Monday, May 02, 2005

Hope for Chinese Portals that Wireless Revenues Will Run Again

From Investor' Hope rings eternal for wireless revenue

"As China's biggest Internet portal Sina Corp. readies to announce results this week, what was once seen as the Chinese portals' (or chortals') cash cow now looks like a sluggish business. But there is hope that wireless revenues will run again."

"When Sina (SINA) disappointed the market with its fourth quarter WVAS (wireless value added services) numbers back in February, it also warned of big uncertainty over its financial projections. Despite these warnings, first quarter WVAS revenue for Sohu (SOHU) and NetEase (NTES) fell within market expectations last week and Sina is expected to hit its numbers when it announces on May 5."

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