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Clients
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http://www.adam-friedman.com/afa/main11.htm
The Hartcourt Companies, Inc.
(OTC BB: HRCT)
Shanghai, China
A leading IT retailer, distributor and service provider in the People's Republic of China.
www.hartcourt.com
Most likely i's a strategic move by HRCT to strengthen its foothold/position in the "shopping paradise" of China... http://www.chinats.com/shanghai/
http://www.hartcourt.com/geo.htm
GLTA Ed
Agree with you longview, same counts for many other Chinese companies, e.g. XING
Qiao Xing Universal Telephone Inc
Qiao Xing Building, Huizhou City
Guangdong, 51602
Phone: (818) 981-5300
Fax: (818) 981-5303
Email: htajyar@irintl.com
Web Site: http://www.qiaoxing.com/
Matter of time before we break 0.20$..
3650% wow , indeed a major homerun. Enjoy it, Ed
Step up to a VoIP Future
http://infoexevents.com/voip/
oktober 22, 2004
Microsoft, Radvision Hype VoIP, Convergence At VON
VARs say channel is uniquely qualified to integrate technologies
By Barbara Darrow and Jennifer Hagendorf Follett Courtesy of CRN
Convergence was king last week at the Fall VON 2004 conference in Boston.
Vendors such as Microsoft, Radvision, Alcatel and Verizon used the VoIP-focused conference to tout the cost savings and productivity benefits of bringing voice, video and data together on a single network.
VoIP has also attracted the attention of Federal Communications Commission Chairman Michael Powell, who told conference attendees he would seek to bring VoIP services under federal regulation rather than leaving them under the jurisdiction of individual states.
Solution providers attending the conference said their expertise and vendor partnerships put them in a unique position to help customers integrate the variety of technologies that comprise converged solutions.
"As the trusted adviser, it's not the systems integrator's role to steer customers to any particular solution but instead to do the analysis and find what the solution should be," said Jay Brandstadter, professional adviser at Computer Sciences Corp. (CSC), an El Segundo, Calif.-based solution provider.
At the show, Microsoft announced beta availability for its new realtime collaboration (RTC) client, code-named Istanbul, the front-end interface for its forthcoming Live Communication Server (LCS) 2005 instant-messaging platform.
Istanbul, slated to ship in the first half of 2005, incorporates support for VoIP and videoconferencing into instant messaging and also offers tighter integration with Microsoft Office applications, said Anoop Gupta, vice president of the realtime collaboration business unit at Microsoft, Redmond, Wash.
Sources familiar with the company's plans expect LCS 2005 to be formally announced next week. Gupta said LCS 2005 is slated for availability this quarter but declined to be more specific.
Microsoft's RTC strategy will create opportunities for systems integrators as they marry Microsoft's technology with products from its vendor partners in areas such as IP telephony, Gupta said.
Microsoft is a distant third in the instant-messaging market behind AOL and Yahoo, "and only by bundling it with Windows and selling servers directly to enterprises can Microsoft hope to eventually dominate the IM category," said Ron Heradian, chief systems architect at Global System Services, a solution provider in Mountain View, Calif.
In partnership with Microsoft, Radvision demonstrated a forthcoming software-only version of its viaIP conferencing technology, part of its iView software suite, that brings multipoint videoconferencing capabilities to the LCS environment.
Also at the show, Alcatel announced it will offer its SMB-focused OmniPCX Office IP-PBX to the North American market for the first time as part of a managed services offering through Verizon Communications. Verizon will bundle the IP-PBX with its network, maintenance and management services. The offering will be available through Verizon's channel partners early next year, a Verizon spokeswoman said.
Control Tech is the sole distributor and marketing partner of Radvision in China, specializing in the distribution of video and audio conferencing equipment and multimedia communication systems, as well as related after-sale services, with sales channels covering the key markets in China.
http://www.radvision.com/corporate/radvision
http://www.pcquote.com/stocks/readNews.php?symbol=HRCT&id=2152678
bid/ask 018-0.19;)
Thanks for the link troutman2! Like much;)
http://story.news.yahoo.com/news?tmpl=story&cid=569&ncid=569&e=3&u=/nm/20041214/tc_n...
Technology - Reuters
Worldwide PC Market Seen Doubling by 2010
Tue Dec 14, 8:42 AM ET Technology - Reuters
NEW YORK (Reuters) - The number of personal computers worldwide is expected to double to about 1.3 billion by 2010, driven by explosive growth in emerging markets such as China, Russia and India, according to a report released on Tuesday by Forrester Research Inc.
Digital Domination
The best music download sites, MP3 players, and P2P services that are still alive and kicking.
China is expected to lead the growth, with 178 million new PC users by 2010, Forrester, a technology research firm, said in a statement.
Some 566 million new PCs are expected to be in use in emerging markets by 2010, based on a study of adoption rates across 16 emerging markets, Forrester said in a statement. The 575 million PCs currently in use globally include about 75 million in emerging markets.
Mature markets in the United States, Europe and Asia-Pacific are expected to add 150 million new PCs by 2010, according to the study.
Growth in emerging markets will be driven by low-priced PCs made by local companies, Forrester said.
"Today's products from Western PC vendors won't dominate in those markets in the long term," Simon Yates, a senior analyst for Forrester, said in a statement.
"Instead local PC makers like Lenovo Group (0992.HK) in China and Aquarius in Russia that can better tailor the PC form factor, price point and applications to their local markets will ultimately win the market share battle," he said.
Forrester forecast that there will be 80 million new PC users in India by 2010, with an annual growth rate of 37 percent. Indonesia is expected to see 40 percent annual growth, with 40 million new users.
Of the 16 emerging markets included in the study, Mexico is expected to see the deepest PC market penetration, with 46 percent of Mexicans owning a PC by 2010, Forrester said.
Yesss , gonne go for 1,000,000 day!
Hi commoname, agree with you;) Looking at the bigger blocks that were picked up already today, some must know more about the outcome... I will hold tight for sure as it's quite obvious HRCT will continue to grow in the Q's ahead... just looking at China's growth rate for the next several years says enough. HRCT has, by now, gained enough experience in their niche markets in order to move in the near future to bigger gains. Imo we will see an improved operational income appearing at the horizon hopefully somewhere in their Q4 or Q1 results 2005. Plenty of room to move the pps higher. I also expect to see another profitable acquisition early next year that would fit well in HRCT growth business model. HRCT management has kept the silence for way too long.... it's all about timing and diplomacy. They know well what they are up too;p))GLTY Ed
Slowly building,early sellers might regret the next move... jmo
Hey Tin, it also could be an important step forward for our Hartcourt to receive finally the 'green light' from the regulators into letting them list on another board.
Crossing my fingers, high-5 Ed
Imo HRCT might release also other PR's which are 'on hold/pending' till we hear how things are finally settled.
Confident we'll do well. GLTA
MACD did the right cross-over. More vol should move us higher next coming days, also like the STOCH (slow and fast)
Go Hartcourt
Hope we get a Pr tomorrow from Hartcourt!
Should move back into higher twenties 0.25-0.30$+. GLTYall E
$1.3 However, we have already written down $1.3 million against the worst scenario for Hartcourt. There is no longer any downside risk relating to this case. However, since our legal counsel is very optimistic on a favorable outcome, we think of it as a good chance to re-capture the earnings we had written off.
If they win,they get $1.5mil extra for Q4? Would be splendid;)E
Many thanks 1moodyblue;p) Appreciate it a lot,
good luck 2U Ed
HRCT moving again;p)
Already curious to hear something about Q4 numbers (Oct-Nov-Dec), hold tight... Does anybody here know when HRCT will release these numbers? Middle of Jan? Imo we will have a better 2005. Rgds, Ed
I got a reply from Yahoo Financial...! Hello Edwin,
Thank you for writing to Yahoo! Finance.
Our engineering and production staff for Yahoo! Finance have been
alerted about this issue. We are currently investigating this problem
and hope to have a resolution shortly.
We apologize for any inconvenience this may cause.
Thank you again for contacting Yahoo! Customer Care.
Regards,
Holden
Yahoo! Customer Care
For assistance with all Yahoo! services, please visit:
http://help.yahoo.com/
New and Improved Yahoo! Mail - better than ever!
Original Message Follows:
-------------------------
From Yahoo: http://finance.yahoo.com/q/is?s=hrct.ob
HEADLINES
. Hartcourt Companies I Financials
Tue 9:00am - EDGAR Online Financials (this is again wrong data: 9,110
total revenue 30 sept 04???)
Why is Yahoo Financial time after time posting this wrong info on
Hartcourt Q3 numbers?
It's misleading and hurting the stockprice. Plse correct these numbers
accordingly.
Tia Edwin
--------------------------------------------------------
PERIOD ENDING 30-Sep-04 30-Jun-04 31-Mar-04
31-Dec-03
Total Revenue 9,110 70,655 67,723
43,898 (in bold is WRONG)
Cost of Revenue 8,766 67,149 64,205
41,927
---------------------------------------------------------
Correct number for Q3 is: http://biz.yahoo.com/iw/041203/077096.html
Hartcourt's email: info@hartcourt.com
From Yahoo: http://finance.yahoo.com/q/is?s=hrct.ob
HEADLINES
• Hartcourt Companies I Financials
Tue 9:00am - EDGAR Online Financials (this is again wrong data: 9,110 total revenue 30 sept 04???)
Why is Yahoo Financial time after time posting this wrong info on Hartcourt Q3 numbers?
It's misleading and hurting the stockprice. Plse correct these numbers accordingly.
Correct number for Q3 is: http://biz.yahoo.com/iw/041203/077096.html
Hartcourt's email: info@hartcourt.com
If you didn't find an answer to your question or comment here, send mail to: finance-admin@yahoo-inc.com. Please keep questions relevant to the Yahoo Finance service itself; we do not have the resources to offer investment advice or provide general information about stock markets, companies, or other quote services available on the web.
I just mailed the company (also for the correction), hope to get some feedback. Be back later, hold tight... Imo we'll do fine:) Ed
Maybe you can ask Tony Xia < tony.xia@hartcourt.com >
He has been kind to my questions in the past.
Accumulating in the meantime, see you in higher territory;)
Ed
Got this feedback from HRCT: Dear Edwin:
Thank you for your information.
We have already posted the new release in Yahoo Finance to indicate the incorrect financials and we also ask Yahoo to remove the wrong information from their web. Thank you very much.
Best Regards
Tony Xia
Hartcourt Companies, Inc.
(OTCBB: HRCT) (Frankfurt: 900009)
3/F, 710 Changping Road, Shanghai,P.R. China 200040
Tel: (86) 21 5213 8810-235 Fax: (86) 21 5213 8870
www.hartcourt.com
Hey good morning Tin, I also mailed the company and Yahoo as well. Hope to see the right stuff on Yahoo pretty soon. No need for misinformation, bashers know to manipulate these errors, so we shouldn't allow them this favor;p)) Gonna buy more 2day, have fresh cash. Have an interesting day, greetings from Belgium, Antwerp (city of diamonds) Ed
Hi EastWind,imo that's not enough. YAHOO also has to "correct" it asap. This mistake may certainly affect our shareprice.
It's certainly a BIG mistake from YAHOO publishers.
When people go to HRCT.OB on Yahoo Finacial
http://finance.yahoo.com/q/bc?s=HRCT.OB&t=1d&l=on&z=m&q=l&c=
You have a permanent link below:
called FINANCIALS - INCOME STATEMENT
When investors take 'Quarterly Data' they find this mistake back "all the time", and that's not ok to me and other HRCT longs.
http://finance.yahoo.com/q/is?s=HRCT.OB
Can the other HRCT longs here also plse address this error to Yahoo?
http://help.yahoo.com/help/us/fin/research/research-10.html
Will also take action.
For the newbies, there's a BIG mistake on YAHOO FINANCIAL regarding HRCT's latest revenue numbers for 30 sept '04.
http://finance.yahoo.com/q/is?s=hrct.ob
PERIOD ENDING 30-Sep-04 30-Jun-04 31-Mar-04 31-Dec-03
Total Revenue 9,110 70,655 67,723 43,898
Cost of Revenue 8,766 67,149 64,205 41,927
Gross Profit 344 3,507 3,518 1,971
This 9,110,000$ should be 54,000,000$ for the recent quarter!!
******************************************************************************************************************************************************************************
SHANGHAI, CHINA--(MARKET WIRE)--Nov 9, 2004 -- The Hartcourt Companies, Inc. (OTC BB:HRCT.OB - News) (Frankfurt: 900009), www.hartcourt.com, China's IT wholesale, retail and service provider today announced its results for the quarter ended September 30, 2004.
Hartcourt reported consolidated revenue of US$54 million, up 62% compared to the same period last year.
*********************************************************************************************************************************************************************************
continued... and the company can show us for next coming Q's a better "then expected" performance in e.g. their operational income, sales margins etc. you & I know what the shareprice will do. Typical Microsoft, Intel strategy. Underperform your own expectations / forward looking numbers and at the right time surprise the Street with the right reports. Never say never with otcbb stocks, you should know that by now if you were awake for the last couple years. I have seen f.i. FNIX.OB jumping some Q's back from a low of 0.085$ to over 1.20$, now it's trading around 0.14-0.15$... it's all relative until a company can really unfold their business intentions in a BIG way.
For me, it's all still in the cards for Hartcourt, plenty of growth potential and M&A candidates out there in China. No need to worry too quickly. Own many other small and bigger Chinese stocks and know very well how they can jump in all ways (e.g. XING). Sell and buy when the time is right. Imo for HRCT it's way too early to make a final decision yet. Ain't seen nothing yet. GLTY Ed
Investorman, it also might be some other kind of strategy from the CEO to surprise HRCT investors with 'better-then-expected'news in 2005... If most of investors would think like you do about HRCT and the company c
Well said Tin, nope!;p) In OTC land, anything is possible and we have to keep the focus on HRCT's strategy for the long term. Didn't see any major change in their business plans from my side neither, so most of this whining is just doom and gloom from folks who wants to benefit from this temporary situation. Doubts and other emotional reactions are normal when the shareprice tumbles, but not always justified. Mostly it's fear and stress in people's head, losing the real focus on reality and business. Silence is for me fine. It also means HRCT is confident the good days are still ahead like they wrote in many of their recent Pr's. I witness this recent sharp decline as a S.T.R.O.N.G buy opporunity and know many sharks will continue to swim around Hartcourt in order to get the weak of hands out of this stock. It's all part of the short term game for some to fill their pockets with cheap shares, at the same moments they are spreading fear around the boards. Patience is a virtue if you take this declines from a distance and look at the broader picture, like you do! Hartcourt is still present in a huge Chinese growth and M&A market and isn't sleeping like some wants us to believe, AT THE CONTRARY. Nothing seen yet imo.... Thumbs up , once it start to rebound (any day from now, you will hear some people complaining they sold to quickly b/c of emotional reactions, wrong investor mentality imo.. see you back soon in the 20's$ and when the SEC case is resolved around middle of this month hopefully in the 30's $... GLTY Ed
Q:What's going on with the SEC lawsuit? Did we have a conference on June 1st?
A:On June 1st, the Court has established the trial date to be 30 March 2005. Until then, the legal proceedings will continue as usual with discoveries and depositions from both parties etc…. However, we have already written down $1.3 million against the worst scenario for Hartcourt. There is no longer any downside risk relating to this case. However, since our legal counsel is very optimistic on a favorable outcome, we think of it as a good chance to re-capture the earnings we had written off.
If you have Q's, direct thel to HRCT IR:
Contact:
For Hartcourt:
Tingting Ni
Tel: + 86 21 52138810
Fax: + 86 21 52138870
Email: ir@hartcourt.com
For Adam Friedman Associates:
Leslie Wolf-Creutzfeldt
Tel: 212 981-2529 X 11
Email: leslie@adam-friedman.com
and from " Hartcourt Announces Acquisition of Control Tech (Shanghai), a Major Distributor of Videoconferencing Products in China"
The acquisition marks Hartcourt's first step in implementing management's strategy of shifting the business towards higher margin, value-added service sector in the rapidly growing Chinese IT industry.
Mr. Li Yi Zheng, Chairman of Control Tech (Shanghai), comments, "We are delighted to join Hartcourt group at the current expansion stage. The management, marketing and business expertise that Hartcourt can bring to us is crucial for a fast growing company like Control Tech. We believe that the synergies that will result from the acquisition will contribute significantly to both Hartcourt and Control Tech's profitability and business growth in the coming years."
Investorman: from Q&A: A:That was one of the reasons why the Board of Directors have decided to slow down the acquisitions to allow the operation managers to work on the bottom line. In addition to the ERP system, we have embarked on a TQM (Total Quality Management) with a goal of continuous improvement on all operations. A Six Sigma quality program is being implemented. Ms. Carrie Hartwick, our new CEO, will devote a substantial portion of her time on accomplishing the TQM and bring out better performance of the subsidiaries.