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Sox in SIX.......With Pedro pitching for two wins in games three and six.......JMHO
K......I am happy the Yanks made it through........It will be especially enjoyable watching the Socks pound them into submission.....and if we are lucky......The Boss throwing himself out of his sky box.
China Sourcing Fair: Electronics &Components Poised to Open New Trading Opportunities for Buyers and Suppliers in Shanghai
9/25/03
HONG KONG, Sep 25, 2003 /PRNewswire-FirstCall via COMTEX/ --
Global Sources Ltd. (Nasdaq: GSOL) will host the China Sourcing Fair: Electronics &Components at the Shanghai Exhibition Center in Shanghai from October 9-11. The Fair offers buyers direct access to a qualified community of export-quality manufacturers of consumer electronics, electronic components, and computers and telecom products. Some 93 percent of these firms will not be exhibiting at the Hong Kong shows. Hundreds of exhibitors from the Greater China region will showcase their latest products for the first time all under one roof. Adding to the profile of the event are key endorsements from the WorldWide Retail Exchange (WWRE) and the Electronics Supply Chain Association (ESCA).
Merle Hinrichs, chairman and chief executive officer of Global Sources said, 'According to China's Ministry of Commerce, China's exports were valued at US$37.4 billion in August, an increase of 27.2 percent from last year. The strong growth in China's exports underscores the significant business opportunities for both buyers and suppliers. Global Sources is hosting the China Sourcing Fair in response to buyers'need to source direct from China for the right products, with the right quality, and certainly with the right prices.'
Hinrichs continued, 'Global Sources has been in China for more than 22 years, helping suppliers reach global buyers through a total media solution of trade publications, CD-ROMs, online and now, face-to-face with the China Sourcing Fair.'
The WWRE, the premier business-to-business exchange for retailers and suppliers, has recommended the Fair to its global membership. The consortium represents 64 industry leaders from around the world with combined revenue of over US$900 billion. Additionally, the WWRE will host a member conference at the Fair and join in an exclusive buyer-meet-supplier cocktail hosted by Global Sources. The ESCA has also endorsed the Fair to its members and participating companies. These include some of the largest original equipment manufacturers (OEMs) and distributors in the electronics industry.
Hundreds of major manufacturers will be exhibiting at the Fair. These include companies from mainland China such as Konka Group Co. Ltd., from Hong Kong such as Himage Holdings Ltd; and from Taiwan such as Walter Electronic Co., Ltd. Mr. Ken Yeung, director of one of the major show exhibitors from Hong Kong, Sharpwell Technology Ltd. said, 'We have already received valuable buyer inquiries in response to our upcoming presence at the China Sourcing Fair. Global Sources has greatly helped us market our booth and get a good head start before the show has even opened. We are excited about meeting the new buyers who have registered to come.'
Buyers from a host of well-known companies from outside Asia have registered to attend the fair. These include Microsoft, Ericsson, General Electric, Philips, Kingfisher plc and Coles Myer. Other big-name companies attending from Asia include Nokia, LG Electronics, Matsushita Electric, Toshiba Corporation, Siemens Procurement &Logistics Services, and Hyundai-JPC Inc.
Bill Janeri, vice president of Global Sources Exhibitions said, 'In addition to the Fair, we have lined up an exciting buyer conference program. The focus of the program is to help buyers source more effectively and efficiently from China and to guide them through the best practices. They can then take the right steps to forge lasting, successful and profitable sourcing partnerships.'Keynote speakers include Gloria Kamph, president and chief executive officer of Interliance, LLC and executive member of the ESCA; Ben G.J. Beune, senior vice president, Philips Electronics Hong Kong Ltd.; and Global Sources'Bruce Humes, project manager, China Market Intelligence Reports.
More information on the China Sourcing Fair: Electronics &Components including the complete exhibitor list is available at Global Sources Trade Show Center on the China Sourcing Fair: Electronics &Components site ( http://www.chinasourcingfair.com ).
About Global Sources
Global Sources creates and facilitates global trade between buyers and suppliers, by providing the right information, at the right time, in the right format. Our integrated sourcing and marketing solutions enable importers to buy, and exporters to sell, more effectively and profitably.
We aggregate and format industry-specific supplier and product information, then deliver this content to our buyer community worldwide through our leading network of 12 vertical marketplaces and 13 geographic portals, and through magazines, CD-ROMs, private catalogs, as well as China Sourcing Fairs and technical events. Our flagship marketplace, Global Sources Online ( http://www.globalsources.com ), hosts more marketing and sourcing activity than any other global merchandise trade marketplace.
We serve a growing, independently certified community of over 392,000 active buyers in over 230 countries and territories. These buyers generate more than 3.5 million inquiries annually for nearly 140,000 suppliers through Global Sources Online alone. We offer extensive supplier enablement capabilities in Greater China and other leading supply markets through 63 content management offices and 700 sales representatives, who make approximately 40,000 supplier visits monthly.
Global Sources'solutions are based on 32 years as a trade magazine publisher serving the global trade community, 12 years as a trade management software developer, 11 years in the management of trade shows in Asia, and 7 years as an online marketplace operator.
SOURCE Global Sources Ltd.
In U.S., James W.W. Strachan, +1-602-978-7504, or fax,+1-602-978-7512, strachan@globalsources.com, in Asia, Camellia So,+852-2555-5044, or fax, +852-2518-8764, cso@globalsources.com, both of GlobalSources Ltd.; investors, John G. Nesbett or David K. Waldman,dwaldman@lhai.com of Lippert/Heilshorn &Associates, Inc., +1-212-838-3777, orfax, +1-212-838-4568, for Global Sources
http://www.chinasourcingfair.com
Copyright (C) 2003 PR Newswire. All rights reserved.
© 2003 StockHouse.com / Disclaimer
Since some stores sell not only computers....Read this story....
Nintendo targets China, cuts U.S. price
Thursday, September 25, 2003 Posted: 9:49 AM EDT (1349 GMT)
TOKYO (Reuters) -- Japanese video game firm Nintendo Co Ltd said on Thursday it will start selling game consoles in China in mid-October, announcing the move hours after it cut the U.S. price of its GameCube console.
A Nintendo spokesman in Tokyo said it had not set numerical targets for the Chinese market, but added: "We hope to see this market grow bigger than Japan, the United States or Europe."
Nintendo, which created the popular Pokemon and Mario game series, said it has developed a special console for the Chinese market with a flash memory card to which users can download game software titles at stores.
The spokesman said this would curb pirating and help manage inventory. A local affiliate will handle marketing of the console, which is expected to sell for 498 yuan ($60).
Meanwhile, the U.S. price of GameCube is being cut to $99 from $149, as widely expected by game publishers and financial analysts, effective from Thursday, as Nintendo seeks momentum for the flagging product ahead of the crucial holiday season.
"Under $100 is the magic price point for consoles, we believe, and we didn't think there was any value in going to an interim step" like $129, George Harrison, Nintendo of America's senior vice president of marketing, told Reuters.
GameCube will be $80 cheaper than its two competitors, Sony Corp's market-leading PlayStation 2 and Microsoft Corp.'s second-place Xbox, both of which start at $179.
The cut to $99 also makes the GameCube the same price as the company's Game Boy Advance SP handheld device, which dominates the portable gaming market.
Disappointing sales
A number of game publishers have curtailed or ended production of GameCube games, citing disappointing sales.
Of the 10 best-selling games for the GameCube in August, according to research service NPDFunworld, six were published by Nintendo -- a far higher proportion of first-party games than on any other console.
While the console has been stronger in Japan and Europe, in the United States it has settled into a firm third place, with an installed base about 29 percent smaller than the Xbox.
The last major game console to retail for $99 in the United States was Sega Corp.'s Dreamcast -- though that price was an inventory-clearing move after Sega discontinued the console and decided to become exclusively a game publisher.
Nintendo said earlier this year it had stopped production of the GameCube because of an inventory backlog, but Harrison said production would start up again later this fall. He declined to say, though, if Wednesday's price move foreshadowed the coming of a successor to the GameCube.
"What we've said about the next console is the work is under way and we would be launching at the same time as our competitors," Harrison said.
Harrison also said the fact that gamers could buy a GameCube and three games for the same price as a PS2 with no games made it a more compelling value for the holidays.
Both Sony and Microsoft have announced special bundle packages for the holiday season that involve free games, offers that ran counter to widespread industry hopes that the hardware makers would cut their prices instead.
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Copyright 2003 Reuters. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Intel to Develop Grid Computer Network in China's Universities
By Paul Denlinger
Intel has signed an agreement with China's Ministry of Education to develop a grid network for its universities. The network will be connected by the high-speed Internet network, China Education and Research Network (Cernet). It will be used for work in life sciences, the petroleum industry, earthquake research and commercial financial applications. It will also be used to power the "Digital Olympics" initiative for the 2008 Beijing Olympics.
Grid networks link individual computers to speed up processing to a much higher rate than if they acted individually. This grid is expected to have a performance of more than 15 teraflops. Grid computing has become a hot trend in the information technology industry in the past year, and has been loudly touted by Larry Ellison, CEO of Oracle, the world's largest database maker. The latest database version, 10g, boasts grid computing capabilities.
Chip giant Intel is the largest maker of logic chips in the world, which are the brains of computers. Lately, Intel has been involved in a high-profile competition with its main competitor, AMD, to establish a presence in the China market, and to maintain a cordial relationship with government, education and research institutes.
--------------------------------------------------------------------------------
China Business Strategy , a strategic planning consultancy, has helped companies build more than US$3 billion of market capitalization in the China market since 1998.
YEP MBR......Let's hope we are all still around to watch the movie.....LOL
Haier Founder and CEO Visits Taiwan, Discusses Sourcing
By Paul Denlinger
Zhang Ruimin, founder and CEO of the Haier Group, the world's fifth largest maker of refrigerators and white goods, recently visited Taiwan to discuss component sourcing and strategic alliances with major Taiwan makers.
Haier Group is based in Qingdao (Tsingtao), China and has become one of the China's first companies to go global under its own brand name. It has a joint venture with an American partner Haier America, and has its own manufacturing facility in the US. Zhang Ruimin, the founder, has acquired a cult following as a business hero, and a movie was even made about the founding and early days at Haier.
For this reason, Zhang's visit to Taiwan had added importance and significance. In 2002, Haier signed a partnership agreement with Taiwan's Sampo Group, which is also in the home appliance industry. On his trip to Taiwan, Zhang will explore ways to increase cooperation between Haier and Sampo. Sampo currently does some refrigerator manufacturing for Haier, and sells compressors for air conditioners to Haier.
Recently, Haier has also diversified into electronics and IT-related products, and has explored ways of making "intelligent" home products. Some components it has bought from Taiwan are used in DVD players, motherboards, mobile phones, refrigerators and air conditioners.
Haier also plans to make an 8 inch silicon wafer plant in Qingdao, and it is believed that Zhang will also visit some chip foundries in Taiwan.
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China Business Strategy , a strategic planning consultancy, has helped companies build more than US$3 billion of market capitalization in the China market since 1998.
Waz-up all........Investorman.......My coat come in yet?.....LOL
Samsung to Move PC Production to China
By Paul Denlinger
Samsung Electronics, the world's largest maker of memory chips, plans to move most production of PCs to its new Suzhou manufacturing plant, which started operations in April. By 2005, it plans to make most of its PCs in the Suzhou factory, which will have an annual capacity of 1 million units.
Samsung said that the move is necessary because of intense pricing competition from Dell and Hewlett-Packard. Seventy-five percent of the company's PCs are sold domestically in the South Korean market, with a remaining 25 percent sold outside.
The PC business accounts for 16 percent of the digital media division's sales, which in turn accounts for about one-fifth of the group's total sales. Approximately 60 percent of Samsung's home appliances and more than two-thirds of its digital media products are already produced outside of South Korea.
In recent years, South Korean companies have suffered from tense relations with their South Korean workers. In some cases, relations have been marred by strikes and other kinds of industrial action.
In China, a worker costs about one-tenth of what a South Korean worker does, and the quality of their productivity is very high. This has accelerated the transfer of plants to China.
A survey conducted by the Korea Federation of Small Businesses showed that 7.2 percent of its 375 member companies have moved their operations abroad, and that another 30.7 percent plan to do so, mostly to China, in the next five years.
Other Korean companies which have moved their operations to China are LG Electronics, which is building a plasma display panel (PDP) module plant in Nanjing, and Hyundai Heavy Industries, the world's largest shipbuilder, which has an excavator plant in China.
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China Business Strategy , a strategic planning consultancy, has helped companies build more than US$3 billion of market capitalization in the China market since 1998.
MisterEC.....I was just answering the question as to whether other companies report these type of numbers.
Drlvanb.......Same store sales is made public .....actually if you watch CNBC or Bluemeberg, they are always talking about it.....again, Sears, Target, GAP.....all do them on a monthly basis......this is why you see so much action with those type stocks......the investors and stock advisors wait for these numbers to come out every month.
DRlvanb, Some Stores like Wal*Mart, Gap, Sears, Target, Best Buy, ETc, ETC.....all give you same store sales.......what's more......They do it MONTHLY!!!
Tin.....maybe I-Man should start a petition. You can sign me up right under I-man's name.....Later all.....See ya in the AM.....Play nice while I'm gone!!!! Or daddy will have to spank you....(after some of you shave your Ashes)......LOL
LOL....Investorman......Betty Ann your turn......Why not give him the ultimate put-down and call him HOUSEBOATER.......LOL
LOL....BettyAnn
Betty Ann.....I just have one more thing to add to this discussion..........Companies like Wal*Mart, Home Depot, Gap, Etc. put out monthly same store sales figures not because the SEC or anyone else makes them put them out ( as a matter of fact some of these stores show declining numbers and their shares get hammered for it). They put them out so investors, brokers, Etc. can gauge how the company is doing and whether the current management is running a tight ship. I-Man's request is not at all out of context or irregular. IMHO
I Man......What I was trying to point out, is that even if the year over year sales remained the same that there are ways to increase your margins and profits without having to increase revenues/ sales. And yes I agree with you......I believe I was the first one to point out on this thread that the profits as a percentage of Revs looked a little Light (to put it nicely)
I-Man........To be quite honest with you I really don't care if the year over year same store sales have become a bit stagnant........My main issue is that i want to see bottom line results. As you have stated opening new stores to inflate the revenue figures do us no good.......I would rather have ten good stores that are bringing in a nice profit of lets say 5-10% AT 100 MIL Revs........than 50 stores bringing in 1-2% at 500 Mil Revs....
In this case bigger is not always better (mo smirks from the women) and I agree fully with you that the company should show how they come up with these numbers.
Having said that I will also stand by my position that any future aquisitions should be made at least in part in cash (which they now have) as opposed to increasing the float with issuance of new shares.
GARHART......That is the way the world has always been......those with the best intentions are quite often crucified and than later after the fact praised or admired for their work.
LOL....Shovel
LOL......MBR
Very well said DOC.
OT...Moody.......Who was that Wanna-Be Quarter Back with a star on his helmit last night????....LOL
People were calling me crazy for saying we would have a good year.......Dallas has the BEST starting three wide outs in the league since St. Louis a few years back. And people are still sleeping on Quincy's skills.......If memory serves me correct this guy called Simms was crap until some guy called Tuna got in his face.......And Simms had nowhere near the arm or running ability of Carter.
OT.......Just got the best laugh in a long time......In my football fantasy league someone just offered to trade me Anthony Thomas (sucks) for Tony Gonzalez........ROFLMAO.....Sorry I had to share that with someone.
OT......Moody.....You gotta love my Cowboys.....looked very good last night.......I've been a fan since I was 6.
LOL....MM.....makes ya wonder????
LOL....MBR.......This BREAKTHROUGH will save me thousands on costs of the crotch-less panties I've been buying..........for my wife of course......LOL
Wolf.......everyone here can see it is going down......we don't need your running commentary to keep us informed of that fact.
Investorman.....Where can i get a few pairs of those????......My wife's birthday is a mere 6 months away.......I could think of a few other things they are good for....LOL
No wonder China has the largest population in the world......Adds new meaning to the word..."QUICKY"......LOL
Philips aims to break away from the pack
StarBiz Editor Wong Sulong in Amsterdam
PHILIPS, the Dutch-based consumer electronics (CE) giant, is embarking on an ambitious strategy to stay ahead of the pack in the fiercely competitive world of consumer electronics.
Asia, says Philips' president and CEO, Gerard Kleisterlee, will play a very important part in the plan.
Philips president and CEO Gerard Kleisterlee
The plan (Transforming into One Philips, or TOP) involves getting the 164,000 employees in the group's five operating divisions – semiconductors, lighting, consumer electronics and medical systems – as well as consumers to see Philips as one company with two main business – lifestyle and health care products supported by technology.
This policy is seen as critical for Philips long-term survival as a world-class consumer electronics giant. And there is little room for error, given the fact the group had suffered heavy losses in the past two years.
For financial years 2001 and 2002, the group incurred losses of nearly 5.7 billion euros, owing to the depressed technology and computer sectors and costly write-downs of its acquisitions.
In a keynote address at the International Consumer Electronics Expo (IFA) in Berlin recently, Kleisterlee said after half a century of steady growth, the CE industry is now faced with powerful new factors which demand a fundamentally new business approach from key industry players.
“Fierce and relentless competition from new entrants to the market, rapid price erosion and low growth are the issues of the day.”
Kleisterlee told a group of editors from Asia at the group's corporate headquarters in Amsterdam recently that Philips saw Asia not only as a source of cheap labour, but also a source of talent and a market.
Hence, it has chosen Shanghai as one of its five centres for research.
Last year, the electronics group recorded world-wide sales of 31.8 billion euros, out of which Europe accounted for 42% , Asia 22% and the United States 31%.
Philips employs 60,000 people in Asia and Kleisterlee expects Asian sales to rise to 25% of total group sales this year.
“Asian sales will catch up with our European sales because of the region's faster growth. It's a matter of time and investment and we intend to pursue that” says Kleisterlee, who headed Philips Taiwan between 1996-1998.
He saw the Asian financial crisis at first hand, and was impressed how fast the Asian economies had rebounded.
While Kleisterlee sees China as a huge market for Philips, he also acknowledges that Chinese electronics companies are growing fast and have become serious competitors in both the Chinese and world markets.
Within a few short years, Chinese mobile makers like Ningbo Bird and TCL, have outstripped US, European and Japanese manufacturers.
Philips developed the DVD, but today the biggest DVD makers are Chinese.
For Philips, the answer to the Asian challenge is to move up and lead in the technology ladder and walk away from products that have been commoditised.
I asked Erik van der Walle, business editor of the NRC Handelsblad daily how important is Philips in the life of the ordinary Dutch people.
“It used to be the number one company in the Netherlands during the 60's and the 70's. But in recent years, it has relocated many of its operations to Asia and eastern Europe; so its importance has lessened, although it's still among the top five or six companies here.
“Philips is seen as a company making reliable, quality products, but its image is a bit dated. In recent years, it has made many acquisitions in the US, and but I'm not sure whether they are good for the company” he said.
Kleisterlee concurs Philips has an image problem. “We are too male, too Dutch and too old. We have been too slow in getting global management” he admits, adding this will change. The best way to do this, he says, is to make Philips truly global.
Part of the responsibility for this falls on Andrea Ragnetti, group chief marketing officer, a newly-created position.
In India, Philips' once dominant position is coming under challenge from new players, particularly the Japanese and South Koreans. While surveys show that Philips is the most recognisable brand in the market, this is not reflected in sales volume.
Ragnetti acknowledges Philips has an image problem in India. “We are regarded as a bit old fashioned” he says, adding that the company needs “the sparkle” to make its products distinctly superior to that of its competitors.
As part of Philips' plan to be a “truly market-driven company”, it has consolidated its world-wide advertising account (US$600mil a year) and given it to one company – DDB Worldwide Communications group of New York.
The re-making of Philips under Kleisterlee appears to be working.
For the first half of 2003, Philips recorded a small net profit of 42 million euros, compared to a loss of 1.355 billion euros for the same period in 2002.
Cost reduction amounted to 388 million euros, surpassing the target of 300 million euros. The company said it was on track of achieving the target of 1billion euros in cost savings by 2004.
The share price has also been recovering and recent prices are the highest in 15 months.
“It's encouraging to see that our change programme is paying off” comments Kleisterlee.
He said the medical systems division produced a strong performance, reflecting the progress of the integration process.
However, consumer electronics had been hit by weak consumer spending.
“Focus on cost and asset management clearly remains the best course given the fragile market conditions, while we are continuing to invest in product and marketing innovation to delight our customers” he says.
Kleisterlee expects the restructuring and consolidation at Philips to be completed by next year, after which the group can look forward to a period of growth and profitability.
“You will see Philips begin to diverge in important aspects from the paths chosen by competitors like Samsung, Matsushita or Sony. We are re-positioning ourselves not just to lead, but to actively shape the future,” he says.
Basic Conditions of Urban Households by 36 cities
http://china.org.cn/e-company/03-08-20/page030614.htm
Region Average Number of Persons per Household (person) Average Number of Employees per Household (person) Average Number of Dependents per Employee (person) Per Capita Monthly Income(yuan) Per Capita Monthly Disposable Income (yuan) Per Capita Monthly Living Expenditure (yuan)
Average 2.99 1.56 1.92 873.61 800.41 621.71
Beijing 2.97 1.68 1.77 1174.48 1078.57 779.61
Tianjin 3.00 1.41 2.13 827.61 770.85 581.47
Shijiazhuang 3.04 1.54 1.97 627.9 590.32 427.87
Taiyuan 2.94 1.63 1.80 644.51 592.17 441.25
Hohhot 2.73 1.28 2.13 641.78 610.47 480.24
Shenyang 2.97 1.76 1.69 692.73 623.77 505.27
Dalian 3.06 1.69 1.81 771.92 704.51 621.25
Changchun 3.06 1.77 1.73 635.19 603.23 541.54
Harbin 2.90 1.51 1.92 671.31 654.79 494.76
Shanghai 3.00 1.55 1.94 1273.24 1138.71 896.83
Nanjing 2.90 1.40 2.07 892.41 833.69 611.76
Hangzhou 2.99 1.60 1.87 1004.69 895.77 700.04
Ningbo 2.89 1.65 1.75 1179.61 1051.65 877.74
Hefei 2.93 1.50 1.95 659.24 606.44 457.92
Fuzhou 3.12 1.68 1.86 846.35 768.80 527.77
Xiamen 3.16 1.67 1.89 1135.11 1020.33 639.36
Nanchang 2.93 1.48 1.98 625.4 606.33 364.37
Jinan 2.93 1.74 1.68 888.93 816.51 589.83
Qingdao 2.80 1.49 1.88 828.95 735.53 577.79
Zhengzhou 2.92 1.24 2.35 732.87 695.54 520.15
Wuhan 3.04 1.53 1.99 711.79 669.96 572.14
Changsha 3.04 1.64 1.85 758.24 702.30 610.42
Guangzhou 3.08 1.65 1.87 1310.49 1129.81 872.27
Shenzhen 3.21 1.70 1.89 1806.78 1669.28 1200.99
Nanning 2.97 1.64 1.81 767.10 673.89 483.96
Haikou 3.44 1.52 2.26 682.97 652.68 463.30
Chengdu 2.97 1.62 1.83 621.86 582.58 490.24
Chongqing 2.90 1.34 2.16 848.98 791.26 726.92
Guiyang 3.10 1.48 2.09 619.29 601.42 429.92
Kunming 2.90 1.50 1.93 736.71 688.51 470.00
Lasa ¡¡ ¡¡ ¡¡ ¡¡ ¡¡
Xi'an 3.05 1.44 2.12 663.38 609.39 487.52
Lanzhou 2.97 1.45 2.05 598.70 555.52 412.16
Xining 2.96 1.15 2.57 649.75 607.83 425.94
Yinchuan 2.89 1.30 2.22 612.67 558.74 406.39
Urumqi 2.91 1.68 1.73 695.76 637.16 454.19
Jun,2003
Beijingers Disposable Income Up
Residents in Beijing urban area had disposable income of 8,118.35 yuan (US$978) per capita in the first seven months of the year, an increase of 12 percent from a year before, according to the National Bureau of Statistics yesterday.
According to the statistics in Beijing, Tianjin, Shanghai and Guangzhou, Beijingers' disposable income per capita from January to July this year ranked the third among the four cities, next to Guangzhou and Shanghai.
The disposable income growth in Beijing this year ranked the second among the four cities, only next to Guangzhou.
Beijing residents earned per capita salaries of 5,911.28 yuan in the first seven months of the year, 56.6 percent higher than that in Tianjin, while 28.6 percent and 10.1 percent lower than that in Guangzhou and Shanghai respectively, according to statistics.
Beijing residents spent 6,020.92 yuan per capita in the first seven months of the year, up 4.7 percent from a year before, with the two figures ranking the third and fourth among the four cities respectively.
Beijingers' expenditures on dwelling and education & cultural service & entertainment from January to July declined by 7.1 percent and 6.2 percent respectively from a year before.
Beijing residents spent the most in clothes, medical-care, transportation and communications among the four cities, according to statistics.
(eastday.com August 29, 2003)
Trade Fair Harvests US$17.6 Billion Deals
More than 1,720 investment and cooperative projects with a total investment value of US$17.623 billion were signed at the Seventh China International Fair for Investment and Trade (CIFIT), which ended Thursday in Xiamen, a coastal city in east China's Fujian Province.
More than 1,720 investment and co-operative projects with a total investment value of US$17.623 billion were signed at the Seventh China International Fair for Investment and Trade (CIFIT), which ended yesterday in Xiamen, a coastal city in east China's Fujian Province.
The fair, the first large-scale trade and investment event held since the SARS outbreak in April, has been a great success, showing that the Chinese Government is able to deal with emergencies, providing a safer, better environment for overseas investors, the fair's organizing committee said in its press release yesterday.
It said investment from overseas investors totaled US$12.689 billion.
The number of contracted projects was 1,259, reaping a total investment of US$8.947 billion, with overseas investment accounting for US$6.652 billion. Import and export deals with a total trade value of US$238 million were also signed during the fair.
The enthusiasm from businesses and organizations remained high at CIFIT, the organizing committee said.
More than 11,781 overseas business people from 102 countries and regions attended the event.
Business people from the European Union totaled 799 this year, 66 per cent more than in the previous session, while visitors from the United States and Canada was 817, an increase of 45 per cent compared with last year.
Industry experts said stable and coherent foreign trade and investment policies had helped the country sustain its high momentum in attracting investment.
China will continue to co-operate with overseas investors, government agencies and international organizations to build a more favorable investment environment in the country, Chinese Vice-Premier Wu Yi said during the fair.
Nine seminars introducing the investment environment and policies in countries and areas including the Caribbean, Southeast Asia, Britain and Germany were held, to encourage Chinese firms to invest overseas.
(Xinhua News Agency September 12, 2003)
Stocks of Interest and Stocks on the Move for 12 September 2003 at 12:45PM EDT:
NEOM.OB - Absolutely amazing move last week or so.
UNWR.OB - Big breakout yesterday... keeps going today.
COVD.OB - Continues a big move...
CYPT.OB - Continues as well.
TIDE.OB - Still moving.
MAGR.OB - Hit the scan today.
DRUG.OB - Breaking out of a trading range now.
FNVG.OB - Breaking again today.
INSS.OB - Trying to hold onto that big move from yesterday.
MDPA.OB - Wild ride last few days...
AACS.OB - Nice breakout today.
NPHC.OB - Nice chart, breaking today.
JRVR.OB - Nice chart setting up on this one.
Watching: YSTM.OB , SKVY.OB , MSEV.OB , VPER.PK , HRCT.OB , TERA.OB , QMCI.OB , ZKID.OB , APPI.OB , VOXW.OB , SCOH.OB , ADZR.OB
In the "Stocks of Interest and Stocks on the Move" section above, HOTSTOCKCHAT.COM does not own any of the stocks mentioned. Nor were we compensated by any third party on behalf of any company mentioned above. The fact that we mentioned the stocks is for informational purposes only and not a solicitation to buy any stocks mentioned in that section, in this emailing or on our web page. More information on our disclaimer page.
MARKET UPDATE AND STATS FROM YAHOO! FINANCE:
12:30PM: The indices have been moving mostly sideways in the last hour... In the Dow, 22 of its 30 components are in the red, with Altria (MO 40.32 -0.70), Johnson & Johnson (JNJ 51.56 -0.69), and Coca-Cola (KO 43.79 -0.69) being the biggest laggards... Leaders to the plus-side include Alcoa (AA 28.83 +0.60), DuPont (DD 43.68 +0.32), and JP Morgan (JPM 33.79 +0.16)... Also in the green is Microsoft (MSFT 27.90 +0.02) after declaring that it raised its annual dividend to $0.16 per share from the $0.08 per share declared in FY03... The current dividend yield for MSFT is 0.6%...NYSE Adv/Dec 1405/1661, Nasdaq Adv/Dec 1169/1775
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OTCBB STATISTICS AS OF 12:45PM EDT:
Total Volume: 580,559,168
ADVANCING ISSUES: 529 DECLINING ISSUES: 501 UNCHANGED: 358
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In the "Stocks of Interest and Stocks on the Move" section above, HOTSTOCKCHAT.COM does not own any of the stocks mentioned. We were not compensated by any other company mentioned or any third party on behalf of those companies. The fact that we mentioned the stocks is for informational purposes only and not a solicitation to buy any stocks mentioned in that section, in this emailing or on our web page. More information on our disclaimer page.
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Factual statements made by the companies reported on are made as of the date stated and are subject to change without notice. The receipt of this information shall not create, under any circumstances, any implication that there has been no change in the affairs of the company reported on since the date of review. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors entire investment may be lost or impaired due to the speculative nature of the companies mentioned in this report or on HotStockChat.coms web site. HotStockChat.com makes no recommendation that the securities of the companies mentioned or reported on should be purchased, sold or held by individuals or entities that learn of the companies through HotStockChat.com.
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Thanks MBR....just wanted to know if they answered my question.
Have the questions for this month been sent?
LOL.....INVESTORMAN......Just having a sheep skin does not always insure happiness and wealth.......love that one!
FOXWOODS........I LOVE FOXWOODS!!!!!!!!!!!!!!!
Stocks of Interest and Stocks on the Move for 10 September 2003 at 12:45PM EDT:
MSEV.OB - Big news and a big move.
TIDE.OB - Nice move over the last 4 sessions.
TTXI.OB - News today, nice move.
HRCT.OB - Trying to go... watch and see if it can break out...
NRXI.OB - Nice chart.
CYGX.OB - Another nice chart... lots of traders in this one.
BANY.OB - Huge move last 4 days.
ARGY.OB - Gapped last 2 days... HUGE move last two days.
TALL.OB - Showing life today.
GEB (AMEX stock)- Nice chart, moving today.
PRVH.OB - Pre-market hype on message boards working out so far.
AACS.OB - Up around 50% today... inexpensive stock.
EXTI.OB- Been watching this one...
MDPA.OB - Nice move today.
Watching these: VOXW.OB , CESY.OB , ZROS.OB , ETNT.OB , EYDY.OB , UDVE.OB and STUOF.OB
In the "Stocks of Interest and Stocks on the Move" section above, HOTSTOCKCHAT.COM does not own any of the stocks mentioned. Nor were we compensated by any third party on behalf of any company mentioned above. The fact that we mentioned the stocks is for informational purposes only and not a solicitation to buy any stocks mentioned in that section, in this emailing or on our web page. More information on our disclaimer page.
MARKET UPDATE AND STATS FROM YAHOO! FINANCE:
1:30PM: Very little change to the market action as the indices remain on the defensive... Although today's downturn is discouraging from a near-term vantage point, Briefing.com believes that the market was overdue for some profit-taking... The Dow, Nasadq, and S&P 500 rounded out a five, seven, and eight day, respectively, winning streaks last week, and some consolidative activity is probably healthy at this point... Provided that the major indices are able to hold above key support levels, the long-term outlook for stocks remains bullish...
A large reason for this would be rising economic growth forecasts... The Blue Chip survey was released this morning and showed that the average Q3 GDP estimate had jumped to a 4.5% annual rate from 3.7% a month ago... Briefing.com sees GDP at 6% or more, for reasons spelled out in our Story Stock...NYSE Adv/Dec 1148/2014, Nasdaq Adv/Dec 964/2102
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OTCBB STATISTICS AS OF 1:39PM EDT:
Total Volume: 1,135,496,832
ADVANCING ISSUES: 522 DECLINING ISSUES: 607 UNCHANGED: 404
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DISCLAIMER PLEASE READ:
HotStockChat.com was compensated $3000 cash for a one-time emailing of the profile with recent news and a two week advertisement at the top of our daily emailings by a third party shareholder from Europe on behalf of GWIN, Inc. (OTCBB-GWNI)
In the "Stocks of Interest and Stocks on the Move" section above, HOTSTOCKCHAT.COM does not own any of the stocks mentioned. We were not compensated by any other company mentioned or any third party on behalf of those companies. The fact that we mentioned the stocks is for informational purposes only and not a solicitation to buy any stocks mentioned in that section, in this emailing or on our web page. More information on our disclaimer page.
HotStockChat.com is not a registered investment advisor or a broker dealer. HotStockChat.com has been advised that the investments in companies discussed are considered to be high risk, and use of the information provided is at the investor's sole risk.
HotStockChat.com has also been advised that the purchase of such high-risk securities may result in the loss of some or all of the investment. The information provided by the companies mentioned in this report and on the web page may include information provided by outside sources, such as research reports, public filings or computer databases. All information is obtained from sources believed to be reliable, including company press releases, SEC Filings and other sources. HotStockChat.com makes no representations, warranties or guarantees as to the accuracy or completeness of the information or the disclosure by the companies reported on. Investors should not rely solely on the information presented. Rather, investors should use the information regarding companies as a starting point for doing additional independent research on the companies in order to allow the investor to form his or her own opinion regarding investing in the companies that are reported on.
Factual statements made by the companies reported on are made as of the date stated and are subject to change without notice. The receipt of this information shall not create, under any circumstances, any implication that there has been no change in the affairs of the company reported on since the date of review. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors entire investment may be lost or impaired due to the speculative nature of the companies mentioned in this report or on HotStockChat.coms web site. HotStockChat.com makes no recommendation that the securities of the companies mentioned or reported on should be purchased, sold or held by individuals or entities that learn of the companies through HotStockChat.com.
Investing is not for everyone and should not be entered into unless a complete analysis is considered and all risks understood. IF any companies, individuals or other entities mentioned by HotStockChat.com pay or compensate HotStockChat.com in any way, shape or form, it will be noted on our disclaimer page.
HRCT THE HARTCOURT COMPANIES, INC.
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VOLUME(+): HRCT Volume 41% > 20-adsv, Stock +9.76%
WEDNESDAY, SEPTEMBER 10, 2003 01:16 PM
This is the 1st VOLUME alert for HRCT in the past 7 calendar days.
Trading for The Hartcourt Companies, Inc. (OTCBB: HRCT) has been heavier than usual in today's session. By 13:15 ET, the stock had already traded 432,700 shares via 101 trades. The cumulative volume is 41.29% above its 20-day average of 306,255. Normally the stock experiences around 68 individual trades per session.
So far, today's volume surge has caused a net rise in HRCT's stock price. At the time of this alert, the stock was trading at $0.675, up $0.060 (+9.76%).
One year ago, the Company's shares closed at $0.060. The price has gained more than 1025 percent since then.
Over the last 10 trading session HRCT has traded in a range between $0.570 and $0.648 and is currently trading 39.73% below its 52-week high of $1.120 set on May 16, 2003 and 1367.39% above its 52-week low of $0.046 from September 23, 2002.
In the previous 3 sessions, HRCT trading has displayed a mixed trend. Closing results have been as follows:
September 09, 2003 --- closed at $0.615 up $0.015 (+2.50%) on 317,900 shares
September 08, 2003 --- closed at $0.600 up $0.010 (+1.69%) on 361,700 shares
September 05, 2003 --- closed at $0.590 even for the day on 267,300 shares
The Company last released news on August 14, 2003:
"Hartcourt Subsidiary Signed Exclusive Contract With Haier Group"
THE HARTCOURT COMPANIES, INC.
The Hartcourt Companies, Inc. is an investment holding and corporate development company focusing on the acquisition of private companies within high-growth industries in China with the goal of building stronger businesses. The Company's business strategy is to bring together a group of complimentary companies, add substantial value in terms of financial restructuring, strategic planning and corporate governance to enable these subsidiaries to fully realize the value of their assets and become public companies.
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