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Sold most of mine this week
dought anything happens next week when it takes them 3months to report the same news they reported 3months prior
As a pink sheet company they don't have to file at all. It looks like that note on the website was BS.
If something does not happen next week, I'm selling and will move on.
what scares me is they didn't report earnings again
they had to file with the sec to get a extension in march 08 the extension was to march 09 witch they didn't file again
its not like they didnt have time
A wait for sure, however, I don't think it will be that long.
looks like another long wait
I've only been waiting 6 months for this day
they must have changed their mind about posting earnings
maybe they thought they would be selling phones by now but aren't
won't be suprised if its down alot tomorrow too
I know I'm shedding some shares tomorrow
could be another 6 months before something happens
im sure im not the only pissed share holder, and when you have pissed shareholders thats not a good thing
Thanks for the heads-up. Will be nice if they really do announce their earnings today and the numbers are good enough to boost the pps.
go to there website and go to f.a.q
says they are posting earnings today march 30 2009
Any idea what specific news is pending?
What the hell is going on only 150 shares sold stock goes down 33%
no news out yet
big day tomorrow boys
Decent interest in the stock today. Some serious news next week should really kick it into gear. IMO
From a Google alert today!
Investorsvoice.com's Daily Radar Stocks
Fri. March 27, 2009; Posted: 11:43 AM
Mar 27, 2009 (BAYSTREET NEWSWIRE via COMTEX) -- SGUS | Quote | Chart | News | PowerRating -- Investorsvoice.com's Daily Large cap and Small cap Watch (LVLT) LEVEL 3 COMMUNICATIONS (SGUS) SHIMING U S INC Investorsvoice.com looks at the news reports on these two hot stocks today and are keeping a close eye on the uptread on both of these companies. Level 2 (LVLT) up +6.96% today announced that is has expanded its relationship with Telefonica International Wholesale Services to establish a dedicated wavelength network across North America, which represents the largest single capacity commitment in Level 3 history. Investorsvoice will keep a close eye on this stock. Shiming (SGUS) up +33%
Shiming U.S., Inc., (OTCBB:SGUS), a Chinese based consumer electronics manufacturer has started construction on a $400 million (US) technology complex joint venture with the Chinese Government. The complex will sit on 200,000 sq. meters of land already owned by the company. Pictures of the new technology complex can be seen at http://snshiming.ir.stockpr.com/
The official groundbreaking featured dignitaries from the city of Baoji and greater Guangdong Province, China, along with company CEO, Shiming Wang.
The Chinese Government is currently bringing 3G nationwide. Shiming U.S.'s new technology campus under construction will serve to satisfy China's imminent massive demand for new 3G phone technologies. During 2009-2010, China expects to switch the current 600,000,000 cell phone users to 3G
Sign up today at Investorsvoice.com to receive market news plus daily picks from Investorsvoice.comDisclosure:
Investorsvoice was compensated 18k dollars from a non controlling third party for the profile coverage of SGUS. Investorsvoice, LLC is not an investment advisor nor a registered broker/dealer. No person shall make an investment decision based upon the act of Investorsvoice. Investorsvoice, LLC does not make any promises nor commitments that the companies profiled on Investorsvoice.com will be profitable. Investors should make decisions at their own risk. Investors should note that Investorsvoice does at times own shares in companies profiled on Investorsvoice.com , and at times are compensated by shares. Investors should be aware that Investorsvoice can sell these securities at any given time in the open market. Investorsvoice will not advise investors when to sell their shares. Investorsvoice.com will not be held accountable for any gains or losses for companies profiled on investorsvoice.com and via email. Investorsvoice advises research before investing.
For full details on Level 3 Communications (LVLT) click here. Level 3 Communications (LVLT) has Short Term PowerRatings of 4. Details on Level 3 Communications (LVLT) Short Term PowerRatings is available at This Link.
we will find out alot about this company monday
To me there are alot of questions out there hopfully they answer some of them monday
This is the same news in the news letter and so far it is having the same results, nothing!
to bad its not new news
It was also issues as a PR at 900 am this morning.
Press Release Source: Shiming U.S., Inc.
$400 Million Joint Venture Between Shiming U.S., Inc. and the Chinese Government Breaks Ground
Shiming U.S. In Crosshairs Of Chinese Stimulus Spending
* Thursday March 26, 2009, 9:00 am EDT
BAOJI, China--(BUSINESS WIRE)--Shiming U.S., Inc., (OTCBB:SGUS - News), a Chinese based consumer electronics manufacturer has started construction on a $400 million (US) technology complex joint venture with the Chinese Government. The complex will sit on 200,000 sq. meters of land already owned by the company. Pictures of the new technology complex can be seen at http://snshiming.ir.stockpr.com/
The official groundbreaking featured dignitaries from the city of Baoji and greater Guangdong Province, China, along with company CEO, Shiming Wang.
The Chinese Government is currently bringing 3G nationwide. Shiming U.S.’s new technology campus under construction will serve to satisfy China’s imminent massive demand for new 3G phone technologies. During 2009-2010, China expects to switch the current 600,000,000 cell phone users to 3G.
China is building its own 3G networks and supply chain from the bottom up in order to domestically retain the economic benefits of 3G, and thus has a policy favoring selected domestic manufacturers. Shiming believes it has significant and lasting advantage over established international 3G suppliers and domestic Chinese 3G start-ups due to this Government policy.
Shiming’s new state of the art technology campus also will have manufacturing space dedicated to other emerging technologies, including solar energy cells, silicon chips, and products for the rapidly expanding fields of oil field services and oil exploration.
Shiming currently operates another large technology complex in Shenzhen, China. Shenzhen is China’s most successful Special Economic Zone. Taiwan's largest company, the Hon Hai Group, has a manufacturing plant in Shenzhen making most of the iPods, iPhones and notebooks for Apple, Inc.
According to Reuters, “China will increase spending in areas such as infrastructure and manufacturing on top of the $586 billion (US) stimulus package it announced in November,” a senior Chinese economic planning official said. Any enhanced stimulus spending will likely benefit Shiming as an already established Government partner.
Besides the advantage of Government financing, Shiming U.S. benefits directly from other significant barriers to entry existing in China’s 3G markets, including the increased complexity of 3G requiring higher standards for stability and technological expertise. Shiming U.S. expects to be a leader in Chinese 3G manufacturing.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Contact:
Shiming U.S., Inc.
Shiming Wang, 86 29 88472240
fax: 86 29 88480529
Company News
$400 Million Joint Venture Between Shiming U.S., Inc. and the Chinese Government Breaks Ground
BAOJI, China--(BUSINESS WIRE)--Shiming U.S., Inc., (OTCBB:SGUS - News), a Chinese based consumer electronics manufacturer has started construction on a $400 million (US) technology complex joint venture with the Chinese Government. The complex will sit on 200,000 sq. meters of land already owned by the company. Pictures of the new technology complex can be seen at http://snshiming.ir.stockpr.com/
The official groundbreaking featured dignitaries from the city of Baoji and greater Guangdong Province, China, along with company CEO, Shiming Wang.
The Chinese Government is currently bringing 3G nationwide. Shiming U.S.’s new technology campus under construction will serve to satisfy China’s imminent massive demand for new 3G phone technologies. During 2009-2010, China expects to switch the current 600,000,000 cell phone users to 3G.
China is building its own 3G networks and supply chain from the bottom up in order to domestically retain the economic benefits of 3G, and thus has a policy favoring selected domestic manufacturers. Shiming believes it has significant and lasting advantage over established international 3G suppliers and domestic Chinese 3G start-ups due to this Government policy.
Shiming’s new state of the art technology campus also will have manufacturing space dedicated to other emerging technologies, including solar energy cells, silicon chips, and products for the rapidly expanding fields of oil field services and oil exploration.
Shiming currently operates another large technology complex in Shenzhen, China. Shenzhen is China’s most successful Special Economic Zone. Taiwan's largest company, the Hon Hai Group, has a manufacturing plant in Shenzhen making most of the iPods, iPhones and notebooks for Apple, Inc.
According to Reuters, “China will increase spending in areas such as infrastructure and manufacturing on top of the $586 billion (US) stimulus package it announced in November,” a senior Chinese economic planning official said. Any enhanced stimulus spending will likely benefit Shiming as an already established Government partner.
Besides the advantage of Government financing, Shiming U.S. benefits directly from other significant barriers to entry existing in China’s 3G markets, including the increased complexity of 3G requiring higher standards for stability and technological expertise. Shiming U.S. expects to be a leader in Chinese 3G manufacturing.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Contact:
Shiming U.S., Inc.
Shiming Wang, 86 29 88472240
fax: 86 29 88480529
The above appeared on Shiming's webpage this morning.
very nice news. There will be eyes starting to look at this one. Nice call Iblong2!
Investorsvoice Profiles New Hot Stock (SGUS)!
March 24, 2009 · Filed Under Stock Newsletters
Corporate History
Shiming was originally formed in 1999 as Shaanxi Shiming Science & Technology Joint Stock Co., Ltd., under the laws of PRC. In November 2006, the company combined with Argenta Systems, Inc., a publicly traded company incorporated in Nevada and quoted on the OTC Bulletin Board.
STRATEGIC ADVANTAGES
Shiming U.S. is uniquely positioned to benefit from China ’s recently expanded economic stimulus package in response to the global economic downturn.
Shiming believes it now has a significant and lasting advantage over both established international 3G/4G suppliers as well as domestic Chinese 3G/4G start-ups, due to the company’s joint venture with the China Government. States CEO Shiming Wang: "We have been hand selected to be part of the domestic 3G/4G revolution in China. We are positioned to benefit from the Government’s policy of favoring domestic manufacturing in this new technology. China is building its own networks and its own 3G/4G supplies from the bottom up in order to domestically retain all the economic benefits of 3G/4G technologies. We are thankful to the Government for recognizing our established high standards of production, and we soon will announce more opportunities growing out of this Government joint venture."
Besides the obvious advantage of Government financing, Shiming U.S. benefits directly from other significant barriers to entry that exist in China’s 3G/4G market, including the increased complexity of 3G/4G that requires much higher standards for stability and technological expertise. Three separate 3G/4G platforms are planned throughout China and therefore 3G/4G products must target non-standardized specifications, something Shiming U.S. is working closely with the Government to achieve. "We are truly the Government’s partner for China’s 3G/4G revolution," states CEO Shiming Wang.
SHIMING U.S. AND THE CHINESE GOVERNMENT BREAKING GROUND
$400 Million Technology Campus Breaks Ground, On-Schedule to Change the Face of China’s Domestic 3G/4G Phone Market
Shiming U.S., Inc., has begun construction on its new $400 million (US) joint venture with the Chinese Government. This new technology campus recently broke ground in Baoji, China.
The official ground breaking featured many dignitaries from the cities of Baoji and Shenzen as well as from greater Guangdong Province, China, along with company CEO Shiming Wang. Major Chinese Government officials were on hand to celebrate the start of construction, in a large public ceremony that occurred in early January, 2009.
This joint venture will establish a new technology campus, one of the largest in China, dedicated to providing the next generation of Chinese 3G/4G cell phones. The technology campus will additionally have manufacturing space dedicated to other emerging technologies, including solar energy cells, silicon chips, and products for the rapidly expanding fields of oil field services and oil exploration.
The new technology complex will cover 200,000 sq meters of land already owned by Shiming U.S., and will function as a Western style "for profit" U.S. corporation, despite the government financing and investment. States Shiming U.S. CEO, Shiming Wang: "Our company is a publicly traded U.S. corporation. However, in China’s state run economy, the Chinese Government sponsors alliances that it believes will help the people of China. We are pleased to be chosen for this very high honor and welcome the public trust that the Government has bestowed upon us."
Shiming currently operates another large technology complex located in the Changxing High and New Technology Industrial Garden also located in Shenzen, China. Shenzen, which is located immediately north of Hong Kong, is China’s second busiest port and is the most successful Special Economic Zone in the country, created under the economic liberation policies of the reformist leader Deng Xiaoping. Being a large city as well as southern China’s major financial centre, Shenzhen is home to the Shenzhen Stock Exchange along with the headquarters of numerous high-tech companies, and is home to the world’s ninth largest building, the Shun Hing Square.
Shenzhen is also home to a number of foreign IT companies with facilities in the city. Taiwan’s largest company, the Hon Hai Group, has a manufacturing plant in Shenzhen, which makes most of the iPods, iPhones and notebooks for Apple, Inc. Also, the Chinese conglomerate Lenovo, that bought the personal computing division of IBM in 2005, manufactures ThinkPad notebook computers in Shenzhen.
Shiming U.S. New Technology to Satisfy Massive Demand for New 3G/4G Phones
As the Chinese Government continues its push to establish new 3G/4G cell phone networks across China, Shiming U.S.’s new technology campus now underway in Baoji will function to satisfy China’s imminent massive demand for new 3G/4G phones. During 2009-2010, China expects to switch the current 600,000,000 Chinese cell phone users over to 3G/4G. Shiming U.S. has recently converted its existing manufacturing space to 3G/4G products, and advises that its current manufacturing capacity is 100 million 3G/4G phones per year. This number will increase when the new technology complex is completed later in 2009.
Comprehensive and systematic 3G/4G related investment in China is expected to be 776-954 billion RMB ($113.3-139.3 billion US) during 2009-2010, with a majority of the money going to new infrastructure, new hardware and new software. China has also recently announced a $1 trillion economic stimulus package, in response to the global financial slowdown, with large segments of the stimulus specifically targeted towards new technologies. Shiming U.S. advises that it fully expects the Government stimulus spending to drive 3G/4G sales, and believes spending on 3G/4G throughout China will not be affected by global credit concerns.
Shiming U.S. plans to capitalize on scalable opportunities created by becoming a partner with the Chinese Government. The new technology complex will include manufacturing space to meet other rapidly growing areas of technological demand in China, including solar energy cells, silicon chips, and oil field and oil exploration equipment. These areas are also targeted to receive stimulus funding from China’s $1 trillion economic stimulus package.
Shiming U.S. in Crosshair of New Chinese Stimulus Spending
Shiming U.S. is uniquely positioned to benefit from China’s recently expanded economic stimulus package in response to the global economic downturn.
According to reporting by Reuters, "China will increase spending in areas such as infrastructure and manufacturing on top of the 4 trillion yuan ($586 billion US) stimulus package that it announced in November," a senior Chinese economic planning official said on March 4. Shiming U.S. is an approved partner of the Chinese Government in China’s current nationwide platform conversion to 3G/4G cell phone networks. Under the partnership, Shiming received $400 million (US) Government financing for a new state of the art technology campus where Shiming will design, manufacture and distribute hundreds of millions of cell phones compatible with China’s new nationwide 3G/4G infrastructure.
As one of the few major economies still expanding, China is being closely watched amid hopes its demand and trade can help the world weather the most severe global slowdown in decades. According to Bloomberg News, China’s official manufacturing index climbed for a third straight month in February, signaling that the world’s third-biggest economy may be edging closer to a recovery.
CONTACT
SHIMING U.S. INC.
TEL : (86-29)-88480529
FAX : (86-29)-88472240
ADDRESS : 12/F,Shanxi Zhengquan Building,Gaoxin 2nd Road,Xi’an,Shaanxi Province,China
E-MAIL : http://snshiming.ir.stockpr.com/
If they dont have really good news march 30 im selling all of my shares
Another delay. This company does not seem to be able to get their act together.
I don't know how things work in China, but I can't imagine it not being positive for the company.
The one think that I do know is the fire works start next week!
How do you guys think the government envolvment will effect the company both
positive and negative ?
I would emagine the government will take alot of the profits unless the company just has to pay the 400mil back but knowing china I dought it
I just don't know how it works in china to be honest
which I probably should since I have so much tied up in this company
I'm hoping one of you could give me your input thanks
Newsletter out recommending Shiming!
Welcome To The Future by KK Pau
“The new pick I have is one in which deals with Technology and is a company that has boosted exponential returns in the past. It is a new type of technology that has been implemented into IPhones and Blackberry’s. It is 3 G technology.”
SGUS (Shiming: OTCBB: SGUS) went up 40% yesterday and shows no sign in slowing down.
The Company with 10 years experience in high technology is poised to now make another run.
In early December SGUS entered into a $400M USD joint venture agreement with the Chinese Government to build new technology facility.
They now have the capacity to produce 100 Million 3G phones a year.
“Our new government contract and government connections are very significant to being a part of the tremendous economic growth occurring in China.” – CEO Shiming Wang.
Those two bold words are very important to a company’s success on the Far East.
Since then, I have been surveying this Company waiting for them to resurface and Explode!
This official partnership with the Chinese Government, combined with greatly increased 3G phone manufacturing capacity made possible through this joint venture, will make SGUS one of China’s leaders in 3G phone manufacturing.
The demand for 3G is there and there will be a time in the next 12-24 months that not one phone on the market will not have this technology. Imagine that…All of China’s 600,000,000 plus users to abandon their obsolete phones in favor of new 3G hardware and software. This is the evolution mobile phone technology is taking.
The market for mobile phones in China is experiencing a rapid expansion at a rate of 80 million new subscribers a year and going up.
This stock has run up 500% at times in the past 6 months and based on my analytics is poised for a run somewhere in that magnitude. I am only going to predict 100% increase to stay conservative on my new favorite pick.
It is my goal to find viable opportunities for you to invest your money in this rocky market.
Sincerely,
KK Pau
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Shiming could use a piece of this pie.
China stimulus package lifts recovery hope. Plan could limit length, depth of recession in industrialized world
msnbc.com news services
BEIJING - China announced an expected stimulus package Wednesday that could help limit the length and depth of the recession in the industrialized world.
A legislative meeting starts Thursday in China and topping the agenda is what the government will do to lift growth rates, which have fallen in the wake of the global economic downturn. As one of the few major economies still expanding, China is being closely watched amid hopes its demand and trade can help the world weather the most severe global slowdown in decades.
Earlier in Asia, Chinese shares rallied, with Shanghai’s index jumping more than 6 percent to close at 2,198.11.
“Obviously, this unusual rally suggests that investors are overly optimistic about what to expect from the legislature. They think the government will do more to boost spending to stimulate the economy,” said Peng Yunliang, an analyst with Shanghai Securities in Shanghai.
As part of a robust national budget that will be unveiled Thursday, China will raise spending on its increasingly potent military 14.9 percent this year, maintaining nearly two decades of annual double-digit defense hikes that have stirred concern in Washington and among Beijing’s neighbors.
In announcing the spending increase Wednesday, a spokesman for the national legislature, Li Zhaoxing, played down worries about China’s military might, saying the boost was “modest” and suitable for world’s third largest economy. Much of the additional funding would go toward salaries and benefits for servicemen, he said.
China’s defense spending is on par with the budgets of Japan, Russia and Britain, but is still dwarfed by U.S. military expenditures, which are nearly 10 times as large. International military experts say China’s defense budget may be much higher than Beijing says because spending on military hardware and other items are not included.
The legislature’s annual session Thursday features a hefty stimulus plan to reinvigorate the flagging economy and ward off the global economic downturn. A government adviser said the spending plan will try to promote consumer spending and sets a goal of 8 percent growth — the same target China has put in budget plans for many years but that it may have difficulty reaching as demand for Chinese exports evaporate in the U.S. and Europe.
“The report will say that the main goal is to stimulate the economy,” said Tan Giok Sie, a Hong Kong businessman and a member of an advisory panel that meets concurrently with the national legislature.
Maintaining a strong rate of growth is believed by officials to be essential to create jobs, raise incomes and stave off unrest in a society that has grown used to steadily rising standards of living. Anything less than 7 or 8 percent, some officials say, would strain stability.
In recent months, the government has unveiled a 4 trillion yuan ($586 billion) stimulus plan and a 850 billion yuan ($124 billion) to expand and revamp an inadequate health care system.
Worried that throwing so much money at the economy would exacerbate already widespread corruption, a group of liberal Communist Party elders have called on the current leadership to be transparent
“We are very concerned that privileged and corrupt individuals may use this opportunity to enrich themselves, damaging relations between the party and the people and exacerbating social conflicts,” said the letter dated Jan. 20 and circulated on the Internet.
The defense spending increase, while still hefty, represents a deceleration from recent years, as the government tries to direct spending elsewhere and tensions with rival Taiwan decrease.
“The global economic crisis affected China as well as other countries. I think this year most countries will cut their military budgets,” said Ni Lexiong, a Shanghai-based international affairs specialist.
The 480.68 billion yuan ($70.27 billion) military budget, follows a 17.6 percent increase last year and 17.8 percent in 2007 — the biggest jump in more than a decade. It also marks the 19th double-digit percentage increase in the past two decades.
Li, the congress spokesman, said the latest figure equals 6.3 percent of the overall budget for 2009, down slightly from last year.
He said the increase would not pose a threat to any country, and that much of it would go to salaries and benefits for China’s 2.3 million-strong military force, the world’s largest.
“The limited military force is for safeguarding the state sovereignty and territorial integrity, and will not pose any threat to any other country,” Li said.
Despite such assurances, the U.S., Japan and others have questioned the reasons behind Beijing’s rapid buildup. The growth of Chinese military power has prompted widespread speculation over possible future conflicts over self-governing Taiwan as well as over contested island chains in the South China Sea and crucial sea lanes in the Indian Ocean.
U.S. National Intelligence Director Dennis Blair said last month that China’s military spending increases “pose a greater threat to Taiwan.” Relations between rival China and Taiwan have warmed recently, but Beijing still threatens to use military force to oppose any move by Taiwan to declare formal independence.
Teng Jianqun, a retired People’s Liberation Army colonel who now serves as deputy secretary general of the China Arms Control and Disarmament Association, said that the growth rate for military spending should go down, but that “the double-digit rate will remain for at least a few years in future.”
Looking good, ask at .09, hasn't been that high in months
Let's hope so, we haven't heard any news since the last big government funding announcement. This one is looking so much better now!
I expect real news in the few weeks. Stay Tuned!
Nice action the past couple trading days, slow and steady upward movement
News this week!
Google china telecom buys 3g phones from
and go to the 5th link down shanghai
instead of typing in the address in my last post
China mobile is already offering 3g service and selling phones
go to www.shanghai.gov.cn/shanghai/node17256/node18151/userobject22ai30897.html
if this doesn't come up as a link don't worry about it
its alot easier to get to if you know Chinese
china telecom says that it is scheduled to launch 3g service to 324 citys by the first six months so thats what im hearing to, may or june. They have already started bidding on 3g phones in late 08. They expect to buy 20 million 3g phones in 09 100 million by 2011. The big three are buying phones already this year.
More China 3G Cell phone news.
LG and Samsung will both unveil next week cell phones that you definitively won't want to keep in your pocket. They have developed prototype handsets that are recharged by solar panels built into the case. Samsung's phone is called Blue Earth and is a touchscreen model with rounded corners designed to loo like a "well-rounded pebble," according to Samsung.
LG didn't release much information about its prototype phone, but images from the company show what appears to be a version of its KF750 Secret handset with -- like the Samsung phone -- solar cells covering the rear of the phone's case.
Microsoft is crying foul over recent comments made by an Adobe executive that Silverlight has "fizzled" as a competitor to Adobe's Flash. In his blog, Tim Sneath, director of the Windows and Silverlight technical evangelism team, accused Adobe Executive Vice President and CFO Mark Garrett of "living in a fantasy world" if he thinks that Silverlight adoption is waning.
Sneath was responding to comments Garrett made when answering a question about Silverlight and the competitive landscape at the Thomas Weisel Partners Technology & Telecom Conference 2009 in San Francisco on Tuesday. In his comments, confirmed Thursday by an Adobe representative, Garrett said Silverlight adoption was strong when the technology was right out of the gate but has tapered off in the past six to nine months.
China Unicom is reportedly sending top executives to meet with Apple in the U.S. next month as rumors that the operator plans to bring the iPhone to China gain steam. China Unicom executives are going to the U.S. to negotiate with Apple over the introduction of the iPhone , and are likely to set a release date, according to a report carried by Sina.com, citing "knowledgeable sources." China Unicom plans to launch WCDMA 3G services in May.
In recent months, Apple had been rumored to be holding talks with China Mobile Communications, the country's largest mobile operator, about selling the iPhone in China. But those talks were always a long shot due to technological and business reasons, and lately rumors have been circulating that China Unicom is talking to Apple about selling the iPhone.
Asustek Computer (Asus) plans to offer fewer versions of its Eee PC netbooks this year to avoid confusion and lower production costs. The company, which pioneered the netbook phenomenon with the Eee PC, put out over 20 different versions of the device last year, with different names such as the Eee PC S101, Eee PC 1000H, Eee PC Surf and more. This year will be different for Asustek. The company will simplify the production and marketing of the Eee PC by reducing the number of models, CEO Jerry Shen saod at an investors conference in Taipei on Thursday. Although last year's Eee PC strategy gave users a much wider range of choices, it did not help Asustek fight off competition from newcomers.
…And those are the top stories from the IDG Global IT News Update, brought to you by the IDG News Service. I’m Sumner Lemon in Singapore. Join us again later for more news from the world of technology.
Looks like 3G cell phone service will not be available in China until Mid May 2009. At least that is what several news articles indicate. Here is one released today:
February 12, 2009, 11:28 am
New Chinese iPhone talks target May 17 — reports
china-iphoneHas Apple switched horses in China?
That’s the thrust of a pair of news reports out of Beijing this week that suggest a deal to carry the iPhone in China could be reached as early as May 17.
The first report, published Monday by Interfax-China, offered a recap of the sticking points that seem to have scuttled negotiations between Apple (AAPL), which is desperately seeking a partner in the world’s largest cell phone market, and China Mobile, the country’s — and the world’s — largest carrier (415 million subscribers at last count).
According to a source who claimed to have been briefed by China Mobile president Wang Jianzhou himself, the “third and final round” broke down over which company gets control of the App Store in China. (link)
The second story, filed Wednesday by China Business News via China.org.cn, reports that Apple is now negotiating with China Unicom, the country’s No. 2 mobile carrier (about 130 million subscribers).
“Yes, we are in talks with Apple Inc.,” a China Unicom manager told the newspaper. (link)
According to this account, the two companies have had several rounds of negotiations, beginning as early as last October, and have stumbled over some of the same issues as the China Mobile talks — including government restrictions on cell phones with integrated Wi-Fi.
But China Unicom has an edge over its larger competitor: On May 17, it will launch China’s first 3G service based on the WCDMA (Wideband Code Division Multiple Access) protocol — the one Apple employs. That would allow China Unicom’s customers to use off-the-shelf iPhone 3Gs without modification.
China Mobile, by contrast, is sticking with its home-grown TD-SCDMA (Time Division Synchronous Code Division Multiple Access) protocol for 3G service. In order for Apple to serve China Mobile customers, it would have to build a special Chinese iPhone with a different cellular modem chipset.
So keep your eye on May 17 … but don’t hold your breath.
“We will enter Asia with the iPhone in 2008,” acting Apple CEO Tim Cook said nearly a year ago, as AllThingsD’s John Paczkowski reminds us.
“We will one day enter China,” Cook added. “We’re not saying when.”
Or maybe next week?
News this week?
earnings march 30
any guesses out there on there earnings. Why did they wait over a year to release earnings? Why now? What are they selling? TVs still or phones?
looks like we will have to wait til march for news
china has given out licences for 3g two weeks ago
I really dont think they are selling their phones yet
we have awhile to wait, but it will be worth it
Most investers wont buy a stock if the company does not release what they are selling if anything. They have said they are making phones but have said nothing about selling them. I havent been able to find any info on their phone they are keeping things hush hush
When they released decembers news they new that info months before that
How about some news...any news!
i guess it will take verification of revs before this moves? strange no?
i cant find info on cell phone sales or a contact number
you are right about bad comunication
october they anounce that they bought land and they are going to start to make cell phones instead of tvs so im thinking how long its going to take to design and develop a phone and convert there existing plant then
two months later they are already making cell phones and they already have buildings designed and money to build them
I dont know what to think
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Corporate History:
Shiming was originally formed in 1999 as Shaanxi Shiming Science & Technology Joint Stock Company Ltd., under the laws of the PRC. In November 2006, the company combined with Argenta Systems, Inc., a publicly traded company incorporated in Nevada and quoted on the OTC Bulletin Board.
Business Description:
Shiming is a consumer electronics company, with a particular focus on the development and manufacture of competitively-priced liquid crystal display (LCD) products, including high-definition TVs (HDTV) and computer monitors. The manufacturing plant is located in the Changxin High and New Technology Industrial Garden in Shenzhen, China. For several years the company has been involved in the research and development of consumer electronics products and technologies such as LCD, plasma displays, and household electronics.
CURRENT PRODUCT OFFERINGS:
Computer Monitors and HDTVs:
Shiming currently offers a variety of LCD television sets ranging in sizes from 17 inches to 40 inches. The company also manufactures and sells computer monitors that come in 17 inch and 19 inch sizes. Miniature television sets are also offered with screen sizes from 7 to 8 inches. The plasma-based HDTVs range in size from 42 inches to 63 inches. All LCD products include displays based on sixth-generation TFT-LCD technology, which is the state of the art in LCD displays. In recent years, major advances in resolution ratio and light intensity have been made, enhancing the overall performance of LCD displays relative to other technologies. Components are sourced from a variety of foreign and domestic suppliers located in Taiwan, Shenzhen, Shanghai and Beijing, including the display component, processing chassis and other parts.
LCD Displays for Vehicles:
The company works with a number of vehicle manufacturers to produce integrated LCD displays. For smaller passenger vehicles, displays range from 7 to 8 inches. These displays are designed to receive broadcast TV programming and real-time traffic information via satellite. For larger vehicles including buses and trains, the company manufactures 15 inch and 17 inch displays. The larger displays are designed to receive advertisements and entertainment programming. Shiming sells its LCD displays to vehicle manufacturers through LCD distributors.
New Shiming Plant Complex
Recent News:
Wednesday December 3, 2:28 pm ET
BAOJI CITY, China--(BUSINESS WIRE)--Shiming (OTCBB:SGUS - News), a Chinese consumer electronics company with 10 years of experience in high technology, today announced it has entered into a $400 million (US) joint venture agreement with the Chinese Government in Baoji City to build a new technology complex.
Shiming believes that this official partnership with the Chinese Government, combined with greatly increased 3G phone manufacturing capacity made possible through this joint venture, will make Shiming one of China’s leaders in 3G phone manufacturing.
Shiming is also advising that manufacturing heavy equipment will be part of the production capacity in this new technology complex, thanks to opportunities recently created through their new partnership with the Chinese Government.
The new technology complex, to be created on 200,000 sq meters already owned by the company in Baoji, China, will have floor space dedicated to 3G hardware and accessories, solar fuel cells, silicon chips, and heavy equipment targeting the rapid growth business sectors of oil field exploration and oil field services.
Groundbreaking for the new technology complex is scheduled for late 2008. Plans and pictures of the new technology complex are available at: http://snshiming.ir.stockpr.com/
Shiming Wang, company CEO, points out that: “The commercial 3G market currently being developed in China is government assigned, meaning three different 3G platforms have been government-issued to China’s big three mobile telecoms. This differs from many countries, because the government’s involvement in private industry guarantees that the companies chosen to partner with the government are assured a preferential place in China’s domestic market. We believe our new partnership with the Chinese Government will not only dramatically raise our profile in China’s emerging 3G market, but will also open doors previously closed to this company.”
Shiming has already started producing 3G phones and accessories at their existing state of the art manufacturing plant, and has current production capacity to produce 100 million 3G phones a year. The new joint venture agreement with the Chinese Government, which includes a construction contract with the Baoji National Hi-Tech Development Company to build a new 3G phone factory, will greatly expand Shiming’s manufacturing capacity and allow the company to target other areas of great demand in China. “Our new government contract and government connections are very significant to being a part of the tremendous economic growth occurring in China,” states CEO Shiming Wang.
The decision of Shiming’s Board of Directors to pursue the 3G phone market was based on the continuing rapid expansion of China’s mobile phone customer base (at a rate of 80 million new subscribers in 2007). The total number of current mobile phone subscribers in the country is 600,000,000, and is projected to grow at even faster rates in the next 1-3 years as the entire country switches from older technology onto the newly emerging nationwide 3G networks.
“3G is an evolutionary upgrade in mobile phone technology that will soon require all of China’s 600,000,000 plus users to abandon their obsolete phones in favor of new 3G hardware and software,” says CEO Shiming Wang. “We are confident that our new partnership with the Chinese Government will help us compete in China’s state-controlled domestic 3G market, as well as open previously unavailable new markets for our products. We believe that our new partnership with the Chinese Government will finally help us achieve our goal of growing sales, growing profits and increasing shareholder value.”
About Shiming
Shiming is a consumer electronics company with a particular focus on the development and manufacture of 3G related technologies and also seeks to focus on solar energy cells, and silicon chips along with developing products for China’s oil field and oil exploration business sector.
Shiming was originally formed in 1999 as Shaanxi Shiming Science & Technology Joint Stock Company Ltd., under the laws of the PRC. In November 2006, the company combined with Argenta Systems, Inc., a publicly traded company incorporated in Nevada and quoted on the OTC Bulletin Board. For more information please go to: http://snshiming.ir.stockpr.com/
Monday October 6, 8:08 am ET
XIAN, China--(BUSINESS WIRE)--Shiming (OTCBB:SGUS - News), a consumer electronics maker based in China with 27 years of manufacturing experience, announces that the company’s Board of Directors has recently decided to pursue 3G mobile phone technology along with pursuing the development of products aimed at China’s rapidly growing energy sector.
Shiming will immediately shift the focus of company resources based on a recent decision made by the Chinese government to terminate a 17% refund in VAT given to the manufacturers of LCD screens and televisions. Shiming is depleting current inventories of LCD computer screens and televisions, and has implemented a new company strategy to focus on more rapidly growing sectors of the Chinese economy.
Simultaneously, Shiming is pleased to announce that it has acquired 200,000 square meters of land in Boaji, China, and will use this additional land in order to focus on developing greater manufacturing capabilities so the company can enter China’s rapidly expanding energy services markets. Manufacturing development being planned on this new land will focus on solar energy cells, silicon chips and Shiming will explore developing products for China’s oil field and oil exploration business sector.
With their exit from the LCD screen business, Shiming’s current technology manufacturing plant will immediately be converted to focus on the development of 3G mobile phones.
China has the largest mobile phone market in the world, with 260,000,000 mobile phones currently in service within the country, and with new users joining faster than anywhere else on the planet. The Chinese mobile phone market is now moving rapidly towards third-generation mobile communication, known as 3G, which is the platform of choice for such companies as Apple and Google, among others.
This shift in focus represents a very good opportunity for Shiming. From a feasibility study reported by China’s Department of Communication, the 3G mobile platform will bring in revenue of 17.9-22.5 billion RMB ($2.61-3.29 billion US) in 2008 and revenue of 241-337 billion RBM ($31.2-49.2 billion US) by the year 2010. 3G mobile will open many business opportunities for mobile phone hardware and software from 2008 to 2010. Investment in 3G related technologies in China is expected to be 776-954 billion RMB ($113.3-139.3 billion US) during this two-year period.
Shiming believes that many companies will be attracted to developing products for 3G mobile related products. But the cell phone market has now dramatically changed with the invention of 3G. Before the development of 3G, many mobile phone manufacturers were able to enter the mobile phone manufacturing and sales markets just by testing their products on a standardized communication network. However, some of the companies with previous success joining this non-3G communications network will now have greater barriers to entry into the 3G market because the 3G platform is not standardized and instead is complexly configured by many different manufacturers.
Due to this increased network complexity, it is now necessary to continuously upgrade the 3G phone hardware and software so the phones remain compatible with many different communication network providers. 3G phones must also employ advanced technology and increased stability. The development of 3G phones requires extremely high standards in technology and manufacturing experience. With 27 years of experience in developing advanced technologies, Shiming has an advantage over newer companies.
After establishing initial expertise in 3G mobile technology, China will soon develop at least 9-10 manufacturers dedicated to the 3G platform within the country. This will change China’s dependence on importing semiconductors and phone hardware, since domestic suppliers will now be able to replace Japanese and Korean sources. China itself will own the development of 3G phone technologies which will lead to the improvement of Chinese quality, lower Chinese prices and providing better service through a competitive domestic market.
The company believes that existing mobile phone users will be switching to the new 3G platform due to increased quality and expanded services available on 3G, and mobile phone users will also want to continuously change the style and look of their 3G phones, just as they did with previous cell phone platforms. The company targets that from 2008 to 2010 the sales of 3G phones will increase from 20 to 100 billion RMB (from $2.92 to 14.6 billion US). In the next six years the accumulated sale of 3G phones should produce industry-wide revenue of 450 billion RMB ($65.7 billion US).
Shiming further believes that it has an advantage to compete in China’s 3G mobile phone market because the company’s current manufacturing capacity can produce 100 million 3G phones per year. Shiming believes it can become a leader in Chinese production of 3G phones and that the company’s products and technologies will influence the ongoing development of China’s 3G communication network.
Forward-Looking Statements
Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
SEC Filings:
http://www.sec.gov/cgi-bin/browse-edgar?company=shiming&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany
COMPANY ADDRESS:
12/F,Shanxi Zhengquan Building,Gaoxin 2nd Road,Xi'an,Shaanxi Province,China TEL: (86-29)-88480529, FAX: (86-29)-88472240
E-mail: ir@snshiming.com Website: http://snshiming.ir.stockpr.com/
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