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TOMO .news
Reuters
Third Chinese IPO flop as SMIC stock down on debut
Wednesday March 17, 1:08 pm ET
By Steve James
NEW YORK, March 17 (Reuters) - The third Chinese initial public offering in New York this month fizzled on Wednesday, as shares in chipmaker Semiconductor Manufacturing International Corp. (SMIC) (NYSE:SMI - News) fell in the company's market debut.
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SMIC's disappointing start and anemic after-market performances by Linktone (NasdaqNM:LTON - News) and TOM Online Inc. (NasdaqNM:TOMO - News) bode poorly for Chinese companies planning overseas IPOs worth a combined $23 billion this year.
One analyst suggested investors might in future shy away from highly touted Chinese offerings. "This has basically poisoned the Chinese IPO market," said David Menlow, president of IPOfinancial.com, an online IPO newsletter. "I can't believe the markets will be receptive to the next (Chinese) deal."
Another analyst said a gaffe by SMIC's chief financial officer may have spooked some investors. The company acknowledged the executive made "inaccurate statements" when she said SMIC would have sufficient capital to meet planned expenditures through 2005. Those comments contradicted what the company said in a filing with U.S. securities regulators.
Mark FitzGerald, who covers SMIC's rivals in Taiwan for Banc of America Securities (News - Websites) , said the misstep raised concerns whether SMIC would need to raise cash, diluting the shares.
"It makes people wonder what's really going on here," he said. "That doesn't give people a lot of confidence that they're really on top of it."
Drew Peck, a semiconductor industry analyst with America's Growth Capital, a Boston-based investment bank, said he was not surprised by SMIC's first-day flop, considering the industry was "a little shaky," with flat demand, especially for chip-making foundries like SMIC.
"This typically happens when you have a hotly anticipated IPO, especially in a new space like China, where it has been heavily publicized, where a fair amount of stock is going out and lots of people put in orders on speculation.
"The net result is that IPO day can be anti-climactic," said Peck. "It's going to take work by SMIC to create interest to go beyond investors who just put money in a Chinese IPO."
SMIC's IPO, which raised $1.8 billion when priced last week, had been heavily promoted, with some Hong Kong analysts predicting the stock would rise as much as 20 percent on its first day on the New York Stock Exchange (News - Websites) . It begins trading in Hong Kong on Thursday.
But after senior SMIC executives rang the NYSE's opening bell, the stock slipped nearly 10 percent to $15.80 in afternoon trading from its IPO price of $17.50 per American depositary share.
The other two March IPOs from China also continued their slide since going public on the Nasdaq. In early-afternoon trading, Linktone was down 4.2 percent at $10.63, way below its IPO price of $14 on March 4. TOM Online, whose March 9 IPO price was $15.55, slipped 4.2 percent to $12.40.
Fitzgerald said a further investor concern was that chip stocks have already peaked and that SMIC, a relative newcomer to the industry, may have trouble meeting its targets.
"People's expectation for the company, in terms of the actual financial performance, is probably too high," he said. "People are looking at next year and saying 17 percent operating margins. I just find that a heroic leap given where they are today."
Menlow said it was difficult to say precisely what caused the stock drop for SMIC, which is 11.4-percent owned by mobile phone giant Motorola Inc. (NYSE:MOT - News). "When it prices at the upper end of the range and opens down, there are so many inconsistencies. I am at a loss, but SMIC has decimated a huge number of investors today.
"There must be a major disconnect from what people were led to believe. Maybe it's something connected to the 5-day delay (between a foreign IPO pricing and start of trading)."
He said Linktone and TOM Online were profitable companies and SMIC was successful in the semiconductor field. "After the performances of recent deals, the only way a Chinese IPO will be successful will be if they have no expenses against their revenues," he said.
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OT: snowing here in new york....going snowboarding..eom
just wokeup......gezzzz MOTD
getting kill....got more at .19
catching falling knives??
bought MOTD at .29 eom
sold PAVP at .01
had bought at .0095....sold 1/2 at .016
bought back 1/2 at .0135
sold all today.
Have sell order GBLL at .031 not getting fill.
bought at .021
going out for few hours.
MSHI...broke 52week high
still holding.
NWAV .. news out friday after market closed.
I'm holding NWAV from 2.80
Press Release Source: NeWave, Inc.
NeWave Signs TV Game Show Host and Celebrity Personality Bob Eubanks to be National Spokesperson
Friday March 12, 4:05 pm ET
LONG BEACH, Calif., March 12 /PRNewswire-FirstCall/ -- NeWave Inc. (OTC Bulletin Board: NWAV - News) announced today that it has signed TV game show host and celebrity personality Bob Eubanks to a personal services contract. Through his company Luminary Ventures, Mr. Eubanks will perform promotional and business development services for NeWave and its wholly-owned subsidiary Onlinesupplier.com.
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Michael Hill, NeWave CEO stated, "With the addition of Bob Eubanks to the NeWave team, we now have a bona fide PR spokesman to assist us in strengthening the Onlinesupplier franchise." He added, "Creating brand awareness among the vast pool of potential new members is a critical component of our marketing strategy. I believe Bob is the ideal candidate to help us craft our identity."
Bob Eubanks commented, "I am excited to be joining NeWave and assisting in the continued development of Onlinesupplier. After initially being presented with the idea, we thoroughly researched the opportunity and were genuinely impressed with the management team, the concept behind Onlinesupplier and the rapid growth the Company has achieved in such a short time span." He added, "I am looking forward to the challenge of building value through the Onlinesupplier franchise."
About Bob Eubanks
Bob Eubanks started his broadcasting career as a disc jockey, working at KACY Radio in Oxnard, California. In 1960, he joined the staff of Los Angeles' popular rock 'n' roll radio station, KRLA, where he remained for eight years. Eubanks, along with such other notables as Charlie O'Donnell, Wink Martindale and Casey Kasem, made the station #1 in Los Angeles and, many felt, in the country.
While a career as a recording artist eluded him, Eubanks was actively involved in the musical careers of some very popular recording artists, producing the live concerts for the Beatles (three years of the band's Southern California concert dates), The Rolling Stones, Barry Manilow, Elton John and Bob Dylan, among others. He gained great notoriety while promoting the Beatles concert at the Hollywood Bowl. It was during the heyday of the 60s that he also launched a string of nightclubs for young adults called "The Cinnamon Cinder," showcasing such artists as Stevie Wonder, Ike and Tina Turner, the Beach Boys and the Supremes, just to name a few.
Chuck Barris Productions then hired Eubanks to host their new relationship game show, "The Newlywed Game," which premiered on ABC's daytime schedule on July 11, 1966. The following January, the show was added to ABC's prime time lineup, where it would lead the network's drive to prime-time game-show success for five years. "The Newlywed Game" was ranked among the top three daytime game shows from October of 1968 through April of 1973, and was among the top three rated prime-time game shows from October 1966 through April of 1971. His producer credits include: "The Tony Tennille Show," Buddy Hackett's "You Bet Your Life," "The Guinness Game" and "Infatuation." Eubanks also participated in the production of the motion pictures "Payback" and "Forced To Kill. Each year Eubanks can be seen hosting "The Hollywood Christmas Parade" with co-host Leeza Gibbons for KTLA-TV, Los Angeles.
About NeWave
NeWave, Inc. through its wholly-owned subsidiary Onlinesupplier.com offers a comprehensive line of products and services at wholesale prices through its online club membership. Additionally, NeWave's technology allows both large complex organizations and small stand-alone businesses to create, manage, and maintain effective website solutions for e-commerce. To find out more about NeWave (OTC Bulletin Board: NWAV - News), visit our websites at www.newave-inc.com or www.onlinesupplier.com . The Company's public financial information and filings can be viewed at www.sec.gov .
Forward Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products and services or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
--------------------------------------------------------------------------------
Source: NeWave, Inc.
I'm back from Colorado....
I'm glad and happy to see Dave in action again
Got my little puppy,chocolate Labrador...6 weeks old.
When I first saw him he look like little bear(kodiak bear)...lol
so, I name him.Kody.....kids and wife fell in love already..lol
Got lots of catching up to do....I'm beat tho..
Maybe little nap first...
Again... Glad to see you Dave~~
I will also say a prayer for you and your family.
Be strong,think positive.
Remember, you got good friends here.
I love to trade day like today....up and dowm market.
I'm going to colorado to get my puppy...hehe
so, I have to get things ready..
My flight tomorrow morning 6;00am
Later guys~
going back out....eom
PAVP..got this from other board.
Posted by: firefight4
In reply to: None Date:3/11/2004 1:38:29 PM
Post #of 3404
PAVP email, A MUST READ! printed with permission of the person who received it on Raging Bull. His Raging Bull ID is stockmexp1, many thanks to him.........
here is an email that an RB poster received from the PAVP investor relations guy named George......
XXXX,
The problem here is that the shareholders in PAVP do not have any patience. The company is working hard to build a successful and profitable operation and it takes time to do so. News cannot come out every day, it is impossible. The symbol change will be announced once we get the approval from our comptroller. News will be released this week on our new shell and other developments. Those that are in PAVP for the long term will benefit.
Regards,
George
PR Advisor, PAVP
----- Original Message -----
From: XXXXXXXXXX
To: georgeabi@rogers.com
Sent: Thursday, March 11, 2004 10:53 AM
Subject: The price drop continues
George, I have been talking to some investors that simply lost all trust in pavp. when it goes up in price, it is followed by a huge price drop. Furthermore, even if we get to the level where I did buy. Most that bought in the .008's will sell for a nice profit leaving the true shareholders angry. A share buyback is the only solution here. Andrea will gain by keeping his shareholders happy, and having a higher share price. Is the symbol change going to be announced today?
Sincerely,
XXXXXX
I just came back...and tried to trade edll..and
my free trade are not taking any orders..?
"We are not accepting opening transactions for this security."
uhmmm...
If nothing work..I just go to yahoo..
They are not always up to date...but you get the idea.
cvgr
http://finance.yahoo.com/q/ks?s=CVGR
nga
http://finance.yahoo.com/q/ks?s=CVGR
mahi
http://finance.yahoo.com/q/ks?s=mahi
good nite all~
That would be sweet!!!! IF QBID ever gets to
$4....We all be millionaires.
IMO .. Any sign of that this gonna launch...
.04-.05 very possible.
But ...hearing from longtime(atleast year or more)share holders
They(QBID) tried and tried .....over and over..
But,this time could be true?...hope so..very much.
Be back...got to eat....eom
WEFN...float 2.5 mil
NGRU....float 8.5 mil
MSGI...float 1 mil
AMTA..float 1.7mil
MFCO ...float 2.3 mil
Here is few more we could swing trade..very low float.
MAHI.... 1mil float
NGA...4.7 mil float
also good for swing trade...imo
CVGR earning came out...pretty bad..
But the guidance..pretty ..ok
http://biz.yahoo.com/prnews/040310/nyw167_1.html
CC tomorrow morning at 9 am....trying to stop from free fall??...lol
could be good for scalping
I've been out all day....market took some beat toaday..uhmm
nasdaq to 1850??...
looks like QBID was strong....volum good also.
let me look around ..
Tim ... nothing wrong with taking profits on QBID.
look at me...I'm still holding GBLL bought at .021
could've ..would've...sold at .03s...I was looking for .045..lol
EDLL is tough one...its trading all over, as you 've seen today.
I don't have much DD on it.
I'll just watch tomorrow...and jump in
Let's say its trading at .40.....I'll bid at .20s
If trading at .20s....I'll bid at .10s
I hope it works....lol
I'm beat...taking a nap till tomorrow morning...lol
nite all~~~
Market..Welcome a board
We post all stocks that has potential...
Heres some board.
http://www.investorshub.com/boards/board.asp?board_id=2059
http://www.investorshub.com/boards/Board.asp?Board_ID=1505
http://www.investorshub.com/boards/Board.asp?Board_ID=1781
http://www.investorshub.com/boards/Board.asp?Board_ID=2199
http://www.investorshub.com/boards/Board.asp?Board_ID=274
http://www.investorshub.com/boards/Board.asp?Board_ID=26
http://www.allstocks.com/stockmessageboard/cgi-bin/forumdisplay.cgi?action=topics&number=8&S...
http://www.allstocks.com/stockmessageboard/cgi-bin/forumdisplay.cgi?action=topics&number=4&S...
AVWI...perfect timing for news.
Press Release Source: ActionView International, Inc.
ActionView International, Inc. Completes Initial Installation into Home Depot
Tuesday March 9, 4:01 pm ET
POINT ROBERTS, Wash.--(BUSINESS WIRE)--March 9, 2004--ActionView International, Inc. ("ActionView") (OTCBB: AVWI - News), has just completed installation of the ActionView motion billboards system into a branch of the world's largest Home Improvement chain, Home Depot. The installations are comprised of three ActionView 4'x6' backlit scrolling billboards in the Company's test store. The Retailer has approximately 1,500 stores located throughout North America and is the acknowledged world leader in home improvement marketing.
Initially, the Company will place 30 backlit life-sized advertisements within the 3 signs located in various parts of the store utilizing the ActionView technology. Home Depot's Visual Merchandising division will manage the point-of-purchase messaging to maximize its effectiveness for the store.
The placement of ActionView scrolling signs in this environment is focused on providing "at-home-services" with the highest quality exposure opportunity and increasing revenue streams.
Capable of displaying 12 separate life-size, backlit messages in a single sign, ActionView's billboards are installed internationally in retail stores. These installations have returned significant increase in advertiser sales at the point-of-purchase.
ActionView CEO, Rick Mari states, "We are extremely pleased for the opportunity to work with Home Depot on this very important project." Similar tests with other retailers have provided conclusive evidence that product sales have substantially increased in each retail store displaying advertisements using the ActionView scrolling sign system.
About ActionView International, Inc.
ActionView International, Inc. is the owner, marketer and franchiser of sophisticated and computerized backlit scrolling billboard sign technologies for local and international public venues. Through its 12-poster scrolling backlit sign system and revenue sharing program, ActionView is positioned to make a serious impact on the multi-billion dollar point-of-purchase global outdoor advertising industry. ActionView's 2004 business development plans include the installation of thousands of signs in multi-national retailers stores around the globe resulting in millions of dollars of advertising revenues.
Forward-Looking Statements
This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking-statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as 'expects', 'will,' 'anticipates,' 'estimates,' 'believes,' or statements indicating certain actions 'may,' 'could,' or 'might' occur.
On behalf of the Board of Directors of ActionView International, Inc.
Christopher Stringer, President
--------------------------------------------------------------------------------
Contact:
ActionView International, Inc.
Investor Relations, 888-889-0888
Website: www.actionviewinternational.com
--------------------------------------------------------------------------------
Source: ActionView International, Inc.
PieSky..YES EDLL down .27 ..closed at .30
I didn't get my .22...but tomorrow I'll be trading EDLL again.
QBID closed at .29
I think Dave is still napping...lol
It's my turn now..
no..still buy order in at .22...
had them for 30 min..
trying to buy edll at .22...not giving it to me..lol
PAVP .dang missed .008
QBID at .003.....I thought could come back down
to .002...guess not.
good volum.
Sold EDLL at .40 from .35 (while I was out)
I had buy limit at .26 went out..got filled
limit sell order at .30 went out ..got filled...lol
weird stock
bought EDLL at .35 sold at .39 ....lol
took me an hour..
one weird stock
QBID/TIME WARNER
http://www.hoinews.com/news/features/2/626822.html
Consumer Watch
February 10, 2004
Jen Christensen
Homosexual TV
A new cable channel is hitting the airwaves. The Triangle Television Network will make its debut in the next three months. TTN will specialize in programming for gays and lesbians. It's available to about 10,000 cable TV companies for $2 a month. Time Warner Cable Television has agreed to make the signal available to any of its local subscribers. Programming will include taped gay athletic contests and fashion shows.
sold 1/2 QBID at .0024....they tookem like hot cake...eom
BBAN bid .072 ask .074 eom
QBID .0025 ...nice going...eom
good morning all~
daily market commentary
The Futures are pointing lower this morning after both the DJIA and Nasdaq sold off in yesterday’s trading session. The Dow closed at its lowest level since early February, while the Nasdaq is approaching year lows as well. The selling can be largely attributed to market jitters and a lack of any real fundamental forces to drive the market in Monday’s trading. With a quiet day for corporate earnings and no economic reports, traders were left to take their queue from corporate updates. Despite fairly upbeat news from Texas Instruments (TXN – NYSE), chip bellwether Intel (INTC – Nasdaq) led the tech lade Nasdaq south. Without any economic events in today’s session and more of the same in the corporate earnings calendar, today is shaping up to be another potentially choppy day.
Yesterday the Senate began its budget debate regarding the President’s 2005 plan which is facing opposition on both the Democrat and Republican side. More...
look at you Dave...posting this time of the day
That nap will do that...lol
I'll see you in the morning...well..that's if I could fall a sleep on time ....lol
see ya~~