CDC Corporation (CHINA)

[WestTexas]

Is this the righht board for ticker CHINA?

[brwtrpilot]

Bawwaaaahhaaa
we are rocking now

[brwtrpilot]

bet you are glad you did DD at eighty...
I was in the same boat but due to other investments forgot
to dd on this one..
so have been sitting on it for some time...
Glad i did not bail though... there software is making ground
in all kinds of sectors.. I like the AAA of new york that broke it out of the industrial only sector imho.. Now it has another
face. Hope it will open up more sectors for it to work in...
Still holding...

[Sultan]

Still own a ton of this stuff.. Never sold at the highs.. sigh..
Added more around .80.. Hopefully, along with buying the notes back they are also reducing the share outstanding meaningfully by buying them at these prices..

[MrBankRoll]

"CDC Corporation Announces Purchase of Over 50 Percent of Its Outstanding Convertible Notes, Below Par Value, With Second Recent Additional Purchase

Business Wire
Posted: 2009-03-24 08:40:00

CDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, announced today that, in addition to a purchase from one of its largest holders announced yesterday, an affiliate of the company also entered into a definitive agreement yesterday to purchase the entire holdings of another holder of the company’s 3.75 Percent Senior Exchangeable Convertible Notes Due 2011 (Notes). Under this agreement, the entire holdings of such other holder will be purchased in two installments, one half of which was purchased yesterday and the purchase of the remaining half is expected to be completed within 30 days after the first closing.

With the closing of this additional purchase yesterday, holdings of Notes from eight of 11 separate Note holders have been purchased by CDC Corporation’s affiliate. Additionally, with this closing, the company has successfully completed the purchase of over 50 percent of its outstanding Notes, representing an aggregate of $85 million in face value of the Notes, at an average price below par value.

"We are extremely pleased with this additional purchase, and have now exceeded a threshold of over 50% of the original $168 million Notes outstanding that have been purchased by us,” said Peter Yip, CEO of CDC Corporation. “We believe this milestone will allow us more flexibility and options as we negotiate with the remaining Note holders. By using a combination of our own internal cash, cash generated from operations and refinancing, we have been able to purchase $85 million in face value of our Notes at an average price that is a discount to par value, with no dilution of shareholder equity as a result of these transactions. As we have stated previously, we believe these negotiated purchases of Notes below par value are fair for both parties in light of current overall economic conditions."

“We continue to remain optimistic about our future, despite the economic headwinds impacting the global economy,” Yip added. “Our core businesses continue to generate cash given the recurring nature of several of our revenue streams combined with the cost reductions we were able to make in 2008 in anticipation of a general slowdown. We plan to resume pursuing strategic and opportunistic acquisitions for expanding our software platform, as well as increasing our marketshare in China for our MMO online games business. We remain confident of our global business which is reinforced by our strong presence in China."

http://money.aol.com/news/articles/qp/pr/_a/cdc-corporation-announces-purchase-of/rfid197340591

[brwtrpilot]

This is the thing we all have been waiting for the cross over from
food to other industry for their software now it will rock and roll imho
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090120005622&newsLang=en

Leading Global Hearing Aid Manufacturer To Implement CDC Software’s Pivotal CRM Solution Throughout Its Worldwide Sites

[MrBankRoll]

12-16-2008 CDC Software’s Ross Enterprise Selected for Use in a Food Safety Information Management Platform in China

CDC Software, a wholly-owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software applications and business services, announced today that its Ross Enterprise application was selected as the only ERP software vendor included in the development of a Food Safety Information Management Platform (FSIMP), and related service outsourcing, that is expected to be used by the food industry in China’s Henan province. Henan is currently the most populous province in China and is known for its rapidly-growing food manufacturing industry.

CDC Software has partnered with VITOVA Limited, a leading independent software vendor (ISV) in the enterprise content management (ECM) industry that has been contracted to set up an outsourcing center in Henan that will provide the FSIMP. Food producers are expected to use this platform on a subscription as a services (SaaS) basis to help them comply with applicable laws, rules and regulations. VITOVA selected Ross ERP for its deep vertical specialization in addressing unique challenges in the food and beverage industry, 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.

“The goal of the FSIMP is to address the major concerns faced by China’s food industry, including food safety, regulatory requirements and operational management,” said Mr. Aldous Ng, CEO of VITOVA Limited. “We knew Ross ERP’s key focus was addressing these concerns and felt they would be a perfect fit for the platform. We’re looking forward to experiencing the same kinds of successes as other Ross ERP customers in the food industry worldwide.” “We are very excited that our ERP solution was selected for this very important project for China’s largest province,” said Ian Whitehouse, Country Manager, CDC Software. “We believe that our selection to participate in the development of this FSIMP is a testament to our established leadership in the food manufacturing segment. Our Ross ERP solution for the Food and Beverage industry specifically addresses that market segment’s unique business processes, especially in the area of food safety, traceability and regulatory compliance.” 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 more than 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.

For more information, visit www.rossinc.com.

About VITOVA Based in Hong Kong, VITOVA is a leading Independent Software Vendor (ISV) in the Enterprise Content Management (ECM) domain. VITOVA develops software tools to connect people to relevant information. VITOVA's software helps to reduce the time needed for searching information while increasing the relevance of the information found. The company’s product family has won many awards including Microsoft Best ISV of the Year 2007 and 2005 in Hong Kong; 2006 Microsoft Partner Program Award, Winning Customer Award, Regional Winner of Greater China; 2006 Microsoft Partner Award, Data Management Solutions Technology Innovation Finalist; 2005 Microsoft Partner Program Award, ISV/Software Solutions Technology Innovation Finalist; 2003 and 2002 Hong Kong Awards for Industry and Hong Kong IT Excellence Awards 2001.

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), CDC Supply Chain (supply chain management, 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 ranked number 8 in the Top 20 Supply Chain Management Software Suppliers by Modern Materials Handling magazine. 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 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 http://www.cdccorporation.net/.

[MrBankRoll]

Form 6-k.........

Other Events.

Cancellation and Re-grant of Certain CEO Equity Incentives and Other Non-Cash Compensation

On November 19, 2008, Hong Kong time and prior to the opening of the NASDAQ Market in the U.S., the Board of Directors (the “Board”) of CDC Corporation (the “Company”) met (the “November 19, 2008 Meeting”), and upon the recommendation of the Compensation Committee of the Board (the “Compensation Committee”), approved certain matters relating to the compensation payable by the Company to its Chief Executive Officer, Mr. Peter Yip directly and under the terms of an Executive Services (CEO) Agreement (the “CEO Services Agreement”) dated as of April 2006 among Mr. Yip, CDC Corporation Limited and Asia Pacific Online Limited, a corporation affiliated with Mr. Yip (“APOL”), as follows:

(i) Mr. Yip, and/or APOL could elect to cancel an aggregate of 5,934,999 options to purchase shares of the Company’s common stock (“Options”) having a weighted average exercise price of $2.68 per share held by Mr. Yip or APOL and receive, in exchange for such cancellations, new Options issued under the Company’s 1999 Stock Option Plan (the “1999 Plan”) to replace cancelled Options; and

(ii) Mr. Yip will receive Company-paid non-key man life insurance and/or Mr. Yip and certain additional members of his family will receive Company-paid health insurance benefits, in amounts and on such terms as may be approved by the Compensation Committee.

On November 26, 2008, Mr. Yip and APOL agreed to cancel all of such prior Options and, as a result, were granted an aggregate of 5,934,999 Options (the “New Re-grant Awards”) at an exercise price of $0.87 per share, the closing price of the Company’s common stock on the NASDAQ Market on November 26, 2008 (the “Grant Date”). New Re-grant Awards in the amount of: (a) 3,535,000 Options will vest in equal quarterly installments over a period of three (3) years from the Grant Date; and (b) 2,399,999 Options will vest subject to the achievement of certain specified performance milestones and in accordance with the CEO Services Agreement. The New-Re-grant Awards have an expiration date that is seven (7) years from the Grant Date and have been granted under, and are subject to, the 1999 Plan.


Change in Compensation Committee

At the November 19, 2008 Meeting, the Board also accepted the resignation of Mr. Simon Wong from the Compensation Committee of the Board. Mr. John Clough replaced Mr. Wong as a member of the Compensation Committee. In addition, Dr. Raymond Ch’ien was elected to serve as a member of the Compensation Committee effective as of the close of the November 19, 2008 Meeting. Mr. Fred Wang remains a member and Chairman of the Compensation Committee.


Mr. Wong’s resignation from the Compensation Committee was not the result of any disagreements with the Compensation Committee, the Board or the Company regarding financial or accounting matters.

[MrBankRoll]

The CHINA PR machine has been eerily quiet as of late. Almost 3 weeks since the last one.......

[*MARINE 1*]

Alright CHINA
time to cough up the green and stay there!!

Change:+0.11 (14.47%)

[MrBankRoll]

Appears to have stabilized. Plenty of cash on hand. I doubt they'll go bankrupt. Just gonna take some time. If it comes out of this disaster like NTES did many years ago..... YeeeeeHaaaaaw! :~)

[Sultan]

In addition, the company has instituted a new corporate buy back 10b5-1 plan that went into effect November 10, 2008.

It should be interesting to find out, how many shares are authorized under this new plan..

[MrBankRoll]

CDC Corporation CEO Purchased 332,602 Company Shares since Beginning of Year

CDC Corporation, (NASDAQ: CHINA) focused on enterprise software and online games, announced today that it has repurchased a net amount of approximately 255,517 of its common shares at an average cost basis of (U.S.) $2.38 per share during the third quarter 2008. In addition, the company’s CEO also purchased a net amount of approximately 332,602 common shares at an average cost basis with commission of (U.S.) $3.35 per share since the beginning of the year through a personal 10b5-1 plan.

To date during 2008, the company repurchased a net amount of approximately 517,974 common shares at an average per share price of $2.64 per share. Since the beginning of CDC Corporation’s share repurchase program on May 2, 2006, the company has repurchased approximately 9.6 million shares at an average cost basis of $5.52. In addition, the company has instituted a new corporate buy back 10b5-1 plan that went into effect November 10, 2008.

"Even with the current volatility in the stock market, we continue to believe that our shares are undervalued by the investment community," said Peter Yip, CEO of CDC Corporation. "The Company's repurchase of shares demonstrates our ongoing confidence in the long-term strategy for CDC Corporation and its businesses. Despite the current market conditions, I am still very confident in our company’s long-term success so I personally plan to continue buying shares which I firmly believe are significantly undervalued by the market." Certain company directors and executives, including the CEO, have entered into 10b5-1 trading plans which facilitate the purchase and sale of the company's common shares and allow trading in the company's shares during trading blackout periods through pre-arrangements with a broker, based upon specified guidelines and parameters set forth in the trading plans.

[MrBankRoll]

CDC Corporation Increases Guidance for Second Half of 2008

CDC Corporation (NASDAQ:CHINA - News), a leading global enterprise software and new media company, today announced that, based upon preliminary financial projections and estimates, it has again increased its Adjusted EBITDA guidance for the second half of 2008 and now expects Adjusted EBITDA from continuing operations to be in the range of approximately (U.S.) $16.0 million to (U.S.) $18.0 million, an 88 percent increase based on the midpoint range from the guidance previously-issued back in August 26, 2008, where Adjusted EBITDA from continuing operations estimates were in the range of (U.S.)$8.0 million to (U.S.)$10.0 million.

“Despite the global economic slowdown and uncertain outlook, we are very pleased to substantially increase our previously-issued second half 2008 guidance for the second time in less than three months,” said Peter Yip, CEO of CDC Corporation. “Our confidence stems from the highly recurring revenue stream from our installed customer base, including maintenance revenues, the popularity of our existing and new online games and our successful cost-cutting initiatives launched earlier this year. We also believe that CDC is in a fortunate position to have significant cash and cash equivalent reserves to assist us during this difficult economic environment. In fact, as of September 30, 2008, we had in excess of (U.S.) $212.6 million in Non-GAAP Cash and Cash Equivalents. We remain cautiously optimistic with regard to our near-term prospects.” About CDC Corporation The CDC family of companies includes CDC Software focused on enterprise software applications and services, 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.

[Sultan]

Don't understand, why don't they spend 20-25m or so and reduce the shares outstanding tangibly.. Will make the difference in bottom line etc..

[MrBankRoll]

Aaaaaw Geeee! New lows. Under a buck. Wish they'd do something with the cash.....

[MrBankRoll]

10-27-2008 CDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, announced today its preliminary third quarter results will exceed Wall Street consensus estimates with revenue from continuing operations expected to be approximately (U.S.)$103.0 - 104.0 million, an increase of approximately 6 percent year over year, and adjusted EBITDA(a) from continuing operations estimated to be between (U.S.)$11.0 to (U.S.)$12.0 million. For the third quarter of 2007, the company generated total revenue of $98.5 million from continuing operations.

According to First Call, Wall Street consensus estimates for CDC Corporation’s third quarter 2008 are expected to be $100.6 million in revenue, and adjusted EBITDA of $4.3 million. This is the third consecutive quarter where CDC Corporation has reported quarterly results that have exceeded Wall Street consensus estimates.

“Our preliminary estimates for the third quarter have exceeded Wall Street expectations for the third consecutive quarter,” said Peter Yip, CEO of CDC Corporation. “We are especially proud to exceed expectations in this very difficult global economic environment. Some of our products, CDC Factory, CDC Supply Chain and CDC Respond, continued to perform strongly and achieved double digit license growth in the third quarter compared to the year earlier period. Specifically, these products help customers minimize the impact of recessionary conditions in their respective markets by helping them control the surging costs in commodities and transportation, as well as improve customer retention through improved management and analysis of complaints. CDC Software also continued to experience a high maintenance renewal rate that is above average for the industry.

“Our third quarter will also represent the third consecutive quarter of double digit sequential growth for CDC Games, primarily because of Yulgang’s continued strong popularity and contributions from Legend of Mir 3 after a major upgrade was released late in the third quarter. CDC Games achieved this growth despite the negative impact the Olympics had on the online games business in China for the third quarter.

"We are quite pleased with our margin expansion, too, which validates the success of our proactive cost-cutting initiatives executed over the last year. Since last year, we have been preparing for changes in the global business environment, and now we are weathering this downturn in the market well while maintaining our profitability and generating and preserving cash.” CDC Corporation will report Q3 2008 results on November 6, 2008.

About CDC Corporation The CDC family of companies includes CDC Software focused on enterprise software applications and services, 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.

Adjusted Financial Measures This press release discusses Adjusted EBITDA, which is not prepared in accordance with generally accepted accounting principles in the United States ("GAAP") (the "Non-GAAP Financial Measures"). Non-GAAP Financial Measures are not alternatives for measures prepared under GAAP. Our Non-GAAP Financial measures may also be different from non-GAAP measures used by other companies. Non-GAAP Financial Measures should not be used as a substitute for, or considered superior to, measures of financial performance prepared in accordance with GAAP.

Investors should be aware that Non-GAAP Financial Measures have inherent limitations, including their variance from certain of the financial measurement principals underlying GAAP, should not be considered as a replacement for GAAP performance measures, and should be read in conjunction with our consolidated financial statements prepared in accordance with GAAP. Also, Non-GAAP Financial Measures should not be construed as an inference that the Company's future results will be unaffected by similar adjustments determined in accordance with GAAP.

The estimates presented in this press release are preliminary. Adjustments to the estimates set forth in this press release may be identified as a result of, among other things, the company's audit process for the year ending December 31, 2008.

Reconciliation from GAAP EBITDA to Adjusted (Non-GAAP) EBITDA (in millions of USD): Q3 2008 GAAP EBITDA(b) 10.6 Add Back Restructuring and other charges 0.6 Add Back Stock Compensation Expenses 1.9 Subtract Capitalized Software Credit (1.1 ) Adjusted (Non-GAAP) EBITDA(a) 12.0 Preliminary, subject to change upon completion of quarterly review procedures and calculated based on the mid point of the range.(b) 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 our expectations relating to revenue and Adjusted EBITDA including the continued increase and amount thereof and other financial measures, our expectations regarding our ongoing cost savings efforts and the effects thereof, our beliefs regarding our future performance, including the generation of cash from operations, our beliefs and expectations regarding our business strategies, our beliefs and our customers’ beliefs regarding the functionality of our products, 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; (m) the ability of staff to operate the enterprise software and extract and utilize information from the company's enterprise software solutions; (n) the continued cooperation of our strategic and business partners; (o) risks relating to economic conditions and other matters beyond our control; (p) the risk that the preliminary financial results provided herein could differ from our actual results of operations and financial condition; and (q) the continued strength of revenues from our installed base customers. 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 on Form 20-F for the year ended December 31, 2007, originally filed with the SEC on June 30, 2008, and amended on September 15, 2008. 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.

[MrBankRoll]

Plenty of cash to weather the storm.......

“Also, the company continues to have significant reserves of non-GAAP cash and cash equivalents. For example, as we last reported on August 7, 2008, CDC Corporation finished Q2 2008 with non-GAAP cash and cash equivalents of more than (U.S.)$230 million and generated positive operating cash flow in both Q1 2008 and Q2 2008 of (U.S.)$5.3 million and (U.S.)$5.6 million, respectively. We believe we will continue to generate positive cash from operations. The company also believes it is in an extremely fortunate position to have such significant cash and cash equivalent reserves to assist us in weathering this difficult economic environment."

[MrBankRoll]

New shares are lookin' good!

[Sultan]

I hope to see serious insiders buys or serious buyback by the company considering where this is trading.. Under cash per share for god sake.. Truly pathetic if they don't step up to reduce shares significantly..

[MrBankRoll]

CDC Corporation Reiterates Second Half 2008 Guidance

CDC Corporation (NASDAQ:CHINA - News), a leading global enterprise software and new media company, today reiterated its second half guidance for 2008. On September 16, 2008, CDC Corporation announced that based on preliminary financial projections and estimates, the company expects Adjusted EBITDA for the second half of 2008 to be in the range of approximately (U.S.)$10.0 million to (U.S.)$12.5 million, compared to approximately (U.S.)$1.4 million for the same period in 2007. This previously issued guidance represented an increase of up to 25 percent over the amounts set forth in the company’s earlier guidance issued on August 26, 2008, which estimated that Adjusted EBITDA for the second half of 2008 would be approximately (U.S.)$8.0 million to (U.S.)$10.0 million.

“Despite the global economic slowdown and unfavorable foreign exchange rates, we are very pleased to reiterate our previously issued second half 2008 guidance, which was already an increase over our earlier guidance provided a few months ago,” said Peter Yip, CEO of CDC Corporation. “We remain cautiously optimistic with regard to our performance due to the fact that, among other things, we have a highly recurring revenue stream from our installed customer base, including our maintenance revenues.

“Also, the company continues to have significant reserves of non-GAAP cash and cash equivalents. For example, as we last reported on August 7, 2008, CDC Corporation finished Q2 2008 with non-GAAP cash and cash equivalents of more than (U.S.)$230 million and generated positive operating cash flow in both Q1 2008 and Q2 2008 of (U.S.)$5.3 million and (U.S.)$5.6 million, respectively. We believe we will continue to generate positive cash from operations. The company also believes it is in an extremely fortunate position to have such significant cash and cash equivalent reserves to assist us in weathering this difficult economic environment.

“Our singular focus continues to be our commitment to serving our customer base. As such, I have personally met with several key customers throughout the world. Customers have specifically told me that our solutions are helping them directly address the challenges of running their business in today’s very difficult business environment. For example, our CRM solutions are helping customers manage and retain their customers through improved customer service and increasing business transparency. Our manufacturing and supply chain customers are using our solutions as critical operating tools to help better manage their business and protect their margins due to surging costs in commodities, energy and transportation.” Q3 2008 Earnings Release CDC Corporation intends to report its Q3 2008 results in the first half of November 2008.

[MrBankRoll]

Only turd that didn't end above my purchase.

[MrBankRoll]

Picked up some more of this garbage this am.

[*MARINE 1*]

And the price was green as can be too.
Great gains imo!!!!!

[MrBankRoll]

08/25/2008 7:30AM BW CDC Provides Second Half of 2008 Total Revenue and Adjusted EBITDA Guidance, Exceeding Consensus Estimates

CDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, today announced that, based on its preliminary financial projections and estimates, the company expects total revenues for the second half of 2008, to be in the range of approximately (U.S.)$208 million to (U.S.)$210 million, compared to approximately (U.S.)$205 million for the same period in 2007 and above the Wall Street consensus of approximately $206 million. In addition, the company expects Adjusted EBITDA for the second half of 2008 to be approximately (U.S.)$8.0 – (U.S.)$10.0 million, which compares to Adjusted EBITDA of (U.S.)$1.4 for the comparable period in 2007 and Adjusted EBITDA of (U.S.)$5.1 million in the first half of 2008.

“Our two major divisions, CDC Software and CDC Games are growing, with impressive EBITDA growth,” said Peter Yip, CEO of CDC Corporation. “Currently, a large portion of our revenue at these divisions is recurring and our recent management alignment has resulted in a lower corporate overhead. We are cautiously optimistic about the second half of 2008, notwithstanding the difficult economic backdrop, as we believe we have adjusted our business model accordingly and we are focused on improving profitability, operating metrics and cash generation. In the second half of 2008, we expect to see an almost 100 percent improvement in our adjusted EBITDA from the first half of 2008.” About CDC Corporation The CDC family of companies includes CDC Software focused on enterprise software applications and services, 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.

[Sultan]

Good numbers after the close today.. I am reasonably sure, a year out this stock would be a lot higher.. % wise from here on, even if it is in single digit..

[MrBankRoll]

A confident CEO. Peter has darn near put a million of his own bucks into it since the beginning of the year.....

08/05/2008 @ 5:00PM

CDC Corporation Provides Update on Share Repurchase and Insider Buying

CDC Corporation (NASDAQ: CHINA), focused on enterprise software and online games, announced today that in the second quarter of 2008, through its share repurchase program, the company has repurchased 262,457 shares of its common stock at an average cost basis of (U.S.)$2.90. Since the end of the second quarter, the company has also repurchased an additional 209,517 shares of its common stock through its share repurchase program at an average cost basis of (U.S.)$2.39. Since the inception of the company's stock buy back program in April 2006, it has repurchased a total of 9.5 million shares of its common stock at an average cost basis of (U.S.)$5.53.

In addition, Peter Yip, the company’s CEO, has purchased a net additional amount equal to 268,000 CDC Corporation common shares at an average cost basis of (U.S.)$3.55 (including commissions), since January 3, 2008.

“I continue to believe that our shares are undervalued and I have personally purchased shares during periods when the trading window has been open, as well as through existing trading plans,” said Peter Yip, CEO of CDC Corporation. “The Company has a strong balance sheet. Additionally, we previously reported (U.S.)$229.2 million in non-GAAP cash and cash equivalents as of March 31, 2008 and reported (U.S.)$5.3 million in GAAP operating cash flows in our Q1 2008 earnings release. I am confident in CDC’s ability to demonstrate continued improvement in its key operating metrics for the second half of 2008.” About CDC Corporation The CDC family of companies includes CDC Software focused on enterprise software applications and services, 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.

[florida135]

Sultan can't advise you on this one. Been out of it for a while now. I'm in SIRI, which hasn't been doing too well lately, but hopefully it will bounce back at some point. Regards,Florida

[Sultan]

I have not been watching CHINA news release regularly and it seems they have had quite a few positive ones that I missed altogether in this lousy market.. Holding all my shares and am now thinking of adding some more..

[curious investor]

News out!

CDC Estimates Second Quarter of 2008 to Beat Consensus Estimates
8:53a ET July 15, 2008 (Business Wire)
CDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, today announced preliminary revenues for Q2 2008. CDC Corporation, based upon preliminary financial information, anticipates total revenue for Q2 2008 to be between approximately (U.S.)$107.3 -108.5 million, which would represent an increase of 9-10 percent from (U.S.)$98.3 million in Q1 2008 and would be a record second quarter for the company. This anticipated revenue range for Q2 2008 exceeds the Wall Street consensus estimate of $102.9 million. This includes license revenues of approximately (U.S.) $14.2 - $14.7 million, up from (U.S.)$12.3 million in Q1 2008, and higher than the consensus estimate of approximately $13.0 million.

CDC Corporation also anticipates an improvement in its adjusted net income and in its adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, including stock based compensation) for Q2 2008 compared to Q1 2008. During the second quarter of 2008, CDC Software implemented several cost reduction measures, in addition to those previously completed, such as reducing facilities and related administration expenses, eliminating redundant and non-essential positions and accelerating integration of past acquisitions. These cost reductions implemented toward the end of the second quarter of 2008 are expected to yield additional annual savings of approximately (U.S.)$15 million. Total cost reductions undertaken over the last 12 months are expected to yield approximately (U.S.)$31 million annually.

"We are very pleased that our expected Q2 2008 revenues and profitability will exceed Wall Street consensus estimates for the second consecutive quarter," said Peter Yip, CEO of CDC Corporation. "Despite the downturn that has been impacting the broad economy, we are pleased to see total revenue growth from our first quarter of 2008 and achieve an anticipated all-time record for total revenues in the second quarter. We plan to continue to improve our operating metrics with consistent execution quarter over quarter and we are very focused on cash preservation and cash generation.

"The second quarter's results were led by strong performance at CDC Software and CDC Games," continued Yip. "Both divisions are anticipated to post record quarterly revenues, and total revenues are expected to exhibit at or near double digit sequential improvement relative to the first quarter of 2008. CDC Software saw robust results from its CDC Supply Chain and CDC Factory product lines. We anticipate the continuation of these trends, given that, with rising transportation, fuel and commodity costs, CDC Factory and CDC Supply Chain are strategically positioned to provide new and existing customers with the critical tools they need to better manage their own internal costs in this highly inflationary and difficult environment. Despite our cost reduction efforts, we expect to continue to maintain our healthy research and development budget within CDC Software to ensure we maintain our competitive advantage relative to enhanced product functionality and our highly differentiated vertical expertise.

"In addition, in the second quarter, we saw robust growth in our China-based businesses, with CDC Games expected to deliver a double-digit increase in revenues. We also have an exciting roll-out schedule of new game launches planned for the second half of the year. Overall, we are confident that we have taken the steps necessary to manage our cost base in anticipation of an on-going difficult operating environment and look for improving operating metrics and profitability going forward. As a result, we are cautiously optimistic about the improving prospects for CDC Corporation."

Q2 2008 Earnings Release

CDC intends to report full Q2 2008 results in the first half of August 2008.

About CDC Corporation

The CDC family of companies includes CDC Software focused on enterprise software applications and services, 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 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), CDC Supply Chain (supply chain management, 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, 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) and is ranked number 12 on the MBT 2007 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com.

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 Games

CDC Games is one of the market leaders of online and mobile games in China with more than 140 million registered users. The company pioneered the "free-to-play, pay-for-merchandise" online games model in China with Yulgang and launched the first free-to-play, pay for merchandise FPS (first person shooter) game in China with Special Force. Launched in July 2007, Special Force has consistently ranked in the Top 10 downloaded games in China and becoming the top revenue producer for CDC Games. Currently, CDC Games offers six popular MMO online games in China that include: Special Force, Yulgang, Shaiya, 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. Through its CDC Games International (CGI) subsidiary, the company launched a long-term strategy to be a global publisher of MMO games. As part of this long term strategy, CDC Games launched the www.12FootTall.com portal to showcase online games and related content in North America. 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 our range of anticipated revenue and license revenue for Q2 2008 as well as our expected improvement in adjusted net income and adjusted EBITDA, our expectations to post record quarterly revenues and exhibit double-digit sequential improvements relative to the first quarter of 2008, our expectations regarding the yields of our current, past and planned cost savings measures, our plans to continue improving our operating metrics, consistently execute our plans quarter over quarter and focus on cash preservation and cash generation, our expectations regarding the continuation of sales performance trends for CDC Factory and CDC Supply Chain, our expectation to continue to maintain our research and development budget within CDC Software to help ensure we maintain our competitive technological advantage and our vertical expertise, our beliefs regarding the components of our Q2 2008 performance and the continuation of trends relating thereto, our beliefs regarding our future prospects, our intentions regarding the timing of our Q2 2008 earnings release, our beliefs regarding the strength of our installed base customers and sales, our beliefs regarding customer preferences, our beliefs regarding our position and ability to continue our growth strategy and continue to see improvements in operating margins, our beliefs regarding our past and present cost savings initiatives, including restructurings and headcount reductions, and the effects thereof, including effects on out financial performance and 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; (m) the ability of staff to operate the enterprise software and extract and utilize information from the company's enterprise software solutions; (n) the continued cooperation of our strategic and business partners; (o) risks relating to economic conditions and other matters beyond our control; (p) the risk that the preliminary financial results provided herein could differ from our actual results of operations and financial condition; and (q) the continued strength of revenues from our installed base customers.. 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, 2007 on Form 20-F filed on June 30, 2008. 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

CDC Corporation Investor Relations Monish Bahl, 678-259-8510 [e-mail] or Media Relations Lorretta Gasper, 678-259-8631 [e-mail]

[MrBankRoll]

The CHINA PR machine continues to struggle........

[EZ2]

The stock is gettin' some RELIGION !!!

Press Release Source: CDC Software

CDC Software's Pivotal CRM Helps Evangelical Christian Credit Union Improve Collaboration and Increase Client Acquisition and Retention
Tuesday June 3, 7:40 am ET
Pivotal CRM Delivers 360 Degree View of Member Information So Evangelical Christian Credit Union Can Provide More Personalized Service, Improve Business Analysis, and Deepen Its Client Relationships


ATLANTA & HONG KONG--(BUSINESS WIRE)--CDC Software, a wholly-owned subsidiary of CDC Corporation (NASDAQ: CHINA - News) and a provider of industry-specific enterprise software and services, announced today that Evangelical Christian Credit Union (ECCU) has increased client retention and acquisition, and improved collaboration and communication after implementing Pivotal CRM for Financial Services.

“We’ve recognized that our success is dependent upon our ability to strengthen and retain relationships with our existing customers,” says Alan Weisenberger, ECCU’s vice president of technology services. “Pivotal CRM gives us a platform to help enable every interaction, from acquisition through the entire customer life-cycle to deliver consistently on our brand promise. We gain insights through the Pivotal system that allow us to understand our customers more fully, serve them better, and thus establish loyalty so we can retain them longer. Also, that same comprehensive view of the customer enhances our customer acquisition processes by helping us understand important factors like share-of-wallet and network relationships.”

ECCU is a banking resource for churches, Christian schools and other evangelical ministries throughout the U.S. Although ECCU primarily serves organizations rather than individuals, many of its individual members are also part of one or more of these organizations, and many of the organizations have ties to each other. As a result of these complex, multi-layered interconnections, as well as ECCU’s rapid growth, the credit union knew it needed an industry-specific technology for more effective management of their customer relationships.

After a thorough search of the CRM market, ECCU determined that Pivotal CRM for Financial Services could better support the commercial orientation of the credit union and manage the complex member relationships without significant customization. “The out-of-the-box functionality for commercial banking significantly reduced the need for customization. The rich functionality in addition to the ease and flexibility of Pivotal CRM helped us achieve almost 100% user adoption very quickly,” said Weisenberger.

Furthermore, by implementing Pivotal CRM for Financial Services, ECCU has improved collaboration and communication in and among its front-line sales force, as well as a variety of sales support users making it easy for any user to go into the system and see the status of a transaction. Now, ECCU’s mobile sales people can access information at their own convenience, sitting in a hotel room, for example, rather than emailing an in-house support person and waiting for a response, which might not arrive until the next morning.

Management at ECCU also benefits from Pivotal CRM. “With Pivotal CRM, our sales management has one place to go to assess the status of our sales pipeline at the enterprise level, by individual sales rep, or various other criteria. We can see trends on a chart and drill down to see the specific opportunities that make up the projected numbers,” said Weisenberger.

Weisenberger concluded, “Pivotal CRM is a vital part of our credit union’s future growth. Without Pivotal CRM, we believe we would be constrained in our ability to acquire new customers and provide the personalized services needed to delight and retain our current customers.”

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 Evangelical Christian Credit Union

ECCU began operations as the Conservative Baptist Credit Union of Southern California, merging with the Association of Christian Schools International Credit Union in 1984 and broadening its field of membership to become ECCU. Since that time, it has continued to grow at a rapid pace, today employing approximately 300 people and representing nearly $3 billion in total assets under management.

ECCU is the banking resource for churches, Christian schools, and other evangelical ministries nationwide. They also serve missionaries in more than 100 countries around the world. While its business focus is providing financial services to evangelical organizations, the credit union does provide personal banking services such as savings and checking accounts to individual members and their families. For more than 40 years ECCU’s members and employees have shared a commitment to the mission of making evangelical Christian ministries more effective.

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), CDC Supply Chain (supply chain management, 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 (NASDAQ: CHINA - News) and is ranked number 12 on the MBT 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 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 our beliefs regarding the capabilities of Pivotal CRM for Financial Services and benefits of using it, including increases in service levels, customer retention, customer acquisition, increased collaboration and strengthening relationships, clarity of information and insight, better understanding of customers and their needs, the flexibility, ease of use and user adoption of Pivotal CRM for Financial Services, beliefs regarding the contribution of Pivotal CRM to future growth of an organization, beliefs regarding factors for success in the credit union industry, and the ability of Pivotal CRM to address the needs of organizations 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 continued ability of Pivotal CRM solutions to address requirements of non-profit organizations; demand for and market acceptance of new and existing CRM solutions; development of new functionalities which would allow organizations to compete more effectively and changes in the type of information required to compete in their respective industries. 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
[e-mail]
or
Articulate Communications Inc.
Media Relations:
Kate Corcoran, 212-255-0080, ext. 18
[e-mail]

--------------------------------------------------------------------------------
Source: CDC Software

[florida135]

Sultan, what you say makes sense. The fact that this stock has been knocked down this far, leaves us a lot of room to move back up. So far today, there's been some buying pressure for a change. What I would like to see is a little more volume as it moves up. If this happens,this could be a longer run than just a couple of days. We'll have to watch how this thing plays out. Regards, Florida

[Sultan]

Let's see if this does anything.. The fact that china.com decided not to buy does not bother me all that much..

But seems to me only way share price will recover going forward is if they manage to improve the margins and deliver strong cash flow.. Valuation is low but market does not care..

[EZ2]

Mr. Schmuck !!!

[florida135]

Here it is !!! Florida: CDC Corporation and Its Chief Executive Officer Commence Previously-Announced Share Repurchase Initiatives
Thursday May 29, 7:30 am ET


SHANGHAI & ATLANTA--(BUSINESS WIRE)--CDC Corporation (NASDAQ: CHINA - News), a leading global enterprise software and new media company, announced today that, as its trading window is now open, the company and its CEO, Peter Yip, have established Rule 10b5-1 trading plans with respect to the repurchase, and purchase, of the company’s common shares.
ADVERTISEMENT


“We continue to believe that our shares are undervalued by the investment community,” said Peter Yip, CEO of CDC Corporation. “The Company’s share repurchase plan demonstrates our ongoing confidence in our long-term strategy for the company, and I have personally instituted a purchase plan, as well.”

In addition, the minority shareholders of China.com Inc., a majority-owned subsidiary of CDC Corporation, did not approve the previously-announced proposal for China.com to acquire up to (U.S.)$10 million of CDC shares.

About CDC Corporation

[onthelak42]

I am all ears. Been holding cdc for a long time. Any insight my help.

[florida135]

Sultan, I'm not a paid subcriber either, so I guess it can't be done. Let me think about sharing something with you, as we do seem to be the only ones on this board still holding shares in CHINA.My preference would be an e-mail rather than a message board, we'll see. Regards, Florida

[Sultan]

Don't have PM facility here since I am not a full subscriber.. Are you on SI ? .. If not, please feel free to ask anything here since don't look like any one else hold these shares.. Not a busy thread.. Just us schmucks.. lol..

[florida135]

Sultan, could you message your e-mail adress to me. I would like to contact you regarding this subject. Thanks, Florida

[Sultan]

I have no idea whether some thing like this work or not.. I have seen this mentioned on different stock threads at one point or another but I have never bothered to actually try this any of the stocks that I own..

[florida135]

Re: CDC mgmt pulling CHINA down by buyback 54 minutes ago You must call your broker to place an open order to sell your stock at higher price. By doing this your stock that was borrowed for short sale must be covered and returned to your account.
IF EVERYBODY ON THIS BOARD DOING THIS MONDAY MORNING, YOU WILL NOTICE THAT CHINA SHARES WILL START GOING UP SINCE SHORTS WILL BEGIN COVERING THEIR POSITION AND RETURNING THE SHARES.
I WROTE ABOUT THIS SITUATION FEW DAYS AGO, BUT THERE WAS NO ACTION TAKEN NOR ANY RESPOND.
MAKE SURE TO SPREAD THE WORD TO ALL INVESTORS SO WE WILL ALL BENEFIT.
REMEMBER, IF YOU PLACE AN OPEN ORDER TO SELL YOUR SHARES, BY LAW THOSE SHARES CAN NOT BE BORROWED FOR SHORT SALES. YOU CAN PUT ORDER TO SELL AT MUCH HIGHER PRICE SO IT WILL NEVER GET THERE LIKE 12 OR 15. Rating : From the Yahoo msg. board. Could this really work ????? Florida

[florida135]

Press Release Source: CDC Corporation


CDC Corporation to Continue Share Repurchase Initiative
Thursday May 22, 7:30 am ET
CDC Corporation Intends to Implement a New 10b5-1 Trading Plan and China.com Minority Shareholders to Vote on Repurchase of up to $10 Million of CDC Shares


ATLANTA & BEIJING--(BUSINESS WIRE)--CDC Corporation (NASDAQ: CHINA - News), a leading global enterprise software and new media company, today announced its intent to implement a new 10b5-1 trading plan to repurchase additional CDC shares after the company’s trading window opens. Additionally, China.com, a majority-owned subsidiary of CDC Corporation, has recommended that its minority shareholders approve a plan to acquire up to (U.S.)$10 million of CDC shares. The shareholder vote is expected to take place on Tuesday, May 27, 2008. Also during 2008, China.com has repurchased approximately 19.6 million of its own shares, which trade on the Growth Enterprise Market of the Stock Exchange of Hong Kong. Shares of CDC Corporation that are purchased by its subsidiaries are not included as part of the company's authorized repurchase program. "This might be the answer"!!!!!! Florida

[florida135]

Hello Sultan: It's reassuring to hear that their buyback plan will continue. What I told their P.R. man, was that this stock needs help "right now", and it might be a good idea for the company to announce they're in the process of buying these shares soon, or, let the folks know just when they might begin purchasing them again. If nothing else it might prevent some of this selling.People already in this stock need some reassuring right now. What better way to regain shareholder confidence, than to aggressively start buying up shares, when most folks are selling them. Just my opinion of course. Regards, Florida

[Sultan]

FWIW..

I own a ton of CHINA as EZ knows.. It has been a huge disappointment last 15 months and my position is quite under water since I added some around 8-10 range late last year.. But I have also added recently in 3+ range..

Having said that I am not worried about this stock at this point if one has staying power.. It may not get back to double digit any time soon but from valuation perspective it is cheap.. They do have to start delivering on net income on improved margin but if that happens, I can see this stock heading back to 7-10 range in a year or so..

Pissed but intend to hold..

p.s. I have no doubt the company will start buying the shares since management has a lot of their fortune riding on company share price..

[EZ2]

Ironically.....almost exactly a YEAR ago (you can trace the share price since)........but, "buybacks" with CHINA do not seem to mean much............

" the company has repurchased an additional 505,018 common shares at an average price of US$8.67 per share for a total of US$4,379,050 since the board of directors approved an additional share repurchase program on May 2, 2007."

#msg-19943726

[florida135]

Thanks for your reply EZ. Since my shares were bought above the current market price, I will have to be alert as to what my next move should be. Any input is appreciated. Regards, Florida

[EZ2]

Not sure what is driving (or/not driving) the action today.....although broader markets seem to be getting
lots of pressure from LOW volume (bears controlling)
going into holiday week.

As mentioned, over the years, I have communicated a
number of times.....most of which were w/ Monish.

Although I found him to be timely, polite and responsive.....
I also found that direct answers to questions like that ie.
specific buyback date(s) ----------- DID NOT get any response.

However, I would encourage you (and others) to keep the communication lines open......can't hurt.

Sorry....wish I had more insight, but CHINA (the ticker) is just not on my radar screen much anymore.

EZ

[florida135]

EZ, since you've been in this stock much longer than I have, and seem to have a pretty good read on this company, have you noticed that so far today the stock has refused to go below 3.28. It's tested that price twice so far, and somebody just keeps taking all the shares sold at that level. Could you give us your read on this???? And, do you think the company will respond to the requests for some news on just when they will resume buying back more shares? Thanks for your input, Florida

[EZ2]

I have conversed with Monish several times over the years.....he's pretty good at replying in a timely fashion.

fwiw ~~~~ love my PAL !!!