To: Francois Goelo who wrote (246 ) 4/6/1999 9:11:00 PM From: Elllk Read Replies (2) | Respond to
For the China internets pull backs like today will be par for the course. But hold fast. For the long term this is just the start of the run. True, companies like IMOT (Intermost Corp), XNET (Xin Net Corp), ASMC (Asia Media Communications Lt.), ZSUN (Ziasun Tech Inc), GTCI (Global Telephone Communication Inc.), GCHC (Greater China Corp) are not big and highly developed companies. But as was once the case with the humble beginnings of companies like AOL and AMZN, they are amongst the biggest and most highly developed companies in their niche, that being internet or internet related companies in China. As such they find themselves to be seedlings in very fertile and expansive (Pop. 1.3 Bil) ground (Verily, dare I say unto you, they are mustard seedlings?). The government of China will, to some extent, protect and nurture them and they will also benefit from state of the art growth irrigation systems and high tech fertilization provided by many of the top US internet related companies. A caveat that has been pointed out by some of the skeptical is that China has a very primitive phone system. That is true. But when high tech developed elsewhere is being brought into another area, certain advantages can accrue. China, for instance, may very well, for the most part, leap frog the copper wire phone system that many countries are now overly dependent upon and mired in to go straight at maximizing development of much more efficient wireless and optic fiber approaches.
