as well, I think that even the Chinese officials will overcome their fears and will get busy positioning themselves with bigger wallets open than could be filled by scams at the current IMOT or XNET level. By the way, R41, what do you have against Cleveland? Don't forget, even Steve Martin changed his mind about Cleveland. Regards Larry