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I'll let the grandkids TEST it for me
Should register and play the game.. Judge it first hand if the game is any good..
CHINA --- Press Release Source: CDC Games
CDC Games Launches First Online Game in the U.S.
Wednesday September 26, 7:30 am ET
CDC Games USA to Start Open Beta Test of Battle of Shadows on September 30
BEIJING & ATLANTA--(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 that its CDC Games USA unit will launch the open beta program on September 30 for Battle of Shadows, its first free-to-play online game to be distributed in the U.S. CDC Games USA is a unit of CDC Games' newly formed subsidiary, CDC Games International (CGI).
Battle of Shadows is the latest in several new games backed internationally by CGI. Already, CGI has sub-licensing agreements for publishing five new games with leading online games providers throughout Southeast Asia and Taiwan. In addition, CGI also has plans to publish games directly in Japan.
"We are very excited to launch our first online game in the U.S.," said Peter Yip, CEO of CDC Games. "With our recent agreements to offer five new games for southeast Asia and Taiwan, along with the launch of Battle of Shadows in the U.S. and future plans to publish games in Japan, CDC Games is positioning itself as one of the leading global online games companies with a broad and diversified international games portfolio."
Developed by Korea-based N-Log Inc., Battle of Shadows, known as "Darkness and Light" in the Asian online game markets, is a real-time strategy (RTS) and role playing game (RPG). In the team-based action game, a player can choose a character and fight enemies with weapons and magic skills. The goal of the game is to conquer the base camps of the opponents. The concept of Battle of Shadows is based on the final war between the power of darkness and light. The game features a Gothic setting with vampires, werewolves and other fantasy creatures. Some key technical features of the game include one-round matches from the RTS genre and character growth elements from the RPG genre; as well as enabling players to use the mouse only when playing so they are not forced to learn complicated keyboard-skills that are typical of RTS or massively multiplayer online (MMO) games.
"We believe Battle of Shadows will be a well-received game in the U.S. market because it combines the appeal of an easy-to-use and quick to play online game with the depth and intensity of RPG and the fun of MMO games," said Ron Williams, general manager of CDC Games USA. "In addition to Battle of Shadows, we have plans for several exciting new games for the U.S. and we expect the free-to-play model to grow rapidly in the coming years and exhibit the same potential for success that we have seen in China."
Along with the recent new games being offered in southeast Asia and Taiwan, CDC Games also offers the following commercially available games in China: Yulgang, Special Force, SHAIYA, Shine Online, Mir II and Eve. Other games planned for launch include: Lord of the Rings, Stone Age 2, ChaosGem, Come on babies, Gemfighters, Redblood, Fury and others.
Players can visit: www.battleofshadows.com to register during the open beta test program. Commercial launch of Battle of Shadows is expected by the end of the year.
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.
About CDC Games
CDC Games is one of the market leaders of online and mobile games in China with over 100 million registered users. Currently, CDC Games offers six popular MMO online games in China that include: 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. CDC Games Studio recent investments include Gorilla Banana and Mgame, the developer of Yulgang, in Korea, and Auran, the developer of "Fury," which received the "Most Surprising" award at the 2006 E3, in Australia. 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.
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 success of Battle of Shadows open beta, ability of CDC Games to market Battle of Shadows, the success of Battle of Shadows in the market, and other statements that are not historical, 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 the following: (a) the ability to realize strategic objectives by taking advantage of market opportunities in targeted geographic markets; (b) the ability to develop and market successfully RTS and RPG games; (c) the future growth of the online games industry in the US market; (d) the possibility of development delays; (e) the development of competing products and technology; and (f) the entry of new competitors and their technological advances. 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
CDC Games Launches Shine Online for Commercial Availability
--------------------------------------------------------------------------------
BusinessWire
08:31 a.m. 09/24/2007
New Game Expands CDC Games' Growing Portfolio in China
BEIJING, China, Sep 24, 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, announced today it has launched Shine Online for general commercial availability.
Shine, which was developed by Korea-based Ons On Soft, is a cartoon fantasy, 3D massive multiplayer online role-playing game (MMORPG). Based on Japanese comic-style graphics, the online game can appeal to various age groups, especially to a growing segment of female players.
Shine Online is part of a deep and varied games portfolio that was part of CDC Games' previously announced acquisition of Optic Communications. Currently, CDC Games has Yulgang, Special Force, SHAIYA, Mir III and Eve Online available in the China market. Other games planned for launch include: The Lord of the Rings Online(TM): Shadows of Angmar(TM), ChaosGem, Stone Age 2, Come on Baby, Gemfighter, and others.
The Shine Online launch follows a successful open beta program in which approximately 600,000 registered users played the game during this testing phase. The commercial launch includes significant marketing campaigns throughout China, including more than 20,000 Internet Cafes and full support from CDC Game's nation-wide sales and distribution channels to meet gamers' demand for prepaid cards and e-cards.
"We are very excited about today's launch of Shine Online," said John Huen, Chief Operating Officer, Optic Communications, a business unit of CDC Games. "With the addition of Shine Online, we now have six commercially available games including Yulgang, one of the most successful online games in China, along with Special Force, Shaiya, EVE Online and Mir 3, and more than 10 games in our pipeline. With our recent launch of CDC Games International, our international games subsidiary that currently is offering five new games for southeast Asia and Taiwan, and preparations for a new game launch in North America through CDC Games USA, CDC Games is well positioned as one of the premiere global online games companies with broad international diversification."
As previously announced in August 2007, CDC Games launched CDC Games International to publish online games on a global scale. CDC Games USA, a subsidiary of CDC Games International, will focus on launching new games, both directly and through publisher partners. Already, the new business unit has established a memorandum of understanding with K2 Network, Inc., a leading publisher of online, free-to-play games in the western hemisphere. CDC Games and K2 will evaluate opportunities for publishing selected game titles in North America.
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. CDC Games Studio recent investments include Gorilla Banana and Mgame, the developer of Yulgang, in Korea, and Auran, the developer of "Fury", which received the "Most Surprising" award at the 2006 E3, in Australia. 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 (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 ability of CDC Games to market Shine Online, the success of Shine Online in the market; the success of the development of a centralized gaming platform for CDC Games, 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 in targeted geographic markets; (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 entry of new competitors and their technological advances. 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, 2007All 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, Atlanta Investor Relations Monish Bahl, 678-259-8510 mbahl@cdcsoftware.com or CDC Software Media Relations Scot McLeod, 678-259-8625 scotmcleod@cdcsoftware.com
Fundamentally, earnings, balance sheet and upcoming spinoffs etc. should make this one trade closer to 10 then here so this is quite puzzling..
Unless there is outright book cooking or fraud, there is no reason for this stock not to recover so I intend to hold and watch and might even consider over allocation once they start giving guidance again at software unit and game unit level..
Now south of $7.00 ~~~ at a time with stock buybacks, spinoff divisions, dividend shares, PR hurricanes, etc. etc. ---- this stock has performed EXACTLY the opposite of what it should be doing. I'm just not sure why....or....what is continually driving it down ----- even with ongoing good business news.
Not prudent right now, but at the right time ---- I start
to unwind my holdings. What should be a very BRIGHT story
has turned dismal.....to say the least!
:(
Food Safety Expert From CDC Software Presents at International Food Safety and Quality Conference in China
Wednesday September 19, 7:30 AM EDT
HONG KONG & ATLANTA, Sep 19, 2007 (BUSINESS WIRE) -- CDC Software, a wholly owned subsidiary of CDC Corporation (CHINA) and a provider of industry-specific enterprise software applications and business services, announced today one of its key experts in food safety presented at the 2007 International Food Safety & Quality Conference held Sept. 12th in Beijing. The presentation helped food processors understand how to use an operational system of record to mitigate risk, protect a company's brand and cost-effectively achieve a demonstrable standard of food safety and quality control.
Beth L. Berndt, director of Industry Solutions for Food and Beverage, presented, "Reducing Recall Liabilities with Lot Tracing" at the 2007 China International Food Safety and Quality Conference & Expo, China's leading food safety conference that was widely attended by food manufacturers and China's governmental organizations as well as officials from the United States Food and Drug Administration (USFDA).
China's safety record has come under scrutiny in recent months with product quality concerns related to pet food, catfish, toothpaste, toys and others. China's government has already taken action to improve food safety such as the State Food and Drug Administration (SFDA) enacting a measure called "Provisions for Implementation of the Special Regulations of the State Council on Intensifying Safety Control of Food and Other Products," on August 31, 2007. In the Provisions, the SFDA requires stronger inspections and information management of food safety and quality controls.
Food manufacturers are faced with growing demands from their customers to provide fast and accurate tracking of all ingredients in a product, as well as the ability to audit all product activities throughout the supply chain and perform mock recalls regularly. Many food manufacturers are still using the traditional methods of managing product genealogy and traceability with paper records and manual spreadsheets. These methods embody inherent risks of inaccurate information and operational inefficiency as well as the inability to provide demonstrable proof of product safety and rapid, accurate traceability. The advantages of industry-specific enterprise solutions in information tracking and traceability help food manufacturers standardize and streamline the processes of audit trails, mock recalls and actual recalls.
CDC Software's Ross Enterprise, a solution specifically designed for the food and beverage industry, serves as the operational system of record for process manufacturers around the world. The system has proven its value with many food processors by enabling cost-effective compliance with the traceability requirements of the United States Bioterroism Act of 2002. By providing complete functionality for the food manufacturer that includes recipe management, inventory control, manufacturing management, quality control, full traceability, complex product costing, customer service, and business analytics, the system is also expected to help China-based food processors in their quest to demonstrate product safety and compliance with the new regulations from the SFDA.
"Many of the world's leading food manufacturers already rely on Ross Enterprise for meeting their industry-specific business and regulatory requirements," said Edmund Lau, vice president, Greater China, CDC Software. "With Ross Enterprise, our food processor customers around the world also cost-effectively meet and exceed the most demanding customer and consumer requirements for mock recalls, audit trails and product quality and consistency. With our deep expertise in food safety and our industry-specific solutions, CDC Software can provide the software solutions needed to help China's food manufacturers meet stronger food and safety regulations and global industry demands for verifiably safe products."
About Ross Enterprise for Food & Beverage
Ross Enterprise is CDC Software's comprehensive suite of applications for food and beverage manufacturers. The suite of applications includes enterprise resource management (ERP), supply chain management (SCM), warehouse management, customer relationship management, real time performance management and business analytics. Together, these systems address the unique challenges in food and beverage including the need for detailed product costing and profitability analysis, management of pricing and promotions, optimized forecasting and scheduling, improved order fulfillment and customer service, inventory optimization with minimal spoilage, and compliance with food safety regulations and mock recalls. Ross Enterprise is used worldwide by over 1,200 companies including Boar's Head, Kerry Ingredients, Cheesecake Factory, Pez Candies, Nellson Nutraceuticals, Hilmar Cheese, Michael Angelo's and Litehouse Foods. For more information, visit www.rossinc.com.
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 2007 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, and includes statements relating to the ability of CDC Software solutions to address the food and safety needs of certain customers. 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 Software solutions to address industry-specific requirements of process manufacturing companies. 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.
SOURCE: CDC Software
CONTACT: CDC Corporation
Investor Relations Monish Bahl, 678-259-8510 mbahl@cdcsoftware.com or Articulate Communications Media Relations Jen Buchhalter, 617-451-7788 ext. 16 jbuchhalter@articulatepr.com
Copyright Business Wire 2007
I agree. Pretty discouraging/disappointing on a day like today.....
Really don't understand the weakness in CHINA unless there are things we don't know.. Last six months it has been all over the map without going any where.. Not much improvement despite Naz +54
CHINA ~~~ Press Release Source: CDC Software
Leading Swedish Investment Bank Selects CDC Software's Pivotal CRM for Financial Services Solution
Tuesday September 18, 7:30 am ET
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 that The Ohman Group, a leading investment bank in Sweden, has chosen the Pivotal Customer Relationship Management (CRM) suite of software applications to create a single view of client activities, streamline access to all client information, and improve cross-departmental communication and coordination.
Ohman chose Pivotal CRM for its functionality specifically designed for the financial services-industries and because its former solution failed to address key requirements that included: maximizing benefits from its sales and marketing campaigns, increasing service levels and providing a complete view of client information. Using Pivotal CRM, Ohman employees now will be able to develop deeper insight into their clients' needs, preferences, and influencers, and will have access to tools that will help them improve team collaboration and client service, as well as track performance.
"Previously at Ohman, information was stored in a variety of databases and systems resulting in different departments being unable to easily access or collaborate on client information," said Pontus Barrne, CFO, The Ohman Group. "Since the cornerstone of our business is exceptional customer service, the need for a centralized solution was an important factor in choosing Pivotal CRM. With Pivotal CRM, we anticipate having a holistic view of all relationships and their mutual influence which will enable us to offer customized products and information when they are needed."
"Successful firms, such as The Ohman Group, need to differentiate themselves actively from their competitors," said Jason Rushforth, global vice president of Financial Services, Pivotal CRM. "This is done through strategic management of customer relations that includes establishing long-term client relationships and offering differentiated products and services. With Pivotal CRM, aggressive and successful financial institutions, like The Ohman Group, can easily manage this type of strategic client relationship information so they can differentiate their offerings and build client loyalty in today's very competitive market."
The Ohman Group is an investment bank that has been a part of the Swedish financial market since 1906 and a member of the Stockholm Stock Exchange since 1911. It offers a broad cross-section of high-quality financial services including securities trading and asset management.
About Pivotal CRM for Financial Services
Pivotal CRM enables clear, competitive differentiation by addressing the customer-facing needs of financial services enterprises in the capital markets, commercial and private banking, institutional asset management, and retail asset management industries. The solution is a highly flexible, best-in-class suite of CRM applications that are easily adapted to model the business practices that make each company unique. The Pivotal CRM software suite includes a powerful application platform and additional capabilities in analytics, mobile CRM, partner management and marketing automation.
Designed to produce meaningful increases in revenues, margins, and customer loyalty, Pivotal CRM is used by more than 2,000 companies around the world including Allianz Dresdner Asset Management, Farm Credit Services of America, Federal Home Loan Bank of Atlanta, Julius Baer Investment Management, Mellon Asset Management, Morgan Keegan & Company, Vantage Credit Union, Visa International Asia Pacific and The Ziegler Companies. For more information about Pivotal CRM for Financial Services, please visit www.pivotal.com/FinancialServices.
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 (NASDAQ: CHINA - News) 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.
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 Pivotal CRM to address the needs of financial services clients such as the ability to improve efficiencies, improve customer service, drive cost savings and competitive advantage. 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 financial services markets; the continued ability of Pivotal CRM solutions to address industry-specific requirements of companies in the financial services industry; demand for and market acceptance of new and existing CRM solutions; development of new functionalities which would allow financial services companies to compete more effectively and changes in the type of information required to compete in the financial services 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 Corporation, Atlanta
Investor Relations
Monish Bahl, 678-259-8510
monishbahl@cdcsoftware.com
or
Articulate Communications Inc.
Media Relations
Jen Buchhalter, 617-451-7788, ext. 16
jbuchhalter@articulatepr.com
--------------------------------------------------------------------------------
Source: CDC Software
just like my MO !!!
:)
Although I'm not a big Phan of spinoffs..... I'm betting the carved out pieces will be worth much more than the whole.
Those are some pretty significant "confidence" numbers....and, no doubt, in the short~term has
put some of the "price pressure" on the stock
also. BUT ~~~ going forward, it all begins to
work in our favor --- financials (going forward).
LOTS of stuff going on w/ CHINA (concurrently)...
when it all starts to come together ---- the future
will be VERY bright.
Perhaps......even brighter than HRCT-ville :-}
Nice to know the insiders are confident enough to be purchasing at these levels.
pretty bullish!!! CHINA ~~ Press Release Source: CDC Corporation
CDC Corporation Provides Update with Respect to Insider Repurchases of Company Stock
Monday September 17, 7:30 am ET
BEIJING & ATLANTA--(BUSINESS WIRE)--CDC Corporation (NASDAQ: CHINA - News) focused on enterprise software, mobile applications and online games, announced today, that since September 7, 2007, the date the company re-opened its trading window, the company and its subsidiaries have repurchased approximately 916,000 common shares at an average price of U.S.$7.42 per share for a total of approximately U.S.$6.8 million. Since the beginning of the share repurchase program on May 2, 2006, the company has spent an aggregate of U.S.$46.8 million in connection with repurchases of the total U.S.$60 million authorized. Shares of the company purchased by subsidiaries since September 7, 2007 are not counted as part of the company's $60 million authorized repurchase program.
In addition, company insiders have purchased approximately 200,000 shares, at a total value of more than U.S. $1.4 million, since September 7.
"We continue to be very confident in the long-term prospects of the company and our ability to continue growing both organically and through targeted acquisitions," said Peter Yip, CEO, CDC Corporation. "We believe that CDC Corporation is currently undervalued by the investment community and we are demonstrating our commitment to creating shareholder value through the repurchase of our shares at the corporate level, as well as by executive management's personal commitment."
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 the completion and effect of the proposed share repurchase program and other statements which are not historic 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 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 ability to integrate operations or new acquisitions in accordance with the company's business strategy; (d) the effects of restructurings and rationalization of operations; (e) the ability to address technological changes and developments including the development and enhancement of products; (f) the ability to develop and market successful Advanced Mobile Products; (g) the entry of new competitors and their technological advances; (h) the need to develop, integrate and deploy enterprise software applications to meet customer's requirements; (i) the possibility of development or deployment difficulties or delays; (j) the dependence on customer satisfaction with the company's software products and services; (k) continued commitment to the deployment of the enterprise software solutions; (l) risks involved in developing software solutions and integrating them with third-party software and services; (m) the continued ability of the company's enterprise software solutions to address client-specific requirements; (n) demand for and market acceptance of new and existing enterprise software and services and the positioning of the company's solutions; (o) the popularity of CDC Games' existing and new games; and (p) the continued growth of the online games industry in Asia. 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
Monish Bahl, Investor Relations, 678-259-8510
MonishBahl@cdcsoftware.com
or
CDC Software
Scot McLeod, Media Relations, 770-351-9600
ScotMcLeod@cdcsoftware.com
--------------------------------------------------------------------------------
Source: CDC Corporation
I've had CREE for quite awhile. 18+ dollar cost average. I too, almost doubled up when it was in the upper teens.
Coulda, woulda, and shoulda #37.
lol!
That's why I re-entered the arena. Hoping for CDC to join Shanda and Netease. Sure seems feasible.....
I know.. I really should.. May be next week.. No more CHINA.. Will have to find some new dogs..
LOL ~~~~ spread those EGGS around!!
Ok.. I could not resist so increased my position by another 10%
OT: posted this a little bit ago.
I agree!
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22874199
Thanks.. I might add more depending on next week.. I am not sure Fed is not going to disappoint the markets next week..
You're gonna get "Dr. Phil" type service at NO COST !!!!
Seriously, I hope CHINA ultimately fulfills all
your expectations ----- you deserve it!!
Understood.. And one reason I have 10% + of my portfolio still tied to CHINA ..
I have on occasion, when it was 11+ earlier in the year and 10+ during summer thought of selling it and buying it back on weakness but I am not a cool customer when it comes to trading so here I sit with full position and thinking of adding..
I tried trading CREE for example and during the volatility dumped it around 26-27 after it had pulled back from 30 for a good profit (bought in mid to high teens) but I really wanted to keep it for longer term.. So what happened ? I could not bring myself to buy back CREE around 23-24 range and today it is back to almost 30..
Sigh.. On the plus side of course I am sitting on cash which should provide some comfort.. for now at least it is irritating me to hell watching CREE and CHINA .. And of course I am using the thread for cheap therapy.. LOL..
Only depressing if it's on the sell list --- it's
better to have it hang low if you want to accumulate
it. But, I understand what you're saying....it is
frustrating to see it not build / sustain a higher
base.
However, Mr.BankRoll was quick to point out to me
that ------ if you look at the past ie. YTD -----
it's up quite nicely. I just need some REAL nicely
here as I'm still down a bit over $2K on it.
But....I liked it when I bought it ---- I like it more
today.....and, I'm patient. As a HRCT owner, that's a
pre-requisite << last sentence just for MBR >>
Saw that.. Nothing seems to help of late.. relentless downward pressure.. pretty depressing for sure..
What do you think ---- game/set/match ~~~ CHINA
Fool on Call: CDC Games' Hidden Treasures
By Jeremy MacNealy September 14, 2007
Cartman: I am the mightiest dwarf in all of Azeroth!
Kyle: Wow! Look at all these people playing right now.
Cartman: Yeah, it's bullcrap! I bet half of these people are Koreans.
-- South Park, "Make Love, Not Warcraft"
With more than 100 million registered users in China alone, CDC Games, a division of CDC (Nasdaq: CHINA), might dispute Cartman's grasp of demographics. Yet the company's mind-boggling player base isn't the most interesting news to come from its latest quarterly earnings conference call. I'm more intrigued by CDC's compelling slate of newly released and upcoming games, which might catapult the company into the upper echelon of China's online gaming hosts, alongside Shanda Interactive (Nasdaq: SNDA), The9 (Nasdaq: NCTY), and NetEase.com (Nasdaq: NTES).
This edition of "Fool on Call" will focus on CDC Games' recent and upcoming developments of CDC Games, its parent company's plans to unlock the division's value, and what that all means for investors. (If you need it, here's a refresher on this past quarter's numbers.)
The staple
Until very recently, CDC Games' online lineup consisted of just one game, Yulgang. Launched more than two years ago in July 2005, it was the first Chinese MMORPG -- that's "massively multiplayer online role-playing game" -- to let users play free, earning revenue from those players' purchases of in-game accessories.
Yulgang is still going strong today, adding another 6 million users in Q2, bringing the total number of registered users to 54 million. Meanwhile, Q2 revenues from the game rose 17% to $9 million year over year.
Yulgang received a blow early in the third quarter, as unauthorized servers running the game sapped its revenue. The company first got wind of the piracy in late May and early June, but the bootleg servers haven't had a material effect on revenue until recently. The game also suffered a decline in players' interest, because of a "long lapse [in time] from the last major content update," explains Xiaowei Chen, President of CDC Games.
To attack both the piracy issue and players' waning enthusiasm, the company introduced a new content update called "version 180." In addition to luring players back, the update adds new features "designed to increase the average revenue per user." Version 180 appears to be a success, since player participation now exceeds pre-update levels.
CDC's also attacking the piracy problem by working with government agencies like the Chinese Public Security Bureau, sending legal notices to pirate server operators, and forming an alliance with other companies against pirate servers.
The surge
Interestingly, Optics, a key acquisition of CDC Games in Q3, has recently and successfully obtained convictions against a pirate server operator and a macro program operator. Chen indicated that these convictions were the first of their kind in China. In addition to the more than 40 million registered users that CDC brought on board via its Optics acquisition, it also seems to have gained greater legal expertise in combating piracy.
Optics currently has three major titles running in China right now: SHAIYA, MIR III, and EVE Online. The acquisition also provides CDC Games with five new titles in the pipeline, due for launch in the "near future."
The shooter
The company also released a first-person shooter game, Special Force -- the first of its kind to enter the Chinese market -- to bring the company's total offerings to five games. Special Force has topped the charts in every market it's entered to date, including Taiwan, Korea, and Thailand.
The game's already garnered 4.5 million registered users. Chen explained in the Q&A portion of the call that first-person shooter games typically see a "faster and faster" increase in user rate than MMORGs. This effect, coupled with new items for sale within the game, hint at the possibility of rapid revenue acceleration in the coming months.
The sword
Optics's addition in the current quarter basically doubled CDC Games' offerings. Given its warm reception in other markets, Special Force could provide a triple for the company. And CDC Games may just round third and head for home plate with the upcoming release of Lord of the Rings Online.
LOTR Online is at the top of the PC charts in both Europe and U.S., but can Western successes translate equally as well in China? Electronic Arts (Nasdaq: ERTS) certainly believes it's possible, and it's backed up that bet with the introduction of FIFA Online. If any franchise can garner global applause from the online world, LOTR Online can.
"We have very high hopes for Lord of the Rings to become a blockbuster in China, too," asserts Chen. The game's set for release in China within the next six months.
Unlocking value
Over the summer, CDC announced its intentions to spin off CDC Games through an initial public offering. CDC CEO Peter Yip hopes the deal will "unlock shareholder value." A year ago, then-acting CFO Verome Johnston asserted, "We continue to believe that the Company harbors additional value not currently reflected in our stock price." At that time, the underlying stock traded at $5 and change. CDC is trading about 40% higher today, but management's remarks in this call suggest to me that the sum of the company's individual parts remains much greater than the current whole.
Because of the pending IPOs of both CDC Games and CDC Software, company officials declined to offer any forward guidance. Next quarter, the leadership team will take additional time in the Q3 conference call to provide greater detail on CDC Games' operations, which should give us a much greater sense of its value as an independent enterprise.
Until very recently, CDC Games had just one breadwinner, Yulgang. With the acquisition of Optics, the release of Special Forces, and the upcoming launch of Lord of the Rings Online, it's adding three more potential or actual moneymakers to the fold. We'll have to wait and see how the potential acceleration of CDC Games' top and bottom lines compares to the valuation of upcoming IPO. Still, you have to like the sound of things.
As Cartman put it, "You can just hang outside in the sun all day tossing a ball around, or you can sit at your computer and do something that matters." CDC Games and its potential investors seem to have chosen the latter. Let the games begin.
I knew I should have kept my mouth shut........ Down a quarter on my new shares....... :~(
Looks like the extra exposure of ringing the opening bell didn't help.........
CDC Games and Leading Game Developers Form Alliance to Protect Online Game Industry from Piracy
Thursday September 13, 7:30 AM EDT
BEIJING & ATLANTA, Sep 13, 2007 (BUSINESS WIRE) -- CDC Games, a business unit of CDC Corporation (CHINA) and a pioneer of the "free-to-play, pay-for-merchandise" model for online games in China, announced today that the company, along with several other leading game developers, has founded the Online Games Alliance Against Piracy (OGAAP) to fight the piracy of online games in China.
Piracy costs the global entertainment industry billions dollars of lost revenues every year, and this problem has been particularly rampant in the booming China market. Piracy activities include operators who have set up private servers and macro programs that mimic some of the most popular online games.
As part of its commitment to fight online games piracy, OPTIC Communications, which is now part of CDC Games, has helped the China government convict two operators of "piracy for profit" of one of their online fantasy games called Mir III. These two landmark cases are among the first of their kind in China and each resulted in criminal convictions. The first case, known as the "Tianzi case," involved a private server operator that was running illegal copies of the Mir III game online. The conviction of the operator included the seizure of all their equipment and a three-year prison sentence. The second case, known as the "007 case," recently concluded in August 2007 with a six-year prison sentence and a fine of (U.S.) $67,000. In this case, the operator was running an illegal macro program that allowed players to purchase online game merchandise such as special powers and weapons. With over 20 million users currently registered as players of Mir III, the revenue impact was substantial before the illegal operation was shut down.
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; and lobby relevant government bodies and lawmakers to enact anti-piracy legislation. The alliance will also 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.
Other founding members of the OGAAP alliance include leading developers such as: 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. CDC Games is also actively recruiting others in the online game industry to join OGAAP in this united front against piracy.
OGAAP, to be a non-profit organization headquartered in Beijing, is already in discussions with several of China's governmental organizations that oversee the games industry to seek their guidance and support of this initiative. These agencies include the China Game Publishers Association (CGPA) as well as top authorities governing press and publications, copyright administration and protection of intellectual property rights.
"At CDC Games, we have long recognized the potential severity of illicit piracy activities, and have achieved success in individual campaigns against piracy," said Peter Yip, CEO of CDC Games. "The formation of OGAAP is a milestone achievement for the online game industry and will seek to leverage the combined power, experience and efforts of many key industry players. Like other segments in the entertainment industry, we have experienced an increase in piracy, especially with some of our more popular online games. Our primary objective is to reduce, and if possible, eliminate these piracy challenges so our industry can continue its vibrant growth throughout China. This alliance and the recent successful convictions of illegal operators are major steps in achieving our objectives."
For more information regarding participation in OGAPP, please contact Dr. Xiaowei Chen, president of CDC Games at Xiaowei.Chen@bj.china.com, or Mr. John Huen, COO of CDC Games' OPTIC Communications business unit at JohnHuen@optisp.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 (CHINA), please visit www.cdccorporation.net.
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. 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. CDC Games Studio recent investments include Gorilla Banana and Mgame, the developer of Yulgang, in Korea, and Auran, the developer of "Fury", which received the "Most Surprising" award at the 2006 E3, in Australia. 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.
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 to form OGAAP, the ability of OGAAP to attract other game publishers as members, the ability of OGAAP to obtain the support of relevant government regulators in China, the ability of OGAAP to combat piracy of online games in China, achieve convictions of pirates, shut down unauthorized servers, educate consumers of the harm caused by pirates, 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 the future growth of the online gaming industry, the introduction of competitive products and technology, the attractiveness of the products in the CDC Games portfolio, the introduction of new technologies which facilitate pirating, the response of the government to the concerns caused by pirating, and the ability of competitors to work together to combat the pirating threat. 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
SOURCE: CDC Corporation
CONTACT: CDC Corporation
Investor Relations: Monish Bahl, 678-259 8510 MonishBahl@cdcsoftware.com or CDC Software Media Relations: Lorretta Gasper, 678-259-8631 lgasper@cdcsoftware.com
Copyright Business Wire 2007
LOL ~~~~ 'that' is my partyline !!
:)
Just rebuilt my position. You can expect a significant drop from here. Sorry!
2 pennies yesterday........... A nickel today....... Slow and steady wins the race! lol!
I don't pay that close of attention to the honorary bell ringers........... But aren't they usually CEO's/management from companies that has their stock kicking azz?
ding...ding..ding...ding..ding !!!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CDC Corporation CEO to Ring NASDAQ Opening Bell on Thursday, September 13, 2007
--------------------------------------------------------------------------------
BusinessWire
07:30 a.m. 09/12/2007
BEIJING, China & ATLANTA, Sep 12, 2007 (BUSINESS WIRE) -- CDC Corporation (CHINA) a leading Global Enterprise Software and New Media Company today announced that its CEO, Peter Yip, will ring The NASDAQ Stock Market Opening Bell on Thursday, Sept. 13, 2007 at 9:30 AM EDT, recognizing eight years as a NASDAQ-listed company.
CDC Corporation was first listed on NASDAQ in July 1999. Since that time, CDC Corporation has become one of the leading global providers of enterprise software and new media. With 2006 revenue of $309.5 million, CDC Corporation has previously announced its plans to carve out its CDC Software and CDC Games businesses into separate stand-alone companies.
"CDC Corporation is honored to open the NASDAQ market," said Peter Yip, CEO, CDC Corporation. "We are pleased to be listed among the world's leading companies in this prestigious stock exchange. This symbolic ringing represents the solid achievements in our businesses over the years and our unwavering commitment to increasing long-term shareholder value."
To view the NASDAQ opening bell ceremony live on Sept. 13, visit http://www.nasdaq.com/about/marketsitetowervideo.asx to access the MarketSite Webcam link.
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 2007 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com .
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. 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. CDC Games Studio recent investments include Gorilla Banana and Mgame, the developer of Yulgang, in Korea, and Auran, the developer of "Fury", which received the "Most Surprising" award at the 2006 E3, in Australia. 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 Mobile
CDC Mobile, a business unit of CDC Corporation, is focused on providing consumer-based and enterprise-based mobile applications services in China. These include SMS (Short Message Services), IVR (Interactive Voice Response), MMS (Multimedia Message Service) and WAP (Wireless Application Protocol) applications and services. Through its companies in China, it has direct connectivity with local mobile operators in 29 provinces. In January 2007, CDC Mobile launched a (U.S.) $100 million investment program targeting strategic investments in leading 3G content providers in North Asia and Europe that can be leveraged to gain first-mover advantage in the anticipated 3G marketplace in China.
About China.com Inc.
China.com is a leading operator of Internet portals serving a broad range of audiences in China. In 2006, the company was chosen as the first to host Google's Video Adsense, serving video ads targeted at China's English-speaking audience. China.com has also been 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.
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 to successfully complete the carveouts of CDC Software and CDC Games, the ability of CDC Corporation to create and increase shareholder value, the Company's status as a leading global provider of enterprise software and new media, the ability to continue to make selective and strategic acquisitions, the ability of CDC Software's applications to help an organization deliver a superior customer experience while increasing efficiencies and profitability, CDC Software's ability to provide a full-continuum of services that span the life cycle of technology and software applications, CDC Games' status as a market leader of online and mobile games in China, the ability of CDC Games Studio to succeed, establish relationships, accelerate game development and deploy investments through contributions from CDC affiliated companies, external partners and its internal resources, the ability of CDC Games International and CDC Games USA to launch games internationally and position CDC Games as a global publisher of online games, and the ability of CDC Mobile to target strategic investments in leading 3G content providers in North Asia and Europe to gain first-mover advantage in the anticipated 3G marketplace in China 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 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 ability to develop and market successful Advanced Mobile Products and online games; (f) the entry of new competitors and their technological advances; (g) the need to develop, integrate and deploy enterprise software applications to meet customer's requirements; (h) the possibility of development or deployment difficulties or delays; (i) the dependence on customer satisfaction with the company's software products and services; (j) continued commitment to the deployment of the enterprise software solutions; (k) risks involved in developing software solutions and integrating them with third-party software and services; (l) the continued ability of the company's enterprise software solutions to address client-specific requirements; (m) demand for and market acceptance of new and existing enterprise software and services and the positioning of the company's solutions; and (n) the ability of staff to operate the enterprise software and extract and utilize information from the company's enterprise software solutions. 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. 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
LOL ~~~ you must have read my VMW post !!
:)
Uh oh, sure sign they're ready to take a dump. lol!
Seems to be a good opportunity to build on my position down here in the low 7's.
Tempted to pick up a lot of different beaten down stocks.
I'll probably sit back and watch the opportunity pass me by and whine coulda, shoulda and woulda later. :~)
CDC Software Completes Acquisition of Catalyst International
--------------------------------------------------------------------------------
BusinessWire
07:30 a.m. 09/11/2007
ATLANTA, Sep 11, 2007 (BUSINESS WIRE) -- CDC Software, a wholly owned subsidiary of CDC Corporation (CHINA) and a provider of industry-specific enterprise software applications and business services, announced today that it has completed its acquisition of Milwaukee-based Catalyst International, a leading provider of supply chain execution solutions and services.
As previously announced, Catalyst's software solutions and services are highly complementary to CDC Software's IMI Supply Chain product line and the company's CDC Global Services operations. The IMI suite of supply chain solutions supports demand-driven fulfillment in multi-company, multi-site and multi-channel environments. The Catalyst business services offerings will be merged into CDC Global Services which provides consulting and outsourcing services across a variety of technologies and industries.
Catalyst provides a broad range of integrated, open standards-based solutions that service key areas of complex supply chains and distribution networks. The solutions can operate as standalone modules that can readily integrate into an enterprise's existing applications. Key functionality in the Catalyst suite includes warehouse management, transportation management, dynamic route planning, slotting, labor management, cross dock planning, and yard management. Catalyst solutions are also based on an event-driven, rules-based workflow platform that will serve as an integration backbone for CDC Software's applications in the future.
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 (CHINA) 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 (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, including statements relating to expectations that such transaction will be accretive, the expectation that the acquisition will strengthen the supply chain and services portfolio, the complementary nature of Catalyst solutions with IMI, our statements regarding our strategy, value and market positions, our statements regarding leadership and management, our statements regarding the expected benefit of the acquisition 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 supply chain solutions industry; the ability of Catalyst solutions to address industry-specific requirements; development of new functionalities which would allow other companies to compete more effectively and changes in the type of information required to compete in the supply chain execution 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.
CDC Corporation Investor Relations Monish Bahl, 678-259-8510 monishbahl@cdcsoftware.com or Media Relations Scot McLeod, 678-259-8625 scotmcleod@cdcsoftware.com
someone likes CHINA !!!
Zacks.com
Strong Growth Continues for CHINA
Monday September 10, 3:46 pm ET
By Zacks Equity Research
Zacks senior Chinese market analyst Paul Cheung, CFA is reiterating his Buy recommendation on CDC Corp. (NasdaqGM: CHINA - News) today. Here\'s why:
\'CDC\'s revenue for the second quarter of 2007 increased 35% year-over-year. However, its adjusted EPS missed market expectations by one cent due to higher selling, general and administrative expenses. We still think CDC is well positioned to leverage the growth opportunities in small-to-medium business enterprise software market and China\'s online game market.
\'In addition, its stock is trading at a lower valuation than its peers. Overall, we don\'t think its current stock price fully reflects the company\'s intrinsic value. Therefore, we are maintaining our Buy rating on CDC shares.
\'Based on our estimate for fiscal year 2007 earnings per share, the stock is trading at 17.5x, which is much lower than the industry mean. Based on our estimate for fiscal year 2008 earnings per ADS, the stock is trading at 13.2x, which is also much lower than the industry mean. Using a P/E multiple of 18.0x our fiscal year 2008 earnings per ADS estimate of $0.57 yields a target price of $10.25, which can reflect company\'s great growth prospects, in our view.\'
Read the full analyst report on CHINA
LOL! Yeah, they're crankin' 'em out like the days of Phan.
Difference is, although convoluted, they're real! :~)
Man, we gotta get CDC's PR firm over w/ HRCT !!!!
==============================================================
Press Release Source: CDC Software
CDC Software Introduces New Solution to Address Email Deliverability Challenges
Monday September 10, 7:30 am ET
CDC Software Partners with Message Systems to Create Powerful High Performance Email Application Server Called CDC Marketfirst Deliverability Email Server
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 the addition of the CDC MarketFirst Deliverability Email Server to its CDC MarketFirst marketing automation solution. This new solution, planned for availability in Q4 2007, will allow CDC MarketFirst customers to solve their deliverability issues by providing robust traffic shaping and delivery capabilities.
CDC MarketFirst is a leading marketing automation and lead management system that enables marketers to effectively manage sophisticated multi-wave, multi-channel, multi-lingual marketing programs, event marketing, surveying, and more. CDC MarketFirst Deliverability Email Server adds a high-performance email application server that increases message reception, revenue and campaign ROI.
Using MarketFirst Deliverability Email Server, marketers will now be able to:
Instantly increase message reception, revenue and campaign ROI with a comprehensive set of deliverability tools.
Determine which e-mails are not getting through and the root cause for failures with advanced "bounce processing."
Increase user satisfaction and value with comprehensive workflow that ensures customer workflow and service levels are achieved.
Reduce capital expense for hardware expansion with enterprise software solutions providing better performance than many of today's typical systems.
Speed time to market and reduce customer churn with an extensibility suite that enables quick integration of new technologies.
MarketFirst Deliverability Email Server is a collaborative effort between CDC Software and Message Systems, a leading provider of email software solutions for email marketers, service providers and corporate enterprises. With extensive expertise in building some of the largest email systems in the world, Message Systems developed a standards-compliant message transport agent (MTA) that eliminates racks of email servers and ultimately helps reduce operating expenses.
Tracking the process from the point of campaign creation, through sending, and finally through ISP feedback loops and final email delivery usually requires that a marketer and/or IT person review many different reports across several different vendor systems. Additionally, most marketers do not just want to track this information; they also want to adjust their campaigns to assure delivery. This requires adjustment to each campaign so they can compensate and get through specific filtering rules. Generally, this could only be accomplished by an email specialist dedicated to the task.
According to Marketing Sherpa's Email Marketing Benchmark Guide 2007, "72 percent of business email users lose valid email they have opted in for at least occasionally." Until now marketers have had to purchase and integrate three to four products to solve this problem. Marketing Sherpa is a research firm specializing in tracking what works in all aspects of marketing.
"In the past, both content issues as well as email deliverability, such as authentication and reputation, have been top priority for marketers," said Adam Sarner, principal research analyst, CRM, Gartner. "We anticipate deliverability strategic alliances to take place in the months ahead."
"Now with CDC MarketFirst, a single system alleviates the entire deliverability issue," said Eric Musser, CEO and president of CDC Software. "Marketers want to focus on the creative and interactive aspects of their campaigns and not on the technical requirements of email deliverability. CDC MarketFirst Deliverability Email Server lets marketers do what they do best and frees them from the technical issues of getting emails through."
"The CDC MarketFirst Deliverability Email Server covers the full circle of email deliverability that keeps marketers up at night," said Barry Abel, vice president of field operations, Message Systems Inc. "Now marketers can purchase a single solution that covers campaign creation, email assembly, email transmission, reputation, and deliverability verification in one package."
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, marketing professionals 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.pivotal.com/marketfirst/
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, and includes statements relating to the ability of Pivotal MarketFirst to address the needs of certain customers such as the ability to dramatically increased the number of marketing campaigns and reduced the cost per response. 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 Pivotal 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:
CDC Corporation
Investor Relations:
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
Articulate Communications Inc.
Media Relations:
Jen Buchhalter, 617-451-7788, ext. 16
jbuchhalter@articulatepr.com
--------------------------------------------------------------------------------
Source: CDC Software
They need to snag some of Shandas market share. Huge profit in online gaming.
I listened to the CC.. I'd say investors over reacted.. Although I must say they could have delivered this message a bit better.. Needless to say I am holding but I do think they need to do more work on the portal and mobile side of the business.. A disappointment nonetheless and I'd feel better when they go over the 8 dollar hump and start providing breakdown for software and game units.. It sounded though they are getting closer to the spin off..
As for the dividend, the proposal to the board is to distribute dividend in kind, i.e shares in the units that will be spun off..
I'm no CPA, but this doesn't look pretty.....
"Net loss in Q2 2007 was (U.S.)$ (3.2) million, compared to net income of (U.S.)$8.0 million in Q2 2006."
Have to do some digging to find out why. Acquisitions maybe?
wadda' ya' think ?
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CDC Corporation: CDC Corporation Reports Sixth Consecutive Record Revenue Quarter in Second Quarter of 2007
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M2
12:36 p.m. 09/06/2007
Company Reports (U.S.)$103.9 Million in Revenues and Adjusted Net Income of $10.1 Million; Software business delivers 53.5% annual growth with license revenue maintaining strong organic momentum
London, Sep 06, 2007 (M2 PRESSWIRE via COMTEX) -- CDC Corporation (CHINA) a leading Global Enterprise Software and New Media Company today announced its financial results for the second quarter for the period ending June 30, 2007.
Second Quarter 2007 Results:
--Total revenue for Q2 2007 was (U.S.)$103.9 million, an increase of 35.0% from (U.S.)$77.0 million in Q2 2006. This is the first time in the company's history that quarterly revenues have exceeded $100 million and the sixth consecutive record revenue quarter.
--Total revenue from CDC Software for Q2 2007 was (U.S.)$88.6 million, an increase of 53.5% from (U.S.)$57.7 million in Q2 2006. CDC Software license revenues were up 86.6%, with 33.8% growth organically, compared to Q2 2006.
--Total revenue from CDC Games was $9.0 million, an increase of 17.3% from Q2 2006.
--The China.com business, which includes the portal and MVAS business, reported revenues of (U.S.)$6.3 million for Q2 2007, a decrease of 45.4% from Q2 2006. The mobile segment, as well as the overall industry sector, continue to be impacted by regulatory changes in the China market.
--Net loss in Q2 2007 was (U.S.)$ (3.2) million, compared to net income of (U.S.)$8.0 million in Q2 2006.
--Adjusted net income* was (U.S.)$10.1 million for Q2 2007, a decrease of 4.6% from (U.S.)$10.6 million in Q2 2006.
--Adjusted diluted earnings per share* was (U.S.)$0.08 for Q2 2007 compared to (U.S.)$0.09 in Q2 2006.
"This quarter was a milestone quarter in many regards," said Peter Yip, CEO, CDC Corporation. "Not only were we able to break the $100 million quarterly revenue milestone at CDC Corporation, we took significant steps in creating value for our shareholders. We are making progress in carving out CDC Software and CDC Games. In addition, we have been buying back stock and have increased our buy back amount in the second quarter. In addition, we are exploring creative ways to further enhance shareholder value, including, but not limited to, considering a new dividend policy for CDC Corporation and its publicly traded companies. CDC Corporation has evolved to a value creation company that will prove its model, we believe, once the carve outs are complete. "
"We believe our software business has never been stronger. We are now ranked among the 12 largest enterprise and supply chain management application vendors in the world by revenues, according to a recent publication. In the quarter, our software revenues grew 54%. More importantly, license revenues were up 87%, with organic license revenue growth of over 34%. The momentum in license revenue growth over the last 12 months has surpassed our expectations, and has actually shown an accelerating trend. In addition, we continue to make selective and strategic acquisitions such as Saratoga and the recently announced Catalyst deal. We will continue to make these types of strategic acquisitions that give us new solutions, expand our geographic presence and expand our vertical reach."
"We are very excited about our online games business as we believe we have one of the most attractive pipelines in the industry," Yip continued. "We have recently launched Special Force which we believe has the potential to become a top 10 game in the China market. We recently acquired Optics which gives us three additional revenue generating games as well as several other games in the pipeline. With Optics, we are in the final stages of an aggressive launch schedule in 2007 and into 2008, which will introduce games such as Lord of the Rings Online(tm) to the China market. These new game launches will give us improved diversity across our online games portfolio. Also, we have recently announced our intention to invest in Xnet, who was chosen to develop games for the 2008 Olympics in China and which we believe has one of the best 3-D engines in the industry. Finally, we recently launched CDC Games International and CDC Games USA leveraging the CDC Games infrastructure, to take this business segment global and target gaining a leadership position in the online games industry.. With these investments, our intent is to make CDC Games one of the top global online games companies in the world."
CONTACT: Monish Bahl, CDC Corporation Investor Relations Tel: +1 678 259 8510 e-mail: MonishBahl@cdcsoftware.com Scot McLeod, Media Relations, CDC Software Tel: +1 770 351 9600 e-mail: ScotMcLeod@cdcsoftware.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD
If they do....I'm jumping out my office window !!!
< good thing it's on the first floor >
Oh Boy! Hope they don't end up trading on the OTCBB! lol!
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