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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (8333)	5/9/1999 11:42:00 PM
From: Dave Gore	Respond to of 52051

Yes, they will and remember CAOL is based out of Canada.

To: Stock Watcher who wrote (8333)	5/9/1999 11:42:00 PM
From: flickerful	Read Replies (1) \| Respond to of 52051

Asian investors catch Internet fever HONG KONG (May 9, 1999 12:21 a.m. EDT nandotimes.com) - Frenzied buying drove the stock price of a small Hong Kong telecommunications firm up 1,200 percent last week after it was taken over by the developer of a "Cyberport" to house high-tech firms here. The surge in Tricom Holdings Ltd. stock illustrates the growing Asian interest in computer- and Internet-related stock-market plays as investors catch the cyber fever from their U.S. counterparts, analysts say. "A lot of people in Asia are looking at the States and going into technology and Internet stocks," an analyst at a U.S. investment house here said. But Asia is still far behind the United States in the number of listings of pure Internet stocks, he added, saying the market could only grow as the region taps increasingly into the Internet revolution. "If you look at the list of IPOs (initial public offerings) by Internet firms in the United States, it probably numbers 50 right now. In Asia it's only a fraction of that. In the longer term, it is going to go up." Pacific Century Group, run by property tycoon Li Ka-shing's son Richard Li, last week said it had taken a controlling stake in Tricom for 2.46 billion Hong Kong dollars ($318 million U.S.). Tricom is to be renamed Pacific Century CyberWorks Ltd. and will be the sole vehicle to sign all agreements with the Hong Kong government related to the 13.7-billion Hong Kong dollar Cyberport project. "Our aim is to build on our expertise and knowledge of digital technology and new media to become a pre-eminent leader in Internet content and services such as e-commerce," Li said. Tricom's share price shot up to 1.83 HK dollars on Tuesday, its first day of trading after the takeover, after starting at 13.6 cents and hitting an intra-day high of 3.22 dollars. It fell back to 1.10 dollars by Friday. The Internet fever here started in March when the Hong Kong government announced the Cyberport project and Microsoft Corp. chief Bill Gates visited. Gates announced a partnership with Hongkong Telecom, to be known as Zoom, to help deliver a wide range of Internet services via Telecom's high-speed broad-band network. Then telecoms provider SmarTone announced an agreement with Yahoo! to provide content for the homepage of its Internet service. "The Hong Kong market has clearly caught the Internet fever that has swept the United States," U.S. investment firm Salomon Smith Barney commented in a report. Hong Kong may be at the forefront of the growing Internet fever but it is not alone. Yahoo Japan Corp., an affiliate of U.S. parent Yahoo!, rocketed 15.5 million yen, ($129,200) or 59.8 percent, to 41.4 million yen on the over-the-counter market in April. Softbank Corp., the computer publishing and software house and parent firm of Yahoo Japan, rose 2,520 yen or 18.8 percent to 15,890. "The overall market will not rise further without gains in high-technology stocks," said Tetsuya Ishijima, chief strategist at Okasan Securities. "It is a theory to buy high-growth issues such as high-technology firms when the economy is in a low-growth phase." In Singapore, positioning itself as an Asian regional high-tech hub, many companies have become market favorites because they are involved in businesses linked to the Internet. Pacific Internet Ltd., one of Singapore's Internet providers, enjoyed buoyant demand for its shares when it listed on New York's technology-heavy Nasdaq index early this year. It was the first Asian Internet service provider to be listed in the U.S. market. Last week another company, CM Telecom, announced it would buy Hong Kong Internet-related company Rich Union Ltd. Its share rose nearly 50 percent to 38.50 Singapore cents after the announcement. Technology counter Panpac Media Ltd.'s shares have jumped nearly 100 percent to 60 Singapore cents after it announced earlier this year that it would place ".com" after its name. In Bombay, some bogus companies have lured investors attracted by the software boom by simply renaming themselves and putting the word "Infotech" in the company title. Brokers say that infotech and technology stocks have such great appeal in India that small investors blindly put their money on any company that has "infotech," "computer" or "com" in their name. "Software companies such as Infosys Technologies, Satyam Computers and NIIT have rewarded their investors 10-fold," said Arjun Kapur, managing director, ARK Securities Group. "The trouble is, investors think that any infotech company will now make them millionaires. It is a bubble waiting to be burst." Copyright © 1999 Nando Media Copyright © 1999 Agence France-Press

To: Stock Watcher who wrote (8333)	5/9/1999 11:42:00 PM
From: Dave Gore	Respond to of 52051

Yes, they will and remember CAOL is headquartered in Vancouver, Canada. That mistake was awful though. PS- a post you may find interesting: To: +MakeMoney (131 ) From: +Eric Humphrey Sunday, May 9 1999 8:56PM ET Reply # of 155 From someone who has lived and worked in China for 2 1/2 years (1996-1998) and speaks fluent Chinese. While there are many human rights abuses by the Chinese Govt., the average Chinese citizen's quality of life and freedoms have increased radically since the country started opening up in 1978. Chinese people can now say what they want to say about the government(among themselves, not in a public forum). Just a few years ago they would have been afraid that their "friend" might tell a the government that they were a subversive and they would subsequently be arrested. People have more and more freedom of abode. In the recent past it was very difficult for Chinese to move from one city to another. Now it is relatively easy, and getting easier. The vast majority of the Chinese people's biggest beef with their government is not their lack of freedoms, but the rampant government corruption. Companies that do business and/or have large investments in China: Proctor and Gamble, Coca Cola, Pepsi, GM, McDonalds, Boeing, Budweiser, Amway, United Technologies, 3M, Microsoft, etc. This is only a small list of companies that I thought of off the top of my head. For people who want more news about China and Chinese Business and Internet please follow these links: cnd.org online.hkstandard.com chinesebusinessworld.com redfish.com deall.ohio-state.edu china-time.com