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Noah Education Rolls Out DLDs with Graphic Calculator Technology into Schools in Liaoning Province
Wednesday January 23, 8:00 am ET
SHENZHEN, China, Jan. 23 /Xinhua-PRNewswire/ -- Noah Education Holdings Ltd. ("Noah") (NYSE: NED - News), a leading provider of interactive education content in China, today announced that Noah's first handheld digital learning device (DLD) with graphic calculator technology will be rolled out into 14 middle schools in the cities of Shenyang and Fushun in Liaoning Province.
"The successful roll out of Noah's DLD incorporating graphic calculator technology is an important step forward in China's use of educational technology," said Mr. Dong Xu, Noah's chairman and chief executive officer. "By creating effective visual demonstrations of complicated mathematical concepts and problems, this technology will play an important role as a highly effective complement to traditional mathematical instruction."
Mr. Yu Shengquan, professor of education technology at Beijing Normal University and Leader of the Ministry of Education's task force on Hand-Held Educational Study Systems added, "Noah's graphic calculator technology exceeds the standards set by the Ministry of Education's 11th Five-Year-Plan and is an important step forward in the use of educational technology in China's schools. We feel that this should be an excellent tool to help students explore and learn advanced mathematical concepts."
Noah is planning to work with additional provinces in China to roll out DLD's incorporating graphic calculator technology into more schools in 2008.
Commenting on Noah's strategy, Mr. Xu concluded, "As part of our ongoing efforts to provide the very best supplemental education content and services to China's 210 million school children aged 5 to 19, Noah will continue to leverage technology to create unique educational products that bring traditional learning to life and help students succeed."
About Noah
Noah Education Holdings Limited ("Noah") (NYSE: NED - News) is a leading provider of interactive education content in China. Noah develops and markets interactive multimedia learning materials mainly to complement prescribed textbooks used in China's primary and secondary school curricula. Noah delivers content primarily through handheld digital learning devices, or DLDs. In 2007, Noah opened its first after-school tutoring center in Chengdu, China as part of its strategy to become China's leading brand in supplemental education content and service. For more information about Noah, please visit http://www.noahtech.com.cn .
For investor and media inquiries, please contact:
In China:
Rick Chen
Noah Education Holdings Limited
Tel: +86-755-8204-3465
Email: rick_chen@noah21cn.com
Cathy Li
Ogilvy Public Relations Worldwide (Beijing)
Tel: +86-10-8520-6104
Email: cathy.li@ogilvy.com
In the United States:
Jessica Cohen
Ogilvy Public Relations Worldwide (New York)
Tel: +1-646-460-9989
Email: jessica.cohen@ogilvy.com
--------------------------------------------------------------------------------
Source: Noah Education Holdings Limited
NED Dipped under $5 today to $4.81. Dow Drops 465 Points. ~ASW~
The Fall and Fall of China
http://www.fool.com/investing/high-growth/2008/01/17/the-fall-and-fall-of-china.aspx
Rick Aristotle Munarriz
January 17, 2008
If you think that some of your investments in Chinese stocks have been faltering lately, just imagine if you had backed up the truck on some of the country's more recent stateside IPOs.
It's not pretty. Take a look.
IPO
Date
IPO
Price
1/16/08
Price
Loss
Xinyuan Real Estate (NYSE: XIN)
12/11
$14.00
$9.90
(29%)
ChinaEdu (Nasdaq: CEDU)
12/10
$10.00
$6.85
(32%)
China Nepstar Chain Drug (NYSE: NPD)
11/8
$16.20
$13.94
(14%)
Giant Interactive (NYSE: GA)
10/31
$15.50
$11.44
(26%)
We're not talking dog stocks, either. Nepstar, a leading drugstore chain in China, was supposed to be an all-weather player. Giant Interactive is the company behind the country's fastest-growing online game. Xinyuan is a homebuilder in a country of 1.3 billion where increasingly empowered citizens want to trade up their homesteads. ChinaEdu is there for the logical vocational enlightenment.
And we're just skimming the surface when it comes to the horror show that some of China's ugliest IPOs have become. Xinhua Finance Media (Nasdaq: XFML) and Noah Education (NYSE: NED) have gone public over the past year, only to find their shares trading today for less than half their IPO prices.
I won't call today the bottom. I haven't earned that right since I failed to call the top. However, I do have some words of encouragement for anyone who still has an oar in the Chinese investing waters.
1. The selloff has made these shares cheaper
Naturally, lower prices make all stocks more compelling values, but have you seen the forward multiples that some companies are fetching these days? Nepstar is trading at 28 times forward earnings. That may seem high for a drugstore chain, but this is a company that is looking to post a 44% increase in earnings growth this year. Giant Interactive's 2008 P/E is just 15, and it, too, is growing at a quicker pace.
Xinhua Finance Media is actually trading for less than 8 times forward profitability. Sure, Xinhua is a tricky one. The company has had its share of scandal in its brief public life. We're also only talking about a single major analyst following the downtrodden stock. However, what if the lone analyst is right?
2. China continues to grow
The economy has been growing at an annualized clip of 10% in recent years. The yuan is appreciating against the U.S. dollar. Those are favorable trends for stateside investors buying into China.
It is more than likely that this year, China will lap the United States to become the country with the most Internet users. Why not? China's population is roughly four times greater than ours. Sure, it doesn't mean that the average Web user in China generates as much in ad revenue or spending as we do for leisure here in the U.S., but that is why Baidu.com (Nasdaq: BIDU) -- by far China's leading search engine -- is trading at a tiny fraction of the market cap commanded by the search engine rock stars closer to home.
3. China will be more important by year's end
Between the Olympics in Beijing this summer and the economy expected to grow at a much healthier rate than the iffy domestic economy, is there any reason to believe that China will be worth less a year from now?
Maybe mainland traders have foolishly bid up prices on some of the country's illiquid securities, but those aren't typically the kind of stocks that we have an opportunity to buy here on the stateside exchanges. As you can tell by pricing some of the companies, the valuations are reasonable and sometimes downright cheap.
I don't know when the market will bottom. I do know that as long as the China growth story remains intact -- and it has, for the most part -- many of the stocks that have been slammed will eventually follow their fundamentals higher.
Have the past few volatile weeks been pretty? No. Then again, sometimes ugly things can be the catalyst for beautiful buying opportunities.
--------------------------------------------------------------------------------
Legal Information. ©1995-2006 The Motley Fool. All rights reserved.
NEW YORK, Jan 15 (Reuters) - China's New Oriental Education & Technology Group Inc (EDU.N: Quote, Profile, Research) said on Tuesday that quarterly revenue growth would be challenging, sending its shares down as much as 31 percent.
The provider of private education services forecast revenue growth of 22 percent to 28 percent for the third quarter ending on Feb. 29. Revenue increased 51 percent in the year-earlier period, when the timing of the Chinese New Year resulted in an extended winter break that allowed students more time to take language-training and test-preparation courses.
In addition, New Oriental said many schools throughout China had decided to shorten this year's winter break by a week or more to extend the summer recess for the Beijing Olympics.
"The reality is that no one will be going to classes when the Olympics is on, and ad rates have been going up and up and up," said analyst Trace Urdan of investment firm Signal Hill.
Inflation resulting from the games could also raise employee wages, Urdan said. "There's a lot of short-term pressure."
In its second-quarter profit report released early on Tuesday, the Beijing-based company said it expected third-quarter revenue of 311.2 million yuan ($42.1 million) to 326.5 million yuan ($44.2 million). According to Reuters Estimates, analysts were expecting $44.1 million for the period.
New Oriental also reported second-quarter profit of US5 cents per share, compared with the analysts' average estimate of US7 cents.
The results were in line with Signal Hill's estimate for 5 cents per share, including costs from stock-based compensation.
New Oriental shares were down $21.86, or 27 percent, at $59.05 in afternoon New York Stock Exchange trade after falling as low as $56.02 earlier in the session.
Shares of another Chinese educational company, Noah Education Holdings Ltd (NED.N: Quote, Profile, Research), were down 54 cents, or 7.5 percent, at $6.66. (Reporting by Chelsea Emery and Ritsuko Ando; Editing by Lisa Von Ahn)
Irons3: Noah S-8 out. 14 JAN 08. ~ASW~
Some of this translation is hard to understand,
but we might have a Tiger by the Tail!
More on NED
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From NED website........
http://www.noahtech.com.cn/index.php/New...
http://www.noahtech.com.cn/index.php/New...
http://www.noahtech.com.cn/index.php/New...
http://www.noahtech.com.cn/index.php/New...
http://www.noahtech.com.cn/index.php/New...
http://www.noahtech.com.cn/index.php/New...
These articles can be translated into English by
http://translate.google.com/translate_t?...
I have stuck the english version below for most of these (except the
first one, its already posted in another thread)..........
________________________________________________________________________________________
Experts say the study of graphing calculator Nuoezhou
Recently, China's first hand-held calculator - Nuoezhou learning
machines graphing calculator in Beijing held a grand conference, from
the community of experts in the fields of computer graphics,
mathematics teaching authority and the media to witness Baitujia
Machine learning of the graphic calculator Nuoezhou the birth, experts
and scholars to give them a high rating:
Beijing Normal University College of Education Professor, Ph.D.,
Beijing Normal University Knowledge Media Research Center Director Yu
Quan:
We started this study in mathematics, through graphic calculator can
promote students deep-seated cognitive thinking, can effectively
support mathematics, algebra some teaching, the development of the
thinking of students, the students will have the ability to explore a
number of very positive impact , the subject of our next stage of a
very important direction is to combine the functions of graphing
calculator Teaching practical to give full play to its role up!
Peking University Institute of Education professor in the Department
of Educational Technology, an expert in the study graphic calculator
Lin Jian-xiang
Completion of this product is a crucial step, but in front of the path
we should also have adequate estimates, it is necessary to make every
teacher, every student can get the benefits of this, we have to do a
lot of publicity to every teacher, each and every student can
understand, the original of a technology are so many good things,
because it is high-level, so it is a complicated matter, and hope that
more and more innovative spirit of the first teachers to use it in the
middle of the process of constantly and sublimation, that more good
experience!
Ministry of Education deputy director of the Central Museum of
electronic teaching Wang Xiao Wu:
Nuoezhou learning machines used in the graphic calculator, claim
history of the development of China's education technology a
breakthrough results and objectively said that the graphing calculator
in promoting China's primary and secondary school curriculum reform,
promoting China's primary and secondary schools Mathematics Teaching
has very important significance! Graphing calculator for math, physics
and chemistry to build a teaching inquisitive learning platform!
By the Beijing Normal University, Nuoezhou electronics companies
shared state, "11th Five-Year" plan educational technology research,
science and technology group based on the success of R & D graphics
computing technologies, the identification of the Group of Experts,
its technical content up to international standards, means that we
China has entered the grasp of the power of technology in the world,
in the domestic market compared with similar foreign products,
independent innovation graphics computing devices with significant
price advantage, for a developing country like China is of great use
value !
Nuoezhou Beijing Normal University jointly successfully overcome the
difficulties of the graphics, and a new generation of Nuoezhou found
Wang handheld learning platform on the innovation of the graphing
calculator, which had close connection with the characteristics of
materials, covering from the Elementary Mathematics to the basic
content of the University of Mathematics, the presentation with
dynamic graphics and intuitive way performance mathematical
principles, thereby reducing the burden of students, allowing students
more time to focus on the concept of understanding the logic that the
high level of logical thinking ability the development, but also to
abstract mathematical language into specific image graphics, and the
effective realization of a number of the full-integration.
Beijing Normal University High School Mathematics Group subsidiary of
the Ministry of Education special teachers teaching certificates Swiss
Review Committee members:
It is the use of graphic calculators give visual perception, and
promote students to the exploration and research to help students
learn better understanding of the mathematical knowledge, but also
make it possible for students omit the calculation is very tired, and
removed some repetitive operation, and concentrate on the time the
problem was detected, ask questions, and analyze and solve problems
contour level thinking capacity development, making the majority of
students to learn more effectively, thereby stimulating learning
enthusiasm and initiative.
Nuoezhou graphing calculator research and development conform to the
requirements of the new curriculum reform for the inquisitive learning
provides an effective tool that can effectively help students to
explore in greater depth the laws of mathematics to study mathematics,
at present, graphing calculator in math Teaching has been written into
the application of the secondary school mathematics teaching
materials, graphing calculator in the successful application of
machine learning is very timely, we can believe in the value of
graphing calculator Mathematics Teaching bound to be more and more to
play Socrates said that education is not indoctrination, but the flame
ignited, Nuoezhou very forward-looking graphics technology will be
applied to machine learning is the flame ignited the fire!
People's Education Publishing House, deputy Middle School Mathematics
pipeline Chinese Society of Education Middle School Mathematics
Teaching Professional Committee members, the Deputy Secretary-General
Zhang Jinsong:
Multiple graphics technology links the performance of powerful
functions, allowing the information technology environment and the
practice of innovation has become a reality, and deepening knowledge
of information technology for the link between content, a better
understanding of mathematical nature of teaching materials to promote
change, and has played a positive role in promoting, we believe that
with the gradual graphics technology popularization and development,
which is bound to teachers teaching methods, students, as well as
teacher-student interaction mode of change have a positive and far-
reaching influence.
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Central Audio-visual Archive: "Nuoezhou learning machine graphic
calculator" expert opinion
Central Educational Technology Museum for "learning machine graphing
calculator Nuoezhou" expert opinions
December 18, 2007, the Ministry of Education Museum in central Beijing
audio-visual education organizations convened a "learning machine
graphing calculator Nuoezhou" experts, surveys, the group listened to
the product research and development report, users report and watched
a demonstration of products (Demonstration Model: Nuoezhou found Wang
NP1100), and the scene in question, after serious discussions and
formed the following opinion:
First, the "graphic calculator Nuoezhou learning machines" to serve as
the main design goals of teaching and learning, the new curriculum
ideas to the guiding ideology and the training of students with the
ability to think independently and innovation capability educational
purposes.
1. Supporting teachers teaching design optimization, through classroom
exercises to help students observe the experiment, understand the
concept and understand the ways to improve teaching effectiveness,
providing a large demonstration courseware will help teachers prepare
lesson in resolving difficult issues, such as graphics rendering,
dynamic demonstration and data processing, and so on, to the
realization of the objectives of teaching.
2. Assisted in the mathematics curriculum for primary students
understand mathematical image parameters and dynamic changes of the
relationship between the visual reflect mathematical principles to
help students of mathematics and logic exploration, hands experience
solution to the problem, increase learning interesting and active , to
train students the ability to think independently.
Second, "Nuoezhou learning machine graphic calculator" with function
mapping and analysis, geometric graphics, computer symbolic algebra,
and data processing procedures, such as basic editing functions, which
covers the number and type equation, function, vector, matrix,
Triangle, statistics, calculus, the mathematical system's Sketchpad,
algebraic calculus, and geometry dictionary function programming,
classic courseware five modules, a more comprehensive function can be
effectively support mathematics teaching in primary and secondary
schools.
Third, "Nuoezhou learning machines graphing calculator," a point touch
input, the freedom to choose targets, pulling zoom, simple and easy
operation, with the current domestic market similar products abroad,
compared to its color display, touch-screen handwriting, all Chinese
user interface features such as ease of use of learners.
Fourth, "Nuoezhou learning machine graphic calculator" by Nuoezhou
education Holdings Limited of independent R & D graphics engine to
fill the domestic handheld graphing calculator technology gap to a
certain extent advanced, advanced, for graphics Calculator in the
universal application of Education created an opportunity.
To sum up: "Nuoezhou learning machine graphic calculator" functional
strong, and better cost with their own intellectual property rights,
filling the domestic handheld graphing calculator gaps identified by
the Expert Group agreed, the proposed promoting the use of .
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Use of animation graphics mathematical calculation Nuoezhou create
fiery classroom learning machine
"Mathematics is too boring, the teacher time to understand,
to their own time and will not do, and really do not like to learn
mathematics," many of these children face parents complain, they often
resort . Mathematics Teaching indeed, there are many problems, it
would be difficult for the children's interest in mathematics and
excited by the positive initiative.
But in Shenzhen Baoan High School, I saw some of the other
scenarios, mathematics classroom teacher is no longer a person's
Arena, the students under the guidance of teachers, with their own
graphics to explore the origins of mathematical principle, that the
graphic geometric proposition , the children's enthusiasm for
mathematics is very high. A math teacher for the school we untie one
of the mysteries of the original children use a graphic calculator
with a learning machine, then this machine learning what magic in the
end, the children will have the changed?
According to report, this has graphics technology learning
machines, we are familiar with the electronics industry leading brand
of education Nuoezhou newly developed products - next generation,
"Wang found" learning machine. It not only can be difficult abstract
mathematical concepts and laws to intuitively learn from the dynamic
graphical display, but can also facilitate the draw points, lines,
angle, round, and other common mathematical graphics, or even to
conduct algebra calculus, multimedia lessons Demonstration of such
powerful features. Experts said that this new technology adapted to
the current requirements of the new curriculum reform, and help from
the traditional "students listen to the teacher," Mathematics Teaching
Learning Mode, open the "graphic teaching" a new era of China's
history of the development of educational technology a revolutionary
breakthrough.
Independent exploration, make a study of mathematics fun
Bruner's educational psychologist in the United States
engaged in the research study found that when, in the process of
teaching students is a positive to explore. The teacher's role is to
form an independent help students explore the situation to enable
students to think, participation in the knowledge acquisition process,
and not readily available to provide students with the knowledge, the
construction of a small living Collection Stack. Students are not
passive, and passive recipients of knowledge, but the initiative, and
actively explore the knowledge, learning in the dominant position.
State "mathematics curriculum standards," pointed out:
"Teachers should help students independently explore exchanges and
cooperation in the process of really understanding and grasp of basic
math knowledge and skills, and mathematical thinking and methods,
access to a wide range of mathematical activities experience." Rather,
New Curriculum hope that students from a purely memory, calculation of
scientists to study the thinking process. The reality is that, "pencil
and paper" approach to mathematics teaching, to make the students a
lot of time and energy spent on tedious figures and symbols on the
calculus. Beijing Institute of Education mathematics teaching and
research director, special math teachers Caofuhai said that the
destruction of the area students interested in mathematics has become
boring for the other students have also hindered access to the
inherent mathematical true, students do not have full access to their
understanding of mathematical concepts, mathematical value of the
opportunity.
Nuoezhou found Wang joined the new generation of graphics
technology, in essence, for the students to learn mathematics provided
independently explore opportunities. It was the first trial of the
product in Jinan City, a 46 secondary school math teacher, the
functions of this equipment is very strong, including the
"mathematical's Sketchpad," "algebra calculus," and "function
Programming," "geometric dictionary" , and many other very practical
technology and content. Be able to abstract as a mathematical theory,
a student will be able to read the image, for example, many are very
abstract geometric theorem, only to the students on the past, to their
own imagination the whole process, the spatial thinking of the poor
students, understand up is very difficult. Now, with this graphic
calculator, the students were able to operate their own, each one of
the steps demonstrated by the visual changes, each Sketchpad can be
modified according to their intention and the preservation, but also
rehabilitation, duplication; hide that the establishment scripts,
etc.. This put into abstract theorem as a graphics, it is easy to
understand, students in the course of harvesting the freshness, a
sense of achievement, it increased exploration interest.
Develop mathematical thinking ability to learn effectively
upgrade
Learning Mathematics inseparable from the operation, but
complex computing students often hinder the ability to train and
improve, but also fear that students learn mathematics one of the
reasons. Graphing Calculator powerful algebraic operations functions,
the students can be complicated mathematical calculation of
liberation, to enable students to have more of their energy on the
more valuable observation experiments demonstrated reasoning, problem
solving, such as exploration learning activities. That can be a good
solution to many of the traditional conditions under very difficult
question, and it helps students to understand the real mathematics. As
a student said after the trial product, "found a new generation of
Wang saved me a lot of duplication of red tape to the computing
process, I have more time to consider other problem-solving ideas, to
a more in-depth understanding of the concept, the more more energies
on the establishment of relations, on the logic that I believe that
after a period of time after such training, I mathematical ability and
the ability to explore new knowledge will be greatly enhanced. "
In addition, "math's Sketchpad," the Nuoezhou Wang found
"graphic terms" including the dynamic geometry, images and transform
function features such as animation, the secondary school mathematics
throughout the content. It will abstract arcane mathematical concepts
and laws to intuitively learn from the dynamic graphical display,
stimulate interest of students in learning and participation in
awareness, so that students learn mathematics through experience at
the same time, enhance the understanding of the graphics judgement.
Image thinking and spatial thinking in such repeated training would
also be greatly enhanced, in order to develop students design
capability and the ability to imagine a world opened up again.
The rapid development of information technology, education
and information technology connections are also becoming closer. But
the real depth to the mathematics of the nature and characteristics of
science disciplines, and fundamentally changed the status of science
teaching resources has been a blind spot. As a national "11th Five-
Year Plan" focus on educational technology project, "handheld network
learning system in the teaching of applied research project on" the
equipment providers, information technology Nuoezhou can be most
closely linked to the practice and teaching, also the first time for
in-depth teaching that the effective demand, thereby giving users more
effective learning tool for students realize the value of the industry.
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this one is alittle back, but shows they followed through and big
sucess is on its way:
Main R & D graphics technology Nuoezhou next generation, "Wang found"
to the sword
July 2007, Nuoezhou found in engine technology available, the
study found using a new learning methods has opened a new chapter in
China's education. After a few months, learning machine industry
leading brand Nuoezhou and a sword, independent R & D graphics
technology into the next generation found Wang products, became the
first to adapt to new curriculum reform, with a graphical computing
capabilities for the study brand. Recently, the technology has been
adopted by the Ministry of Education organized by the Museum Expert
Group Audio-visual identification. Audio-visual, deputy director of
the Central Museum Wang Xiao Wu said Nuoezhou of this new generation
of products found Wang as a national "11th Five-Year Plan" education
focused on technical issues, that is, "handheld network learning
system in the academic teaching of applied research" technical support
system in a comprehensive upgrading of signs, representing the 11th
Five-Year Plan once again a key topic of major achievements for our
new math teaching and curriculum reform has injected fresh impetus, a
milestone of great significance.
Cutting-edge technology help achieve "graphic terms" learning
function
It is understood that the graphing calculator in foreign
countries, has been used very widely, and some countries penetration
rate has exceeded 80 percent, while in China, although "Shuoxingjiege"
basic mathematical concepts already reached broad consensus, but in
the actual process of teaching. but because of the limitations can not
be realized. In kind, hand, can not be demonstrated not only in the
abstract mathematical concept fully manifested, and time-consuming
effort, which does not allow for the progress of teaching, which means
the use of computer multimedia presentations, students still found it
difficult to meet independently explore the observation, summarized
needs.
Faced with this situation, Nuoezhou spent huge sums of money
abroad core technology to break the blockade, and independent research
and development, and graphics technology based on the successful
implantation of a powerful search engine on the learning platform.
Chinese students can experience suited to their habit of operation,
easy-to-understand information technology results. Wang found the new
generation of platform can learn mathematics through the use of
dynamic changes of image parameters and the relationship between the
visual reflect mathematical theory, mathematical logic and the law of
exploration and research, but also learning, Simplification, integer,
polynomials, function equations, calculus, vector matrix, 1.30,
statistics, the content of learning and teaching throughout the middle
school mathematics and some higher mathematics.
In other words, students can complete all learning machine
learning point of the process diagram. For example, students can be
convenient in this platform with fast graphics Tangram spell goal,
junior high school students can use it to demonstrate a mathematical
geometric theorem proof process, and high school students, college
students can use it to see the visual function, corresponding Calculus
graphical process of change. This to a large extent, increased student
interest in mathematics learning, and actively explore the mysteries
of mathematics desire.
Years in the work of mathematics teaching certificates in
Swiss teacher believes that the equipment will enable the students
cultivate Shuoxingjiege the concept of space thinking and mathematical
reasoning ability, and deepen the understanding of knowledge and
application point is a very practical value and promotion of the value
of information-learning platform.
Graphical calculation: to help students understand the
fundamental laws of mathematics
By the Central Audio-visual Archive, Renjiaoshe, Beijing
University, Beijing Normal University and other educational technology
experts and mathematics education experts and senior mathematics
teacher in the composition of the Group of Experts on the use of
machine learning Nuoezhou graphical calculation, it is agreed that the
mathematical Inquiry an ideal platform for learning in the new
curriculum standards and to promote reform in the areas of
mathematical inquiry is important promotional value and value. Well,
graphics computing power is how to achieve inquisitive learning?
According Nuoezhou education vice president Liudingjian
Holdings Limited, as the first national independent research and
development of the graphic calculator, it has a "mathematical's
Sketchpad," "algebra calculus," and "function Programming," "geometric
dictionary" , and other functions. Mathematics Teaching for different
content to meet the different needs of the learning and teaching
graphics. Beijing Normal University Professor Wang exciting, said:
"This is too graphic for practical calculation of the study, each
Sketchpad can be modified according to their intention and
preservation, very suitable for a geometric exchange, study and
discussion. It also provided a variety of methods to help teachers to
understand students and the idea of the extent of the concept of the
master, such as rehabilitation, duplication; hide that the
establishment of the script, and so on, really can be called a
"dynamic blackboard." teacher students can use it to find, explore,
performance, summing up graphics laws, set up their own system of
understanding, to really become a researcher. "
It can be said that experimental mathematics and mathematics
students shorten the distance between, feel understood, Tacit to
interpretations, from concrete to abstract, from the note to prove
that everything can happen in the present, the abstract mathematics
become easier to understand, Students interested in the study of
mathematics has been greatly increased. Many of the original boring,
complicated, and the mechanical operation process have been omitted,
and users have more time to explore deeper mathematical principles.
Two years ago, there are people who talk nonsense, saying inquisitive
learning in China can not be realized. Information technology has been
the rapid development of Inquiry to the existing conditions become a
reality, thanks to Nuoezhou technical personnel to the hard crucial.
Promote Self-Study effectively raise interest of students in
learning
Put Tumeiguangfei teachers, students listen to the drowsy, we
are familiar with the mathematics class scene. With Nuoezhou
independent R & D graphics technology, we can see that some of the
other scenarios: The teacher is no longer content of the lesson
preparation of a thick, to be explained entirely on the content, but
rather a number of scenarios designed steps , in graphic terms machine
learning simple out, and having everything fall into place by
connecting the projector displayed, in a lot of air time to the
students to explore. As for the triangle area of publicity, which are
all teachers and throw the first publicity, and then on the blackboard
demonstration that process, the majority of students in this process
is a passive acceptance, few self-thinking state intervention.
Graphics technology and the realization of dynamic inquiry after
learning, the teacher will guide students through the step-by-step
graphic to achieve the changes, the final by students concluded that
the Triangle area has been the formula can be learned from the area to
achieve parallelogram. In this way, students through their own
thinking and practical hands, not only deepened the impression that
the knowledge points, and increased interest in exploring the laws of
mathematics.
As the Chinese Society of Education Middle School Mathematics
Teaching Professional Committee member Zhang Jinsong said, the role of
teachers and students have gone through a major change process:
students from the "hearing" to mathematics learning, and change it to
the teachers under the guidance of "doing" math from the past are
moving to accept the "off-the-shelf" of mathematical knowledge, and
become like "mathematician" like to discover, and explore mathematical
knowledge, and through experiments, observation and conjecture,
validation, summarized statements, and other activities, students are
not only for mathematics new understanding, but also the ability of
the greatly enhanced. Corresponding to the teachers in the teaching
process is the role of working methods has been greatly changed from
imparting knowledge to become mathematics learning and teaching
activities of the organizers of the scene of the designers.
Experts said that Nuoezhou graphics technology available to
fill China's handheld devices learning of graphics computing
technology gaps, opening up a mathematics learning and graphical
visualization of the new times, it was China's education history of
the development of a technology revolution of a breakthrough. To
promote the state's new curriculum reform, and promoting the
development of mathematics education in China is of great historical
significance.
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Date: Fri, Dec 28 2007 11:18 am
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Cong net: Nuoezhou successfully developed the first hand-held
calculator
Recently, the State Education Technology 11th Five-Year Plan
focuses on issues - "handheld network learning system in the academic
teaching of applied research" made a major breakthrough: Nuoezhou in
the latest generation of handheld learning platform success inquiry
into "graphic terms" Technology, China's first hand-held calculator
officially born.
December 18, Nuoezhou Learning Machine "graphic terms"
technical formally adopted by the Ministry of Education Central
Identification electronic teaching museum. By the Central Audio-visual
Archive, Renjiaoshe, Beijing University, Beijing Normal University and
other educational technology experts and mathematics education
experts, composed of identification was agreed that: Nuoezhou in the
latest generation of handheld learning platform successfully developed
the "calculator" function to fill China's handheld devices,
interactive graphics study of the technology gap, in line with the
state's new curriculum standards reform needs Inquiry is the ideal
platform for learning in the new curriculum standards and to promote
reform in the areas of mathematical inquiry with important promotional
value and value.
According to this reporter's knowledge, mathematical graphing
calculator technology as the inquisitive learning of the teaching of
advanced information technology has become a mathematics teaching and
research information indispensable teaching tool. In the United States
and some other developed countries, the graphing calculator has been a
wide range of popular and go to the primary and secondary schools in
every classroom teaching. At present only the United States but the
world Texas Instruments, Hewlett-Packard, Casio and other
manufacturers can produce several.
As China's implementation of the new curriculum standards the
continuous deepening of the country's primary and secondary school
mathematics teaching on the graphing calculator, and other information
of the use of teaching tools also made increasing demands. However,
before the domestic inquisitive learning math teaching used by the
handheld graphics computing equipment provided by foreign enterprises,
a single price in more than 2,000 yuan, which is very expensive, and
from operating language, function settings, to the user's interactive
operating habits, high prices, lack the process of localization,
complex operation so that teachers and students is not easy to grasp,
high costs of procurement for some bad economic conditions, tight
funding for education schools and students are difficult to graphics
The teaching of information technology have brought tremendous
challenges, which restricts the teaching of mathematics in-depth
inquiry carried out, in our primary and secondary schools teaching
mathematics is still in the experimental stage.
Nuoezhou education holding company successfully overcome the
difficulties graphics computing core technologies in the next
generation, "Wang found" study on the implantation of a graphing
calculator functions, sharing the big screen machine learning, the
entire Chinese interface, the basis of handwritten input hardware
platform, no additional hardware costs, the use of simple, will be
greatly reduced threshold for the use of the graphing calculator into
the classroom to create the conditions for primary and secondary
schools.
Nuoezhou advanced graphics computing software, set "math's
Sketchpad," "algebra calculus," and "function Programming," "geometric
Dictionary," "classic courseware" as one with Nuoezhou innovative
multimedia interactive learning technology combining large-screen
handwriting, and 260,000 high-definition color display, and human
nature of the interactive user interface more people-friendly, simple
operation, and the training and guidance of a powerful combination of
low purchase cost will benefit more users, more popular promotional.
Nuoezhou official said: Nuoezhou through technological
innovation, and continue to lower costs for the calculation of this
advanced graphics information technology learning tools into every
classroom, the establishment of more "mobile mathematics lab," so that
more teachers, students enjoy more advanced information of the fruits
of technological progress education, and promote the China
Mathematical inquisitive learning teaching, help new Chinese
mathematics education curriculum reform.
Deputy director of the Central Museum of audio-visual
education Wang Xiao Wu said that the new results to guide students to
explore the dynamics of learning and inspire their image of thinking,
the practical realization of students and independently explore
learning ability and the ability of other comprehensive improvement of
great significance.
Original Address: http://info.edu.hc360.com/2007/12/191449130121
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Date: Fri, Dec 28 2007 11:22 am
Email: jasonnguyen...@gmail.com
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Xinhuanet: China's first hand-held calculator available
-- Beijing December 24 (Liu) China's first hand-held
calculator in Shenzhen Nuoezhou recently successfully developed.
Nuoezhou Learning Machine "graphic terms" technology has formally
adopted by the Ministry of Education Central Identification
electronic
teaching museum.
It is understood that the mathematical graphing calculator
technology as the inquisitive learning of the teaching of advanced
information technology, has become a mathematics teaching and
research
information indispensable teaching tool. In the United States and
some
other developed countries, the graphing calculator has been a wide
range of popular and go to the primary and secondary schools in every
classroom teaching.
As China's implementation of the new curriculum standards
the
continuous deepening of the country's primary and secondary school
mathematics teaching on the graphing calculator, and other
information
of the use of teaching tools also made increasing demands. However,
before the domestic adopted by the handheld graphics computing
equipment provided by foreign companies from operating language,
function settings, to the user's interactive operations habits are
not
easy to master teachers and students, while the high cost of
procurement, which are constraining Teaching Mathematics in-depth
inquiry carried out.
From the Ministry of Education, Renjiaoshe, math teaching
experts, the composition of that group identification: Nuoezhou in
the
latest generation of handheld learning platform successfully
developed
graphic calculator function to fill our handheld learning facilities
in the technical gaps, conform the state's new curriculum standards
demand for the reform of the country's education sector to promote
the
inquisitive learning the ideal platform, in the new curriculum
standards and to promote reform in the areas of mathematical inquiry
has an important value.
Have long been engaged in teaching of secondary school
mathematics teachers in special certificates Switzerland, said,
teaching in some abstract mathematical content, it is not easy to see
in their daily lives, using graphing calculator can stimulate
students
interest in learning. Deputy director of the Central Museum of audio-
visual education Wang Xiao Wu said that the new results to guide
students to explore the dynamics of learning and inspire their image
thinking, improve their ability to learn independently explore is of
great significance.
According to a yahoo chat room there is news on the NOAH website. It's in Chinese and I can't translate it The following translation is from a yahoo board.
http://www.noahtech.com.cn/index.php/News/Show/id/540
Xinhuanet: China's first hand-held calculator available
-- Beijing December 24 (Liu) China's first hand-held
calculator in Shenzhen Nuoezhou recently successfully developed.
Nuoezhou Learning Machine "graphic terms" technology has formally
adopted by the Ministry of Education Central Identification electronic
teaching museum.
It is understood that the mathematical graphing calculator
technology as the inquisitive learning of the teaching of advanced
information technology, has become a mathematics teaching and research
information indispensable teaching tool. In the United States and some
other developed countries, the graphing calculator has been a wide
range of popular and go to the primary and secondary schools in every
classroom teaching.
As China's implementation of the new curriculum standards the
continuous deepening of the country's primary and secondary school
mathematics teaching on the graphing calculator, and other information
of the use of teaching tools also made increasing demands. However,
before the domestic adopted by the handheld graphics computing
equipment provided by foreign companies from operating language,
function settings, to the user's interactive operations habits are not
easy to master teachers and students, while the high cost of
procurement, which are constraining Teaching Mathematics in-depth
inquiry carried out.
From the Ministry of Education, Renjiaoshe, math teaching
experts, the composition of that group identification: Nuoezhou in the
latest generation of handheld learning platform successfully developed
graphic calculator function to fill our handheld learning facilities
in the technical gaps, conform the state's new curriculum standards
demand for the reform of the country's education sector to promote the
inquisitive learning the ideal platform, in the new curriculum
standards and to promote reform in the areas of mathematical inquiry
has an important value.
Have long been engaged in teaching of secondary school
mathematics teachers in special certificates Switzerland, said,
teaching in some abstract mathematical content, it is not easy to see
in their daily lives, using graphing calculator can stimulate students
interest in learning. Deputy director of the Central Museum of audio-
visual education Wang Xiao Wu said that the new results to guide
students to explore the dynamics of learning and inspire their image
thinking, improve their ability to learn independently explore is of
great significance.
COVERAGE INITIATED: Noah Education (NED) initiated by Susquehanna Financial. Initial rating Neutral.
--------------------------------------------------------------------------------
Briefing.com
06:54 a.m. 12/19/2007
Will do.........Thx!!
Check out NPD.
lotsa' GREEN in the CHINA patch today < but HRCT not one of them > !!
Symbol Change Volume Trade Name Bid Ask Yield
- - - - - ^GSPC 11.44 0.76% 0 1,516.10 S&P 500 INDEX,RTH N/A N/A -
- - - - - ^HSI 341.37 1.18% 0 28,501.10 HANG SENG INDEX N/A N/A -
- - - - - ^N225 31.98 0.20% 0 15,924.39 NIKKEI 225 N/A N/A -
- - - - - ASIA 0.16 1.41% 161,725 11.19 ASIAINFO HLDGS INC 11.18 11.20 N/A
- - - - - ATV 0.40 3.74% 52,600 11.10 ACORN INTERNATIONAL, - - N/A
- - - - - BIDU 3.97 1.02% 1,678,896 393.97 BAIDU.COM, INC. 393.68 393.96 N/A
- - - - - CBAK 0.00 0.00% 299,809 4.50 CHINA BAK BATTERY 4.50 4.53 N/A
- - - - - CEUA.OB 0.20 3.64% 5,531 5.70 CHINA EDUCATION ALLI 5.50 5.70 -
- - - - - CFSG 0.11 0.72% 47,031 15.31 CHINA FIRE & SEC GRP 15.35 15.45 N/A
- - - - - CHINA 0.03 0.50% 416,612 6.01 CDC CORPORATION CL-A 6.00 6.01 N/A
- - - - - CHL 1.13 1.22% 773,810 91.77 CHINA MOBILE LIMITED - - 1.10%
- - - - - CHMD.OB 0.0040 17.39% 927,500 0.0270 CHINA MEDIA GROUP CP 0.0250 0.0270 -
- - - - - CHU 0.12 0.58% 200,100 20.70 CHINA UNICOM LTD - - 1.10%
- - - - - CNOA.OB 0.31 7.95% 284,847 4.21 CHINA ORGANIC AGRICU 4.20 4.21 -
- - - - - CPHI.OB 0.01 0.30% 13,382 3.30 CHINA PHARMA HLDGS 3.22 3.29 -
- - - - - CPSL 0.35 5.15% 1,412,234 7.14 CHINA PREC. STEEL 7.12 7.14 N/A
- - - - - CTRP 1.37 2.27% 163,316 61.60 CTRIP.COM INTL LTD 61.60 61.70 0.20%
- - - - - EDU 0.30 0.37% 156,340 81.67 NEW ORIENTAL EDUCATI - - N/A
- - - - - EFUT 1.23 6.14% 255,778 21.26 E-FUTURE INFORMATION 21.25 21.42 N/A
- - - - - EJ 0.57 2.05% 170,998 27.30 E-HOUSE HOLDINGS ADR - - N/A
- - - - - ETLK.OB 0.00 7.69% 500 0.06 ELEPHANT TALK COMM 0.06 0.06 N/A
- - - - - FFHL 0.00 0.00% 139,649 6.23 FUWEI FILMS (HOLDING 6.20 6.23 N/A
- - - - - FMCN 2.58 4.69% 1,903,106 57.54 FOCUS MEDIA HOLDING 57.51 57.55 N/A
- - - - - GMKT 0.02 0.09% 45,560 23.34 GMARKET 23.35 23.37 N/A
- - - - - GSH 1.10 2.94% 9,200 38.47 GUANGSHEN RAIL CO LT - - 1.40%
- - - - - HNP 0.58 1.29% 71,920 44.43 HUANENG POWER INTL - - 5.90%
- - - - - HRCT.OB 0.0120 20.69% 94,700 0.0460 HARTCOURT COS INC 0.0480 0.0580 -
- - - - - KONG 0.22 3.91% 217,183 5.84 KONGZHONG CORP 5.81 5.84 N/A
- - - - - LFC 0.25 0.29% 371,830 85.40 CHINA LIFE INS CO - - 0.30%
- - - - - LFT 0.81 3.16% 57,500 24.84 LONGTOP FINL TEC ADS - - N/A
- - - - - MPEL 0.32 2.48% 280,997 13.24 MELCO PBL ENTRMT ADS 13.22 13.23 N/A
- - - - - NED +0.56 +6.36% 554,660 9.36 NOAH EDUCATION ADS - - N/A
- - - - - NTES 0.10 0.48% 99,821 20.69 NETEASE.COM ADS 20.68 20.69 N/A
- - - - - PTR 1.49 0.73% 121,923 201.44 PETROCHINA CO ADS - - 2.60%
- - - - - SINA 0.24 0.49% 168,200 49.15 SINA CORPORATION 49.11 49.18 N/A
- - - - - SNDA 0.56 1.46% 207,354 38.99 SHANDA INTERACTIVE 39.00 39.04 N/A
- - - - - SNP 2.14 1.34% 138,852 157.73 CHINA PETRO & CHEM - - 1.20%
- - - - - SOHU 0.06 0.10% 271,877 57.48 SOHU.COM INC 57.48 57.50 N/A
- - - - - SOLF 1.94 7.49% 4,363,206 27.84 SOLARFUN POWER HOLDI 27.83 27.87 N/A
- - - - - SRRY.OB 0.04 9.52% 8,600 0.38 SANCON RESOURCE RCVY 0.34 0.39 -
- - - - - STV 2.80 8.95% 667,208 34.10 CHINA DIG TV HDG ADS - - N/A
- - - - - TSL 1.67 3.38% 349,976 51.11 TRINA SOLAR LTD ADR - - N/A
- - - - - UTSI 0.04 1.36% 297,679 2.98 UTSTARCOM INC 2.98 2.99 N/A
- - - - - XFML 0.02 0.30% 114,913 6.78 XINHUA FINANCE MEDIA 6.75 6.79 N/A
Noah Education Rises on Initiation
Wednesday November 28, 11:03 am ET
Noah Education Rises As Analyst Starts Coverage, Citing Strong Position in Chinese Market
NEW YORK (AP) -- American Depositary shares of Noah Education Holdings Ltd. rose Wednesday after an analyst began coverage, saying the Chinese provider of interactive education content is poised to gain from robust growth in China's education market.
The shares advanced 99 cents, or 12 percent, to $9.24 in morning trading.
The company had its initial public offering in October, which priced well above expectations.
CIBC World Markets Corp. Scott Schneeberger initiated coverage of Noah Education at "Sector Outperformer," with a $14 price target.
"We are drawn to Noah for its leadership position in providing digitally interactive learning content in the briskly expanding education market in the rapidly growing Chinese economy," Schneeberger wrote in a client note.
Schneeberger said the company's target market is "substantial," with 291 million people between the ages of 5 and 19 in China. He added that 93 million of those are students in primary and secondary schools in urban areas.
Schneeberger also said many Chinese families are seeing their disposable income rise and place more importance on education for their children. Over the past 30 years, most Chinese families have only had one child, he added, thus placing greater emphasis on finding quality education.
"The child's education is clearly a top concern, second only to purchasing groceries," Schneeberger wrote in a client note.
CNN Money: NED rises on initiation:
http://money.cnn.com/news/newsfeeds/articles/apwire/cf34bc396880513c05e870c3c665f5ac.htm
Deutsche Bank initiates NED at Buy.
link below
http://www.streetinsider.com/New+Coverage/Deutsche+Bank+Starts+Noah+Education+(NED)+at+Buy/3156322.html
COVERAGE INITIATED: Noah Education (NED) initiated by CIBC Wrld Mkts. Initial rating Sector Outperform.
--------------------------------------------------------------------------------
Briefing.com
06:47 a.m. 11/28/2007
Noah Education Holdings (NED) NewsBite - Noah Education Rises on Strong Day For Chinese Stocks
Posted on Monday, November 26, 2007 2:48 PM
http://www.marketintelligencecenter.com/articles/481857
Technology
NED's 'Sticker Issue' Makes Shares Cheap
By Hal Uy
RealMoney.com Contributor
11/26/2007 2:46 PM EST
URL: http://www.thestreet.com/p/rmoney/technology/10391658.html
Last week, Noah Education (NED) shares plunged more than 40% on concerns that one of its products had to be removed from store shelves because it contained cancer-causing chemicals. I think the price drop was a gross overreaction to media reports exacerbated by thin holiday trading, lack of analyst coverage and inadequate management communication.
Noah Education debuted on the NYSE on Oct. 19. The company sells handheld digital learning devices (DLDs) and produces about 28,000 titles covering various academic subjects. The company priced 9.85 million shares at $14 a share.
The questions began with an article that appeared in the Shanghai Daily in which the writer wrote, "Two electronic products makers in China have made emergency recalls across the country to take their microwave ovens and electronic dictionaries off the shelves." At issue was Noah's NP800, a small handheld electronic dictionary. Hexavalent chromium (chromium VI) was found on the chrome electroplating of the NP800's internal speaker.
The company's 2008 fiscal first-quarter earnings conference call added to the confusion and led to investor panic. On the call, Executive Vice President Rick Chen stated that "Due to an oversight by our [original equipment manufacturer] , one of our products, NP800 DLD, was taken to the market without a simple warning sticker that is required on all the products sold in China that contain a certain element that is widely used in all types of electronic devices sold in China." One caller asked if there was a recall. Instead of answering with a definitive yes or no, management responded that product safety was very important. Another caller characterized it as a "sticker issue." While management repeated over and over that the "sticker issue" was minor, they provided insufficient detail to support that claim.
In investigating the limited news, I've learned more about the missing labeling requirements. Beginning on March 1, 2007, all electronic products sold in China that contain lead, mercury, cadmium, hexavalent chromium, polybrominated biphenyl and polybrominated diphenyl ether are required to carry the China RoHS label, a small circular sticker.
Here is an English translation of the law by the AeA China Restrictions on Hazardous Substances Steering Committee:
Article 1: These Methods are hereby developed to control and reduce pollution to the environment caused after disposal of electronic information products, promote production and sale of low-pollution electronic information products, and safeguard the environment and human health, according to the "Law of the People's Republic of China for the Promotion of Clean Production," the "Law of the People's Republic of China on the Prevention and Control of Environmental Pollution by Solid Wastes," and other statutes and administrative regulations.
Additional information about the China RoHS is available here.
Chromium VI is not prohibited from being used in products, but its use must be disclosed to consumers. The new labeling is part of an effort to help consumers dispose of and recycle products in an environmentally safe manner. The label is not to notify consumers of products that are dangerous to use.
NED operates both Chinese- and English-language Web sites. On the Chinese site, there are five articles addressing the chromium issue. Management is addressing this problem with Chinese consumers.
Because the English site has none of these articles, this information is unfortunately not reaching U.S. investors. Google can be used for a general translation.
I spoke with investor relations a few times, and on Monday, Nov. 26, the company has updated its FAQs section. The NP800 was not recalled. The company is voluntarily allowing customers to return the NP800, which is a minor product representing 5,000 of 229,000 products shipped in the first quarter. The company reiterated its revenue guidance on its recent conference call. All products were properly labeled except the NP800.
The NP800 was not removed because it posed a health or safety risk for consumers. Direct contact is not harmful. To be hazardous, the internal speaker would need to be removed, ground up and inhaled. Unfortunately, management's incomplete explanation on its conference call led to a panic in the stock.
Although this gaffe is a huge embarrassment to a nascent public company, it has been quickly rectified. On the conference call, management stated that they have taken steps to ensure that "it will never happen again." On Nov. 23, in an exclusive with the Beijing Evening News, the company disclosed that raw materials are being tested for all Noah models and that all products are in compliance with pollution control regulations.
Since its IPO, Noah Education has about $3.35 a share in cash. The company just reported first-quarter earnings of 20 cents a share and projected year-over-year revenue growth of 30%-32% to $96-$97 million. I expect to see analyst initiations with possible defenses with the quiet period ending. I think a buying opportunity exists in shares of Noah Education over what appears to be a simple "sticker issue."
--------------------------------------------------------------------------------
Please note that due to factors including low market capitalization and/or insufficient public float, we consider Noah Education to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
--------------------------------------------------------------------------------
At the time of publication, Uy was long Noah Education, although holdings can change at any time.
Hal Uy has been a full-time trader since 1997. He has been interviewed in Money, WSJ.com and in the book The After-Hours Trader. He has also served as a technical assistant on several trading books. He appreciates your feedback; click here to send him an email.
HUGE ANALYST DEFENSE COMING
30 day quiet period has almost passed. Watch for underwriting syndicate to issue BUY ratings and FAT prices target on NED soon.. NO BRAINER
I don't see this as a risk- I see it as a slam dunk no brainer.
"perfect storm" of horrible market and product label "non - issue" gave us a gift here. NED is an easy triple in a year.
I like this company, and thought I was in the cat-bird seat when I got in at $11.15 last week. I would hope we've hit bedrock here at $7.
just doubled down....calculated risk based on the unknown!
#msg-24727793
HUGE NED went down $4 because of MINOR product recall:
This is from the Yahoo NED Board. NED down because of the biggest overreaction in history: One older product line was missing a warning label!!
Just finished reading all the Chinese News Releases on Yahoo China:
In sum, only 1 model, MP800, which is an older model, was singled out as the product that was missing the warning label and has a metal substance content that exceeded standards. Noah already issued statement that all unsold product with the missing label will be recalled and anyone that purchased the product can exchange or return the DLD.
In addition, couple of newspapers already issued a retraction of sort saying that earlier reports that said the product will cause cancer is inaccurate. Professors from major china universities, as well as the Chinese government, all quantified that while the substance can caused cancer, it can only be done via direct contact (like licking or eating) or exposure to the fumes. Since the substance is minimial in the DLD and is buried inside the inner contents, exposure to the substance is virtually impossible and that the DLD is safe to use within the life expectancy of the machine itself.
Anyways, don't want to sound like a pumper but I think the selloff was way overdone (only 1 older model was affected). It might affect the company's reputation a little bit in the short term but most of the new growth is targeted to be coming from the development of tutoring centers with recurring revenues. I believe the fair value of the company s/b higher than the current price for sure, since they are projected to make over .50 per share next year.
Why CFC is THE BUY OF THE CENTURY: $4 per share cash and $.45 forward EPS = $20 fair value
Only 1 message in discussion
From: Jeff.corm...@gov.ab.ca - view profile
Date: Tues, Nov 20 2007 7:48 pm
Email: Jeff.corm...@gov.ab.ca
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NED is the buy of the decade IMO. NED has $4 per share cash and should
easily earn $.45 in this fiscal year.
Applying a conservative 35 PE gives NED fair value as $.45 X 35 + $4 =
$20 per share.
The earnings projections are based on the following assumptions:
2007 net income = $8.7 million.
2008 net income will increase by:
$5 Million in interest on $140 MM raised in IPO
$3 million in increased operating income (thats conservative).
Hence I see 2008 net income of about $17 million. With 36 MM fully
diluted shares that gives about $.45 per share.
Reply
Analysis of NED:
A cut and paste from a Google Finance chat room:
Data from http://money.cnn.com/news/newsfeeds/articles/prnewswire/CNM0241911200...
and
http://finance.google.com/finance?fstype=ii&q=NYSE:NED
On a per share level:
Diluted EPS Excluding Extraordinary Items (RMB)
Q1 08: 1.50
Q4 07: -0.45
Q3 07: 0.71
Q2 07: 0.13
Q1 07: 0.87
Q1 08 EPS is 72% higher than Q1 07.
Trailing EPS for Fiscal 07 = RMB 1.26.
(This ties with google finance's EPS of $0.17, assuming RMB/USD of
7.4/1)
Trailing EPS YTD for the year ended 9/30/07 = RMB 1.89 ($0.25)
This represents a growth of 47%.
Q1 08 vs Q1 07 represents a 72% increase, year on year.
On a company level, "Net income increased by 39.4% year-over-year to
RMB44.5 million (US$5.9 million) from RMB31.9 million in the first
quarter of fiscal year 2007".
So we have three measures of income growth, ranging from 39.4% to 72%.
Lets take the most conservative figure of 39.4%, and chop off an
arbitrary 9.4% as our new ultra-conservative growth rate for 2008,
giving us 30% growth.
At the current price of $7.38, trailing P/E = 29.52
Divide this by our conservative growth rate of 30%, and you have a PEG
of less than 1. For a Chinese growth stock.
Reuters classifies NED as a "school" for industry comparison purposes.
The average P/E for the industry is 38x. At this P/E, NED should be
trading at 9.5.
P/E for EDU, which is also a "school" on Reuters, is 68x. The growth
rate for NED, which is a company based on digital learning, where
ramping up sales will not be limited by the speed of construction of
physical schools and hiring qualified teachers, should be higher than
EDU's, which is based on teaching at physical schools. At EDU's P/E,
NED should be trading at $17.
The company seems confident, and has indicated the following:
"We are very pleased with the results of the first quarter of our
fiscal year 2008," said Mr. Dong Xu, Noah's Chairman and Chief
Executive Officer.""
"Noah expects its total net revenues of fiscal year 2008 (July 1, 2007
to June 30, 2008) to be in the range of RMB720 million (US$96 million)
to RMB730 million (US$97 million), representing year-over-year growth
in the range of 30% to 32%, respectively."
On a broader level, I live in Shanghai, where you regularly get
gridlock outside schools because anxious parents park on the sidewalks
and streets in wait for their prince or princess to get off school.
Because of a ton of factors, including the 1 child policy, Chinese
culture that emphasizes education, and obviously growth in disposable
income, the market for NED's educational devices is huge and will
continue to grow.
Not sure what is going on with the recent sell-offs, but it seems that
fundamentally, NED is undervalued by quite a bit.
CEUA is:
Third Quarter 2007 Highlights
-- Revenue increased 122.7% year over year to $5.1 million
-- Online education revenue rose 107.2% year over year to $3.6 million
-- Gross profit rose 165.6% to a record $4.1 million or 80.9% of sales,
compared to 67.9% in the prior year
-- Net income grew 80% year over year to $2.2 million or $0.11 per fully
diluted share
=========================================================
NED is:
LOL ~~~ coming !!
Press Release Source: Noah Education Holdings Ltd.
Noah to Report First Fiscal Quarter Financial Results on November 19, 2007
Tuesday November 6, 7:00 am ET
SHENZHEN, China, Nov. 6 /Xinhua-PRNewswire/ -- Noah Education Holdings Ltd. ("Noah") (NYSE: NED - News), a leading provider of interactive education content in China, today announced that it will report its financial results for the first fiscal quarter ended September 30, 2007 after the U.S. market closes on November 19, 2007.
I wonder what each's EPS is?
common thread = China
uncommon thread = different business model
common thread = providing revenues AND profit$
uncommon thread = NED recent IPO / CEUA (otc-bb) w/ RS !
expectation (at least mine) = DOUBLE GRAND SLAM !!
<< and, I'm playing (have been for a long time.....HRCT
as my highly highly speculative China education bonanza >>
p.s. Missed EDU several times in past year or so :{
thx, how does in compare to ceua?
NED -- Noah Education Holdings, Ltd.
Overview
Noah Education Holdings Ltd. is a provider of interactive education content in China. The Company develops and markets interactive, multimedia learning materials mainly to complement prescribed textbooks used in China’s primary and secondary school curriculum, covering subjects, such as English, Chinese, mathematics, physics, chemistry, biology, geography, political science and history. It delivers its content primarily through handheld digital learning devices (DLDs), into which its content is embedded or subsequently downloaded at over 8,500 points of sale, approximately 2,000 download centers, or through its Website, www.noahedu.com. In addition, the Company sells electronic dictionaries (E-dictionaries). In July 2007, the Company began offering after-school tutoring programs.
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Link to SEC filings:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001411825&owner=include&count=40
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Share Information:
Shares O/S (10/20/07)> 36.7 million
Shares Float --------------> 9.8 million
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From Investor's Business Daily
Noah Education Holdings has two pluses going for it when it goes public this week on the Big Board:Demand for Chinese IPOs remains high, and as a provider of handheld teaching devices, it's involved in education. Chinese families put high value on education. With a government-imposed one-child policy, a growing number of Chinese families with expendable income are able to focus expenditures on an only child. According to government figures, Chinese families spend about 15% of their disposable incomes on education and culture. Such incomes on a per-capita basis have grown almost 7% a year from 2002 to 2006 and are expected to rise more than 8% a year through 2011. "Education is a very hot space in China," analyst Alex Xu of Brean Murray said.
Since private educator New Oriental Education & Technology (NYSE:EDU - News) went public last year, at $15, its share price has more than quadrupled. But while New Oriental teaches in physical classrooms, Noah plies the digital world. It focuses on handheld digital learning devices, or DLDs. These devices come with content that supplements grade-school textbooks. It also sells handheld e-dictionaries. "While Noah may be riding on Oriental's (success), it still has good growth opportunities," analyst Matthew Molberger of Renaissance Capital said. Of the almost 300 million students in China between ages 5 and 19 -- Noah's target market -- only 3% use DLDs. That low penetration rate leaves room for growth, he says. Citing an industry source, Noah says DLD sales in China will grow more than 20% annually over the next couple of years. In a crowded market where the top-five players hold about 80% of the DLD market, Noah says it is No.1 in sales, with about a 30% market share.
Noah in its present form was created in 2004. At that time, the founders took the assets of a five-year-old translation-device business, Noah Industrial, and turned them toward interactive education. Though it's officially based in the Cayman Islands, Noah operates in China through subsidiaries. Noah began selling handheld e-dictionaries in 2004 and handheld DLDs in March 2005. Strong growth in DLD sales is offsetting a slowdown in e-dictionaries. The company has developed about 28,000 courseware titles based largely on content it licenses from educational publishers in and out of China, including Oxford University Press and People's Education Press. It puts a big emphasis on English language courseware. But Noah also covers standard grade-school subjects such as Chinese, math, physics, chemistry and history. Supported by TV ads, Noah's DLDs are sold in bookstores, electronics and department stores, mall kiosks and Noah-branded stores. The company's Web site also offers content for downloading. Efforts are underway to expand content to the fast-growing mobile phone market in China. Noah also is working to fold its technology into other tech devices, such as interactive entertainment consoles and personal digital assistants. To tap into another area of the supplemental education market, Noah recently began offering some after-school tutoring programs.
Noah has enjoyed strong growth since its start-up in 2004. Revenue in its fiscal year ending June 30 totaled $72.9 million, up from $51.6 million the prior year. Net income over that time jumped 77% to $8.7 million.
Noah to Report First Fiscal Quarter Financial Results on November 19, 2007
SHENZHEN, China, Nov. 6 /Xinhua-PRNewswire/ -- Noah Education Holdings Ltd. ('Noah') (NYSE: NED), a leading provider of interactive education content in China, today announced that it will report its financial results for the first fiscal quarter ended September 30, 2007 after the U.S. market closes on November 19, 2007.
Noah's management will host an earnings conference call at 8 p.m. on November 19, 2007 U.S. Eastern Standard Time (9 a.m. on November 20, 2007 Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
US: +1-617-614-2714
Hong Kong: +852-3002-1672
Please dial-in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is 'Noah Earnings Call.'
A replay of the conference call may be accessed by phone at the following number until December 19, 2007:
International: +1-617-801-6888
Passcode: 31729950
Additionally, a live and archived webcast of the conference call will be available at http://ir.noahtech.com.cn .
About Noah
Noah Education Holdings Limited ('Noah') (NYSE: NED) is a leading provider of interactive education content in China. Noah develops and markets interactive multimedia learning materials mainly to complement prescribed textbooks used in China's primary and secondary school curricula. Noah delivers content primarily through handheld digital learning devices, or DLDs. In 2007, Noah opened its first after-school tutoring center in Chengdu, China as part of its strategy to become China's leading brand in supplemental education content and service. For more information about Noah, please visit http://www.noahtech.com.cn .
For investor and media inquiries, please contact:
In China:
Mr. Rick Chen
Noah Education Holdings Limited
Tel: +86-755-8204-3465
Email: rick_chen@noah21cn.com
Mrs. Helen Plummer
Ogilvy Public Relations Worldwide (Beijing)
Tel: +86-10-8520-3090
Email: helen.plummer@ogilvy.com
In the United States:
Jessica Cohen
Ogilvy Public Relations Worldwide (New York)
Tel: +1-646-460-9989
Email: jessica.cohen@ogilvy.com
SOURCE Noah Education Holdings Ltd.
Source: PR Newswire (November 6, 2007 - 7:01 AM EST)
NED has been caught in the "quiet period" doldrums. According to the SEC filings it ends 11/13, this Tuesday. Company may put some PR's out then.
Noah Education Holdings' revenues have increased from $25.2 million in fiscal '05 to $49.10 million in fiscal '06 with a current $72.8 million posted in fiscal '07. Gross profit %-wise rose from 13.9% to 21.8% and 35% , fiscal '05,'06 '07 respectively.
They are announcing Q1 results on the 19th. I am expecting great numbers, great guidance, and the stock to be around $20 by the 19th. As EDU stated, the 1st quarter is their strongest quarter which will probably be the same with NED.
Revenues were up 95% from 05 to 06 and 48% from 06 to 07. If they guide revenues for 2008 say only 40% higher (I am being conservative), that would put revenues in the $102 million area giving NED a PS ratio of 4 versus EDU's 17.
Since NED's revenues/earnings are growing equal to or higher than EDU, it deserves a similar PS ratio which would be a $45-$50 price per share.
NED has a lot of upside imo.
Thanks! It was an interesting day for NED. I know it was oversold and was due for a bounce but it seemed someone was buying it up bigtime as if we will see an article this weekend in Barron's or IBD about NED. I don't think this will see $10 again.
This should run into earnings, I think the numbers will be awesome. It may even trade back to the $20+ level by then.
Once the 19th hits (I think that is when quiet period ends) they are probably loaded with news that they want to get out to the public. I am liking this alot..
nice bounceback on a HORRIBLE MARKET day ~~~ congrats !!!
NED +0.82 +7.21% 518,119 12.20 NOAH EDUCATION ADS
Got in this past Monday.....which was not
a really good day for about ANY stock....
but, better days ahead.
Also....took a position on CEUA on Monday.
Wish me luck..
I usually don't buy a falling knife but I picked up 2750 shares at $11.16.
What I like is they are announcing earnings as soon as the quiet period ends which is 11/19. I believe the numbers will be blowouts!
MMs taking advantage here of the company having to keep their mouth shut and getting shares on the cheap..
My thoughts at least...
Does anyone know what to expect from NED when they report earnings on 11-19-07?
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-06-2007/0004698403&EDATE=
EDU now trading over 90 PE. NED has 4 per share cash- I have short term target of $27 - $30. $27 would be $4 per share cash + 80 X $.28 EPS = about $27.
Fonix Speech Technology Embedded in New Electronic Dictionaries from Noah Education Technology
Fonix Text-to-Speech Available in New E-Dictionary Models in China
Fonix Speech, Inc., a wholly owned subsidiary of Fonix Corporation (OTCBB: FNIX) specializing in embedded speech interfaces for mobile devices, handheld electronic products, video game systems and processors, announces Fonix text-to-speech (TTS) technology on a new electronic dictionary manufactured and sold by Noah Educational Technology Co., Ltd., the premier provider of educational electronic devices and software in China. Noah’s newest e-dictionary, model NP600 embedded with Fonix DECEtalk TTS, is currently available in China, with another model debuting later this year. Noah projects a manufacturing rate of over 100K units per model for the year. Fonix receives unit royalties from the sale of each device.
“We are delighted to introduce new Fonix-enabled electronic dictionaries into our line of educational devices and products for the Chinese market,” says Benguo Tang, Senior VP of Noah Education Holdings Ltd. “China invests heavily in innovative educational tools and experiences for students and citizens, and Noah is committed to advancing educational technologies and initiatives throughout the country. These new electronic dictionary devices will help Chinese customers learn and speak correct English words and phrases. Noah chose Fonix DECtalk text-to-speech because it is clear and easy for users to understand.”
“This contract with Noah marks the first large-scale agreement with China’s leading educational electronics provider to develop and market speech-enabled learning devices,” says Walt Nawrocki, Senior VP and GM, Fonix Speech. “Noah’s considerable foothold in the Chinese educational market provides Fonix with a tremendous opportunity to partner with a reputable leader in their efforts to offer advanced, cutting-edge technology solutions to customers hoping to improve their language skills.”
Noah’s e-dictionary device utilizes Fonix DECtalk® TTS, the industry-leading TTS technology for limited-memory applications. Fonix TTS is specifically designed for embedded devices with limited memory capacity. Fonix TTS "speaks" word definitions and phrases in understandable English.
For more information about Fonix speech solutions, visit www.fonix.com, or call 801-553-6600 and say “Sales.”
About Noah
Noah Education Technology Co., Ltd. is based in Shenzhen, China and is a wholly owned subsidiary of Noah Education Holdings, Ltd. Founded in 2004, Noah Education Holdings, Ltd. is a leader in the educational electronic market, developing and marketing electronic educational products, software and educational resource content. Noah Education Holdings, Ltd. has three wholly owned subsidiaries: Innovative Noah Electronic (Shenzhen) Co., Ltd., New Noah Technology (Shenzhen) Co., Ltd. and Noah Education Technology (Shenzhen) Co., Ltd. Please visit http://en.noahtech.com.cn and http://www.noahedu.com for more information.
About Fonix
Fonix Corporation, based in Salt Lake City, Utah, currently operates through its wholly owned subsidiary, Fonix Speech, Inc., an innovative speech recognition and text-to-speech technology company that provides value-added speech solutions. Fonix Speech offers voice solutions for mobile/wireless devices; interactive video games, toys and appliances; computer telephony systems; the assistive market and automotive telematics. Fonix Speech provides developers and manufacturers with cost-effective speech solutions to enhance devices and systems. Visit www.fonix.com for more information, or call (801) 553-6600 and say “Sales.”
Statements released by Fonix that are not purely historical are forward looking within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company’s business prospects and performance. The Company’s actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental and technological factors as discussed in the Company’s filings with the SEC on Forms 10-K, 10-Q and 8-K. The Company does not undertake any responsibility to update the forward-looking statements contained in this release.
Fonix Speech, Inc.
Investors and shareholders:
Michelle Aamodt, 801-553-6736
investorrelations@fonix.com
Media and press:
Elizabeth Sweeten, 801-553-6617
mediainfo@fonix.com
Source: Business Wire (March 19, 2007 - 9:05 AM EDT)
News by QuoteMedia
www.quotemedia.com
avg 20 here...;), gimme a boooooooooom this week and I be happy..
I LIKE IT!
Previous China IPO Runs - Charts
RCH - IPO ~$6 - China Architectural Engineering
STV - IPO $16 - China Digital TV Holding Co
NED vs EDU..
There is no reason NED cannot have a similiar market cap as EDU. EDU sports a market cap of $10.5 billion. Even if NED would have half the cap, it would trade for $140/share.
$10.5 billion (EDU)/$728 million (NED) = 14.5
14.5 x $19.85 = $287 -> divided by 2 = $143/share
Can you say a BIDU type run in the near future?
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