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TELECOM COMMUNICATIONS (TCOM) RSS Feed

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3
Posters
20
Posts (Today)
0
Posts (Total)
53
Created
07/05/04
Type
Free
Moderators
TELECOM COMMUNICATIONS (TCOM) Company website http://en.icchina.com/ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ ABOUT TELECOM COMMUNICATIONS Telecom Communications (TCOM) recently acquired Arran Services Limited, which effectively gives the company control of IC China Star East MMS. Shares of TCOM closed Friday at $1.02 per share and with approximately 36.2 million shares outstanding, the market cap comes out to $36.9 million. For the first eight months of this year, Arran has generated about $7.8 million in sales with $780,000 in net income. TCOM projects annual sales to exceed $12 million for the year. We will talk more about valuation in the next section. Let's see what the company's actually does. IC Star East MMS Ltd. (http://www.ICChina.com) was established in December 1991. The company has contracted with more than 2000 websites and collected all of their Internet and mobile phone users to be the online/offline members. ICChina.com links entertainment and life style information to local communities across China. This website is the largest local content affiliates website in China. The possibilities here are huge as China is the single largest mobile communications market in the world with more than 250 million mobile phone users and 10 billion short messages transmitted per month.
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