JP Morgan: China Wireless Value-Added Services Sector Update
Bill Bishop (to his blog) points at this China Wireless Value-Added
Services Sector update from JPMorgan:
"From our channel checks, we expect MMS revenue to see
significant decline in 1Q05, due to 1) change in MMS revenue
recognition policy and, 2) MMS transition to MISC platform."
"We currently expect 1Q05 MMS revenue could see 30-40%
sequential revenue decline, while SMS revenue to be up low single
digit sequentially. On the other hand, WAP and ringback tone
services are expected to continue with double-digit growth in 1Q05."
"We have also revised down SINA’s 2005E fully diluted EPS by 4%
to US$1.45, with Dec-05 target price of US$33 on the back of lower
revenue assumptions." Read more
posted by Johannes @ 1:35 AM
1 comments
1 Comments:
This whole notion of free trade is phoney totally phoney. We are becoming a nation of financial services companies All these companies do is recycle money. The result is no useful products and services are being produced or sold. The idea that the bedrock of the united states economy can be a country of bankers financial planners financial researchers dealing with numbers marketing consultents' lawyers is completly false. I could go on and on but I need not. The intangable economy of sorts must be replaced with a economy that produces or provides useful products and services that are really needed. Otherwise we will end up with a few bright CPA's with master degrees siting behind desks making a good living and everybody else cleaning the carpeting and emptying the wast paper baskets.For three dollars an hour.
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