Replies to post #984 on CDC Corporation (CHINA)

[florida135]

Sultan can't advise you on this one. Been out of it for a while now. I'm in SIRI, which hasn't been doing too well lately, but hopefully it will bounce back at some point. Regards,Florida

[MrBankRoll]

A confident CEO. Peter has darn near put a million of his own bucks into it since the beginning of the year.....

08/05/2008 @ 5:00PM

CDC Corporation Provides Update on Share Repurchase and Insider Buying

CDC Corporation (NASDAQ: CHINA), focused on enterprise software and online games, announced today that in the second quarter of 2008, through its share repurchase program, the company has repurchased 262,457 shares of its common stock at an average cost basis of (U.S.)$2.90. Since the end of the second quarter, the company has also repurchased an additional 209,517 shares of its common stock through its share repurchase program at an average cost basis of (U.S.)$2.39. Since the inception of the company's stock buy back program in April 2006, it has repurchased a total of 9.5 million shares of its common stock at an average cost basis of (U.S.)$5.53.

In addition, Peter Yip, the company’s CEO, has purchased a net additional amount equal to 268,000 CDC Corporation common shares at an average cost basis of (U.S.)$3.55 (including commissions), since January 3, 2008.

“I continue to believe that our shares are undervalued and I have personally purchased shares during periods when the trading window has been open, as well as through existing trading plans,” said Peter Yip, CEO of CDC Corporation. “The Company has a strong balance sheet. Additionally, we previously reported (U.S.)$229.2 million in non-GAAP cash and cash equivalents as of March 31, 2008 and reported (U.S.)$5.3 million in GAAP operating cash flows in our Q1 2008 earnings release. I am confident in CDC’s ability to demonstrate continued improvement in its key operating metrics for the second half of 2008.” About CDC Corporation The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA), please visit www.cdccorporation.net.