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HOSTILE TAKEOVER! I like it! lol! About time they opened their pocket books full of cash!
Just posted this a few minutes ago ---- I'm about
to divest the entire country of CHINA....not just
the STOCK !
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24668008
Well, we can write off the year here.. Don't see much of a recovery any where in a lot of dogs I own, including this one, until next year depending on earnings and progress with corporate developments..
SCI ENTERTAINMENT
The British computer games publisher has received a takeover approach from Chinese rival CDC Corporation (CHINA), the Sunday Telegraph reported.
CDC Corporation Provides Update on Share Repurchases
BEIJING & ATLANTA--(BUSINESS WIRE)--Nov. 15, 2007--CDC Corporation (NASDAQ:
http://phx.corporate-ir.net/phoenix.zhtml?c=78433&p=irol-newsArticle&ID=1078499&highlight=
JMP must be dumping shares. lol!
CAST reported yesterday.. good numbers.. stock behaved today..
FUQI just reported.. strong numbers.. after hours up nicely..
Too bad I have just a small fraction in both names compared to what is tied up in CHINA which at these prices is not a profitable position mainly due to additions in higher prices.. aargh..
COVERAGE REITERATED: CDC Corp (CHINA) reiterated by JMP Securities. Reiterated rating Mkt Outperform.
--------------------------------------------------------------------------------
Briefing.com
2:21 p.m. 11/14/2007
Even with good numbers now the market being what it is, share price is having a bit of difficulty getting out of mid 6 area.. This will be long hard slog to get back to double digit.. Hopefully they are very close to announcing concrete dates for spin offs.. But I have to say, I am not a happy camper this year..
zero/zilch/nada/nuttin' honey.
The full intent is the "mother ship" will simply
appreciate off the FAT --------- look at a 2-3
month chart (or since VMW did IPO) ======= NO THANKS!!
<disclaimer == I bought EMC on the VMW launch play....
since SOLD completely........albeit at a profit>
fwiw....posts on emc/vmw boards here on iHUB.
GLTY2. Hope your selling has the opposite affect of my buying. lol!
China men to cheap to spread any cash IMO.
G/L ~~~ I will shortly be OUT completely.
That is NOT good !!!
:(
Thanks. Not familiar with EMC and VMW. A special cash dividend from the proceeds possibly?
I asked the same question and here is the response.
no - it will be similar to what EMC and VMw are completed.
thanks
Monish Bahl | Director, Investor Relations
CDC Software | T: +1 678-259-8510
until the details are officially published.......(just like
Mother Z) ~~~ speculation is trivial:
“Our third quarter earnings announcement for CDC Corporation has been delayed due to the extensive auditor review of our Q3 results required for our planned carveout of CDC Software. As we complete that process, we are very happy to report our preliminary results from the third quarter, which in the past has been CDC Software’s seasonally weakest period.” said Eric Musser, President and CEO of CDC Software. “This is our best-ever Q3 as our growth continues at a very healthy rate, reflected in our business with new-logo customers as well as our sales of new software and services to our current customers. Through our restructuring, we are also making adjustments to generate cost savings that are expected to further enhance our current profit margins.”
So much good news..... Just gotta believe this puppy will explode one day.
Do you know if shareholders will get any of the software division shares?
From the August PR........ "Besides the software division, the company plans to spin off and list its online game business later."
CDC Delays 3Q Results Due to Review
Wednesday November 14, 9:18 am ET
CDC Delays 3rd-Quarter Results Due to Review Ahead of Software Unit's IPO, Reports Revenue
ATLANTA (AP) -- Chinese online gaming and software company CDC Corp. said Wednesday it has delayed posting its third-quarter results due to an auditor review ahead of the initial public offering of its software division.
CDC said in August it plans an IPO for CDC Software later this year.CDC Software expects third-quarter revenue $87 million and $88 million, up from $61.4 million in the year-ago quarter.
CDC also said it cut 90 jobs during the quarter, including "redundant positions related to recent acquisitions," and expects to see "substantial cost savings in future periods." The company also consolidated neighboring offices as part of the restructuring plan.
Shares rose 45 cents, or 7.1 percent, to $6.75 in premarket electronic trading.
CDC CORPORATION CL-A (NasdaqGM:CHINA)
Pre-Market: 6.60 +0.30 +4.76% as of 8:49AM ET on 11/14/07
CDC Software Expects Record Q3 2007 Revenue
--------------------------------------------------------------------------------
BusinessWire
07:30 a.m. 11/14/2007
Company Also Streamlines Operations for Improved Customer Focus, Efficiency and Cost Savings
ATLANTA & HONG KONG, Nov 14, 2007 (BUSINESS WIRE) -- CDC Software, a wholly owned subsidiary of CDC Corporation and a provider of industry-specific enterprise software applications and business services, today announced preliminary revenue results and other financial information for the third quarter of 2007.
Based on preliminary financial data, CDC Software expects total revenues for the third quarter of 2007, ended September 30, 2007, to be between US$87 million and US$88 million, which would be a record for Q3 revenues and an increase of over 40 percent from US$61.4 million in the third quarter of 2006. Software license revenues are expected to be between US$14.0 million and US$14.5 million which would be a record for Q3 software license revenues and an increase of approximately 18% to 22 percent from US$11.9 million in the third quarter of 2006.
During the third quarter, the company also completed a restructuring which included the elimination of redundant positions related to recent acquisitions, as well as a reduction in facilities expenses through the consolidation of neighboring offices. Together with headcount reductions taken at the end of the second quarter related to the Saratoga acquisition, the company has eliminated an aggregate of approximately 90 positions for which the company expects to realize substantial cost savings in future periods.
"Our third quarter earnings announcement for CDC Corporation has been delayed due to the extensive auditor review of our Q3 results required for our planned carveout of CDC Software. As we complete that process, we are very happy to report our preliminary results from the third quarter, which in the past has been CDC Software's seasonally weakest period." said Eric Musser, President and CEO of CDC Software. "This is our best-ever Q3 as our growth continues at a very healthy rate, reflected in our business with new-logo customers as well as our sales of new software and services to our current customers. Through our restructuring, we are also making adjustments to generate cost savings that are expected to further enhance our current profit margins."
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (CHINA), please visit www.cdccorporation.net .
About CDC Software
CDC Software, The Customer-Driven Company(TM), is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software's product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), IMI warehouse management and order management, Pivotal CRM and Saratoga CRM (customer relationship management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources) and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation and is ranked number 12 on the Manufacturing Business Technology 2006 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com .
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected revenues, expected cost savings from restructurings and headcount reductions, expected effects on profit margins, and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including the following: (a) the ability to realize strategic objectives by taking advantage of market opportunities in targeted geographic markets; (b) the ability to make changes in business strategy, development plans and product offerings to respond to the needs of current, new and potential customers, suppliers and strategic partners; (c) the effects of restructurings and rationalization of operations; (d) the ability to address technological changes and developments including the development and enhancement of products; (e) the entry of new competitors and their technological advances; (f) the need to develop, integrate and deploy enterprise software applications to meet customer's requirements; (g) the possibility of development or deployment difficulties or delays; (h) the dependence on customer satisfaction with the company's software products and services; (i) continued commitment to the deployment of the enterprise software solutions; (j) risks involved in developing software solutions and integrating them with third-party software and services; (k) the continued ability of the company's enterprise software solutions to address client-specific requirements; (l) demand for and market acceptance of new and existing enterprise software and services and the positioning of the company's solutions; and (m) the ability of staff to operate the enterprise software and extract and utilize information from the company's enterprise software solutions. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
CDC Corporation Investor Relations: Monish Bahl, 678-259 8510 MonishBahl@cdcsoftware.com or CDC Software Media Relations: Scot McLeod, 770-351-9600 ScotMcLeod@cdcsoftware.com
Copyright Business Wire 2007
next oppor. ---- and, not sure when that will
be.........I'm OUT !!!
:-{
Not behaving well at all even considering the markets in general.. One lousy and long year.. lol..
CDC Games Achieves Major Success in Shutdown of Illegal Pirate Server Operator
--------------------------------------------------------------------------------
BusinessWire
07:30 a.m. 11/12/2007
Largest Pirate Sever Operator of Yulgang Shut Down, Equipment Confiscated and Suspect Arrested
BEIJING, Nov 12, 2007 (BUSINESS WIRE) -- CDC Games, a business unit of CDC Corporation and pioneer of the "free-to-play, pay for merchandise" model for online games in China, today announced it has helped the Chinese Government and local police successfully shut down what it believes is the largest pirate server group that was illegally operating CDC's popular online game, Yulgang. This success was achieved through the extensive anti-piracy efforts of the Online Games Alliance Against Piracy (OGAAP), founded by CDC Games in September.
CDC Games and the OGAAP anti-piracy team pinpointed Yulgang's largest pirate server group in China, located in Hefei City, the provincial capital of the Anhui province. Working closely with attorneys and carefully gathering evidence, the team was able to provide the local police with sufficient information needed to successfully shut down the illegal operation, confiscate all the equipment including 13 pirate servers, and arrest one of the suspects.
This is the third piracy case pursued by the company that has resulted in arrests. As previously reported, the Optic business unit of CDC Games helped the China government convict two operators of "piracy for profit" of one of its online fantasy games called MIR III. Those two landmark cases are among the first of their kind in China and each resulted in criminal convictions.
"We are very pleased to eliminate the largest of the pirate servers that have been illegally stealing our business in China," said Xiaowei Chen, Ph.D., president of CDC Games. "When we first saw the slowdown in Yulgang in July, we knew we needed to act quickly and decisively. With the progress we've made in the last three months, we now believe that less than ten percent of the Yulgang pirate servers remain. And, since we eliminated the largest of these illegal operations, we've already seen an improvement in all key operating metrics, including average daily revenues, for our flagship game. We will continue working hard to eliminate the remaining pirate servers of Yulgang."
Chen added, "This was also our call to action to take a leadership role in the industry and found OGAAP. With the success we have demonstrated so far and the support of other entertainment companies and government agencies, we are taking a significant, proactive step in our fight against piracy and we expect to have a very positive effect on the growth and stability of our games, and the industry overall."
OGAAP was founded in September 2007 by CDC Games and several other leading game developers to lead a cross industry and government campaigns to combat piracy. Since its founding, OGAAP has received strong endorsements and support from Chinese governmental agencies regulating the online gaming industry, as well as enthusiastic interest and participation of gaming and entertainment companies worldwide. The organization is now in discussions with a number of international organizations, including U.S. organizations, on how to best protect intellectual property rights for the online gaming and digital entertainment industries. Despite its short operating history, OGAAP has demonstrated significant success in rallying stakeholders and assisting government agencies in a unified fight against piracy, resulting in the recent crack down on private servers in China.
Chen concluded, "Piracy costs the global entertainment industry billions of dollars in lost revenues every year, and this problem has been particularly rampant in the booming China market. However, we are confident that through the continuing efforts of OGAAP and other organizations, we will be able to foster a more prosperous online games and entertainment environment in China."
About CDC Games
CDC Games is one of the market leaders of online and mobile games in China with over 100 million registered users. The company's hit title Yulgang was among the first "free-to-play, pay-for-merchandise" online games in China and has received the "Top 10 Most Popular Games" award from the China Game Industry Annual Conference (CGIAC) for two consecutive years, in 2005, 2006 and 2007. Currently, CDC Games offers six popular MMO online games in China that includes: Yulgang, Shaiya, Special Force, Mir III, Shine and Eve Online. In March 2007, the company announced the formation of CDC Games Studio to establish strategic relationships with selected games development partners to accelerate the development of new, original online games for China and other targeted global geographies. CDC Games anticipates being able to deploy up to $100 million for CDC Games Studio investments through contributions from CDC affiliated companies, external partners and its internal resources. In August 2007, CDC Games formed a new subsidiary called CDC Games International (CGI) and CDC Games USA to launch new games internationally and to position CDC Games as a global publisher of online games. For more information on CDC Games, visit: www.cdcgames.net
About OGAAP
The Online Games Alliance Against Piracy (OGAAP) is a non-profit organization founded by CDC Games and other leading online games developers, with sponsorship from the China Government, to fight the piracy of online games in China. The goals of OGAAP are to establish a platform for industry participants and stakeholders to exchange ideas and share experiences; conduct market and technology research; propose industry-wide policies and practices; lobby relevant government bodies and lawmakers to enact anti-piracy legislation; actively promote public awareness of copyrighted online game usage, educate online game players about copyrighted content and vigorously pursue the continued shutdown of pirated online games as well as the arrest and conviction of their operators.
Founding members of the OGAAP alliance include CDC Games; CCP, the Iceland-based developer of EVE Online; Ons On Soft Co. Ltd., the Korea-based developer of Shine; Sonokong Co. Ltd., the Korea-based developer of Shaiya and Come on Baby; T3 entertainment, the Korea-based developer of Audition online game; and Wemade Entertainment, the Korea-based developer of Legend of Mir II and MIR III online games.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (CHINA), please visit www.cdccorporation.net
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the actions of the Chinese regulatory authorities, the ability of continue to shut down pirate servers in the future, the ability to attract other companies and governmental authorities to OGGAP, the ability of OGGAP to combat piracy and other statements that are not historical, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including the following: (a) the uncertainty of anti-piracy crack down; (b) the continued popularity of Yulgang; (c) the uncertainty of the actions of the Chinese regulatory authorities; (d) the success of OGGAP in attracting new members; and, (e) the success of OGGAP in combating piracy. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
CDC Corporation Investor Relations: Monish Bahl, 678-259-8510 mbahl@cdcsoftware.com or CDC Software Media Relations: Scot McLeod, 678-259-8625 scotmcleod@cdcsoftware.com
Copyright Business Wire 2007
COVERAGE REITERATED: CDC Corp (CHINA) reiterated by BMO Capital Markets. Reiterated rating Market Perform.
--------------------------------------------------------------------------------
Briefing.com
09:42 a.m. 11/09/2007
patience is very thin, further elevated by the overall
SUCKY market conditions..........and highly elevated
by (currently) listening to more of Bernanke's propaganda!!
2008 is telling year for CHINA ---- come Jan. it
may be time to unwind my entire holdings here....
'nuf is 'nuf, 'eh !!
:-{
CHINA is almost at 52 week low of last year.. Any case, I should have my head examined since I added some at 6.46 .. Chart sucks obviously.. Under what ever MA you want to look at..
We are due news on lawsuites any day since last news on it was they were talking and trying to solve the impasse and we are due some news on the split unless buggers have changed their mind about splitting the company altogether..
CHINA ~~~ the PR king !!
Press Release Source: CDC Software
CDC Software Customer Improves Manufacturing Performance with CDC Factory and Wins Ventana Research 2007 Performance Management Leadership Award
Thursday November 8, 7:30 am ET
Berner Foods Wins Award for Achieving Increased Revenue, Throughput and Efficiency Using CDC Factory
ATLANTA & HONG KONG--(BUSINESS WIRE)--CDC Software, a wholly owned subsidiary of CDC Corporation and a provider of industry-specific enterprise software applications and business services, announced today that its customer, Berner Foods has won a Ventana Research 2007 Performance Management Leadership Award based on measured performance improvements in manufacturing achieved with CDC Factory, the first packaged manufacturing operations management solution that integrates finite factory scheduling, manufacturing execution systems (MES), real-time performance management, quality, maintenance and analytics. Berner Foods, a leading supplier of quality food products including natural cheese, specialty performance cheese, processed cheese and soy beverages, won in the Technology Leadership Award – Operational Intelligence category.
Approaching full capacity and with an ambitious five year growth plan, Berner Foods wanted to improve throughput efficiencies and reduce performance variances - cutting changeover times, unplanned downtime and minor stoppages, as well as reducing re-work and waste. However, with no efficient or reliable system for collecting data, Berner was unable to identify the specific areas for performance opportunities. Berner fully implemented CDC Factory in less than 10 weeks and immediately identified the potential for a 20 percent improvement, or the equivalent to four million jars of its products.
“The CDC Factory applications helped us immediately identify bottlenecks within some of our processes,” said Gary Gold, vice president, Berner Foods. “Thus, we were able to analyze the data in CDC Factory and put fixes in place. We got an immediate return of potential capacity of 50 percent and increased OEE by 40 percent, With CDC Factory, it allowed the operators to make real time process adjustments in a pro-active rather than re-active state. Using CDC Factory, we are able to inform our Sales Department of capacity potential by product in order to take on new customers, adding millions of dollars to our revenues.”
“Ventana Research is proud to honor such a forward thinking company as Berner Foods with our Performance Management Leadership Award,” said Mark Smith, CEO and executive vice president of Research, Ventana Research. “The winners were chosen by an expert research team of Ventana Research, by scoring the submissions based on overall best practices plus alignment of people, process, information and technology and business impact. The winners were those organizations that have demonstrated these to the highest degree, such as Berner Foods.”
“We are delighted with this recognition for our client Berner Foods, who has demonstrated how CDC Factory can be used to deliver real and tangible benefits to a food manufacturer and make a direct and immediate impact to the bottom line,” said Eric Musser, president and CEO of CDC Software.
About CDC Factory
CDC Factory is the first packaged manufacturing operations management system that transforms manufacturing performance by empowering people to make real-time actionable decisions. By standardizing the best practices of lean manufacturing, OEE (Overall Equipment Effectiveness) and continuous improvement, CDC Factory provides a real-time framework that integrates scheduling, operations, quality and maintenance. Specifically designed for food and beverage, pharmaceutical packaging and consumer packaged goods manufacturers, CDC Factory enables real-time decision making to support a demand-driven strategy at all levels in the organization, from factory floor operators to executive management. Leading manufacturers are using CDC Factory to reduce operating costs and waste, unlock hidden capacity, improve customer service and employee satisfaction, while minimizing risk by assuring regulatory compliance. For more information, visit: www.cdcfactory.com.
About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), IMI (warehouse management and order management), Pivotal CRM and Saratoga CRM (customer relationship management), MarketFirst (marketing automation and lead management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources) and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation and is ranked number 12 on the Manufacturing Business Technology 2007 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA - News), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements relating to CDC Factory, increasing throughput, increasing overall equipment effectiveness, and increasing efficiency and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements including, among others: the conditions of the process manufacturing industry; the continued ability of CDC Factory solutions to address industry-specific requirements of companies in the process manufacturing industry; demand for and market acceptance of new and existing CDC Factory solutions; development of new functionalities which would allow process manufacturers to compete more effectively and changes in the type of information required to compete in the process manufacturing industry. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
Contact:
CDC Software
Investor Relations:
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
Articulate Communications Inc.
Media Relations:
Kate Corcoran, 212-255-0080, ext. 18
kcorcoran@articulatepr.com
--------------------------------------------------------------------------------
Source: CDC Software
GLTY !!!!
(fwiw) over past couple of days opened
positions in:
FNI (re-entry third or fourth time)
NED
CEUA
<all China....'cept FNI which is China/India ETF>
In FWIW column, of late, I have taken positions in CAST and FUQI (recent IPO at 9) .. chinese companies and both at higher prices from where they are trading today..
WebBroker Select Company News Alert
========================
China.com Signs Advertising Contract with China's Leading Online Games Developer
bwire
BEIJING (Business Wire) -- China.com, a leading Internet services provider in China and a Hong Kong listed subsidiary of CDC Corporation (NASDAQ:CHINA), announced today it has signed an advertising contract with Giant Interactive Group Inc. (NYSE: GA), one of the leading online games developers and operators in China. The advertising campaign for Giant will run on China.com's newly enhanced game channel.
http://game.china.com/.
Designed as a comprehensive game portal and an interactive gaming platform, the China.com Game Channel serves as an effective bridge between game operators and game players. It provides game players with detailed information about popular multiplayer online games and enables them to form game communities. The game channel also provides operators with a platform to advertise their MMO (Massively Multiplayer Online) games to millions of game players in China and allows domestic and overseas game operators to launch their browser-based games.
"We are pleased to add Giant to our growing list of prestigious clients advertising with our portal," said Donglei Fang, COO of china.com Inc. "As more and more game operators compete for players, they are expected to increase their online advertising spending significantly. China.com's unique combination of comprehensive gaming information and an interactive gaming platform provides an ideal choice for game advertisers and operators. We are confident our game channel will become a very popular online destination."
About Giant Interactive Group, Inc.
Giant Interactive Group, Inc. is one of China's leading online game developers and operators in terms of revenues. The company
focuses on massively multiplayer online, or MMO, games that are played through networked game servers in which tens of thousands of players are able to simultaneously connect and interact. Its online game ZT Online was the most popular online game in China in 2006, according to a report published by International Data Corporation (IDC), a leading market research firm.
About China.com Inc.
China.com is a leading operator of Internet portals, serving a broad range of audiences in China. In 2006, it was chosen as the first company to host Google's Video Adsense which serves video ads targeted at China's English-speaking audience. china.com also was appointed by the Jilin government as the exclusive web sponsor of the 2007 Asian Winter Games. China.com was listed on the GEM of the Stock Exchange of Hong Kong limited on March 9, 2000. In December 2000, China.com Inc.
was admitted as a constituent stock of the Hang Seng IT and IT
Portfolio Indices.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ:CHINA), please visit www.cdccorporation.net
Sector Glance: Chinese Web Gaming Mixed
Monday November 5, 4:30 pm ET
Chinese Web Gaming Companies Trade Mixed; Perfect World, NetEase Up Ahead of Earnings Reports
NEW YORK (AP) -- Shares of Chinese online gaming companies traded mixed Monday, with NetEase.com Inc. and Perfect World Co. Ltd. rising in advance of their third-quarter reports, which are scheduled for Wednesday and Friday, respectively.
In a note to clients Monday, Susquehanna Financial group analyst C. Ming Zhao said NetEase's third-quarter game revenue was hurt by a transition period.
He added that while usage of its games "Westward Journey Online II" and "Westward Journey Online III" declined in September, they rebounded in the fourth quarter, and its "Fantasy Westward Journey" game saw ongoing strong usage.
In a separate note, Zhao predicted Perfect World will beat his third-quarter estimates because of ongoing growth in its game portfolio. The analyst holds an estimate of 17 cents per share in earnings on $20.1 million in revenue for the company's quarter.
Zhao also predicted Perfect World will have a strong fourth quarter, even if it doesn't log any revenue from new games.
Here's how the key Chinese online gaming companies fared in trading Thursday:
Perfect World Co. American depositary Shares rose 53 cents to $31.58.
NetEase.com Inc., ADS gained 25 cents to $23.15.
The9 Ltd., ADS rose 34 cents to $33.44.
Shanda Interactive Entertainment Ltd., ADS fell 49 cents to $38.97.
CDC Corp., shed 10 cents to $7.04.
Press Release Source: CDC Games
CDC Games Provides Update on Key Performance Metrics for October
Monday November 5, 7:31 am ET
Special Force, Launched in China in June 2007, Continues Strong Growth
BEIJING--(BUSINESS WIRE)--CDC Games, a business unit of CDC Corporation and pioneer of the “free-to-play, pay for merchandise” model for online games in China, today announced key performance metrics for certain of its commercially available games in China.
Special Force, launched in June 2007 as the first free-to-play, pay for merchandise FPS (first person shooter) game in China, continued to show steady growth in all key categories during October. Compared to September 2007, key metrics for October 2007 were:
Revenue growth of 37 percent,
Growth in total registered users of 34 percent, now totaling more than 7.7 million,
Growth in peak concurrent users (PCU) of 23 percent, and
Growth in average concurrent users (ACU) of 27 percent.
Average concurrent users across all the games in the CDC Games portfolio grew by approximately 12 percent to more than 200,000 in October 2007 compared to the month prior. Total registered users across the CDC Games portfolio now exceeds 119 million players.
In addition to the strong growth of one of the company’s newest games, Yulgang, one of China’s most popular online games, now in its third year of commercial availability, posted steady growth figures for October as well. Average daily revenue grew by 2 percent compared to the prior month. PCU grew by 10 percent and ACU grew 20 percent. The return to improving performance metrics for Yulgang is attributed to the release of the v180 version of the game in August 2007, and the company’s active efforts to shut down pirate servers hosting the game. Working in conjunction with the Chinese government authorities, law enforcement agencies, as well as Internet operators, CDC Games believes that two-thirds of the pirate servers were successfully shut down during August and September. During October, the shutdown of pirate servers continued and CDC Games now believes that less than 10 percent of the pirate servers remain active. The company continues its efforts to eliminate the Pirate servers, including its leadership of the OGAAP (Online Games Alliance Against Piracy) initiative which has received strong endorsements and support from Chinese governmental agencies regulating the online gaming industry, as well as enthusiastic interest and participation of gaming and entertainment companies worldwide.
“We are very happy to see Special Force growing so well and gaining momentum after just four months since we launched the game,” said Xiaowei Chen, Ph.D., president of CDC Games. This early momentum and the establishment of a loyal base of players is critical to the long-term success of any free-to-play game. We are also happy to see the return to growth for Yulgang. The daily average revenue for Yulgang during the first four days of November is up more than 50% compared to the daily average for the prior month. Clearly our efforts to combat pirate servers are having a positive effect. We will continue to shut down pirate servers, and although recovery will take time, the trend is encouraging. Additionally, we are making good progress in our negotiations with Mgame and feel confident we can reach an amicable settlement on Yulgang with our next step scheduled for this coming Tuesday with a meeting in Hong Kong.”
About CDC Games
CDC Games is one of the market leaders of online and mobile games in China with over 100 million registered users. The company’s hit title Yulgang was among the first "free-to-play, pay-for-merchandise" online games in China and has received the "Top 10 Most Popular Games" award from the China Game Industry Annual Conference (CGIAC) for two consecutive years, in 2005 and 2006. Currently, CDC Games offers six popular MMO online games in China that includes: Yulgang, Shaiya, Special Force, Mir III, Shine and Eve Online. In March 2007, the company announced the formation of CDC Games Studio to establish strategic relationships with selected games development partners to accelerate the development of new, original online games for China and other targeted global geographies. CDC Games anticipates being able to deploy up to $100 million for CDC Games Studio investments through contributions from CDC affiliated companies, external partners and its internal resources. In August 2007, CDC Games formed a new subsidiary called CDC Games International (CGI) and CDC Games USA to launch new games internationally and to position CDC Games as a global publisher of online games. For more information on CDC Games, visit: www.cdcgames.net.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA - News), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the ability of CDC Games to increase revenues for Yulgang, successfully shut down pirate servers, improve ARPU for Yulgang, increase revenues for Special Force, increase revenue performance during Q4 2007, and other statements that are not historical, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including the following: (a) the ability to realize strategic objectives by taking advantage of market opportunities; (b) the ability to develop and market successfully first person shooter games; (c) the future growth of the online games industry in the China market; (d) the possibility of development delays; (e) the development of competing products and technology; and (f) the continued popularity and player acceptance of Yulgang and Special Force. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
Contact:
CDC Corporation
Investor Relations:
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
CDC Software
Media Relations:
Scot McLeod, 678-259-8625
scotmcleod@cdcsoftware.com
--------------------------------------------------------------------------------
Source: CDC Games
I hear you on that. One year of big disappointment.
Right.. some folks I know played GA today for a profit..
Me, I am just sulking about unfairness of life.. Here we are in what is appropriate named CHINA for god sake, the right sectors and what we have is year is about to end and these folks are still fiddling..
China's Giant Interactive soars in debut
Thu Nov 1, 2007 12:36pm EDT
By Lilla Zuill
NEW YORK (Reuters) - Shares of Giant Interactive Group Inc (GA.N: Quote, Profile, Research) rose 23 percent in their U.S. stock market debut on Thursday, continuing a stellar run of Chinese IPOs on U.S. stock exchanges in recent weeks.
The No. 3 Chinese online game maker traded on the New York Stock Exchange a day after an initial public offering that raised $886 million.
The company's American Depositary Shares opened at $18.25, up 17.7 percent, and rose to $19.30 shortly after midday.
On Wednesday, the offering of 57.2 million ADS priced at $15.50 apiece, above a forecast range of $12 to $14, the 21st Chinese listing in the United States so far this year, and the most lucrative so far.
Giant Interactive's gain was in contrast to the wider market, with both the S&P 500 Index (.SPX: Quote, Profile, Research) and the Dow Jones Industrial Average (.DJI: Quote, Profile, Research) down by more than 1.5 percent, on news that Citigroup's subprime mortgage crisis may not yet be over.
"Even with a very treacherous market (Global Interactive) is still trading up," said Scott Sweet, managing director of research firm IPOboutique.com.
HOT SECTOR
Chinese-U.S. listings went on a tear in October, as investors lined up to invest in firms with rapid growth, largely as a result of China's burgeoning middle class. Longtop Financial (LTF.N: Quote, Profile, Research), China Digital TV (STV.N: Quote, Profile, Research), CNinsure (CISG.O: Quote, Profile, Research), Noah Education Holdings (NED.N: Quote, Profile, Research) and Fuqi International (FUQI.O: Quote, Profile, Research) all saw double-digit percentage gains in first-day trading.
Giant Interactive Chief Financial Officer Eric He told Reuters the company chose to list its ADS on the NYSE because it means greater clout than listing on any other exchange in Asia, Europe or the United States, and is a means to tap capital markets to help fund its aggressive growth plans.
"By being on NYSE we have access to the largest pool of capital and the highest standards of corporate governance," he said.
Three Giant Interactive rivals -- Shanda Interactive (SNDA.O: Quote, Profile, Research), and NetEase (NTES.O: Quote, Profile, Research), which have had greater market share than Giant Interactive, and No. 4 The9 Ltd (NCTY.O: Quote, Profile, Research) -- are listed on Nasdaq.
The company, a relative latecomer to China's fast-growing online game market, has carved itself a leading position by rolling out highly popular offerings, including ZT Online, the most popular online game in China in 2006, according to International Data Corp.
The company plans to use its IPO proceeds for general corporate purposes and acquisitions, according to a filing with the U.S. Securities and Exchange Commission. He said it already has acquisitions in its sights, but declined to elaborate.
Giant's revenue rose ninefold in the first six months of the year to 687.4 million yuan ($92 million), while its net income surged nearly twelvefold to 512.3 million yuan.
"Giant Interactive is putting up outstanding numbers in a short time," said Sweet, adding that Giant's distribution system gives it an upper hand.
"It manufactures and distributes its own games, therefore avoiding royalties which is in direct contrast to its (competitors) in both China and abroad."
Several more online games are in the wings for commercial launch, Giant said, including one being rolled out now -- Giant Online.
The games are designed for a Chinese audience aged 18 and older.
China is the world's second-largest Internet market by users, after the United States, with more than 160 million Web users at the end of June, according to the China Internet Network Information Center, a government-backed agency that licenses online domain names.
Underwriters led by Merrill Lynch (MER.N: Quote, Profile, Research) and UBS (UBS.N: Quote, Profile, Research) (UBSN.VX: Quote, Profile, Research) have an option to purchase an additional 8.6 million ADSs to cover overallotments.
Press Release Source: CDC Software
CDC Software Introduces New Marketing Automation Solution to Measure Marketing Campaign Effectiveness
Wednesday October 31, 7:30 am ET
CDC MarketFirst GeoAnalytics Allows Marketers to View and Analyze Data to Execute More Targeted Marketing Campaigns
HONG KONG & ATLANTA--(BUSINESS WIRE)--CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA - News) and a provider of industry-specific enterprise software applications and business services, announced today the launch of CDC MarketFirst GeoAnalytics, a set of analytical tools that help marketers better understand their customers and prospects and achieve higher response rates from their e-marketing campaigns.
Developed in partnership with Linxoft Solutions, CDC MarketFirst GeoAnalytics uses a geographic information system (GIS) to display data from the CDC MarketFirst database on a map. This visual representation displays information geographically, making it easier to profile customers and prospects. It can visually answer questions related to location, proximity, conditions, trends, and patterns. Marketers can then use this data to plan more effective campaigns in CDC MarketFirst and target them to segments they want to reach.
CDC MarketFirst GeoAnalytics leverages CDC MarketFirst data, enabling marketers to quickly realize the tangible benefits of visualization and spatial analysis of business activities by drilling down into source data on the interactive map. The patterns revealed from this visual analysis help lead marketers to increased cross-sell and up-sell opportunities.
CDC MarketFirst GeoAnalytics allows marketers to evaluate customers and prospects using a variety of demographic points, including: age, population, income, neighborhood, sites or properties, revenue, number of employees, and industry and then plot these data points on a virtual GIS map. CDC MarketFirst is then used to focus marketing campaigns on the regions that provide the biggest return.
“Our MarketFirst applications for multi-channel marketing automation are delivering significant, measured benefits for many household name companies,” said Eric Musser, president and CEO of CDC Software. “Using MarketFirst GeoAnalytics, our customers will be able to answer all sorts of difficult questions as they are now able to visualize the geographical implications of their campaigns. Intuitively they can see where to hold seminars, where to place reps, and how different regions are responding to different offers. More importantly, when this ability is coupled with MarketFirst’s multi-platform segmentation across web tracks, email responses, and profiles, marketers can personalize their message at a whole new level.”
About CDC MarketFirst
CDC MarketFirst is an adaptive marketing automation and lead management solution that enables marketers to manage even the most complex, multi-channel marketing campaigns. Using CDC MarketFirst, companies such as Sharp Electronics Manufacturing Corporation of America, CareerBuilder LLC, Softrax Corporation, ICM Computer Group Ltd. and Enterprise Florida, can utilize the visual campaign designer feature to create email/web page streams, profile customers and prospects, target each with a highly personalized and relevant message, deliver the message at the right time via the right channel, and ensure consistent and effective follow-up. CDC MarketFirst can help marketers achieve higher response rates and better lead quality with perpetually running, precisely targeted campaigns based on data captured at every point of interaction. It can also help increase lead quality and retention rates with fewer resources, improving return-on-investment (ROI). For more information on CDC MarketFirst, visit www.marketfirst.com
About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), IMI warehouse management and order management, Pivotal CRM and Saratoga CRM (customer relationship management), CDC MarketFirst (marketing automation and lead management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources) and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation and is ranked number 12 on the Manufacturing Business Technology 2007 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com.
About Linxoft Solutions
Linxoft Solutions Inc. specializes in developing innovative business solutions and integrating enterprise applications that represent total value to our customers and partners in different industries such as telecommunications, insurance, high-tech, government, and real estate. These high impact business solutions coupled with our superior professional services help improve back-office and front-office processes while reducing operational costs.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA - News), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, and includes statements relating to the ability of CDC MarketFirst GeoAnalytics to help marketers better understand their customers and prospects, achieve higher response rates for e-marketing campaigns, plan more effective campaigns, achieve increased cross-sell and up-sell opportunities and other statements which are not historical fact. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements including, among others: the conditions of that particular industry; the continued ability of CDC MarketFirst solutions to address industry-specific requirements of companies in that industry; demand for and market acceptance of new and existing CRM solutions; development of new functionalities which would allow certain companies to compete more effectively and changes in the type of information required to compete in that industry. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
Contact:
Investor Relations
CDC Corporation
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
Media Relations
Articulate Communications Inc.
Kate Corcoran, 212-255-0080 ext. 18
kcorcoran@articulatepr.com
--------------------------------------------------------------------------------
Source: CDC Software
complete agreement on all counts !!!
:-\
Looks like only thing conceivably that might help the share price here is when they announce concrete dates for split as well as when they start providing guidance at operating units level and of course it is not going to hurt if all lawsuits etc. are dismissed and they make up.. May be they should ease up on some of these wonderful news releases.. Does not hurt but I am not sure it does much for any one..
I can't believe how this year has worked out for CHINA considering what virtually every chinese tech has done this year..
Press Release Source: CDC Corporation
CDC Games President Delivers Keynote Speech on Combating Online Games Piracy at Digital Content Expo in Beijing
Tuesday October 30, 8:43 am ET
CDC Games Receives "Top 10 Internet Culture Award" from China Ministry of Culture
BEIJING--(BUSINESS WIRE)--CDC Games, a business unit of CDC Corporation and pioneer of the "free-to-play, pay for merchandise" model for online games in China, announced today it has received the “Top 10 Internet Culture Award” from the China Ministry of Culture at the 5th China International Digital Content Expo, held in Beijing, China from Oct. 25-28. CDC Games’ president, Xiaowei Chen, Ph.D., delivered a keynote speech on combating the piracy of online games and she was also selected as one of the organizing committee members for the Expo by China Ministry of Culture.
Jointly organized by eight ministries of the Chinese government, including the Ministry of Culture (MOC), Ministry of Information Industry (MII) and the General Administration of Press and Publication of China (GAPP), the China International Digital Content Exposition facilitates two-way communications between the Chinese government and Internet enterprises, providing these companies with a platform to showcase their products and services, and promote international and domestic digital content trade. The “Top 10 Internet Culture Award” was awarded to companies who have made great contributions in fostering a prosperous Internet culture in China.
The exposition, which opened in the Beijing Exhibition Center on October 25, drew Internet content developers from around the world. In addition to exhibits and demonstrations, a series of forums attended by Chinese government officials, business leaders and scholars were also held during the exhibition. Chen delivered a keynote speech on combating online game piracy and fostering a growing and prosperous Internet culture in China, including CDC Games’ OGAAP (Online Games Alliance Against Piracy) initiative which has received strong endorsements and support from Chinese governmental agencies regulating the online gaming industry, as well as enthusiastic interest and participation of gaming and entertainment companies worldwide. Chen also elaborated on CDC Games’ hybrid business model of sourcing games which includes the licensing of games from independent developers, games developed by companies in the CDC Games Studio program, as well as IP localized and self-developed games.
"At the end of June 2007, China had 162 million Internet users including 122 million with broadband access,” said Xiaowei Chen, Ph.D., president of CDC Games. "This second largest and rapidly growing Internet population provides us with an enormous growth potential. However, without a healthy Internet culture, stakeholders of this industry will continue to see their interests encroached upon by pirates. We encourage industry participants to join us in a united front against piracy.”
About CDC Games
CDC Games is one of the market leaders of online and mobile games in China with more than 100 million registered users. The company's hit title Yulgang was among the first "free-to-play, pay-for-merchandise" online games in China and has received the "Top 10 Most Popular Games" award from the China Game Industry Annual Conference (CGIAC) for three consecutive years, in 2005, 2006 and 2007. Currently, CDC Games offers six popular MMO online games in China that includes: Yulgang, Shaiya, Special Force, Mir III, Shine and Eve Online. In March 2007, the company announced the formation of CDC Games Studio to establish strategic relationships with selected games development partners to accelerate the development of new, original online games for China and other targeted global geographies. CDC Games anticipates being able to deploy up to $100 million for CDC Games Studio investments through contributions from CDC affiliated companies, external partners and its internal resources. In August 2007, CDC Games formed a new subsidiary called CDC Games International (CGI) and CDC Games USA to launch new games internationally and to position CDC Games as a global publisher of online games. For more information on CDC Games, visit: www.cdcgames.net.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA - News), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the growth of the Internet, CDC’s expertise in the Internet and the OGAAP initiative, and other statements that are not historical fact but are based on assmptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
Contact:
CDC Corporation
Investor Relations
Monish Bahl
678-259-8510
mbahl@cdcsoftware.com
or
CDC Software
Media Relations
Scot McLeod
678-259-8625
scotmcleod@cdcsoftware.com
--------------------------------------------------------------------------------
Source: CDC Corporation
Cool. Just hope the outcome is favorable for us........
Right.. Better then spending money on lawsuit that has to be settled at some point anyways..
7:31AM CDC Corp and Mgame agree to negotiate to resolve differences over Yulgang (CHINA) 7.09 : CDC Games, a business unit of CHINA, announces that it's CEO, Peter Yip, met with Mgame's CEO, Mr. Yi-Hyung Kweon, in Seoul, Korea today to discuss their differences over the operation of the online game, Yulgang, by CDC Games in China. The parties agreed to work together to find a mutually satisfactory result and signed an agreement to agree to negotiate in good faith over the next several weeks to resolve all differences between the parties and reach an amicable solution.
this is "good"........I think?!!?!?
=================================================
Press Release Source: CDC Games
CDC Games and Mgame Agree to Negotiate to Resolve Differences over Yulgang
Monday October 29, 7:30 am ET
BEIJING--(BUSINESS WIRE)--CDC Games, a business unit of CDC Corporation and pioneer of the “free-to-play, pay for merchandise” model for online games in China, today announced that it’s CEO, Peter Yip, met with Mgame's CEO, Mr. Yi-Hyung Kweon, in Seoul, Korea today to discuss their differences over the operation of the online game, Yulgang, by CDC Games in China. The parties agreed to work together to find a mutually satisfactory result and signed an agreement to agree to negotiate in good faith over the next several weeks to resolve all differences between the parties and reach an amicable solution.
“We are happy that the parties have agreed to negotiate and we are confident that we can reach a win-win solution for all in the near future,” said Xiaowei Chen, Ph.D., president of CDC Games. “In the interim, we will continue to strongly support the game in China and the game has shown a robust recovery with average daily revenues over the past week-end exceeding 163 percent of the average daily revenues for the previous three months.”
About CDC Games
CDC Games is one of the market leaders of online and mobile games in China with more than 100 million registered users. The company’s hit title Yulgang was among the first "free-to-play, pay-for-merchandise" online games in China and has received the "Top 10 Most Popular Games" award from the China Game Industry Annual Conference (CGIAC) for three consecutive years, in 2005, 2006 and 2007. Currently, CDC Games offers six popular MMO online games in China that includes: Yulgang, Shaiya, Special Force, Mir III, Shine and Eve Online. In March 2007, the company announced the formation of CDC Games Studio to establish strategic relationships with selected games development partners to accelerate the development of new, original online games for China and other targeted global geographies. CDC Games anticipates being able to deploy up to $100 million for CDC Games Studio investments through contributions from CDC affiliated companies, external partners and its internal resources. In August 2007, CDC Games formed a new subsidiary called CDC Games International (CGI) and CDC Games USA to launch new games internationally and to position CDC Games as a global publisher of online games. For more information on CDC Games, visit: www.cdcgames.net.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA - News), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding future negotiations with Mgame, possibility of resolving the dispute with Mgame, the ability of continue to operate Yulgang in the future and other statements that are not historical, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including the following: (a) the uncertainty of negotiations; (b) the ability of CDC Games and Mgame to come to a resolution satisfactory and beneficial to CDC Games; (c) the continued popularity of Yulgang; (d) adequate resources and technical support for Yulgang going forward. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
Contact:
CDC Corporation
Investor Relations
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
CDC Software
Media Relations
Scot McLeod, 678-259-8625
scotmcleod@cdcsoftware.com
--------------------------------------------------------------------------------
Source: CDC Games
LOL! Not sure if this was posted a few weeks ago.........
CDC Corporation Ranked Number 5 Among the 50 Fastest Growing Technology Companies in Georgia
Deloitte and Touche Lists CDC Corporation on its “Georgia Technology Fast 50”
HONG KONG, ATLANTA –Oct. 09, 2007 — CDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, announced today that it was ranked as number 5 in “Georgia Technology Fast 50,” a list of the fastest growing technology, media, telecommunications, and life sciences companies in Georgia as recognized by Deloitte & Touche LLP. The “Georgia Technology Fast 50” is an annual award program that ranks technology companies located in Georgia based on revenue growth. CDC Corporation, with North American headquarters in Atlanta, Georgia, was included on this high-profile local list for the first time.
According to Deloitte & Touche, winners are selected based on percentage revenue growth over a five year period from 2002 to 2006. CDC Corporation’s 2006 revenues were $309.5 million, a 603 percent increase from revenue of $44 million in 2002. To qualify for the Technology Fast 50, companies must have reported operating revenues of at least $50,000 in 2002 and $5 million in 2006, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology.
“As a China-based technology company with North American headquarters in Atlanta, we are honored to be ranked as number 5 among the prestigious list of the 50 fastest growing technology companies,” said Peter Yip, CEO, CDC Corporation. “Our growth strategy is focused on the global growth of our enterprise software business, combined with an intense focus on the growth of both our enterprise software and new media businesses in China, the world’s fastest growing economy, Clearly, our execution of this strategy is working and enabling us to deliver more value to our shareholders.”
“Deloitte’s Georgia’s Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Guy Budinscak, office managing partner of Deloitte’s Atlanta/Birmingham practice. “We applaud the successes of CDC Corporation and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA), please visit www.cdccorporation.net.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
Cautionary Note Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements relating to the expected growth of the company, future development of enterprise software on a global scale, and growth in CDC Corporation’s business in targeted geographic markets. These statements are based on management’s current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including among others: the continued ability to grow the Enterprise Software business on a global scale; the continued ability to grow the Enterprise Software business in China; the continued ability to grow the New Media business in China; and the continued ability to create additional shareholder value. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
Yahoo! doesn't tell us a lot!
CHINA
==============
Balance Sheet
Total Cash (mrq): N/A
Total Cash Per Share (mrq): N/A
Total Debt (mrq): N/A
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): N/A
Book Value Per Share (mrq): 0
HRCT has no money and almost no assets. It'll be an empty shell soon. Now CHINA..... Aren't they sitting on a MASSIVE pile of cash?
R U sure U didn't mean to put that
post on the HRCT board ???
))))))))
Can't help but think CHINA will explode some day........
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