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Wow......I had forgotten just HOW LONG it had been ~~~ LOL !!
#3 Most people I think are oblivious to the EZnoMO 12/24/2003 12:44:42 PM
Don't get me wrong.....I hope you make a gazzilion on it !
However, I've (was) a long long term holder of CHINA (incl. through other stock buyback programs) ----- perhaps this time
it's different......but, for the most part it's been DEAD MONEY.
But ---- at such a discounted price.....perhaps the upside far outweighs the downside ======= I'll check back in Dec. !
GLTY !!
EZ
Like many stocks, when people start to sell they're almost always "oversold" This stock is very cheap right now, and the following press release is their ace in the hole, in my opinion. Florida CDC Corp and Exec establishing new 10b5-1 trading program to continue share repurchases; China.com is seeking to purchase $10.0 mln of co's sharesFont size: A | A | A7:34 AM ET 4/29/08 | Briefing.com
RELATED QUOTES
4:00 PM ET 5/22/08
Symbol Last % Chg
CHINA 3.37 0.00%
Real time quote.
Co announces that the co and its subsidiaries purchased a total of approximately 3.0 mln shares during 2007 at an average price of approximately $6.31 per share. After accounting for these and other previous purchases, the company has approximately $8.5 mln remaining in its $60.0 mln share repurchase plan. Also during 2007, directors and officers purchased a net amount of approximately 1.8 mln shares. During Q4 2007 and Q1 2008, directors and officers purchased a net amount of approximately 742,137 shares, and the company and its subsidiaries purchased approximately 426,000 shares at an average price of approximately $5.98.
Sure glad I dumped this dog awhile back ----- whew !!
Last Call: CDC falls after 1Q report, downgrade
Thursday May 22, 6:22 pm ET
CDC shares fall in wake of 1st-qtr report with analysts' software concerns, downgrade
NEW YORK (AP) -- Shares of CDC Corp. fell Thursday in the wake of the Hong Kong-based company's first-quarter report as some analysts expressed concerns related to its software business, and a Piper Jaffray analyst downgraded the stock.
The software, gaming and Internet service provider's shares fell 17 cents, or 4.8 percent, to $3.37. In the past year, CDC has traded between $3.21 and $10.22.
Late Wednesday, CDC said it swung to a first-quarter loss but its adjusted results beat analysts' views.
Piper Jaffray analyst Ajaykumar Kasargod downgraded the stock to "Neutral" from "Buy" and cut his price target to $4 from $4.50 in a Thursday client note.
The analyst cited possible economic and competitive headwinds impacting CDC's software business, and pointed out that CDC Software's first-quarter license revenue declined 13 percent year over year.
Kasargod also expressed concerns about possible issues CDC's gaming unit, CDC Games, may face.
The unit reiterated its second-quarter outlook despite shutting down operations from Monday through Wednesday for a national mourning period for the victims of China's recent earthquake. Other Chinese online gaming companies shut down during the period as well.
Kasargod thinks the "unprecedented nature of the event" and concerns related to the impact the upcoming Beijing Olympics could have on online gaming "could provide additional headwinds."
Also Thursday, Brean Murray Carret & Co. analyst Andrey Glukhov, who rates the stock "Hold," said in a client note that CDC's first-quarter results were not surprising and that its software business "remains under pressure."
I e-mailed their U.S. p.r. lady, and even e-maile the companys own release this morning, in which they announced that their buyback program was still in effect. My question to the comany was, "when" will they start repurchasing these shares ???? My advice was do it as quickly as possible and stop this downtrend that the stock is now in. Regards, Florida
Thanks for that post.
If yesterdays after hours trading was any indication, this stock doesn't look very popular right now. An analyst cut it from buy to hold this morning. The only thing that could get it moving upward again, is the promised buyback of some 10 million shares. The only problem is, that CHINA, hasn't even announced "when" this buyback will begin???? It can't happen too soon for me, as we need some help from our board of directors, and quickly, to prevent this stock from going any lower than it is right now. Obviously, many shareholders viewed the conference call, and the company's comments, as not very favorable. Otherwise, why would it drop another 29 cents in yesterdays late trading???? I intend to send this message to the company, via our public relations company this morning. Florida
CDC reported "break-even" earnings for 1st quarter. Even though that may appear disappointing, it exceded analysts estimates of a loss of .01/share. What will tha mean tomorrow, since they posted the earnings call after close of business today?
China.com Seeks Approval from Its Independent Shareholders to Purchase up to $10 Million of CDC Corporation Common Shares
CDC Corporation, (NASDAQ: CHINA) focused on enterprise software and online games, today announced that its majority-owned subsidiary, China.com, has filed an announcement with the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited, or Hong Kong GEM Market, in which China.com seeks approval from its independent shareholders to purchase up to $10 million of CDC Corporation’s stock. In the filing, China.com stated that it has been exploring opportunities to enhance its investment yields and maximize shareholder value, and determined that a purchase of CDC Corporation shares would help achieve that goal.
Should China.com’s independent shareholders approve the proposal to purchase these shares of CDC Corporation, China.com intends to form an independent committee of its board of directors. This committee will be authorized to set the price and volume limits for the share purchase plan which must be effective on or before September 30, 2008. Additionally, the per share purchase price limit must not exceed $8 per share. A vote of China.com’s independent shareholders on the proposal is expected to occur approximately 14 days after the Hong Kong GEM Market approves the informational materials to be distributed to shareholders. Subject to receipt of approval from the Hong Kong GEM Market, China.com expects to distribute the informational materials to its independent shareholders on or before April 22, 2008.
Keep going CHINA We need of that money back on American soil!!!
Made out well today, thanks.
CDC Software Signs Agreement to Acquire Controlling Stake in ISL, a Leading Provider of ERP Solutions in Southern China
ISL to Be the Fifth Company to Join the CDC Software Franchise Partner Program and the First in China
CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software applications and business services, today announced it has signed an agreement to acquire a 51 percent stake in Integrated Solutions Limited (ISL), a Hong Kong-based vendor of ERP systems designed for small and medium-sized discrete manufacturers in China. The parties expect to complete the transaction by the end of March 2008.
Founded in 1985, ISL mirrors CDC Software’s focus and success as a vertical industry specialist. The company provides complete ERP solutions designed to address the needs of small and medium-sized discrete manufacturers in the electronics, toy, watch and furniture industries in China. ISL has more than 150 customers in southern China, including Ansen Electronics, Artfield Manufacturing, Verint Systems, Unilux Time, and Kendy Enterprise. The company has received numerous industry awards including HKMA Quality Award, which is modeled after the prestigious Malcolm Baldridge award in the U.S.; the Most Outstanding Customized Application Developer award from Microsoft; and the Windows Server 2003 Challenge from Microsoft.
The ISL e-M-POWER ERP suite is a complete solution that addresses purchasing, sales, inventory, production, mold management, finance and compliance for small and medium-sized discrete manufacturers. With company headquarters in Hong Kong, ISL has been successfully selling and deploying these solutions throughout southern China. As part of CDC Software, these solutions will be marketed and sold throughout greater China with future plans for expansion into additional territories throughout Asia. ISL is also a Microsoft Gold Certified Partner and its e-M-POWER applications are constructed using .NET Framework Platform and Microsoft Visual Studio .NET 2008 as the development tools. The system design is based on leading Microsoft standards, and is highly complementary to the design of CDC software applications such as Pivotal CRM and the Platinum HRM solution sold exclusively in China.
“This pending acquisition is another great example of our flourishing ‘acquire, focus and grow’ strategy,” said Eric Musser, CEO of CDC Software. “Much like CDC Software, but on a smaller scale, ISL has been very successful as a vertical industry specialist. ISL comes to us with a proven track record of successful implementations for small and medium-sized discrete manufacturers in southern China. We intend to leverage their specialization to help them gain additional competitive advantages, and grow the company beyond their current focus in southern China. Greater China is a strategic geography for us and we believe the territory holds a significant opportunity with many small and medium-sized discrete manufacturers that need cost-effective ERP systems to improve the management of their operations and proactively demonstrate their quality control and regulatory compliance initiatives for safety-conscious customers around the globe.”
“We are very happy to soon join the CDC Software family,” said Hilton Law, CEO of Integrated Solutions Limited. “Acquired companies have been flourishing under the CDC Software umbrella and we believe we are another great fit for their ‘acquire, focus and grow’ strategy. Together, we will build on the ISL foundation and pursue new geographies with the goal of achieving the same success, on a much broader scale, as we have already achieved in southern China.”
“We will help ISL leverage the deep global infrastructure of CDC Software in more than 50 countries and its 500 distribution partners,” said Raymond Ch'ien, chairman of CDC Corporation. “Our long-range goal will be to leverage our global infrastructure and proven success with targeted software solutions to take the ISL discrete ERP solutions in emerging markets such as the Middle East, southeast Asia, India and others. China is a strategic growth market for CDC Software and we expect to accelerate our investments here. Our ISL investment further illustrates our strong commitment to the China market and is another example of our ability to help smaller software companies that want to rapidly accelerate their growth and competitive advantage through the CDC model of enhanced focus and expanded distribution.”
The pending acquisition of ISL will be the latest addition to CDC Software’s Franchise Partner Program formed in April 2006. Through the Franchise Partner Program, CDC Software establishes strategic relationships with partners in selected geographies through majority control, as well as minority investments. In addition to the investment in ISL, CDC Software currently has four other Franchise Partners located in India, Argentina, Spain and Mexico.
The acquisition of ISL is subject to standard closing conditions, including the completion of due diligence by CDC Software.
About Integrated Solutions Limited
Integrated Solutions Limited (ISL) has been a manufacturing software applications developer since 1985. ISL emphasizes the improvement of its products and its services to address the needs of small and medium sized discrete manufacturers in Hong Kong and the Southern China region. The award-winning e-M-POWER ERP suite used by more than 150 customers is a compete solution that addresses purchasing, sales, inventory, production, mold management, finance and compliance for small and medium sized discrete manufacturers. For more information about ISL, please visit www.isl.com.hk.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA), please visit www.cdccorporation.net.
About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), CDC Supply Chain (supply chain management, warehouse management and order management), Pivotal CRM and Saratoga CRM (customer relationship management), CDC MarketFirst (marketing automation and lead management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources) and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation (NASDAQ: CHINA) 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 the CDC Software Franchise Partner Program
The CDC Software Franchise Partner Program, established in April, 2006 funds CDC Software’s investments, through majority control or minority stakes, in strategic partners located in high growth geographies that include Latin America, India, China, the Middle East and Eastern Europe. CDC Software’s investments in these companies facilitate expansion of their global distribution footprint, as well as help partners grow their business. Franchise Partner investments are targeted toward companies in high-growth geographies and so far the program has invested in five partners located in Latin America, India, China and Europe.
CDC Games Says 3 Games See Record Growth
Thursday February 14, 9:59 am ET
CDC Games Says 3 Games See Record Average Daily Revenues During Chinese New Year
NEW YORK (AP) -- CDC Games, the online and mobile gaming unit of Hong Kong-based CDC Corp., said Thursday three of its games -- "Special Force," "MIR III" and "Shaiya" -- reported record average daily revenues during Chinese New Year.
For the period of Feb. 6 to Feb. 12, average daily revenues for "Special Force" rose 450 percent, while "MIR III" rose 50 percent and "Shaiya" rose 40 percent, all compared with the fourth quarter of 2007.
The games currently make up more than 70 percent of the company's average daily games revenue in China.
CDC Games also said that the average daily revenue for all its games in the fourth quarter has risen about 16 percent over the third quarter.
CDC shares rose 4 cents to $4.12 in morning trading.
I have about 40% of ETFC that I had wanted to get.. Missed the chance to add on Monday because as usual I was being a bit obtuse.. Some times I wonder I am still around considering my reaction time.. lol..
Any case, ETFC as you know was going nuts earlier in the morning hitting mid 5 almost before pulling back.. I hope it goes over 5 by the close .. Makes it marginable and a new ball game..
I only wish you the very very best w/ China and
everything else too.
fwiw ---- dipped my toe in the ETFC water (as long term
hold).
I will continue to hold and see how it pans out this year since I am too stubborn to sell here.. at the low end of 52 week range with p/s and valuation on the cheap.. They have to be closed to a few milestone as far as splitting the company and settling lawsuit etc..
However, since you are out, live long and prosper.. and see you around.. At least FUQI doing well today so I am not overly pissed :o)
SOLD ~~ <all out>
CHINA @ 4.19
(never looking back)
GLTY !!!!!
CHINA is looking good in an uptrend, and it is still prior to Q4/FY reporting. I would like to see us close above 4.12 and maybe even 4.23 in the next day or two.
CHINA ~~~~ Press Release Source: CDC Games
CDC Games Launches New Online Game `16Pounds' in Thailand
Monday January 28, 7:30 am ET
Also, Upcoming Launch of Lunia Online in North America Recognized in "Best New Game" Rankings by Popular Game Portal
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 the commercial launch of its new game, 16Pounds, in Thailand through its local distribution partner, Silver Coins Co. Ltd. CDC Games also announced that its upcoming new game for the U.S. market, Lunia Online, was voted by the fans of mmosite.com as one of the top five games in the “Best New Game” category.
16Pounds is a casual online bowling game with more than 40 unique characters rendered in full 3D cartoon animation. The user interface for 16Pounds is designed for broad audiences regardless of gender and age, requiring minimal learning or prior games skills. The game has been sub-licensed to Silver Coins, by CDC Games International (CGI), a subsidiary of CDC Games. Silver Coins is one of the fastest growing online games publishers in Thailand, and its first online game peaked with the second highest number of concurrent players at the time. Silver Coins also has a well established distribution channel and strong partnerships with local media.
CGI was established in 2007 to leverage the domain expertise of CDC Games to seek out licensing opportunities that are intended to help the company enter targeted global markets including Japan, North America and southeast Asia. CGI intends to launch new online MMO games in Japan and North America through its own operations. CGI has now launched Minna de Battle in Japan, and 16Pounds in Thailand.
“We have successfully launched our first two games outside of China including the launch of Minna de Battle last December in Japan, and 16Pounds this month in Thailand,” said Jeff Longoria, president of CDC Games International. “We are also on track to launch Lunia Online in North America later this quarter. With the momentum we are building in China with new games such as Special Force, and our growing portfolio of games within CGI, we are establishing ourselves as one of the global leaders in online games.”
Lunia Online, developed by Korea-based ALLM Co., Ltd., is based on the manga style of Japanese comics which is widely popular throughout the world. This style of Japanese comics is currently a more than $200 million industry in the U.S. according to Publishers Weekly.
“We are excited that Lunia Online is receiving such impressive recognition and anticipation from the fans of one of the most popular games portals,” said Ron Williams, general manager of CDC Games USA. “Not only is Lunia Online considered one of the top five best new games on mmosite.com, but it also was nominated as the ‘Favorite F2P (free to play) Game,’ as well.”
Lunia Online is currently in open beta testing and is planned for commercially availability in the first quarter of 2008. Unlike many other massively multiplayer online roll-playing games (MMORPGs) currently on the market, Lunia Online, an action arcade game, is designed to be played like console games which are widely familiar to U.S. players.
Mmosite.com is a game portal providing comprehensive online game information and services for global gamers. MMOsites serves as a platform for users to communicate and exchange ideas with one another.
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 July 2007, Special Force has consistently ranked in the Top 10 downloaded games in China and becoming the top revenue producer for CDC Games. Currently, CDC Games offers six popular MMO online games in China that include: Special Force, Yulgang, Shaiya, Mir III, Shine and Eve Online. In March 2007, the company announced the formation of CDC Games Studio to establish strategic relationships with selected games development partners to accelerate the development of new, original online games for China and other targeted global geographies. 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 launched Minna de Battle in Japan in December 2007, and 16pounds in Thailand in January 2008. CGI is also planning to launch Lunia Online in the U.S. 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 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 our ability to enter targeted global markets including Japan, North America and southeast Asia, our ability to launch new and existing online games through our own operations, or through business partners, our ability to launch games on a timely basis, including our ability and plans to launch Lunia Online in North America later this quarter, our beliefs regarding our success in becoming a global leader in online games, our planned commercial availability of Lunia Online in the U.S. in the first quarter of 2008, our ability to launch other games during 2008, our statements regarding the popularity of Lunia Online, and other statements that are not historical fact but are based on 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. 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 Games
can't hurt, 'eh !!
Yes, certainly good news. Insider buying ahead of reporting Q4/FY results.
Let's hope so.. I also have ETFC (a small position from low 3) so overall over time I am not that worried.. Expecting meaningful recovery in the portfolio by the end of the year..
I always have you top of mind whenever I see/post
anything on CHINA ----- I hope it becomes ONE of
your biggest profit makers one day !!
I have my EXIT price established ----- may take
awhile to get there, but once it does, I'm out
completely. Just tired of the wishing/hoping.
I get enuf' grief w/ HRCT on that front
p.s. Hi MBR !!!!!
One of these days it will hopefully making meaningful recovery again.. In the meantime, continues to be my largest holding thereby depressing my results as well as me..
up nicely in pre-market !!
7:31AM CDC Corp provides update on insider buying (CHINA) 4.00 : Co announces that directors and executives have purchased a net amount of ~632,825 shares since the co's Q3 earnings release on December 14, 2007. This includes additional purchases made by the CEO through a 10b5-1 plan since the last update on insider buying issued by CDC Corporation on December 28, 2007. Certain directors and executives, including the CEO, have entered into 10b5-1 trading plans which facilitate purchase and sale of the common shares and allow trading in the shares during trading blackout periods through pre-arrangements with a broker, based upon specified guidelines and parameters set forth in the trading plans.
I'm waiting until Q4 results and I would like to see it break resistance @ $4.07. Then we might have a breakout.
CREE is helping me today throughout the day.. Considering the large short interest and forecast already given, I am hopefully the prices go a lot higher..
I've got the cash....... But do I want to throw some more into this slacker? :~)
CREE rockin' and rollin'!
Too bad I don't have any cash left for anything but I don't think all these stink bids will amount to anything.. Look for sanity to return..
If you are not buying anything and keep your cool and blood pressure in check, it might be interesting to watch the extreme volatility today..
Big reds here all over the map..
CHINA being bid in pre-market at $1.26 !!!
Press Release Source: CDC Software
CDC Software's Ross Enterprise Helps Juice Harvest Grow without Sacrificing High Quality Standards
Tuesday January 22, 7:30 am ET
Maker of Fresh Juices, Cut Fruit and Vegetables Gains New Business and Faster Lot Traceability Using Ross Enterprise Applications
ATLANTA & HONG KONG--(BUSINESS WIRE)--CDC Software, a wholly owned subsidiary of CDC Corporation and a provider of industry-specific enterprise software applications and business services, announced today that Juice Harvest, a leading maker of fresh juices, cut fruit and vegetables, has reported better lot traceability and improved costing accuracy and audits, which have helped result in new business since implementing CDC Software’s Ross Enterprise suite of applications.
Juice Harvest’s commitment to freshness and quality has earned the company an impeccable reputation in its industry and has contributed to annual sales growth of 25 to 28 percent, without marketing or advertising. Many well-known national retailers carry Juice Harvest’s wide assortment of products in their Western U.S. stores.
Juice Harvest’s legacy ERP system was unsuitable for process manufacturing and unable to handle the large volume of data Juice Harvest processes daily, so it set out to find a replacement solution from a vendor with a strong background in food and beverage manufacturing. Juice Harvest purchased the Ross Enterprise applications from CDC Software in December 2005 and went live on all core ERP modules in September 2006.
Using the Ross Enterprise applications, Juice Harvest is performing mock recalls in less than an hour, whereas previously, it took five to seven senior managers almost an entire work-day. With this capability, Juice Harvest now faces customers’ audit teams with increased confidence. “We were recently audited by a firm who conducts fresh juice audits for some key well known national retailers,” said Ricki Reves, Juice Harvest’s chief financial officer. “We received a 98 percent score, which is outstanding.”
Juice Harvest recently added one of the world’s largest national retailers as a new customer. “We believe this is business we would absolutely not have been able to secure without the Ross Enterprise system,” said Reves.
Additionally, Juice Harvest has also noted that product cost accuracy has improved dramatically, enabling improved decision-making and new business growth. With Ross, Juice Harvest has more recipe management flexibility and can store alternative ingredients and multiple versions of the same recipe, enabling the shop floor to make instant ingredient adjustments or substitutions.
Juice Harvest plans to expand Ross Enterprise beyond its core ERP functionality with Ross Data Collection, Sales EPM (enterprise performance management), Finance EPM and Demand Planning. “The Ross Enterprise system has provided us with a solid foundation for continued success,” said Reves. “As we continue to grow, it’s good to know that the Ross Enterprise family of complementary applications from CDC Software was built from the ground up to work together and be deployed rapidly.”
“Our Ross Enterprise for Food and Beverage solution is engineered to solve the business and regulatory challenges that processors such as Juice Harvest face everyday,” said Beth Berndt, director, Industry Solutions, CDC Software. “This expertise in the food and beverage industry enables our customers to help take full advantage of their IT investment, offer the highest quality products and improve the way they do business.”
About Ross Enterprise for Food and Beverage
Ross Enterprise is CDC Software’s comprehensive suite of applications for food and beverage manufacturers. The suite of applications includes enterprise resource management (ERP), supply chain management (SCM), warehouse management, customer relationship management, real time performance management and business analytics. Together, these systems address the unique challenges in food and beverage including the need for detailed product costing and profitability analysis, management of pricing and promotions, optimized forecasting and scheduling, improved order fulfillment and customer service, inventory optimization with minimal spoilage, and compliance with food safety regulations and mock recalls. Ross Enterprise is used worldwide by over 1,200 companies including Boar's Head, Kerry Ingredients, Cheesecake Factory, Pez Candies, Nellson Nutraceuticals, Hilmar Cheese, Michael Angelo’s and Litehouse Foods. For more information, visit www.rossinc.com.
About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), CDC Supply Chain (supply chain management, warehouse management and order management), Pivotal CRM and Saratoga CRM (customer relationship management), CDC MarketFirst (marketing automation and lead management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources) and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation (NASDAQ: CHINA - News) and is ranked number 12 on the MBT 2007 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA - News), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements relating the ability of customers to attract new business that would otherwise not be attainable without our applications, the ability to increase cost accuracy and audit performance, the ability to handle large volume of information, to handle recalls quickly, to make better decisions and to grow a customer’s business, statements relating to our customers’ plans to expand functionality and purchase new applications from us, the ability to provide improved recipe management, solve business and regulatory challenges successfully, the ability to take full advantage of IT investment, produce a higher quality product and improve the way our customer’s do business, the ability of Ross Enterprise reducing time for mock recalls, improved quality audits, meeting regulatory requirements and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements including, among others: the conditions of the process manufacturing industry; the continued support of our existing customers; the continued ability of Ross Enterprise solutions to address industry-specific requirements of companies in the process manufacturing industry; demand for and market acceptance of new and existing Ross Enterprise solutions; development of new functionalities which would allow process manufacturers to compete more effectively and changes in the type of information required to compete in the process manufacturing industry. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
Contact:
CDC Corporation
Investor Relations
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
Articulate Communications Inc.
Media Relations
Kate Corcoran, 212-255-0080, ext. 18
kcorcoran@articulatepr.com
--------------------------------------------------------------------------------
Source: CDC Software
gave my thoughts in #929 already.....but, they're getting
a lot of coverage TODAY:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26068095
Growing by leaps and bounds but continues to lag in sp appreciation.
Like Sultan sEZ...... "What's wrong with this picture?"
5+ could happen this week it looks like
Could not agree more ~~~~ at times, I think it is just
the ticker symbol.........like it or not, some people
HATE China --------- and that's what they mentally see:
CHINA
<< I sent the company an email years ago and suggested
to them to change symbol ----- reply was that it would
be too expensive to do it. >>
Ya right........"expensive to the shareholders" to NOT do it!!
Great.. and we have a market cap just over 1 time sale .. What is wrong with this picture despite pressure on the markets.. Hope we do get back to double digit this year..
CHINA ~~ Press Release Source: CDC Software
CDC Software Expects Record Revenue of $92 to $95 Million for the Fourth Quarter of 2007
Thursday January 17, 7:47 am ET
ATLANTA & BEIJING--(BUSINESS WIRE)--CDC Software, a wholly-owned subsidiary of CDC Corporation, (NASDAQ:CHINA - News) and a leading provider of industry-specific enterprise software applications and business services, today announced preliminary revenue results for the fourth quarter of 2007.
Based on preliminary financial data, CDC Software expects total revenues for the fourth quarter of 2007 ended December 31, 2007, to be between US$92 million and US$95 million, which would be a record for the company and an increase of 35% to 39% from US$68.3 million in the fourth quarter of 2006. Software license revenues are expected to be between US$17.5 million and US$18.5 million which would represent an increase of 14% to 20% from US$15.4 million in the fourth quarter of 2006.
"We are proud to finish 2007 off on a strong note as CDC Software achieved several significant milestones from a growth and operational perspective during the year," said Eric Musser, President and CEO of CDC Software. "We have grown our revenues at a significantly higher rate than the overall software industry, which is the result of our vertical focus, strong execution and well-targeted acquisitions."
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ:CHINA - News), please visit www.cdccorporation.net.
About CDC Software
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), IMI (warehouse management and order management), Pivotal CRM and Saratoga CRM (customer relationship management), CDC MarketFirst (marketing automation and lead management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources) and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the enterprise software unit of CDC Corporation and is ranked number 12 on the Manufacturing Business Technology 2007 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected revenues, expected cost savings from restructurings and headcount reductions, expected effects on profit margins, and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including the following: (a) the ability to realize strategic objectives by taking advantage of market opportunities in targeted geographic markets; (b) the ability to make changes in business strategy, development plans and product offerings to respond to the needs of current, new and potential customers, suppliers and strategic partners; (c) the effects of restructurings and rationalization of operations; (d) the ability to address technological changes and developments including the development and enhancement of products; (e) the entry of new competitors and their technological advances; (f) the need to develop, integrate and deploy enterprise software applications to meet customer's requirements; (g) the possibility of development or deployment difficulties or delays; (h) the dependence on customer satisfaction with the company's software products and services; (i) continued commitment to the deployment of the enterprise software solutions; (j) risks involved in developing software solutions and integrating them with third-party software and services; (k) the continued ability of the company's enterprise software solutions to address client-specific requirements; (l) demand for and market acceptance of new and existing enterprise software and services and the positioning of the company's solutions; and (m) the ability of staff to operate the enterprise software and extract and utilize information from the company's enterprise software solutions. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2006 on Form 20-F filed on July 2, 2007. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
Contact:
CDC Corporation
Investor Relations:
Monish Bahl, 678-259-8510
MonishBahl@cdcsoftware.com
or
Media Relations:
CDC Software
Scot McLeod, 770-351-9600
ScotMcLeod@cdcsoftware.com
--------------------------------------------------------------------------------
Source: CDC Software
WOW ~~~ CDC CORPORATION CL-A (NasdaqGS:CHINA)
Pre-Market: 4.24 +0.42 (10.99%) as of 8:14AM ET on 01/17/08
===================================
7:48AM CDC Corp subsidiary CDC Software expects total revs for 4Q07 ended Dec 31, 2007, to be between $92-$95 mln (CHINA) 3.82 : Co announces that its subsidiary CDC Software expects total revs for Q4 of 2007 ended Dec 31, 2007, to be between $92-$95 mln, which would be a record for the co and an increase of 35% to 39% YoY. Software license revenues are expected to be between US$17.5 million and US$18.5 million which would represent an increase of 14% to 20% from US$15.4 million in the fourth quarter of 2006.
Those seem to be pretty healthy growth rates. Too bad no one cares..........
Right.. just hope the year gradually recovers.. as long as the company executes hopefully we will come back.. provided the economy does not end up with a big "R"
very tough swimming against the TIDE right now ------ on
"anything" !!!
Hovering around 4 .. sigh.. too many stocks are at 52 week and multi year lows so who knows when and how 2008 shapes up.. Bummer.. Looks like keeping a trading stance on many last year would have helped.. Now it is a waiting game..
CDC Games Provides Update on Key Performance Metrics and Launch of First Game in Japan
--------------------------------------------------------------------------------
BusinessWire
07:30 a.m. 01/09/2008
BEIJING, Jan 09, 2008 (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, as well as the commercial launch of Minna de Battle in Japan.
Average daily revenue across the company's six games in China grew by approximately 16 percent from Q3 to Q4 2007. The company's progress with its stated objective of revenue diversification continued in December, with Yulgang revenues accounting for approximately 41 percent of the total and the company's five newer games: Special Force, Shaiya, MIR III, EVE Online and Shine Online accounting for approximately 59 percent. Total registered users across all of the company's online games exceeded 128 million as of the end of December.
Special Force continued to show strong growth trends. Compared to November 2007, key metrics for Special Force in December 2007 were:
-- Average daily revenue growth of 120 percent;
-- Growth in total registered users of 23.8 percent, now totaling more than 11.8 million;
-- Growth in peak concurrent users (PCU) of 30 percent; and
-- Growth in average concurrent users (ACU) of 30 percent.
Average daily revenue during Q4 2007 for Special Force grew by 271 percent compared to average daily revenue during Q3 2007.
Average daily revenue during December 2007 for Shaiya Online grew by 17.3 percent compared to average daily revenue during November 2007. Average daily revenue during Q4 2007 grew by 22 percent compared to average daily revenue during Q3 2007. Additionally, average daily revenue during December 2007 for MIR III grew by 6.9 percent compared to average daily revenue during November 2007. Although average daily revenue during December 2007 for Yulgang declined by 30.5 percent compared to average daily revenue during November 2007, the game produced an overall increase in average daily revenue of 3.2 percent from Q3 to Q4 2007.
Upon the completion of a successful open beta test program of Minna de Battle in Japan, the game was launched commercially on December 20, 2007 by CDC Games Japan K.K., a subsidiary of CDC Games International (CGI). This free-to-play, pay-for-merchandise 3D casual game features a range of martial arts skills (Taekwondo, Kung Fu, Boxing, Kobudo), boasting simple game play with support for gamepad input devices. Game modes include Team Play, Battle Mode and Rumble Mode. The Minna de Battle website ( http://www.minbat.jp/ ) is available for registration and download of the game in Japan.
"We are pleased by the return of CDC Games to quarter-over-quarter revenue growth from Q3 to Q4 and we are also encouraged by the start of Q1. We are also pleased with the initial results during the first 19 days of commercially availability for Minna de Battle, our first game commercially launched outside of our mainstay China market," said Jeff Longoria, president of CGI. "We are seeing an average revenue per user (ARPU) which is two to three times greater than our average ARPU in China which is consistent with our expectation of the online games market in Japan. In addition, the average PCU for Minna de Battle during the most recent 10 days of commercial service grew by 33 percent compared to the PCU for the first 5 days of commercial service. Based on these early observations, we believe we are off to a good start with our first game outside of China and look forward to the targeted launch of Lunia Online in North America later this quarter."
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 December 2007, CDC Games launched its first online game in Japan, Minna de Battle. 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 to launch Lunia Online in the U.S. 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 Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (CHINA), please visit www.cdccorporation.net .
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the ability of CDC Games to 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, diversify our revenue and achieve or maintain quarter over quarter revenue growth, the ability to upgrade and release new games and newer versions of existing games and the timeliness thereof, our belief regarding growth trends for our new and existing games, our ability to complete successful open and closed beta tests in the future, our ability to maintain successful commercial performance and average revenue per user and peak concurrent users for Minna de Battle, our ability to launch additional games both inside and outside of China 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 successfully develop, license and market first person shooter and other games; (c) the future growth of the online games industry in the China market and 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.
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
5 bucks ? .. aargh.. Give me a break..
HNY !!!!
Zacks.com
CDC Corp. Remains a Buy
Monday December 31, 9:58 am ET
By Paul Cheung, CFA
A recent pullback in share price on Chinese Internet content provider CDC Corporation (NasdaqGM: CHINA - News) appears to provide a good entry point, according to Zacks senior Chinese market analyst Paul Cheung, CFA:
\'CDC\'s revenue for the third quarter of 2007 increased 27% year-over-year. However, its adjusted EPS missed market expectations by four cents due to lower revenues from its online gaming business and its wireless business. 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 15.8x, which is much lower than the industry mean. Based on our estimate for fiscal year 2008 earnings per ADS, the stock is trading at 14.7x, which is also much lower than the industry mean. Using a P/E multiple of 18.0x our fiscal year 2008 earnings per ADS estimate of $0.28 yields a target price of $5.00, which can reflect company\'s great growth prospects, in our view.\'
Read the full analyst report on CHINA.
A little comforting to know that the insiders are still confident.
Sector Snap: CDC Jumps on Buyback Update
Friday December 28, 12:33 pm ET
By Rachel Metz, AP Business Writer
CDC Shares Rise With Share Buyback Update, Perfect World Rises After Launching Expansion Pack
NEW YORK (AP) -- Shares of CDC Corp. soared ahead of the Chinese Internet sector Friday after the gaming and software company said its directors and executives repurchased about 468,000 of its shares under a prearranged trading program in the last nine trading days.
CDC shares rose 97 cents, or 23.6 percent, to $5.08 in high-volume trading. In the past year, the stock has moved between $3.69 and $11.45.
The buyback adds to the 366,000 shares CDC had already bought back in the current quarter for $2.3 million.
In a phone interview Friday, Pacific Growth Equities analyst Derrick Wood said the share buyback news was a catalyst that caused the stock to rise.
Wood said that the company's specific mentioning of directors and executives buying back the shares surprised him, and shows investors that the buyers have confidence in the company.
"I think that the heavy insider buying as of late has certainly helped people understand the stock is probably undervalued and has been oversold," he said.
Meanwhile, American Depositary Shares of online gaming company Perfect World Co. rose 14 cents to $28.13.
Perfect World said Friday that it released a new expansion pack for the game "Legend of Martial Arts" on Dec. 20 called "Born to Be King." The pack includes new rewards and new content including "Clan Base System" and "Advanced Territory Battle System."
Competitor The9 Ltd.'s ADS declined 55 cents to $21.76, while NetEase.com Inc. declined 9 cents to $18.94.
Elsewhere in the sector, shares of Chinese Internet portal operator Sohu.com Inc. shed 29 cents to $53.85, while rival Sina Corp. declined 90 cents to $44.05.
http://biz.yahoo.com/bw/071228/20071228005041.html?.v=1
Nice move premarket.. It should continue.
Lot of blowups for me where I have given back 50% or more from 52 week high.. latest screwup is PALM where the company is a couple of quarters or more away from any real breakthru.. More stocks to sell..
Would I add to CHINA ?? Leery since even when things were rolling nicely the stock was having a tough time around 10-11 so sure it can easily gain back 50-60% from here but would it go into teens where we had expected them.. I am already overweighted there.. But who knows.. I am not exactly a smart guy..
Yeah, I'm about at my $ limit into this one. Do I dare buy more?
Already sold off and lost on my more expensive lots from years ago at the end of last year.
Would have been better off purchasing 2-300k shares of HRCT. lol!
Or 2-3k PEIX a month ago. :~(
Hope you all have a Merry Christmas and prosperous "08" too.
Think CHINA at 4 is no brainer for next year but I am already in from much higher prices.. lol..
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