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Think CHINA at 4 is no brainer for next year but I am already in from much higher prices.. lol..
If you liked it at 7 ~~~~ gotta love it a $3+ !!
Right ???
Well..........then again ~~~ this sort of reminds
me of my HRCT holding$$$$$$$
Hey, HAPPY HOLIDAYS and a very MERRY CHRISTMAS to
you!!! Even though HRCT and CHINA were not kind
to us.....I'm holding out hope Santa will make it up!!
Hope 2008 is your VERY BEST ever too !!!!
EZ
Wow! New 52 week low of $3.69. Didn't take long to cut the value of my new shares in half. By far the biggest loser in my portfolio now. :~(
Press Release Source: CDC Software
CDC Launches Sales of Pivotal CRM in India Through Its Franchise Partner Program
Tuesday December 18, 7:30 am ET
Leading India-Based Person-to-Person Outsourcing Services Company to Implement Pivotal CRM
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 launch of Pivotal CRM sales in the India market through its new franchise partner, CDC CRM Solutions Private Ltd.
As previously announced, CDC Software earmarked $20 million for investment in channel partners worldwide. CDC Software has taken a 19 percent ownership stake in CDC CRM Solutions Private Ltd. and the company will exclusively sell Pivotal CRM in India.
CDC CRM Solutions has successfully completed its first sale of Pivotal CRM to TTK Services, a leading person-to-person outsourcing company headquartered in Bangalore, India. TTK Services is part of TTK Group of India, a 77 year old diversified conglomerate. TTK Services is a pioneer in the person-to-person outsourcing industry through two brands called, “YourManInIndia,” a complete concierge service that manages tasks in India on behalf of their expatriate India clients and “GetFriday,” a virtual assistance service that helps clients worldwide with a variety of tasks such as research, web monitoring, making appointments and even providing wake-up calls.
Pivotal CRM is one of the most comprehensive enterprise CRM solutions on the market today and is widely deployed in the services industries where clearly differentiated customer experiences are critical to a company’s competitiveness. The Pivotal CRM solution covers the full spectrum of Customer Lifecycle Management that includes sales, marketing, service automation, partner management, and analytics with access available over the web, portal solutions, PDAs, SmartPhones, Blackberry devices and mobile phones. Pivotal CRM provides comprehensive industry-specific functionality along with a flexible architecture to quickly replicate unique business processes for a customer thereby reducing deployment time and total cost of ownership.
"Companies can leverage Pivotal CRM to help optimize efficiencies, enhance customer service, improve brand loyalty and accelerate business growth,” said Nagaraja Prakasam, managing director of CDC Software’s operations in India. “We expect that Pivotal CRM will not only help TTK Services accomplish these results, but also build competitive advantage in their industry.”
Shubho Bhattacharya, chief executive officer of CDC CRM Solutions Pvt. Ltd, said, “As the franchise partner of CDC Software in India, we are excited about the many new opportunities we are seeing for Pivotal CRM in our country. As the CRM market in India matures, we believe a system that can be deployed quickly, provide flexibility to change as the business grows, and provide immediate access to critical customer information via the Internet, PDAs, Smartphones and mobile phones, will enjoy success in this market. We are exclusively selling Pivotal CRM because we believe Pivotal CRM is clearly the best solution for businesses in India.”
Sunder Prakasham, director, TTK Services Pvt. Ltd. said, “We have different business units targeting different clientele and each of them has unique business process. The ability to adjust our service offering according to changing customer needs and dynamic business environments will be a key competitive differentiator for the future. Our company is also focused on creating a knowledge base and improving the efficiency of our sales cycle. We selected Pivotal CRM because the system meets all of our criteria.”
About Pivotal CRM
Pivotal CRM helps organizations create superior customer experiences and offers rich functionality, a highly flexible application platform, a full customer relationship management application suite, and best-in-class customization abilities, all with a low total cost of ownership. 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. For more information about Pivotal CRM, please visit www.pivotalcrm.com.
About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), CDC Supply Chain (supply chain management, warehouse management and order management), Pivotal CRM and Saratoga CRM (customer relationship management), Respond (customer complaint and feedback management), c360 CRM add-on products, 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 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 acquisition of an equity stake CDC CRM Solutions Private Ltd., development of CDC Software's Franchise Partner Program, the exclusivity of sales efforts in India, TTK Services status as a pioneer in the person to person outsourcing industry, the ability of Pivotal CRM to replicate unique business processes for a customer and its ability to reduce deployment time and total cost of ownership, the benefits that may be received by companies utilizing Pivotal CRM, our expectation that Pivotal CRM will help TTK Services accomplish certain goals and build a competitive advantage, the belief of what criteria are needed for a CRM solution to be successful in the India market, the belief that Pivotal CRM is the best solution for businesses in India, 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: the ability to make changes in business strategy, development plans and product offerings; the ability to identify and enlist additional partners in the Franchise Partner Program and the development of the enterprise software sector on a global scale. 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
Media Relations:
Articulate Communications, Inc.
Kate Corcoran, 212-255-0080, ext. 18
kcorcoran@articulatepr.com
--------------------------------------------------------------------------------
Source: CDC Software
CDC Falls for Second Day After 3Q Loss
Monday December 17, 3:06 pm ET
CDC Shares Decline for Second Day in Wake of 3rd-Quarter Loss Report
NEW YORK (AP) -- Shares of CDC Corp. fell to a new year low Monday as analysts and investors reacted to the Chinese software and gaming company's Friday report of a third-quarter loss.
CDC shares lost 41 cents, or 9.8 percent, to $3.77 in Monday afternoon trading.
On Friday the company said it swung to a third-quarter loss on declining game and mobile application revenue, sending its shares down 20 percent.
In a note to clients Monday, JMP Securities analyst Patrick Walravens lowered his price target for the stock to $7 from $9.50 and cut his 2008 revenue estimate for CDC Games to $20 million from $60 million.
Walravens called CDC's third-quarter results "solid on the software side but very disappointing in the online gaming business."
Also Monday, Cantor Fitzgerald analyst Mark Verbeck cut his price target for CDC shares to $7 from $11.
"We are basing our valuation primarily on the software business alone and leaving aside the mobile, Internet and games businesses which have uncertain worth, in our view," Verbeck said.
Verbeck kept his "Buy" rating for the stock.
and, one other that has some merits:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25268195
Charlie Munger's 10 Rules for Investment Success
http://www.fool.com/investing/general/2007/12/13/charlie-mungers-10-rules-for-investment-success.aspx
Morgan Housel
December 13, 2007
Those of you lucky enough to attend a Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) annual shareholder meeting have undoubtedly heard Charlie Munger say, "I have nothing to add."
In reality, the guy has quite a bit to add. Thankfully for us, Munger is almost as forthcoming with his investment thoughts as his pal Warren Buffett. In his must-read book, Poor Charlie's Almanac, Munger puts forth a 10-step checklist that even the most inexperienced investors could benefit from.
1. Measure risk
All investment evaluations should begin by measuring risk, especially reputational.
It's crucially important to understand that from time to time, your investments won't turn out the way you wanted. To protect your portfolio, don't set yourself up for complete failure in the first place. Giving yourself a large margin of safety, avoiding people of questionable character, and only taking on risk when you can be sure you'll be satisfactorily rewarded are all steps in the right direction. Companies like Chipotle (NYSE: CMG) might have perfectly bright futures, but when their shares are priced for perfection, they might nonetheless prove too risky for savvy investors.
2. Be independent
Only in fairy tales are emperors told they're naked.
With stockbrokers often rewarded for activity, not successful investments, it's critically important to make sure you believe that what you're doing is right. Chasing others' opinions may seem logical, but investors like Munger and Buffett often succeed by going against the grain. Big Berkshire investments such as Coca-Cola (NYSE: KO), and more recently Petrochina (NYSE: PTR), were largely ignored by the masses when they were first made.
3. Prepare ahead
The only way to win is to work, work, work, and hope to have a few insights.
It shouldn't surprise you that the best investments aren't the ones we typically read about in the paper. The diamonds in the rough are out there, but finding them requires effort. Buffett reads thousands of annual reports to cultivate ideas -- even if he only comes up with a few candidates each year. Munger advocates a constant curiosity for nearly everything in life. If you never stop asking the "whys" in what you do, you won't have trouble staying motivated.
4. Have intellectual humility
Acknowledging what you don't know is the dawning of wisdom.
Perhaps most crucially to Berkshire's success, its leaders never stray away from their comfort zones. In investing, a clear idea of what the business will look like in the future counts most. If you struggle to comprehend what the business does today, you might as well be throwing darts. While companies like Google (Nasdaq: GOOG) and Boston Scientific (NYSE: BSX) are certainly titans in their own right today, they might look drastically different in five to 10 years.
5. Analyze rigorously
Use effective checklists to minimize errors and omissions.
The numbers don't lie. When researching investments, Buffett and Munger like to try to estimate the security's worth before they even look at its price. They are businessmen, not stock-market junkies. They focus their brainpower on the value of businesses, not convoluted economic forecasts or intricate market-timing techniques. Munger is incredibly brilliant, but the analytical rigor of his investment decisions is based around simplicity, not complexity.
6. Allocate assets wisely
Proper allocation of capital is an investor's No. 1 job.
In the early days of Munger's investment partnership, he held very few securities. When good ideas came, he poured significant capital into them; otherwise, he simply enjoyed the California sun. The amount of money employed in each of your investments should relate directly to its attractiveness. When you find a great investment, don't be afraid to bet big on it.
7. Have patience
Resist the natural human bias to act.
Munger said it best himself: "Half of Warren's time is sitting on his ass and reading; the other half is spent talking on the phone or in person to a highly gifted person that he trusts and trust him." While it can be tempting to jump in and out of the market, true fortunes are made from big commitments in quality companies, held indefinitely. When you're done with that, find a hobby. Spending all day watching stock tickers won't do you much good.
8. Be decisive
When proper circumstances present themselves, act with decisiveness and conviction.
This also goes back to not following the herd. When others are jubilant, you should be scared, and vice versa. Don't let others' emotions sway you; the market masses should help you find opportunities in their absence, not guide you down their own path to mediocrity.
9. Be ready for change
Accept unremovable complexity.
Investing success requires us to accept inevitable changes. Munger and Buffett hated railroads for decades, but as the times changed, they threw their old thoughts out the door and invested billions. The world around us won't always conform to our preferences and prejudices, and sometimes our best ideas will prove incorrect. If you aren't willing to roll with a changing market, you may find yourself fighting a lost cause.
10. Stay focused
Keep it simple and remember what you set out to do.
In chasing little, unimportant things, we often overlook huge and critical factors. But by keeping it simple, we can fixate on what really matters: buying good companies at a good price, and holding them until they're fully priced.
Charlie Munger often gets overshadowed by his more famous partner, but don't assume that's any reflection of Munger's own genius. He's undoubtedly been a guiding light for Buffett himself, and by any count, he should go down as one of the greatest investors of all time.
For related Munger-esque Foolishness:
Munger on Human Misjudgements
The Best of Charlie Munger
Munger Goes Mental
Thanks.. Same to you..
I am now overloaded on things that are trading around 52 week lows and in some case multi year lows so there is hope yet for 2008.. But no doubt I need to learn couple of new tricks.. Like dealing with multiple time frames for holding and trading and NOT letting solid profits turn into sure losses..
yup, our hopes for a Santa Claus rally are not good.
I hope 2008 is one of your BEST ever !!!
EZ
Not helping in this environment obviously.. 2007 has turned into one lousy year and can't wait for it to be over.. Tax loss selling makes it worse.. CHINA just one of many debacles.. :o(
COVERAGE REITERATED: CDC Corp (CHINA) reiterated by Cantor Fitzgerald. Reiterated rating Buy.
--------------------------------------------------------------------------------
Briefing.com
06:34 a.m. 12/17/2007
COVERAGE REITERATED: CDC Corp (CHINA) reiterated by JMP Securities. Reiterated rating Mkt Outperform.
--------------------------------------------------------------------------------
Briefing.com
06:34 a.m. 12/17/2007
Market Spotlight: Chinese Online Gaming
Friday December 14, 12:04 pm ET
By Rachel Metz, AP Business Writer
Increase in Internet Access, User Diversity Helping Chinese Online Gaming Market Blossom
NEW YORK (AP) -- Fueled by rising Internet access and an increasingly diverse user base, the Chinese online gaming market is booming, and analysts think steady growth will keep it healthy for years to come.
About 43 million to 45 million people currently play multiplayer online games in China, said Pali Capital analyst Tian X. Hou.
These make up the vast majority of China's online gaming space, while casual games, which are more individual-focused and simpler, make up the rest.
Revenue from online multiplayer games has grown over 25 percent annually in the past few years, Hou said, and the games are on track to bring in $1 billion in China this year.
Andrey Glukhov, an analyst with Brean Murray Carret & Co., thinks China's total online gaming market could grow to about $2 billion by 2010.
"The established players in this market generate very, very, very nice cash flows," Glukhov said.
Companies -- some of whom license and run games, some of whom develop and run their own, and some of whom do all three -- are also betting growth will continue. Since July, Chinese online gaming companies Perfect World Co. Ltd. and Giant Interactive Group Inc. have joined a swelling crop of companies like The9 Ltd. and Netease.com Inc. that are trading publicly in the U.S.
The number of games has risen, too, and Susquehanna Financial analyst C. Ming Zhao said those developed in the country have started to dominate.
"The imported games, their market share is smaller and smaller," Zhao said.
There are plenty of potential customers in China to stoke this growth. According to Hou, a little less than 12 percent of people in China have stable Internet access, but she and others expect this number will rise and more consumers will join the fray.
Analysts attribute online gaming's rise in China to other factors as well, citing a lack of entertainment options and a culture that values group entertainment and mental challenges.
The relative cost of these games is also a factor, even as disposable income is growing in China. Many Chinese operators run free-to-play games, which mean users pay for things like items within a game that enhance and expand the experience. A user might spend $40 on a year's worth of online gaming, Hou said, rather than spending hundreds on a console system and games to go with it.
"From a cost and benefit point of view, online games have a better payoff," she said.
And while online game companies still have plenty of room to grow in China, many of these companies are expanding outside the country as well.
One aiming at the U.S. market is CDC Corp.'s online gaming business, CDC Games, which launched CDC Games USA in August.
Hou thinks American entertainment and gaming companies would be well-served by cooperating with Chinese gaming companies.
Referring to companies like Netease and Giant Interactive, Hou said, "we should really expect them to come to the U.S. one day."
Listened to the cc.. I will continue to hold.. clearly it has been a disappointment and some of it came thru on the cc.. dispute re. the game and lack of guidance due to curve out and the miss all weighing on the stock.. and it sounded like management realizes the stress points..
But considering where this stock started in january a lot of tax loss selling is happening today as well and will continue probably.. I expect recovery to 5-6 area in couple of months but a more definite date on curve out or reinstatement of the guidance is needed to reassure share holders..
Ouch! That sux! Might have to average down again at .0001! lol!
I'm out !
GLTY !!
Not too good.. I guess management has not been able to deliver on a lot of promises this year.. now one of my bigger losers since it is also one of my largest position having given back all profits and mistake of buying at much much higher prices during summer and later contributing to it.
Only hope here is next year.. and being a tax loss month selling is now pushing this down.. :o(
CDC Swings to 3Q Loss on Games Decline
Friday December 14, 9:37 am ET
CDC Swings to 3Q Loss on Decline in Video Games and Cell Phone Downloads
ATLANTA, Ga. (AP) -- Chinese software company CDC Corp. said Friday it swung to a third-quarter loss on a decline in sales of its video games and mobile phone downloads.
The company lost $7 million or 6 cents per share, compared with a profit of $3.2 million or 3 cents per share in the same quarter last year.
Excluding depreciation, amortization and other one-time items, the company earned $5.3 million, or 4 cents a share, compared with $10.1 million or 9 cents per share last year.
Revenue rose 27.9 percent to $100 million from $78.2 million in the same quarter last year.
Analysts, on average, were expecting earnings of 8 cents per share on revenue of $100.7 million, according to a poll by Thomson Financial.
The company said it had a 23 percent sales decline in its video game sector because of pirating and a dispute with a game development and server company.
It said its mobile download business dropped 58 percent as the cell phone industry was hurt by regulatory changes.
the end!
CDC CORPORATION CL-A (NasdaqGM:CHINA)
Pre-Market: 4.85 -0.41 (7.79%) as of 9:03AM ET on 12/14/07
lowline!! ~~~
Net loss in Q3 2007 was (U.S.)$7.1 million compared to net income of (U.S.)$3.2 million in Q3 2006. The drop in net income was primarily due to lower revenues of CDC Games and CDC’s MVAS business. In addition, the third quarter results were also affected by several one-time items including the following:
Sale of Ion Global – gain of $6.3 million
CDC Software restructuring – charge of $1.6 million
CDO (collateralized debt obligation) write-down – charge of $6.6 million
Pivotal lease restructure – gain of $3.8 million
Adjusted net income (a) for CDC Corporation was (U.S.)$5.3 million for Q3 2007, a decrease of 47 percent from (U.S.)$10.1 million in Q3 2006.
Adjusted diluted earnings per share (a) was (U.S.)$0.04 for Q3 2007 compared to (U.S.)$0.09 in Q3 2006.
During the third quarter, the company and its subsidiaries repurchased 1,139,200 common shares at an average price of (U.S.)$7.46 per share. Since the end of the third quarter, an additional 325,000 shares have been repurchased at an average price of (U.S.)$6.29 per share.
The company ended the quarter with cash and investments of $268.2 million and net cash of $66.5 million++.
headline!!
Press Release Source: CDC Corporation
CDC Corporation Reports Record Revenue for Third Quarter
Friday December 14, 7:40 am ET
Company Reports (U.S.)$99.6 Million in Revenues and Adjusted Net Income of $5.3 Million in Third Quarter 2007
Software Business Delivers 46 Percent Revenue Growth from Q3 2006 and Year-to-Date Organic License Growth of 18 Percent; Q3 2007 Was Record Quarter for Software
NetEase Launches Its Own Search Service in China
--------------------------------------------------------------------------------
SinoCast
07:47 a.m. 12/13/2007
BEIJING, Dec 13, 2007 (SinoCast via COMTEX) -- NetEase.com, Inc. (COMP) launched the official version of its own Yodao search engine on December 11, 2007. It is a provider of Chinese language content and services through online games, wireless value-added services and Internet portal businesses.
The Yodao search engine provides a variety of search services, including site search, picture search, blog search, news search, and a desktop dictionary. It started trial operation in December 2006, which ended the company's former partnership with Google, Inc. (GOOG) on Internet search service. NetEase also launched the test beta of two news search products and You Dao Read, an online RDF site summary (RSS) reader.
The company plans to build Internet search as a core service for the users of its portal. Yodao would become the top Chinese language search engine in the country in three years, said William Ding, its chief executive officer.
The Chinese Internet search market has not taken shape by far. Only 10% of Chinese companies have their own Web sites, indicating great potential in the market, added Ding.
From dycj.ynet.com, Page 1, Wednesday, December 12, 2007 info@SinoCast.Com
Copyright (C) 2007 SinoCast, All rights reserved
What news.. I don't really follow them but they are not exactly cheap..
what do you think of NTES (as an entry off lagging price)
coupled w/ this mornings news ?
Marginal green CAST and FUQI .. CAST I sold few days back but FUQI I still own..
Hopefully next year will be better with CHINA.. This year certainly has been a major disappointment.. With buys at higher prices, I am quite red there..
Symbol Change Volume Trade Name Bid Ask Yield
- - - - - ^GSPC -8.74 0.59% 0 1,477.85 S&P 500 INDEX,RTH N/A N/A -
- - - - - ^HSI -776.61 2.72% 0 27,744.45 HANG SENG INDEX N/A N/A -
- - - - - ^N225 -395.74 2.48% 0 15,536.52 NIKKEI 225 N/A N/A -
- - - - - ASIA 0.06 0.54% 39,175 11.06 ASIAINFO HLDGS INC 11.04 11.06 N/A
- - - - - ATV 0.14 1.39% 18,600 9.91 ACORN INTERNATIONAL, - - N/A
- - - - - BIDU 5.00 1.29% 743,917 384.00 BAIDU.COM, INC. 383.85 384.15 N/A
- - - - - CBAK 0.1049 2.35% 76,406 4.3601 CHINA BAK BATTERY 4.3700 4.4100 N/A
- - - - - CEUA.OB 0.00 0.00% 500 5.45 CHINA EDUCATION ALLI 5.45 5.60 -
- - - - - CFSG 0.62 4.00% 49,284 14.88 CHINA FIRE & SEC GRP 14.62 14.99 N/A
- - - - - CHINA 0.34 6.24% 557,804 5.11 CDC CORPORATION CL-A 5.11 5.12 N/A
- - - - - CHL 3.73 4.11% 385,884 86.93 CHINA MOBILE LIMITED - - 1.10%
- - - - - CHMD.OB 0.0010 3.70% 4,000 0.0260 CHINA MEDIA GROUP CP 0.0260 0.0270 -
- - - - - CHU 0.30 1.49% 114,000 19.90 CHINA UNICOM LTD - - 1.20%
- - - - - CNOA.OB 0.12 3.76% 228,015 3.31 CHINA ORGANIC AGRICU 3.28 3.33 -
- - - - - CPHI.OB 0.13 4.02% 12,390 3.10 CHINA PHARMA HLDGS 3.10 3.15 -
- - - - - CPSL 0.27 4.41% 203,577 5.85 CHINA PREC. STEEL 5.85 5.86 N/A
- - - - - CTRP 1.55 2.59% 47,117 58.29 CTRIP.COM INTL LTD 58.32 58.43 0.20%
- - - - - EDU 3.05 3.76% 65,400 78.15 NEW ORIENTAL EDUCATI - - N/A
- - - - - EFUT 0.41 2.23% 10,725 18.00 E-FUTURE INFORMATION 18.00 18.20 N/A
- - - - - EJ 1.24 4.81% 90,660 24.56 E-HOUSE HOLDINGS ADR - - N/A
- - - - - ETLK.OB 0.0000 0.00% 0 0.0650 ELEPHANT TALK COMM 0.0650 0.0700 N/A
- - - - - FFHL 0.50 7.60% 50,096 6.08 FUWEI FILMS (HOLDING 6.08 6.15 N/A
- - - - - FMCN 1.05 1.83% 209,812 56.43 FOCUS MEDIA HOLDING 56.38 56.41 N/A
- - - - - GMKT 0.25 1.05% 26,125 23.56 GMARKET 23.53 23.62 N/A
- - - - - GSH 0.64 1.75% 5,000 36.00 GUANGSHEN RAIL CO LT - - 1.40%
- - - - - HNP 1.14 2.63% 34,700 42.14 HUANENG POWER INTL - - 6.20%
- - - - - HRCT.OB 0.0070 12.73% 12,607 0.0480 HARTCOURT COS INC 0.0480 0.0500 -
- - - - - KONG 0.04 0.76% 34,672 5.22 KONGZHONG CORP 5.22 5.23 N/A
- - - - - LFC 4.34 5.23% 265,200 78.66 CHINA LIFE INS CO - - 0.30%
- - - - - LFT 1.19 5.16% 27,400 21.89 LONGTOP FINL TEC ADS - - N/A
- - - - - MPEL 0.34 2.61% 161,573 12.71 MELCO PBL ENTRMT ADS 12.71 12.72 N/A
- - - - - NED 0.24 2.79% 24,300 8.36 NOAH EDUCATION ADS - - N/A
- - - - - NPD 0.12 0.63% 14,800 19.05 CHINA NEPSTAR ADS - - N/A
- - - - - NTES 0.30 1.47% 26,866 20.07 NETEASE.COM ADS 20.07 20.10 N/A
- - - - - PTR 9.44 4.82% 159,134 186.36 PETROCHINA CO ADS - - 2.80%
- - - - - SINA 2.54 5.16% 259,685 46.71 SINA CORPORATION 46.71 46.76 N/A
- - - - - SNDA 1.15 2.97% 80,141 37.55 SHANDA INTERACTIVE 37.54 37.60 N/A
- - - - - SNP 9.30 5.98% 125,250 146.10 CHINA PETRO & CHEM - - 1.30%
- - - - - SOHU 1.02 1.83% 71,178 54.70 SOHU.COM INC 54.63 54.70 N/A
- - - - - SOLF 0.70 2.66% 459,514 25.60 SOLARFUN POWER HOLDI 25.55 25.60 N/A
- - - - - SRRY.OB 0.00 0.00% 0 0.31 SANCON RESOURCE RCVY 0.30 0.33 -
- - - - - STV 0.87 2.69% 58,400 31.43 CHINA DIG TV HDG ADS - - N/A
- - - - - TSL 0.53 1.07% 69,718 49.10 TRINA SOLAR LTD ADR - - N/A
- - - - - UTSI 0.02 0.74% 86,039 2.72 UTSTARCOM INC 2.72 2.73 N/A
- - - - - XFML 0.08 1.29% 24,237 6.14 XINHUA FINANCE MEDIA 6.14 6.15 N/A
Unbelievable where CHINA is trading ..
Press Release Source: CDC Corporation
CDC Corporation to Hold Third quarter Earnings Call on December 14, 2007 at 8:30 AM Eastern
Tuesday December 11, 4:30 pm ET
BEIJING & ATLANTA--(BUSINESS WIRE)--CDC Corporation (NASDAQ: CHINA - News) a leading Global Enterprise Software and New Media Company, will hold a conference call to discuss the company's third quarter earnings and operating results on Friday December 14th, 2007, at 8:30 am EST. An earnings release will precede the call, posting to the wires before the market opens on December 14th.
Conference Call
To listen, call the access number a few minutes before the scheduled start time of the call.
Date: Friday, December 14th, 2007
Time: 8:30 am EST
USA and CANADA Toll Free Number: +1 888 603 6873
US Toll Number: +1 973 582 2706
The conference ID number is # 9436372 and the call leader is Mr. Monish Bahl.
Webcast Link:
Investors are invited to listen to a live webcast of the conference call which can be accessed through the investor section of the CDC Corporation website at www.cdccorporation.net. The call can also be accessed through www.streetevents.com. To listen to the call, please go to the website at least 15 minutes prior to the call and download any necessary audio software.
For those unable to call in, a digital instant replay will be available after the call until December 28, 2007.
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.
Contact:
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
--------------------------------------------------------------------------------
Source: CDC Corporation
Average daily revenue growth of 51 percent;
Growth in total registered users of 23 percent, now totaling more than 9.4 million;
Growth in peak concurrent users (PCU) of 14 percent; and
Growth in average concurrent users (ACU) of 12 percent.
Must be a typo. Wouldn't take long to be grossing TRILLIONS at that rate. lol!
Press Release Source: CDC Games
CDC Games Provides Update on Key Performance Metrics for November
Friday December 7, 7:30 am ET
New Games, Special Force and Shaiya, Continue Strong Growth in China
BEIJING--(BUSINESS WIRE)--CDC Games, a business unit of CDC Corporation and pioneer of the “free-to-play, pay for merchandise” model for online games in China, today announced key performance metrics for certain of its commercially available games in China.
Total registered users across all online games of CDC Games exceeded 123 million as of the end of November. Overall revenues for CDC Games are becoming more diversified with Yulgang revenues accounting for 56 percent of the total and the five newer games: Special Force, Shaiya, MIR III, EVE Online and Shine Online accounting for 44 percent, as of the end of November.
Special Force, launched in June 2007 as the first free-to-play, pay for merchandise FPS (first person shooter) game in China, experienced growth in key categories during November. Special Force is also ranked among the Top-10 most popular games in China according to 17173.com. Compared to October 2007, key metrics for November 2007 were:
Average daily revenue growth of 51 percent;
Growth in total registered users of 23 percent, now totaling more than 9.4 million;
Growth in peak concurrent users (PCU) of 14 percent; and
Growth in average concurrent users (ACU) of 12 percent.
Shaiya Online, one of the games acquired in the OPTIC acquisition in July, also performed well, with November 2007 average daily revenue growth of 16 percent compared to October 2007. Shaiya Online is an MMORPG set in a fantasy world where two nations, the "Alliance of Light" and the "Union of Fury" fight over the holy ground of "Eden."
Revenue performance of the other games acquired in the OPTIC acquisition, MIR III and EVE Online, remained relatively stable from October to November 2007.
One of the company’s newer games, Shine Online, a cartoon fantasy, 3D MMORPG launched in late September 2007, began with strong revenue performance but has exhibited a decline in player activity and revenue during November 2007. An upgraded version of the game is due for availability in December, and feedback from players indicates that they are waiting for these updates to resume playing.
Yulgang, the company’s first MMORPG in China, continues to be included among China’s Top-10 most popular online games, according to 17173.com, in its third year of commercial availability. Recently hurt by pirated copies of the game operated illegally in China and our reported disputes with Yulgang’s licensor, MGame, Yulgang has experienced average daily revenues in November that are more than 20 percent above its July 2007 levels and that are virtually unchanged from October 2007. This recovery has been aided by the company’s active efforts to shut down pirate servers hosting the game. Working in conjunction with the Chinese government authorities, law enforcement agencies, as well as Internet operators, CDC Games now believes that less than 10 percent of players of the pirated games remain active on those games. The company intends to continue its efforts to eliminate the Pirate servers, including its leadership of the OGAAP (Online Games Alliance Against Piracy) initiative which has received strong endorsements and support from Chinese governmental agencies regulating the online gaming industry, as well as enthusiastic interest and participation of gaming and entertainment companies worldwide.
“We are very happy to see Special Force continuing to grow and gain momentum in its fifth full month of commercial availability,” said Xiaowei Chen, Ph.D., president of CDC Games. “As with any new online game, we are starting from a small base of active players, so the overall revenue impact is still relatively small in this early stage. Based on the current popularity of Special Force and its growth rate experienced to date, we expect it will be a significant contributor for CDC Games going forward. We are also happy to see improved and sustained performance of Yulgang during the past three months. We intend to continue negotiating with Mgame executives and work with the legal teams with the hope that we can soon settle our dispute.”
Chen added, “We are also very excited about the start of our open beta program for Minna de Battle, our first MMORPG for the Japan market, and the pending launch of Lunia Online in the United States. With these new games, we intend to establish CDC Games as a global game publisher with online games operating in three of the world’s major markets: China, Japan and the U.S.”
About CDC Games
CDC Games is one of the market leaders of online and mobile games in China with more than 120 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 2007, Special Force has consistently ranked in the Top 10 downloaded games in China. 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. Through its CDC Games International (CGI) subsidiary, the company is planning launches of Lunia Online in the U.S. and Minna de Battle in Japan along with several new games planned for southeast Asia, further strengthening its position as a global publisher of online games. For more information on CDC Games, visit: www.cdcgames.net
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA - News), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the ability of CDC Games to diversify and continue diversifying its revenues, successfully measure, choose, collect data regarding and evaluate key performance metrics for its games, the ability to successfully grow in key performance areas, the ability to upgrade and release new games and newer versions of existing games and the timeliness thereof, our belief regarding the number of players continuing to play games on pirate servers, our intent to continue pursuing and successfully eliminating these pirate servers and the effects that this may have on our future revenues, our expectation regarding the future contributions to revenue of our games, including Special Force, our continued negotiations with MGame management, our ability to increase revenues for Yulgang, improve average revenue per user (ARPU) for Yulgang, increase revenues for Special Force, increase revenue performance during Q4 2007, and other statements that are not historical, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including the following: (a) the ability to realize strategic objectives by taking advantage of market opportunities; (b) the ability to develop and market successfully first person shooter and other games; (c) the future growth of the online games industry in the China market ad other markets throughout the world; (d) the possibility of launch and development delays; (e) the development of competing products and technology; (f) the continued popularity and player acceptance of Yulgang, Special Force and our other games; and (g) the continuation of our contractual and other partners to perform their obligations under agreements with us. 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
Bummer.. No clue.. Do you have any ? when some of their problem got sorted out reg. independent directors and Nasdaq listing requirements I thought of getting some but I am neither swift nor focussed so did not do anything about it..
EJ also doing well today.. My only half decent china play now is FUQI and there too I have may be only 18% of my stake in CHINA so I am not a happy camper..
Posted by: EZ2
In reply to: arguendo who wrote msg# 48 Date:12/6/2007 12:41:04 PM
Post #of 60
WOW ~~~ any idea what's going on w/ FFHL ?
I don't see earning release any where on yahoo..
p.s. I guess this is last qtr.'s numbers..
Hope they're right. I added 2 dollars too soon. Very depressing. Should have bought HRCT. lol!
CHINA ~~~ the stock:
Zacks.com
Value Plays Still Exist in CHINA
Thursday December 6, 9:19 am ET
By Zacks Equity Research
Here are a few reasons why Zacks senior Chinese markets analyst Paul Cheung, CFA is reiterating his Buy recommendation on shares of Internet content provider CDC Corp. (NasdaqGM: CHINA - News), this morning:
\'CDC\'s revenue for the second quarter of 2007 increased 35% year-over-year. However, its adjusted EPS missed market expectations by $0.01 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 15.7x, which is much lower than the industry mean. Based on our estimate for fiscal year 2008 earnings per ADS, the stock is trading at 10.4x, which is also much lower than the industry mean. Using a P/E multiple of 15.0x our fiscal year 2008 earnings per ADS estimate of $0.54 yields a target price of $8.00, which can reflect the company\'s great growth prospects, in our view.\'
Read the full analyst report on CHINA
CDC Games Launches Open Beta Test for Its First New MMORPG Game in Japan
Thursday December 6, 7:30 AM EST
BEIJING & ATLANTA, Dec 06, 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 the start of the open beta program for Minna de Battle, its first online massively multiplayer online role-playing game (MMORPG) game for the Japan market. CDC Games Japan K.K., a subsidiary of CDC Games International (CGI), started the open beta program for Minna de Battle, a multiplayer online action game, last week.
Developed by Korea-based Nimonix and licensed through Gretech Corp., this free-to-play, pay-for-merchandise 3D online action game features a range of Martial Arts Skills (Taekwondo, Kung Fu, Boxing, Kobudo), boasting simple gameplay with support for gamepad input devices. Game modes include Team Play, Battle Mode, and Rumble Mode.
Minna de Battle, also known as GemFighter outside of Japan, is already in commercial operation in Korea and the United States. In Korea, GemFighter (Minna de Battle) has reported more than 1.5 million registered users. The Minna de Battle website (http://www.minbat.jp/) is available for open beta registration and download of the game in Japan. The game is expected to be commercially available in the beginning of the first quarter of 2008.
"We just completed a successful closed beta test program for Minna de Battle last month and expect this game to be well received by the wider open beta and commercial audiences," said Jeff Longoria, president of CGI. "During the open beta program, we intend to create broader exposure and interest in preparation for a successful commercial launch in one of the most active online games markets in the world. Minna de Battle is one of several new games planned for launch internationally in 2008 that we expect will help to solidify our position as a leading publisher of global, diversified online games."
About CDC Games
CDC Games is one of the market leaders of online and mobile games in China with more than 120 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 2007, Special Force has consistently ranked in the Top 10 downloaded games in China. 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. Through its CDC Games International (CGI) subsidiary, the company is planning launches of Lunia Online in the U.S. and Minna de Battle in Japan along with several new games planned for southeast Asia, further strengthening its position 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 ease of use of Minna de Battle, the commencement and continuation of open beta testing for this game, the commercial availability and launch of Minna de Battle in Japan and other territories, our ability to create broader exposure and interest in this game, our future plans with respect to this game and our future position and participation in the online games industry, our plans to expand our commercial portfolio and launch more 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 and other markets; (d) the possibility of development delays; (e) the development of competing products and technology; (f) the entry of new competitors and their technological advances; and (g) the possibility that our current or future strategic partners will not fulfill their contractual or other obligations to us. 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 Games
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
TradingMarkets.com
7 Stocks You Need to Know for Thursday
Wednesday December 5, 3:41 pm ET
By TradingMarkets Research
Here are 7 stocks for traders for Thursday from TradingMarkets.com:
Casey's General Store (NasdaqGS:CASY - News) beat expectations on Wednesday afternoon with $0.55 EPS over $0.46 EPS. CASY's PowerRating (for Traders) is 6.
Comtech Telecom (NasdaqGS:CMTL - News) beat earnings expectations on Wednesday after the bell, announcing $0.54 EPS over an expected $0.49 EPS. CMTL's PowerRating (for Traders) is 5.
Analogic (NasdaqGS:ALOG - News) reports earnings on Thursday morning before the bell, with traders looking for $0.40 EPS. ALOG's PowerRating (for Traders) is 4.
CDC Corporation (NasdaqGM:CHINA - News) announces quarterly earnings Thursday morning; watch for $0.09 EPS. CHINA's PowerRating (for Traders) is 4.
Flow (NasdaqGM:FLOW - News) is looking to announce $0.08 EPS on Thursday before the market opens. FLOW's PowerRating (for Traders) is 2.
Toll Brothers (NYSE:TOL - News) should announce -$0.77 EPS on Thursday morning. TOL's PowerRating (for Traders) is 4.
Toro (NYSE:TTC - News) is expected to report $0.12 EPS tomorrow morning before the bell. TTC's PowerRating (for Traders) is 4.
Go to TradingMarkets.com for Today's Top 25 Stocks.
CHINA ~~~ Press Release Source: CDC Games
CDC Games Plans to Launch Popular Manga Style Online Game in the United States
Wednesday December 5, 7:30 am ET
Lunia Online to be Commercially Available in the First Quarter of 2008
ATLANTA & BEIJING--(BUSINESS WIRE)--CDC Games, a business unit of CDC Corporation and pioneer of the “free-to-play, pay for merchandise” model for online games in China, announced today that its CDC Games International (CGI) business unit plans to launch Lunia Online, a massively multiplayer online role playing game (MMORPG) based on the popular manga style comic art form, for commercial availability in the U.S. during the first quarter of 2008.
Lunia Online, which was developed by Korea-based ALLM Co., Ltd., is based on the manga style of Japanese comics which is widely popular throughout the world and is currently a more than $200 million industry in the U.S. according to Publishers Weekly.
Unlike many other massively multiplayer online roll-playing games (MMORPGs) currently on the market, Lunia Online is played much like an action arcade game, allowing players to move around using arrow keys rather than a mouse. The game can be played with a console “D pad” style controller which makes the game familiar and easy to use for the millions of Xbox users throughout the U.S.
In Lunia Online, various attacks can be launched by pressing combinations of keys rather than clicking on an enemy to attack. In addition, special skills and items can be conveniently controlled with hotkeys. Unlike many other games, Lunia does not restrict its skill hotkeys to the function keys on a keyboard. This allows users to more fully customize and adapt the game controls to their personal liking.
In further contrast to many popular MMORPGs, Lunia Online also offers a detailed plotline and story to accompany game play. Battles between players and monsters take place in increasingly challenging stages which are much like chapters in the overall story. In each stage, the players accompany the three main characters: the Knight (Sieg), the Healer (Eir) and the Wizard (Dainn) in their adventure, often being required to complete certain tasks such as killing-off monsters in an area. These accomplishments advance the player through the story and are necessary to complete the stage. Animated cut scenes typically appear just before and after a stage, serving as transitions from chapter to chapter and additional sources of plot information.
Lunia has recently been test marketed in the U.S. by ALLM with favorable results and has received excellent user ratings from various game and fan sites. “We are excited to strengthen our partnership with CGI through the licensing of Lunia Online for the U.S. market,” said Jong Myoung Lee, president of ALLM. “We expect Lunia Online to be well received in the U.S. market and we look forward to expanding our relationship with CGI further in the future.”
“We are looking forward to launching Lunia Online for the U.S. market,” said Jeffrey Longoria, president of CGI. “With our planned addition of Lunia Online, we will soon have games operating in three major markets: China, Japan and the U.S. We intend to continue working aggressively to expand our commercial portfolio further this year and in 2008, as we plan to launch many exciting new games in the coming months.”
“Lunia Online breaks new ground in many new areas of the MMORPG genre,” said Ron Williams, general manager of CDC Games USA, a unit of CGI. Lunia Online is less complicated to operate than the typical MMORPG because Lunia Online is designed to be played like console games that are widely familiar to U.S. players. With the popular manga style animation and a strong crossover potential with console players, we expect this game to be well received in the U.S. market.”
Lunia Online is the latest in several new games backed internationally by CGI. CGI already has established sub-license agreements to publish games through leading online games providers in Southeast Asia and Taiwan.
About CDC Games
CDC Games is one of the market leaders of online and mobile games in China with over 100 million registered users. The company's hit title Yulgang was among the first "free-to-play, pay-for-merchandise" online games in China and has received the "Top 10 Most Popular Games" award from the China Game Industry Annual Conference (CGIAC) for two consecutive years, in 2005, 2006 and 2007. Currently, CDC Games offers six popular MMO online games in China that includes: Yulgang, Shaiya, Special Force, Mir III, Shine and Eve Online. In March 2007, the company announced the formation of CDC Games Studio to establish strategic relationships with selected games development partners to accelerate the development of new, original online games for China and other targeted global geographies. CDC Games anticipates being able to deploy up to $100 million for CDC Games Studio investments through contributions from CDC affiliated companies, external partners and its internal resources. In August 2007, CDC Games formed a new subsidiary called CDC Games International (CGI) and CDC Games USA to launch new games internationally and to position CDC Games as a global publisher of online games. For more information on CDC Games, visit: www.cdcgames.net
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ:CHINA - News), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the ability of CDC Games to launch and market Lunia Online, the relative convenience and ease of use and control of Lunia Online, the acceptance and success of Lunia Online in the market or any markets, the success of the development of a centralized gaming platform for CDC Games, our current and future partnership with Allm, our plans to expand our commercial portfolio and launch more 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 and other markets; (d) the possibility of development delays; (e) the development of competing products and technology; (f) the entry of new competitors and their technological advances; and (g) the possibility that our current or future strategic partners will not fulfill their contractual or other obligations to us. 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
It's all in the filing$$$$$$$$$$$$$$$ !!
They should ease up on routine daily business.. This one I guess they think has name recognition but no doubt this detracts from being taken seriously.. You won't hear other major software vendors routinely issuing news releases like this.. Some might mention once or twice a year as part of other activities..
Important stuff like lawsuit or spinoff etc. is where we will know which way the wind blows.. Although I should say, it is today quietly trying to get pass 6 but far cry from where it was in Feb.
I guess this is now a next year play..
I think the daily press releases have become white noise. Just part of the landscape.
They never tell us just what these deals bring to CHINA in $$$$$$$$$'s.
Just how significant are they?
Beginning to remind me of a typical penny stock. :~)
CDC Software's Supply Chain Solutions Help Shanghai General Motors Expand Operations in China
--------------------------------------------------------------------------------
BusinessWire
07:30 a.m. 11/29/2007
ATLANTA & HONG KONG, Nov 29, 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 its CDC Supply Chain Solutions were implemented at a new parts distribution and packaging center of Shanghai General Motors, a 50-50 joint venture partnership between General Motors and Shanghai Automotive Industry Corp. Group (SAIC).
Shanghai General Motors recently opened the first of four new model parts distribution and packaging centers in Guangzhou, China. This facility utilizes the CDC Supply Chain product suite including Warehouse Management, Labor Management, Slotting Optimization, Yard Management, Event Management and Enterprise Visibility. These applications provide Shanghai General Motors with an advanced supply chain execution software suite. Shanghai General Motors intends to implement CDC Supply Chain at the other three facilities as they are built.
Formed more than 10 years ago, Shanghai General Motors is one of the largest and fastest growing car manufacturers in China. The joint venture assembles, distributes and services vehicles under the Buick, Saab, Chevrolet and Cadillac brands through more than 400 dealers in China.
"Our growth is unprecedented in the automotive industry and successfully managing that growth is indeed a key to our success," says Wang Jun, general director of Aftersales & Downstream Business of Shanghai General Motors. "Managing our Service Parts operations is critical for maintaining our growth and CDC Software's complete supply chain solution for high volume, high velocity environments like ours is a key part of our distribution strategy."
"Shanghai General Motors' successful launch of its new distribution center illustrates how CDC Supply Chain can be an ideal solution for the demand-driven fulfillment requirements of enterprises operating multiple plants with complex distribution and supply chain networks," said Eric Musser, CEO and president of CDC Software. "CDC Supply Chain helps to provide rapid benefits to an enterprise in the form of reduced operational costs, increased on-time deliveries, optimized order fulfillment from multiple warehouses, improved inventory accuracy and availability and enhanced customer service."
About CDC Supply Chain
CDC Supply Chain offers 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 or can readily integrate into an enterprise's existing applications. Key functionality in the CDC Supply Chain suite includes warehouse management, transportation management, dynamic route planning, slotting, labor management, cross dock planning and yard management. Some of the world's leading customers use CDC Supply Chain including: Ahlsell, Campbell Soup, Canadian Tire, Frito Lay, GE Plastics, JM Smuckers, Sherwin Williams, Starbucks Centocor, The Container Store, Fuji, General Motors, Jim Beam, Legrand Group, Office Max, Reebok, Shanghai General Motors, and Symbol/Motorola. For more information, visit: cdcsupplychain.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 (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 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, and includes statements relating to the ability of CDC Supply Chain to help reduce operational costs, increase on-time deliveries, optimize order fulfillment from a multiple warehouse base, improve inventory accuracy and availability and enhance customer service, the future construction of additional facilities by Shanghai General Motors and the implementation by Shanghai Motors of CDC Supply Chain at any such facilities and other statements which are not historical fact. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements including, among others: the conditions of various industries, including the Chinese automotive industry; the continued ability of CDC Supply Chain solutions to address the distribution and supply chain requirements of companies in those industry; demand for and market acceptance of new and existing Supply Chain solutions; and development of new functionalities which would allow certain companies to compete more effectively. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
CDC Corporation Investor Relations: Monish Bahl, 678-259-8510 mbahl@cdcsoftware.com or CDC Software Media Relations: Scot McLeod, 678-259-8625 scotmcleod@cdcsoftware.com
CDC Software Introduces First Managed Software as a Service Enterprise Solution for Life Sciences
Wednesday November 28, 7:30 AM EST
ATLANTA & HONG KONG, Nov 28, 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 the launch of its Software as a Service (SaaS) suite of applications for life sciences companies. This first-of-its-kind offering, specifically designed for life sciences, leverages the Ross Enterprise suite of applications that are currently in use with hundreds of life sciences manufacturers and research organizations around the world.
This comprehensive, industry-specific solution for life sciences companies may be deployed in a matter of days with, in most instances, no customizations required. This unique combination of industry fit and rapid deployment makes this solution suited to a broad array of emerging and mid-sized pharma and biopharma companies supporting GMP manufacturing, clinical supply operations, chargebacks for wholesaler distribution, and project/service-based organizations (CMO/CRO). These life sciences enterprises can choose an off-site hosted or an on-site managed deployment and they also have the option to choose a monthly subscription fee or traditional software license fee.
CDC Software has partnered with Vantage Systems, a premium managed software service provider that specializes in the life sciences industry. Vantage has established a track record of highly successful deployments of CDC Software's Ross Enterprise applications worldwide. Through the partnership, CDC Software will provide the Ross Enterprise applications for life sciences including enterprise resource planning (ERP), supply chain planning (SCP), customer relationship management (CRM), business process management (BPM), enterprise performance management (EPM), electronic batch records, contract and chargeback management and project accounting. Vantage is expected to host and manage the applications and provide additional services including GMP assessments, validation, change control, outsource manufacturing collaboration, and chargeback processing.
"Midsize and emerging life science companies require a solution that is highly focused on their unique business needs and one that offers reduced deployment costs and minimal IT maintenance costs over the life of the system," said Eric Musser, CEO and president of CDC Software. "Our managed SaaS offering for life sciences, we believe, is the only solution of its kind available today. We are meeting the specific needs of life sciences companies around the world by combining the industry solution expertise of CDC Software and Vantage Systems. We also believe our complete specialized software applications, combined with their hosting and specialized value-added services, provide the ideal solution for life science companies that need to avoid the overhead and risks of complex, internal deployments of their enterprise systems."
"Many emerging pharmaceutical and biopharma manufacturers and research organizations simply cannot afford license fees for a GMP validated system, long implementations or costly maintenance of typical enterprise software systems," said Bob Congiusti, CEO of Vantage Systems. Congiusti, with more than 30 years of IT management experience and a former vice president of IT at life sciences manufacturer, Cambrex, concluded, "As their managed services provider, we are minimizing the high costs of maintaining an IT infrastructure and the industry-specific challenges of GMP assessments, validation, change control, outsource manufacturing collaboration, and chargeback processing."
About Vantage Systems
Vantage Systems is a premium managed software services provider that specializes in the life sciences industry. Vantage Systems offers a range of products and services designed to accelerate the ERP (enterprise resource planning) implementation process, enable process improvement initiatives, lower IT costs, reduce technical complexity, and assist customers with their regulatory compliance efforts. For more information, please visit www.vantagesystems.com.
About Ross Enterprise for Life Sciences
Ross Enterprise for Life Sciences is CDC Software's comprehensive suite of applications for the Life Sciences industry. From emerging biotechnology firms to billion-dollar drug manufacturers, Ross Enterprise solutions are designed with an in-depth understanding of the critical operations of the Life Sciences industry with key functionality in: forecasting and planning, formula management, inventory control, manufacturing management, quality control, lot tracing, product costing, customer service and business analytics. The system provides cGxP compliant transaction processing and work flow systems for materials management, manufacturing, financials and the extended life science supply chain. Ross Enterprise is used to streamline the transition from clinical trials to commercial manufacturing, and facilitate effective management of in-house and outsourced manufacturing. Ross Enterprise is used worldwide by more than 1,200 companies including BioConvergence, Mission Pharmacal, Cambrex, Crown Laboratories/Del-Ray Dermatologicals, and Anabolic Labs. 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 (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 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, among other things, the Ross Enterprise for Life Sciences and Managed Services offerings, our status as first-to-market with this product or a product of this type, the availability or lack of availability of similar products, our ability to provide reduced IT costs for our customers, our ability to provide a low total cost of ownership, rich functionality and other benefits to our customers, our ability or our customer's ability to deploy this product within certain timeframes and without customization, the suitability of this solution for certain customers, potential customers and industries, our partnership with Vantage Systems, including the services and assistance that Vantage may provide, our ability to meet customer needs, the completeness of our product offerings, 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 current and future status of the Life Sciences marketplace and the demand for related products; the ability and need to develop, integrate and deploy applications to meet customer's requirements; the possibility of development or deployment difficulties or delays; the risk of varying results among products, services, customers and industries; our continued commitment to this software; Vantage System's (and any other applicable third party's) commitment to, continuing commitment to, and compliance with, our partnership and the support of this and other product offerings; the continued ability of our solutions to address industry-specific requirements of companies in the Life Sciences industry; the fluctuation in demand for, and market acceptance of, new and existing solutions; the continued development of new functionalities which would allow enterprises to compete more effectively; the ability of a customer's staff to utilize the information generated with our software; and changes in the type of information required to compete in the Life Sciences 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.
SOURCE: CDC Software
CONTACT: CDC Corporation
Investor Relations: Monish Bahl, 678-259-8510 monishbahl@cdcsoftware.com or Media Relations: Articulate Communications Inc. Kate Corcoran, 212-255-0080, ext. 18 kcorcoran@articulatepr.com
Copyright Business Wire 2007
Sector Snap: Chinese Web Gaming Cos. Up
Monday November 26, 12:48 pm ET
Chinese Online Gaming Companies Mostly Rise, Perfect World Gains With Expansion Pack Release
NEW YORK (AP) -- Chinese online gaming companies traded mostly higher Monday, with shares of Perfect World Co. Ltd. rising after the company said it released an expansion pack for its "Perfect World II" game.
Perfect World's American Depositary Shares rose $1.28, or 6.6 percent, to $20.75. Since the company began trading publicly in July, it has moved between $17.40 and $37.
The Beijing-based company said it launched a "Special Annual Edition" expansion pack for the game on Nov. 22 in China to celebrate the game's one-year anniversary. The pack includes new features like "City Combat Flight System" and a treasure box containing pets and magic stones, the company said.
Eventually the packs' updates will be rolled out in other countries where the game is licensed, Perfect World said.
Perfect World also said it recently opened a new set of servers, which will enable more people to play its games.
Meanwhile, ADS of Shanghai-based online gaming company The9 Ltd. rose 23 cents to $21.79.
In a note to clients Monday, CIBC World Markets analyst Paul Keung reiterated his "Sector Outperform" rating for the stock and lowered his price target to $39 from $50, saying it seems undervalued and oversold since it reported its third-quarter results in mid-November.
"We think The9 sold-off largely due to the headline of a third-quarter earnings miss. In fact, The9 was in line with revenue, but fell short of consensus earnings-per-share due to non-cash, non-operating items," he wrote.
Keung said the popular "World of Warcraft" gaming franchise, which The9 operates in China, still has strong operating trends. He believes The9's "World of Warcraft" revenue will rise 25 percent to 30 percent in 2008.
Elsewhere in the sector, shares of CDC Corp., whose operating units include an online gaming business, declined 22 cents, or 3.8 percent, to $5.60 in afternoon trading.
Hong Kong-based CDC said Monday that it, along with Lunar Capital Management, put forth a formal proposal to buy a 19.9 percent stake in Linktone Ltd. and restructure the Chinese mobile content provider.
Beijing-based online gaming company NetEase.com Inc.'s ADS added 34 cents to $19.57, while Shanghai-based Shanda Interactive Entertainment Ltd.'s ADS gained $2.23, or 7.1 percent, to $33.73.
American Depository Shares of Shanghai-based Giant Interactive Group Inc. added 72 cents, or 6.2 percent, to $12.22 in afternoon trading.
Press Release Source: CDC Software
Savills Asia Pacific Launches Property Management Solution Using CDC Software's Pivotal CRM
Monday November 26, 7:30 am ET
Leading International Property Services Group Shortens Development Cycle, Decreases Cost of Development and Increases Client Base With Pivotal CRM
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 Savills Asia Pacific, has increased its client base, lowered costs and improved operating efficiency using CDC Software’s Pivotal CRM suite of applications for customer relationship management, property management, valuation, and agency services needs.
Since implementing Pivotal CRM, Savills Asia Pacific has seen a shortened development cycle, a decrease in development costs, an increase in the size of its client base and a decrease in sales and leasing cycles.
With more than 80 offices in over 20 countries, Savills is at the forefront of the property services industry in the Asia Pacific region. Savills operates in Australia, China, Hong Kong, Japan, Korea, Macao, the Philippines, Singapore, and Thailand. Savills Asia Pacific needed to replace a legacy property management system but was not satisfied with the packages available on the market. Savills needed a system that could support its rapid growth and meet the varied demands of its property management, valuation, and agency services.
Savills’ U.K. and Europe had already experienced great success using Pivotal CRM, so Savills Asia Pacific decided to take advantage of the system’s proven ability to be deployed as a robust property management system.
Using Pivotal CRM as the foundation, Savills Asia Pacific created a joint CRM/property management system and is now measuring benefits that include:
Shortened development cycles which lowered development costs by 20 percent,
Accelerated process of bringing new acquisitions onto the same system,
Increased size of its client base by 15 percent, without adding headcount,
Enabled agents to manage twice as many clients than they could previously,
Decreased sales and leasing cycles by 15 percent thereby lowering costs,
Provided greater visibility into valuation and trends; and
Strengthened the company’s competitive advantage.
“Pivotal CRM’s flexibility unquestionably lowered our cost of development and accelerated our ability to bring new acquisitions onto the same system,” said Avi Raju, director of Asia Information Technology for Savills Asia Pacific. “Pivotal CRM plays an important role in helping Savills Asia Pacific succeed and we consider it a competitive advantage.”
“Pivotal CRM has long been recognized for its significant flexibility and easy customization capabilities and the measured success at Savills Asia Pacific is an outstanding example of the value we can provide to our customers with this unique solution,” said Eric Musser, CEO and president of CDC Software. “We are proud to play such a critical role for Savills in realizing their goals for business growth and improvements in efficiency.”
About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), IMI (warehouse management and order management), Pivotal CRM and Saratoga CRM (customer relationship management), CDC MarketFirst (marketing automation and lead management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources) and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation and is ranked number 12 on the MBT 2007 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com.
About Pivotal CRM
Pivotal CRM helps organizations create superior customer experiences and offers rich functionality, a highly flexible application platform, a full customer relationship management application suite, and best-in-class customization abilities, all with a low total cost of ownership. 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. For more information about Pivotal CRM, please visit www.pivotalcrm.com.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA - News), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, and includes statements relating to the ability of Pivotal CRM to address the needs of 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 property management markets; the continued ability of Pivotal CRM solution 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 companies to compete more effectively and changes in the type of information required to compete in the property management 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
Media Relations
Articulate Communications Inc.
Kate Corcoran, 212-255-0080, ext. 18
kcorcoran@articulatepr.com
--------------------------------------------------------------------------------
Source: CDC Software
Lunar Capital Management and CDC Corporation Disclose Proposal for Investment in Linktone Ltd.
Monday November 26, 5:15 AM EST
BEIJING and HONG KONG, Nov 26, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- Lunar Capital Management ("LCM") and CDC Corporation (CHINA) and/or its subsidiaries and affiliates ("CDC", and taken together with LCM, the "Strategic Investors"), today disclosed that they have presented a formal proposal for an investment in, and restructuring of, Linktone Ltd. (LTON) ("LTON" or "Linktone").
The Strategic Investors have proposed to purchase either common shares or convertible preferred shares convertible into a minimum of 19.9% of the fully-diluted equity capitalization of LTON. The purchase price would be at a premium to Linktone's most recent closing price, in the case of convertible preferred shares, or at a discount, in the case of common shares. The Strategic Investors would seek to appoint up to 3 directors to Linktone's Board of Directors in order to effect a proposed restructuring of Linktone's business. Furthermore, the Strategic Investors would enter a lock up agreement not to sell the shares for a minimum of 6 months. The consideration for the transaction will be made entirely in cash.
The Strategic Investors are making this proposal in order to reposition Linktone in China's wireless and media markets for the increased benefit of Linktone's shareholders. This repositioning would leverage the Strategic Investor's resources and the Company's talented management team. The Strategic Investors believe they have the operational expertise and skill set necessary to work with the Company to effect a restructuring of the business, and that this proposal offers an exciting opportunity for Linktone shareholders. If elected by the shareholders, directors nominated by the Strategic Investors will propose that Linktone: (1) restructure its core Wireless Value-Added Services Business through cost cutting, product refocus and leveraging greater synergies with partner companies; (2) restructure new media assets into a separate stand-alone entity with greater access to media expertise and clearer performance metrics; and (3) actively build a pipeline of transformative transactions aimed at increasing shareholder value through leveraging Strategic Investor resources.
The Strategic Investors believe that this clear three-point proposal will build value for Linktone shareholders by leveraging outside expertise and re-clarifying business lines in order to focus and improving financial performance. Additionally, the Strategic Investors believe that the proposed restructuring will reposition Linktone as an internet, media and telecommunications asset with significant growth potential in China-one of the world's fastest growing telecoms, media and technology markets.
The Strategic Investors believe that they have the resources and operational expertise to implement the above three point plan and deliver results. LCM is a China-focused private equity fund manager that takes selective stakes in businesses where it believes it can drive value creation through applying intensive operational expertise. Partners of LCM include former senior executives of China's leading publicly-listed wireless, internet and media companies and global financial services leaders. CDC has a proven track record of acquiring attractive, underperforming assets and growing them into industry leading enterprises. This has been demonstrated by CDC's acquisition and turn around of Ross Systems, Pivotal Corporation and IMI and their subsequent evolution into CDC Software, now independently ranked as 12th largest vendor of enterprise and supply chain software in the world. CDC's investments in the wireless sector include an investment in BBMF, one of the leading 3G mobile content providers in Japan.
Accordingly, Linktone and its shareholders should consider LCM and CDC as value-added investors that will provide the Company with the merger and acquisition, China and global operational expertise to help the business evolve in a manner which delivers increased shareholder value.
The Strategic Investors are confident that the proposed transaction is in the best interest of the Company and its shareholders. This proposal is being made in good faith and is intended to be a friendly approach from value-added investors to assist the Company during this difficult period. The Investors have a high-degree of confidence in the Company and its Management, both of which are factors in deciding to proceed with this proposal.
Strategic Investors additionally believe that the terms of the Transaction are appropriate for the acquisition of the proposed minority stake, particularly in light of the resources that the Strategic Investors intend to devote to the Company. The proposed transaction would be subject to certain closing conditions, including, but not limited to, the Strategic Investors' completion of its due diligence, the completion of definitive transaction documents, relevant regulatory requirements, Linktone's effecting the resignation of at least three of the current non-executive directors of and the election by the shareholders of three directors representing the Strategic Investors. The Strategic Investors will nominate directors that ensure that the Company is compliant with the independence requirements of both NASDAQ and the United States Securities and Exchange Commission. Furthermore, given potential concerns regarding CDC as an investor due to certain potential overlapping businesses, any director nominated by or affiliated with CDC will be asked to abstain from consideration, evaluation and approval of any proposed transactions that may arise between CDC or its affiliates and Linktone. The Strategic Investors believe that the addition of three new directors each representing shareholders with a substantial financial stake in Linktone's future is the best possible way to ensure a clear focus on building shareholder value and protecting minority shareholder interests. No firm response has been received from the Company.
Speaking on behalf of the Strategic Investors, Maria Tsui, spokesperson for LCM, stated, "We believe that Linktone's shareholders would benefit tremendously if the Board of Directors were to approve our proposed transaction. We are presenting this proposal in a spirit of good faith because we firmly believe that it is clearly in the best interest of shareholders, and would assist the Company in meeting its goals of building a stronger business in China. Furthermore, we intend to fully involve management and make this a team effort to transition back to profitability and increased value. Lastly, we believe that the operational expertise that the Strategic Investors can deliver to the Company will result in an ability to generate greater returns from Linktone's tangible and intangible assets for shareholders."
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 and LCM, such as the ability improve efficiencies, improve customer service, drive cost savings and competitive advantage. These statements are based on 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 market, the continued ability to develop solutions, demand for and market acceptance of new and existing services, development of new functionalities which would allow companies to compete more effectively. 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.
For More Information:
Investor Relations
Monish Bahl
CDC Corporation
Tel: +1-678-259-8510
Email: Monish.bahl@cdcsoftware.com
Media Relations
Maria Tsui
Lunar Capital Management
Tel: +852-3198-0162
Email: mtsui@lunarcap.com
SOURCE CDC Corporation
URL: http://www.cdcsoftware.com
http://www.cdccorporation.net
www.prnewswire.com
Copyright (C) 2007 PR Newswire. All rights reserved
CDC Offered to Acquire Tomb Raider Publisher
--------------------------------------------------------------------------------
SinoCast
05:34 a.m. 11/20/2007
BEIJING, Nov 20, 2007 (SinoCast via COMTEX) -- CDC Corporation (CHINA), China's top online game and software company, is said to have issued an offer for the acquisition of its rival SCi Games, the UK-based publisher of Tomb Raider.
It targets at expanding the market share of CDC Games Limited, the game division under its unit China.com Inc. (SEHK: 8006), in Europe. In the future, CDC Games will focus on both proprietary game development and online game operation.
In July 2007, CDC announced that it was counting down for the spinning-off and listing of CDC Games and is to shift its core business to gaming. It planned to submit a prospectus to the US Securities and Exchange Commission to prepare for a USD 200 million IPO relative to CDC Games.
The core business of CDC Games includes acquired Beijing 17game Network Technology Co., Ltd., the Shanghai-based online game division of Guangzhou Guangtong Communication Co. Ltd., and some shares in Korean MGame Corporation.
From eNet, Page 1, Monday, November 19, 2007 info@SinoCast.Com
Copyright (C) 2007 SinoCast, All rights reserved
Must be a typo......... The store has a gross floor area of approximately 21,400 sq. miles.
November 19, 2007 - 7:30 AM EST
CDC Software Enables Harvey Nichols to Enhance the Customer Experience with Integrated CRM, Marketing Automation and Point of Sale Solutions.
World Renowned Luxury Lifestyle Retailer Implements Pivotal CRM and CDC MarketFirst to Enhance the Customer Experience In-Store and Through Focused Marketing Campaigns.
CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software and services, announced today that Harvey Nichols is successfully using its Pivotal CRM and CDC MarketFirst solutions to enhance the overall shopping experience for its customers. The system has already been implemented in the luxury retailer’s Birmingham, Edinburgh, Manchester and Leeds stores.
The luxury retailer expects the system to generate an increase in per-customer sales revenue, by first monitoring and tracking the customer’s preferences and spending triggers and then translating this information into powerful point-of-sale information for customer-facing employees.
"For us, CRM is all about empowering teams across the organization with a strong understanding of their customers, in order to enhance the customer experience,” says Martin Schofield, IT & Logistics director at Harvey Nichols. “With CDC MarketFirst and Pivotal CRM, we are empowering our marketing team with the ability to plan and execute targeted campaigns from a central point. At a more fundamental level, we are also empowering our point-of-sale representatives with the information needed to provide personalized value-added services to each customer they serve."
The company is also expecting a stronger response to marketing campaigns as a result of creating much more focused campaigns, based on data collected on customers and their spending trends. The fully integrated system will provide the retailer with full visibility needed to measure the effectiveness of individual marketing campaigns.
Ensuring a Highly Personalised Shopping Experience
Schofield explains: “Building on basic customer data we are beginning to use the CDC MarketFirst solution to gather and analyze more detailed information on our Personal Shopping customers.” The Personal Shopper will provide shop-floor staff with access to a comprehensive profile of key customers, including preferences such as colors and styles, as well as measurements. This will enable shop-floor staff to ensure these customers have a highly personalized and effortless shopping experience.
The CDC Software systems are fully integrated with Harvey Nichols’ current Merret sales transaction database, ITIM till interface, and FRESCA online store. Integrating these systems has brought several streams of data together to create a powerful resource for business intelligence. The new customer experience system incorporates records of every sale, logged by the Merret system, providing the company with a historical view of transactions for each customer. The system also allows customers to sign up and use Harvey Nichols’ online store. CDC MarketFirst has provided the ability to integrate this information into the till system to ensure that customers who have registered online are automatically registered in-store.
Additionally, point-of-sale employees are able to identify customers and/or capture information before proceeding with sales. Integration with CDC MarketFirst allows the point-of-sale system to feed information into an overarching customer record, enabling the marketing team to develop and deliver customer-specific promotions and offers, as well as the company’s customer newsletter.
Mark Carlile, managing director of CDC Software in the U.K .said, “As the customer-driven company, we are delighted to work with Harvey Nichols on this very strategic project. We believe this system is at the cutting edge of the retailing industry. Today, retailers operate in a highly competitive environment and increasingly their differentiation results from their ability to provide the customer with a complete and highly satisfying shopping experience. This solution will allow Harvey Nichols to manage their customers’ experiences with thorough visibility and awareness that will improve multiple touch points.”
About Harvey Nichols Group
Harvey Nichols was founded in 1813 and is today the U.K.'s premier fashion retailer, renowned both in the U.K. and internationally for the breadth and depth of its exclusive fashion merchandise. It offers many of the world's most prestigious brands in womenswear, menswear, accessories, beauty and home.
Harvey Nichols currently has stores in London, Leeds, Birmingham, Edinburgh and Manchester in the UK, Dublin in the Republic of Ireland and internationally Riyadh, Hong Kong, Dubai and Istanbul. Another U.K. store will open in Bristol in 2008.
The London flagship store is located in the heart of Knightsbridge, London's most fashionable and exclusive shopping district. The store has a gross floor area of approximately 21,400 sq. miles.
In addition to its fashion retailing business, Harvey Nichols successfully redeveloped the top floor of the London flagship store to create a Restaurant, Bar, Café, Wine Shop and Foodmarket which have become destinations in their own right. A similar concept operates from the top floors of all Harvey Nichols full-size stores.
Harvey Nichols launched its first stand-alone restaurant in 1996, the highly successful Oxo Tower Restaurant, Bar and Brasserie, with spectacular views of the River Thames. A further restaurant, Prism, opened in the financial district of the City of London in 1999.
In April 1996, Harvey Nichols obtained a full listing on the London Stock Exchange and for the subsequent period of almost seven years stayed as a listed company. In February 2003, Harvey Nichols returned to private ownership and Harvey Nichols Group Limited is now owned by the Hong Kong based retail magnate, Dr. Dickson Poon whose retail businesses extend to North America, Europe, Japan, China and South-East Asia.
About CDC MarketFirst
CDC MarketFirst is an adaptive marketing automation and lead management solution that enables marketers to manage even the most complex, multi-channel marketing campaigns. Using CDC MarketFirst, companies such as Sharp Electronics Manufacturing Corporation of America, CareerBuilder LLC, Softrax Corporation, ICM Computer Group Ltd. and Enterprise Florida, can utilize the visual campaign designer feature to create email/web page streams, profile customers and prospects, target each with a highly personalized and relevant message, deliver the message at the right time via the right channel, and ensure consistent and effective follow-up. CDC MarketFirst can help marketers achieve higher response rates and better lead quality with perpetually running, precisely targeted campaigns based on data captured at every point of interaction. It can also help increase lead quality and retention rates with fewer resources, improving return-on-investment (ROI). For more information on CDC MarketFirst, visit www.marketfirst.com.
About Pivotal CRM
Pivotal CRM helps organizations create superior customer experiences and offers rich functionality, a highly flexible application platform, a full customer relationship management application suite, and best-in-class customization abilities, all with a low total cost of ownership 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. For more information about Pivotal CRM for s, please visit www.pivotal.com.
About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), IMI warehouse management and order management, Pivotal CRM and Saratoga CRM (customer relationship management), CDC MarketFirst (marketing automation and lead management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources) and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation (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 CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA), please visit www.cdccorporation.net.
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, and CDC MarketFirst to address the needs of clients such as the ability 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 market,; the continued ability of Pivotal CRM and MarketFirst solutions to address enterprise’s business requirements; demand for and market acceptance of new and existing CRM and marketing automation solutions; development of new functionalities which would allow companies to compete more effectively. 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 and MarketFirst to address the needs of clients such as the ability 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 industry; 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.
CDC Corporation
Investor Relations
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
Media Relations
Articulate Communications Inc.
Kate Corcoran, 212-255-0080, ext. 18
kcorcoran@articulatepr.com
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