Thursday, January 04, 2007
Cisco offers $830 million for IronPort ... Patch issued for OpenOffice
HIGHLIGHTS
News: Cisco offers $830 million for IronPort
News: Patch issued for OpenOffice.org WMF vulnerability
News: SanDisk releases 32G-byte drive for notebooks
News: Disk-makers join to push flash-embedded drives
Tip: VPN and domain authentication
ITwhirled: Ten best geek quotes
NEWS UPDATES
Cisco offers $830 million for IronPort
Cisco Systems Inc. has agreed to buy IronPort Systems Inc., a developer of e-mail and Web security products, for $830 million.
Patch issued for OpenOffice.org WMF vulnerability
A patch has been widely released for a vulnerability in the OpenOffice.org productivity suite, a problem rated as "highly critical" by one security vendor.
SanDisk releases 32G-byte drive for notebooks
SanDisk Corp. has launched a 32G-byte solid-state drive using flash memory chips, intended as a replacement for conventional hard disk drives.
CES: Disk-makers join to push flash-embedded drives
The five largest manufacturers of hard-disk drives will work together to promote a new technology that promises to improve system performance, the companies said Thursday.
Google nets search deal with China Mobile
Google Inc. has signed a deal to provide mobile search services for China's biggest mobile phone operator, China Mobile Ltd., the company announced Thursday.
CES: LG to show dual HD DVD/Blu-ray player
LG Electronics Inc. will soon begin selling a high-definition video disc player compatible with both the HD DVD and Blu-ray Disc standards, it said Thursday.
OLPC aims for mass production in third quarter
One Laptop Per Child (OLPC) plans to conclude its third build of the laptop by early April, finalizing any last-minute engineering tweaks and hopes to begin mass production of its low-cost notebooks aimed at children in developing nations in August or September.
TIP
VPN and domain authentication
By Mitch Tulloch, MTIT Enterprises
If your enterprise has multiple small offices but only one domain
controller at each office, how will users at one of your sites log on
if their domain controller goes down? One common approach is to have
users make a VPN connection to one of the other offices using PPPoE
over DSL and authenticate with the domain controller there.
ITWHIRLED
She's a 10
Ten best geek quotes ... 10 online operating systems reviewed ... Top 10 point-and-shoot cameras ... Top 10 Web 2.0 crushes ... Top ten invented worlds
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2 comments:
This is a comment to the Google-China Mobile deal.
I have a subscription at a china stock research firm from NY, chinavestor.com. They have an excellent portfolio of stock they follow, CHL included. Thought I copied part of the latest Newsletter. Excellent read for China stock investors.
Most foreign investors interested in China’s companies prefer to trade H-shares, or mainland companies that list in Hong Kong, Shanghai and New York, and comply with international accounting and governance rules.
Companies from the H-share index that are listed both in Hong Kong and New York and thus are readily available for U.S. investors are: Aluminum Corp. of China (ACH) (2600.HK); China Life Insurance (LFC) (2628.HK); Guangshen Rail (GSH) (0525.HK); Huaneng Power (HNP) (0902.HK); PetroChina (PTR) (0857); Shanghai Petrochemical (SHI) (0338.HK); Sinopec Corp. (SNP) (0386.HK) and Yanzhou Coal (YZC) ((1171.HK).
The rest of the stocks, making up the H-share Index, are not listed in New York but include blue-chips like Bank of Communications (3328.HK), Bank of China (3988.HK), Datang Power (0991.HK) and China Shenhua (1088.HK) - just to name a few.
Still, investors can capture basically the same growth of the China Enterprise Index or H-shares and play the Chinese craze by investing in the ETF tracking the Xinhua China 25 Index: the FXI. As the following chart shows, there is extremely strong correlation between the performance of the H-share index (.HSCE) and the FXI. The chart tracks the FXI since its inception on 10/14/2004 along the H-share index.
Top ten stocks of FXI holdings are:
China Mobile 10.98%
PetroChina Co 8.81%
Bank of China Ltd 7.41%
China Life Ins. 7.33%
CNOOC Ltd 6.15%
BOC Hong Kong 4.22%
Sinopec 4.18%
Citic Pacific Ltd 4.15%
Ping An Ins. 4.05%
China Telecom 4.01%
The advantage of FXI over individual stocks is that since FXI represents 25 underlying stocks, it carries minimal company specific risk.
Still, if investors want to pick individual stocks, this is what we think. Large cap stocks will carry over momentum from 2006 and will continue to do well in 2007. Looking at the stellar performance of China Life Insurance (LFC), it is unlikely that the company will almost triple its value in 2007 as it did in 2006, but a high double digit gain is very plausible.
Large cap telecom stocks are expected to outperform in 2007 as well, just as we have seen them excel from the beginning of the second half of 2006. China Mobile (CHL), China Unicom (CHU), Hutchinson Telecom (HTX) and China Netcom (CN) are poised to capture the telecom frenzy.
The spectacular gains from the oil industry—SNP, PTR, and CEO gained 92.2%, 79.2 and 44.1%, respectively in 2006—are unlikely to repeat. Earnings of these companies are subject to international oil prices and we don’t expect the crude oil run-up of 2006 being surpassed in 2007.
Looking back to 2006, one of the lessons Chinese stock investors learned is that you don’t have to take high risk to achieve stellar returns. Small cap NASDAQ listed names, the most risky of the U.S. listed Chinese stock universe, are dominant among the worst stocks of 2006. Eye-catchy, fancy names or sound business models alone were not enough to support stock prices anymore. The erosion of eLong Inc. (LONG) from rival Crip.com (CTRP) is clearly the result of delivering results versus showing potential. The weak performance of the wireless value added services sector indicate that the “blink-blink” is over.
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