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There has been news on the company since march, but it's been news over in Asia / china
not big news but in may they anounced start of construction. I found another artical about the website, i went to the website and it does say it will be open soon
There website that has been down snshiming.com
is going to open soon. I think news is coming soon too.
in their last news posting it does say shiming has recieved 400 million, not will get 400 million. As far as why they have not posted news, why did they wait til march 26 to anounce they broke ground when they did it January 8? Why didn't they post news on there new phone when it is out now? I don't know
A tv phone with dual bluetooth, dual camera 1.3 pixels , mp3/mp4 player, 3" screen, pda for $95 not bad when compition is $250 for the same phone.
but when news does hit I think it will be big
even if they didn't get the money from the government they have a state of the art factory that can produce 100 million phones per year
As long as they can sell them the company will be golden
I know they are selling them just dont know how good they are selling
The government gave them the money because the economy is slow. They won't cancel the project.
If it were legal to lie to shareholders I would agree with you
And I would be scared about my apple shares because I have no proof they are making money they might not be telling the truth to.
This company tends to be slow at keeping the investor informed. They didn't come out with the news about the 400mill right when they found out about it. They already had all the buildings designed and a pic of the campus when they came out with the news. Believe me the company exists, the Chinese government isn't going to give a company 400mill then 6 months later the company says have it back we don't want to grow as a company
Penney stocks take alot of time to take off when you get in so early . The building for most of the products the company will make money on isn't even built yet .
News has to be coming soon ,they have been making phones since December
Their campus has to be along ways along, China puts up buildings fast
I would say news by December
Stock is done can't beleve it , but done
poor management
i think we might have a problem
they have been making phones since october 6th
almost 8 months
There has to be a reason why they are not selling them yet
in october they were at current capacity of 100mil phones per year
we are talking 4 more months for a year
they really need 100 million phones for opening day?
problem with software? Something is not right, any body disagree?
it took apple 4 months from start of production to in stores.
shiming says it has a contract with baoji national hi-tech company
i googled it and cant find any info on that company does this company exist or dont chinese companys use the internet?
can anybody get ahold of shiming? Their telephone, fax and e-mail all don't work
millions of 3g phones will be in stores may 17th. Many phone companys have contracts with major appliance stores. If shiming is telling the truth about making phones they have a major stock pile im talking 50million. So i would emagine they will start selling them soon. Even though shiming is missing out of the first stage its not a big deal, not too many phones will be sold in the second quarter. 3rd and 4th quarter going into 2010 however are expected to be huge. So hopfully we hear something in the next few months. When they come out with the 400million dollar governent deal shiming had to know about that many months before that, unless the Chinese are that fast making blue prints for buildings. So they are not exactly good with giving shareholders info as you all know.
like I said a month ago another long wait
all im saying is they have been making phones a long time
i dont see why they dont have a contract with somebody
lg, samsung, nokia, motorola, sharp and dopot all have contracts with one of chinas largest appliance retailers suning appliance. phones will go on sale at these retail stores by may 17th
many other retail stores in china plan to sell 3g phones by June
shiming is behind and shouldn't be its not like they don't have phones to sell
i thought they had a "guaranteed nitch in chinas market" doesn't seem that way
Unless they just arent releasing information
in october in there news post it says they are currently producing phones
But they did lie about posting earnings they could be liying about producing phones too
They have been making phones for 7+ months now if you go by the 100 million phones per year thats 58 million+ phones made. Too bad they cant sell any of them. There compeditors are
im sure they are really busy right now they have alot going on
they might not have anything new to report, if they are not selling the phones that they have been producing the last 6 months then nothing is new
they must figure they can sell more than 100million phones per year if they are building another cell phone plant, but whats making them think that i dont know
Sold most of mine this week
dought anything happens next week when it takes them 3months to report the same news they reported 3months prior
what scares me is they didn't report earnings again
they had to file with the sec to get a extension in march 08 the extension was to march 09 witch they didn't file again
its not like they didnt have time
looks like another long wait
I've only been waiting 6 months for this day
they must have changed their mind about posting earnings
maybe they thought they would be selling phones by now but aren't
won't be suprised if its down alot tomorrow too
I know I'm shedding some shares tomorrow
could be another 6 months before something happens
im sure im not the only pissed share holder, and when you have pissed shareholders thats not a good thing
go to there website and go to f.a.q
says they are posting earnings today march 30 2009
What the hell is going on only 150 shares sold stock goes down 33%
no news out yet
big day tomorrow boys
we will find out alot about this company monday
To me there are alot of questions out there hopfully they answer some of them monday
to bad its not new news
If they dont have really good news march 30 im selling all of my shares
How do you guys think the government envolvment will effect the company both
positive and negative ?
I would emagine the government will take alot of the profits unless the company just has to pay the 400mil back but knowing china I dought it
I just don't know how it works in china to be honest
which I probably should since I have so much tied up in this company
I'm hoping one of you could give me your input thanks
Google china telecom buys 3g phones from
and go to the 5th link down shanghai
instead of typing in the address in my last post
China mobile is already offering 3g service and selling phones
go to www.shanghai.gov.cn/shanghai/node17256/node18151/userobject22ai30897.html
if this doesn't come up as a link don't worry about it
its alot easier to get to if you know Chinese
china telecom says that it is scheduled to launch 3g service to 324 citys by the first six months so thats what im hearing to, may or june. They have already started bidding on 3g phones in late 08. They expect to buy 20 million 3g phones in 09 100 million by 2011. The big three are buying phones already this year.
earnings march 30
any guesses out there on there earnings. Why did they wait over a year to release earnings? Why now? What are they selling? TVs still or phones?
looks like we will have to wait til march for news
china has given out licences for 3g two weeks ago
I really dont think they are selling their phones yet
we have awhile to wait, but it will be worth it
Most investers wont buy a stock if the company does not release what they are selling if anything. They have said they are making phones but have said nothing about selling them. I havent been able to find any info on their phone they are keeping things hush hush
When they released decembers news they new that info months before that
i cant find info on cell phone sales or a contact number
you are right about bad comunication
october they anounce that they bought land and they are going to start to make cell phones instead of tvs so im thinking how long its going to take to design and develop a phone and convert there existing plant then
two months later they are already making cell phones and they already have buildings designed and money to build them
I dont know what to think
do you think that means they are selling phones
because they are not selling TVs anymore, earnings would be 0 if there not selling phones unless I'm wrong about the TVs
go to the f.a.q link on the web site www.snshiming.ir.stockpr.com and you will see it
no dont have a contact # it would be nice though
I see they are posting earnings in march don't see anything about the first week of jan
they mention that they are making cell phones but nothing about selling any or having a contract with someone
Do you think we will have to wait till march to find out if they are selling these cell phones or even if they are trying to sell them yet
figured i wasn't the only one
when they get a contract from one of the big three it will be huge
hopfully from china mobile.
it will happen just a matter of when
the goverment will give out licences early to mid 2009 we should only be pissed a few more months