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Dinnucci, Read the performance reports. [eom]
Hello JB,
I've been unhappy for almost one year. I hear "It's getting better" and "Wait and see," but continue to see deteriorating results.
The stock price will follow the performance reports and no good press will counter it. CBQI continues to interest me as a speculative investment vehicle but lacks the solid fundamentals I look for in a long term play. I posted some sincere f/u questions on RB about the financing. I will appreciate any help in finding the answers.
If Earnings go Green, I'm set to take some chances. Their are too many companies that are going bankrupt in this market for me to take more of a chance than I have already taken w/ CBQI. I need more than positive press to stick additional cash in this one.
Good Luck and Cheers!
Bix
Getting Spookie
http://www.medcom.com (Geiger Counters for Sale?)
Book: "Living with Radiation: The First Hundred Years" (book) Price 35.00
Jafari Photo? http://www.netiran.com/Htdocs/WhosWho/000006WWG064.html
The Yahoo Cult.
On December 29,2000, someone with the alias "professor of evilology" started a discussion thread called "Bin Laden, An American Hero"
He Opened:
"In a world subverted by Zionist who promote drugs,violence,and multiculturlism,one man stands up against them ; his name is Bin Laden."
http://messages.yahoo.com/bbs?.mm=GN&action=m&board=9195136&tid=binladenanamericanhero&a...
http://messages.yahoo.com/bbs?.mm=GN&action=m&board=9195136&tid=binladenanamericanhero&a...
Other links are gone too.
"Creepy stuff from the COMPX board -"
http://search.messages.yahoo.com/search/messages?tag_M=Jafari&fname_M=txt_main
Check about midway down.
They have even eliminated links speaking about this wacko.
Gone on Yahoo as well.
JB,
I'm salavating, no doubt. Coulda shoulda woulda(if ya know what I mean). Nevertheless, I am committed till this Thursday. I'm not interested in "trading" CBQI. I'm looking to invest. I'm strong on CBQI at these prices;, especially below ten cents, but I'm also looking for the follow through on one of two areas before taking a position(1: Stabalize Revs. 2: Disclose PC Financing Terms/Strategies). Would be even better if both occured.
Steady buying would follow, IMO.
Checking Yahoo.
He linked to it so he must have been there.
Found one nut there already
http://messages.yahoo.com/bbs?action=m&board=9195136&tid=rabbijimmie&sid=9195136&mid...
Search other BB sites. I think he's on more than one board.
Nice work Gary. EOM
Does the 144 have any significant insight into current day operations? Or is this an idividual with limited information?
I'm going to hold
and wait for some more news Lebanese.
Its a buy at .10 and strong buy below.
WHAT IS BUYING PRESSURE?
Buying at .15 100,000 shares Day 1
Buying at .25 110,000 shares
Buying at .35 120,000 shares
Buying at .45 130,000 shares Day 2
Buying at .55 140,000 shares
Buying at .65 150,000 shares
Buying at .75 160,000 shares Day 3
etc.
YUPPERS : )
Gary, this is getting too cheap.
If CBQI cements the Distribution and Finance details, and this spread continues, I'll buy it up to .75. That will take less than 200,000 shares.
No doubt that someone will want to take profits(Especially at my expense! LOL). If the BULLS pick off the profit takers, it may even hit $1.00. CBQ still buying? Anyone have thoughts?
Bix
"They" do not control the stock price. Its going down because of the market demand for CBQI stock. Lets see.
Where is the assurance that it wont drop further? Without buying, its sure to continue. If Bart is able to meet his goal and make the third quarter profitable, you would find many interested buyers. This market is unforgiving to risk takers. CBQI has enormous potential with no real assurance.
Bix
Sid,
I'll muzzle my pessimittic comments a little more, but I stand behind my posts. I am happy to see the deal w/ ATEC and hope we hear more about additional work that needs to be accomplished. ATEC had several million dollars in sales originating from their TIS department. ATEC obviously sees an opportunity to lower costs or they would not do business w/CBQI. CBQI can learn a thing or two from ATEC (primarily how to file reports to SEC).
If you have not read ATEC's 10K, give it a look over. Its much more detailed and identifies sales to individual product lines.
Bix
Yup. Gary is not the enemy. He gets overly emotional from time to time but that is understandable considering his obligations as the paid IR agent.
He takes impression management to the limit. Its all good.
Bix
IS THE WORK GETTING DONE?
Continued: What lies ahead for financing?
CBQI will benefit from strong cooperation with the Chinese or a generous credit extension that can be used to puchase/acquire the requsite inventories to win any price war.
A positive point about financing. If CBQI offers financing to credit worthy cunsumers and retailers, it becomes hidden revenue. Buy it with $500 cash, or payment of terms ninety days same as cash, with option to roll over into 12 month payment plan at 18% above the prime rate compounded daily(retroactive to the date of purchase). You have now just generated additional $200 in revenue. Require 20% down (40% of costs) to extend credit to those with less than perfect ratings(Optional).
Underwrite the finace contract with a Debtor insurance to minimize risk (Now CBQI only makes $ 600). CBQI retains 1st right of collection on the Bad Debt to sift out the gravey accounts for litigation(Collection Expense Revenues for CBQI Attorney Types). And on and on and on it can go.
Verry positive development today. STOPING SHY OF A FINANCE STRATEGY IS CRAZY AT THIS POINT.
We are in agreement.
This is exactly what I was talking about in post # 2849. CBQI would not employ 24-7 technical support if it were shooting for >1% of the overall market. IMHO, this is evidance of work geared to accomodate "high volume strategies." This looks like a double wammy: CBQI obtained marketing support and product warranty support all in one shot.
What lies ahead for financing?
I am encouraged.
Bix
Gary you are splitting hairs.
The OEM order was your DD which you used to suggest 70% margins. My comments remain consistant. I want to verify "actual" margins.
Thank you
The Product Life Cycle Theory
Product: PCs
Stage 1.) Introduction
Stage 2.) Growth
Stage 3.) Maturity
Stage 4.) Decline
Which stage are you suggesting PCs are in Gary? You highlighted some of the criteria under Stage 1. (Exporting by the innovative country, and Exports and Labor). but did not commit to a particular stage.
I suspect PC lifecycles are on the decline, but I'll be conservative and say PCs are at Stage 3 of the product lifecycle(Maturity) because the innovating country (The U.S.) is experiancing; 1) Increased competitiveness in price while seeing: 2)Production startups in least developed countries(China).
Will you please tell me who Kaufman is?
Top Soft? I have no clue where you came up with that. I am talking about CBQI competition.
1) SOBUS is comprised of 40 seperate organizations. One of those organizations is Shanghai SVA Computer Co. Ltd -
2) According to your own post(IHUB#2779), Shanghai filled an “OEM order from the United States for 3.72 million PCs, from 2000 to 2001. Until now, this order is the largest computer export order in mainland China, with a value of $900 million.
And yes Gary "Major Player" is my emphasis along with the highlighted caption which supports "my oppinion". Before discussing my resons for calling SVA a "major player," please advise if you are retracting your comments about the $ 900 Million PC deal. I admitt it is wrong to rely on the accuracy of your posts to make my points, but I guess we all are guilty of making mistakes from time to time. Assuming you are retracting your own comments and now expect me to prove them correct; it is a leap in logic to blame me for trusting you.
If you want to discuss this like gentlemen fine. But please stop waging personal attacks against me with your "thread disruption" tag. Splitting hairs is one thing. Don't convey yourself as an IR crying wolf against the sole critical oppion on IHUB.
Ironic. See anything wrong with making reference to the Shanghai Deal to make your own point and later "tag" me as being "off-topic" when I use the same company to make my points? If I gave you the impression that I see CBQI as a total loss, please accept my apology and consider the possibility that you have misconstrued several of my comments. I simply want to verify some of the margins. Is that a discussion that you truely find "off-topic?" IMHO, profit/cost margins are "on-topic" regardless of any misconstrued comments.
Tell you what. I'll end this discussion on the following note: I will continue to contact manufactures in China to determine what the cost actually is. Furthermore, I will voluntarily cease discussion of my efforts and SOBUS until I have an answer. Good Night Gary.
1) SOBUS (Software Offshore Business Union of Shanghai)is CBQI competition. Members include Legend and Shanghai SVA Computer Co. Ltd. From the net:
At the early stage of the 21st century, 30 software enterprises involved in Shanghai software industry initiated and united into Software Offshore Business Union of Shanghai (Hereinafter referred to as SOBUS) in the face of the potential software offshore business market and competitive domestic and overseas environment. The principal purpose of such kind of organization is to combine various strength into integrated advantage, which opens up the international market and quickly expand the scale of software offshore business of Shanghai. Link: http://www.osisolve.com/Offshore.htm
Another Site:
"In the face of the potential software offshore business market and competitive domestic and overseas environment, 30 software enterprises involved in Shanghai software industry initiated and united into SOBUS. The principal purpose of those organisation is to combine various strengths into integrated advantage, which can help SOBUS and its affiliated members to open up the international market and quickly expand the scale of software offshore business of Shanghai. SOBUS will actively open up software offshore business and promote the grand development of the Shanghai computer software s offshore business. SOBUS will provide ist members with services such as establishing a united software engineer training network, improving the managing and developing capabilities of SOBUS members and expanding the strength and international influence of SOBUS to form a good market environment for the software offshore business. To gain software developing by SOBUS members, to implement quality tests and evaluation according to exclusive standards, and to deliver software over Internet is our business. SOBUS is supported by the local government."
Resource of SOBUS:
The number of member enterprises : 40
The total number of software developers: 4500
Among them:
project manager: 300
system analyst: 400
advanced programmer: 700
intermediate programmer: 1300
general programmer: 1800
2) Legend is a Chinese computer manufacture and market leader for computer sales within China's mainland.
http://www.legend.com.cn/
3) What CBQI does (hardware and software). This question depends on who you ask and when you ask it. However, CBQI has announced it engaged two Hardware Manufacturing companies in China for the purpose of importing computers from Mainland China to sell in the U.S. One was called Superior and I think the other was Legend. On the Software Side, I refer you to the above: who you ask and when you ask it. CBQI's earlier announcements indicate CBQI is engaged in an internet based auction site. Some indicate CBQI does web development and others say CBQI is outsoursing software work to divisions in Mainland China. CBQI has announced so many plans that it is unwise for me to say I know which they are actively pursuing, which they have tossed, and which ones are on the "back burner." From CBQI's website: "CBQ, Inc. is a full service, end-to-end e-business solution provider, which provides software-outsourcing through its subsidiary EasySoft International Inc., Beijing, China and Miami, FL; provides technology and network Integration engineering services through its subsidiary Networkland, Rosslyn, Virginia; provides software programming and development though its subsidiary Technet Computer Services, Inc., India and Tyson's Corner, Virginia; and provides network integration though its subsidiary, CBQ NETSERV, Hunt Valley, MD."
4) Dell, Compaq, IBM, HP do (hardware)... are U.S. Based computer manufactures (some with global operations extending into China's mainland).
5) ULTRACHINA - I only have what is on the net: Ultrachina a U.S. based partner of SOBUS and has offices in New Hampshire: "UltraChina is a well-known China Business Consulting group based in New Haven area of Connecticut. It was formed to provide one-stop business services to American companies,.... Our services include: strategic planning, business development, joint-venture development, technology transfer, Chinese-English web design & hosting."
6) Shanhai SVA Computer Co, LTD is a member of SOBUS and major player in the business of exporting Chinese manufactured computer hardware from china into the united states (The Competition).
7) Open Systems Interface Solutions is an international partner of SOBUS - with offices in New York, NY.
No Gary, I sincerely do not.
Who is Kaufman?
Gary: Its Chin not Kaufman.
But since you raised the issue, who is Kaufman? What company does he work for?
In post # 2852 you said "hehehehe, I made a few calls on your last crock on nonsense. I talked to Kaufman himself and made a few more inquiries and find highly interesting that your off-topic site is no longer up."
This was in responce to my post # 2851 where I said: I am trying to determine how difficult/easy it is to do what CBQI is doing. Acting as a venture capitalist, I called OSI and spoke to Kevin Chin. Kevin did not sound too aware of Shanghai's membership status with SOBUS. I told him I wanted to buy computers from China, and he told me it "would be cheaper to buy them in the US because the processors are manufactured here." I advised Kevin of the artical showing the multi-million unit OEM order and he said he would call SOBUS for me and have them call me directly.
YOUR WORDS: "This stunt today you are trying to imply CBQ has nothing worth anything to anyone for any reason like that whole bunch of nonsense you did with this off topic compnay trying to say CBQ had no first mover advantage."
MY WORDS: Which manufacture put the ice to IBM? ...Legend (the company CBQI met with in China). As long as CBQI is in the business of importing computer hardware, discussing the overall barriers facing new market entrants is extremely relevent. If any person and their brother can do this, it is that much more crucial for CBQI to act fast.
Focus on CBQI rather than the sole critical point of view on IHUB. Who was Kaufman?
Telephone : 212.432.5999
Sounds like you didn't get through to same office I did Gary. Off topic site? = UltraChina? Yes that is what I posted to Da! earlier today (Which is the reason why I went through OSI).
What is your point? I am simply verfying the dificulty level of copying CBQI's business plan. Kevin works at OSI (Not UltraChina nor Shanhai) and has not called me back. He was in a hurry and had a meeting. He said someone from SOBUS would call me directly. I did not ask who Kaufman was. Is he with Shanghai, OSI, SOBUS or UltraChina?
I will continue attempts to contact Shanghai SVA Computer, Inc. I want to verify the 70% profit margins your talking about. I think your low. 2001 profit margins should be higher on Pentium III systems.
Talking about my love or hate for this stock is "Off-topic" and irrelevant. I am amuzed by the stock but not willing to throw good money after bad by investing large without knowing more of the facts. Try not to focus on me Gary. Focus on the points. Kevin is obviously ignorant if he thinks its cheaper to manufacture in the US. Nevertheless, he has contacts with SOBUS so I'll cut him a break.
Export/Import is irrelevant Gary. The point of my previous posting(last week) was that American Computer manufactures are having problems competing with Chinese manufactures in Mainland China. Naturally, that part went over Da!'s head, who began arguing against the numbers obtained by the U.S. Gov(Wondering if he gets it now).
Which manufacture put the ice to IBM? Legend (the company CBQI met with in China). As long as CBQI is in the business of importing computer hardware, discussing the overall barriers facing new market entrants is extremely relevent. If any person and their brother can do this, it is that much more crucial for CBQI to act fast. When I asked CBQI how an independant retailer could purchase computers from CBQI, I was told "No Comment." Looks like I'll have to continue asking companies like OSI.
This is interesting. SOBUS, who's membership includes Shanghai SVA Computer CO. Inc, is an international partner with Open Systems Interface Solutions, a.k.a. OSI Solutions.
Open Systems Interface Solutions.
One World Trade Center, Suite 2281
New York, NY 10048, U.S.A.
Electronic mail : Info@OSISolve.com (General Information)
I am trying to determine how difficult/easy it is to do what CBQI is doing. Acting as a venture capitalist, I called OSI and spoke to Kevin Chin. Kevin did not sound too aware of Shanghai's membership status with SOBUS. I told him I wanted to buy computers from China, and he told me it "would be cheaper to buy them in the US because the processors are manufactured here." I advised Kevin of the artical showing the multi-million unit OEM order and he said he would call SOBUS for me and have them call me directly.
So far, I've had no luck buying low-cost high cost computers from China.
Link to OSIS: http://www.osisolve.com/Default.asp
Da! Did you manage to open links to UltraChina website? Tried again today and they're closed.
Is the work getting done?
If CBQI is merely looking to move > 100,000 units, we may not hear about any detail until after orders are filled. If CBQI is looking for High Volume Distribution, we should see some of the following.
1) Marketing: With recent news from Intell and HP, CBQI must execute quickly. ISO contracts?
2) Distribution: Any successful marketing effort must be predicated by a logistics plan that moves products expediantly. FedEx, UPS, Teamster contracts?
3) Financing: Who will underwrite the transactions to retailers? Third party financing for vendors(i.e. 90 days-same as cash)?
The HP/Compac deal...
May not affect CBQI if CBQI is planning on importing Pentium III systems at costs substially lower than market price.
CBQI does not have to sell the best system available. Is it reasonable to suspect that many would buy if the price were below $ 500.00? For a complete system: I think it is.
Will CBQI be affected by HP/Compac deal?
http://www.go2net.com/headlines/financial/20010904/356710.html
"In seeking to compete with IBM and Sun at the high end of the computer market, and Dell at the low-end, Compaq and Hewlett for several years have been pursuing a common strategy to refocus their computer efforts on a new generation of Intel chips."
Doesn't this article suggest investors should stay away from Hardware Da!?
Bix
Da!
Will you please post a link?
Da!,
No if,ands, or buts, about it. Purchasing terms will dictate product volume. Bart's knowledge is not the issue. Bart's ability to negotiate consignment or factory financing will determine the outcome. IMO, High Volume strategy would be welcomed by the bear market.
From a practical point of view, Intell plays a roll in the success and failure of a high volume strategy. If Intel makes Chinese products obsolete before arrival in the U.S., it closes some important doors. On the other hand, that alone may give Bart the requisite leverage to stress the importance of swift penetration of competitively priced Pentium IIIs. Two Gig Pentium IV systems are unable to overcome bottleneck caused by bandwidth limitations. Only specific types of computer users enjoy the advantages of a Pentium IV. IMO, Product lifecycles on the Pentium IIIs require rapid distribution for success in a high volume strategy.
Obviously, the number of systems CBQI attempts to sell determine the number that are actually sold. Is CBQI looking for a $ 250 profit margin on 100,000 systems or will it settle on $ 50 margin on 2,000,000? Profit margins will only be favorable early in a price war campaign. After twelve weeks, it comes down to a numbers game. Can CBQI overstock the market to the degree that it becomes unprofitable for a new entrant to compete? If CBQI can buy direct from factories in China, so can you or anyone else (like IBM and APPLE). This is where profit margins shrink.
The profit margins are not as crucial if CBQI has opportunities for volume. If CBQI fails to penetrate early and capture a modest percentage of the market, I fear this plan will find its way onto the infamous "back burner." Back-breaking sales-work must be done to assure that CBQI can compete.
We dont' have to know what CBQI plans to do to predict the future. If CBQI intends to follow a high volume strategey, it will be noticable by this Christmas. Volume will require shipping contracts (unless CBQI starts purchasing freight transport equipment). In the words of one successful man, "Genius is 1% inspiration and 99% perspiration."
T.Edison - Founder General Electric. If this "plan" is more than talk, you will see and smell the sweat.
Gary,
It is terms like "back burner" that create the impression that CBQI was more interested in writing a press release than it was in selling revenue generating products and services.
How can investors be assured that the most recent news of importing PCs will not find itself on the "back burner" one day?
Gary, Apparntly that will change. Lets change the discussion to CBQI. Several important details have not been disclosed.
Assume someone is sincerely interested in purchasing a lot of Computers for Retail sale in the U.S. Is CBQI in a position to offer consignment? Or would CBQI want FOB?
There are multiple options for international trade. The most secure method for the Chinese is to request that CBQI engage in signing an irrevocable letter of credit. This method, while offering greatest security to the manufactures, would be the least attractive to CBQI. It requres that CBQI make funds available prior to shipment(Deposited in International Account) which can later be released to the Chinese after CBQI inspects and takes custody of the merchandise.
It will limit CBQI's ability to import mass quantities of PCs for resale in the U.S.(Limited to CBQI's Credit). If the Chinese are interested in Mass Distribution then it would be better if CBQI were provided consignment options. This will allow CBQI to import and store PCs until retail markets are opened. This option will clearly be least beneficial to the Chinese in the short term with greator long term success.
If consignment options are not on the horizon, and CBQI remains in a cash strapped position, then this planed distributorship is facing uphill battles. Again, assuming someone is sincerly interested in purchasing a lot for retail sale, How would CBQI handle the order?
Bix