Word: microsoft
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Dates: during 2000-2009
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...former venture capitalist, Mao engineered Sina's creation by arranging a merger between a U.S. Internet start-up and a Chinese software company. Soon he may preside over its resale. Mao contemplates the latest street buzz: AOL is rumored to be trying to acquire community portal Netease, while Microsoft is said to be eyeing Sina. Across town, Charles Zhang, the founder of rival Sohu, is fighting to prevent a humiliating ejection from NASDAQ after Sohu's share price sank below $1 recently...
...bottom line. "People thought there would be one or two local players who would make it in China," says Jasmine Koh, regional Internet analyst for UBS Warburg in Hong Kong. "Now it's shifting to be a global game." That means opportunities for the likes of AOL, Yahoo!, Microsoft MSN Online and Lycos Asia, which reportedly spent $12.8 million to buy myrice.com, a Hong Kong-based community portal aimed at Chinese subscribers...
...Talks, at least, are proceeding.Word on the street has it that Microsoft is sniffing for deals in China's online market. AOL Time Warner, which publishes TIME, is said to be the furthest along. Sources say it has held intense negotiations with Beijing's politically well-connected Legend Computer about forming a joint venture that would then snap up Netease. Rumors link Microsoft with Sina. (Spokesmen for Microsoft and AOL deny there are any deals in the works.) Amid all the jockeying, Yahoo!'s plans seem the murkiest. International expansion may no longer be a major priority: many of Yahoo...
...once faster data services are introduced, handsets like one from Sendo, which uses Microsoft's smart phone platform, will be able to receive streaming video, allowing movie trailers or a soccer goal to be beamed to fans on the move. Meanwhile, Palm's next generation of handhelds allows users to view and edit images taken with compatible digital cameras. These applications and others can be accessed by inserting Secure Digital Cards or MultiMediaCards into a slot in the Palm -no PC necessary. In addition to digital cameras, future add-ons include video recorders and global positioning systems. And Kodak...
...year's earnings than they did even before the slide. So they still look expensive. But that's because near term earnings assumptions are falling faster than the stock price. If the earnings slump is temporary, as it most likely will be for blue-chip firms like Intel and Microsoft, the near term outlook should be ignored if you are a long-term investor. A better metric is the expected five-year growth rate...