For CHINAdotcom Shareholders !!! IMPORTANT!!!


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Stox Dude:

For CHINAdotcom Shareholders !!! IMPORTANT!!!

 
08.08.01 03:14
NEW YORK--(BUSINESS WIRE
--Notice is hereby given that a class action lawsuit was filed on July 18, 2001, in the United States District Court for the Southern District of New York, on behalf of purchasers of Chinadotcom Corporation ("Chinadotcom") (NASDAQ:CHINA) common stock between July 12, 1999 and June 28, 2001, inclusive (the "Class Period").
The complaint alleges that defendants violated the federal securities laws by issuing and selling Chinadotcom common stock pursuant to the July 12, 1999 IPO without disclosing to investors that some of the underwriters in the offering, including the lead underwriters, had solicited and received excessive and undisclosed commissions from certain investors.

The complaint alleges that, in exchange for the excessive commissions, members of the underwriting group allocated Chinadotcom shares to customers at the IPO price of $20.00 per share. To receive the allocations (i.e., the ability to purchase shares) at $20.00, the underwriters' brokerage customers had to agree to purchase additional shares in the aftermarket at progressively higher prices. The requirement that customers make additional purchases at progressively higher prices as the price of Chinadotcom stock rocketed upward (a practice known on Wall Street as "laddering") was intended to (and did) drive Chinadotcom's share price up to artificially high levels. This artificial price inflation, the complaint alleges, enabled both the underwriters and their customers to reap enormous profits by buying stock at the $20.00 IPO price and then selling it later for a profit at inflated aftermarket prices, which rose as high as $67-7/64 on July 13, 1999, more than tripling on its first day of trading.

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Poelsi7:

heute um 10.00 kommen die Zahlen....

 
13.08.02 09:56
also in 3 min. Schaun wir mal!
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Poelsi7:

da sind sie

 
13.08.02 10:06
sehr zufriedenstellend finde ich, bedenkt man, daß noch ca. 350 Mio cash vorhanden sind.
Für mich eine echte Langfristinvestition, gerade in Hinblick auf die olympischen Spiele. Auch sollte man nicht vergessen, daß China ca 1/6 der Erdbevölkerung ausmacht...!!!

HONG KONG, Aug 13, 2002 /PRNewswire-FirstCall via COMTEX/ -- chinadotcom
corporation (Nasdaq: CHINA)(Website: www.corp.china.com), a leading integrated
enterprise solutions company in Asia, today announced its financial results for
the second quarter ending June 30, 2002 under US GAAP. Net loss narrowed by 86%
from a year ago to US$8.0 million, the same as compared to the previous quarter.
Q2 2002 loss per share was US$0.08 versus $0.08 in Q1 2002 and US$0.57 in Q2
2001.

chinadotcom posted revenue of US$15.2 million in Q2 2002, down 7% compared to
US$16.4 million in Q1 2002. Previous expectations for Q2 2002 revenues included
certain consulting project revenues which we now expect to record in Q3 2002.
Gross margin of 33% was US$5.0 million, down from 35%, or US$5.8 million in Q1
2002, primarily relating to ongoing price pressure in the on-line advertising
network business. SG&A expenses for Q2 2002 were US$11.1 million, down 11%
compared to US$12.4 million in the previous quarter and 62% lower than US$29.0
million a year ago. The company is working towards further reduction in
recurrent quarterly SG&A expenses to single digit levels going forward. As a
result of this further improvement in cost control Q2 2002 cash operating loss
was US$6.2 million, down from US$6.6 million in Q1 2002 and down 74% from a year
ago.

"Despite persistent weak market conditions, we have made progress during the
quarter in positioning ourselves for an eventual upturn in economic conditions,"
said Daniel Widdicombe, Chief Financial Officer of chinadotcom. "At the same
time as continuing to control operating expenses and maintaining our current
cash levels, we have been working to move up the value curve through the
introduction of more higher-margin products that we have either developed
internally, added through acquisition, or through partnerships.

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Poelsi7:

falls es jemanden interessiert....

 
13.08.02 10:18
...aber ich merke schon, Pennyramschbuden sind für die meisten hier interessanter


                          chinadotcom corporation

                   Consolidated Statements of Operations

       (Amounts in thousands of U.S. dollars, except per share data)



                                                      Quarter        Quarter

                                                        Ended          Ended

                                                 Jun 30, 2002   Mar 31, 2002

                                                   (Unaudited)    (Unaudited)



   Revenues

    e-business Solutions                               $6,034         $7,645

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