SinoCast China IT Watch articles from August 2008

SinoCast China IT Watch archives from August 2008

BOE Predicts Loss in Q3.
August 28, 2008... BEIJING, August 29, SinoCast -- China's LCD panel industry seems being on the verge of losses. Although BOE Technology Group Co., Ltd. (SZSE: 000725) issued a satisfying interim report on August 27, 2008, its prediction of possible operating...

Giant Interactive Sales up 36.3%.
August 28, 2008... SHENZHEN, August 29, SinoCast -- Giant Interactive Group, a leading cyber game vendor in China, released its latest financial report on August 27. The report says that it recorded total sales of CNY 504 million, representing an increase of...

Alibaba Survives Half Year of Winter.
August 28, 2008... HANGHZHOU, August 29, SinoCast -- An outstanding interim financial report released on August 27, 2008 announced that the Chinese B2B operator Alibaba.com Ltd. (SEHK: 1688) had survived the e-commerce winter cried by Jack Ma, chairman and CEO...

ABB to Set up Switchgear JV in Tianjin.
August 28, 2008... TIANJIN, August 29, SinoCast -- Swiss engineering giant ABB Ltd. (NYSE: ABB) will set up its 26th company in China in the future, deepening its footprint in the world's most populous power market. The New York-listed company has entered...

Suning to Open the First Discount Store.
August 27, 2008... BEIJING, August 29, SinoCast -- To further diversify its businesses, Suning Appliance Chain Store Group (002024.SZ) said on August 27 that its first home appliance discount store would come into service at this weekend in Beijing. As the...

China Mobile Testing Mspaces.net.
August 27, 2008... SHENZHEN, August 28, SinoCast -- As the Internet is penetrating fleetly, the integration of Internet and mobile Internet is an inevitable trend. What telecom carriers are doing now will determine their positions in the industry chain in the...

Qihoo Vs Rising: Deception or Reputation Infringement.
August 27, 2008... BEIJING, August 28, SinoCast -- A petition submitted by Qihoo Corporation to a Beijing-based court pitted itself against its main rival named Beijing Rising Information Technology Co., Ltd. in a verbal battle, where the two Chinese anti-virus...

Best Buy Softly Opened Its Second China Store in Shanghai.
August 27, 2008... SHANGHAI, August 28, SinoCast -- On August 26, Best Buy softly opened its second China store at Zhongshan Park, Shanghai. And it is scheduled to kick off official operation of the store in November this year, with seven more chain stores...

Huawei Suspends Bonus Payment to Prepare for CDMA Bidding.
August 27, 2008... SHENZHEN, August 28, SinoCast -- The first round of bidding invitation for the CDMA network equipment kicked off by China Telecom Corporation Ltd. (NYSE: CHA and SEHK: 0728) triggered a war among equipment suppliers. Huawei Technologies...

Hisense Kelon OKed to Set up JV with Whirlpool.
August 27, 2008... SHENZHEN, August 28, SinoCast -- Hisense Kelon Electrical Holdings Co., Ltd. (SZSE: 000921, Hisense Kelon) won go-ahead from its shareholders on an extraordinary meeting held on August 26 to form a washing machine and refrigerator joint...

China Mobile to Pour CNY30bn in TD-SCDMA Network Building.
August 26, 2008... BEIJING, August 27, SinoCast -- Another batch of big orders for telecoms equipment are expected to be cast by China Mobile Ltd. (NYSE: CHL and SEHK: 0941), China's biggest mobile telecoms operator, which has got regulatory approval to start...

Domestic Phone Makers Frustrated with Lower Gross Profits.
August 26, 2008... SHENZHEN, August 27, SinoCast -- Though Chinese domestic cell phone makers were shipping more handsets in the first half of 2008, their gross profits were on the decline. China Zhenhua (Group) Science & Technology Company Limited...

Motorola Can Hardly Say Goodbye to Low-end Market in China.
August 26, 2008... SHENZHEN, August 27, SinoCast -- Though industry experts believe that a primary cause of Motorola's ever falling sales is its overexposure to the low-end market, the fourth largest cell phone maker can hardly say goodbye to the lower tiers of...

Ningbo Bird, Amoi Electronics Sales Down 20%-40% in H1.
August 26, 2008... SHANGHAI, August 27, SinoCast -- Ningbo Bird Co., Ltd. (SHSE: 600130) and Amoi Electronics Co. Ltd. (SHSE: 600057), two declining mobile phone makers in China, suffered 20%-40% declines in sales revenue in the first half of 2008 though...

Bosch and Siemens Pours USD160mn in China.
August 26, 2008... NANJING, August 27, SinoCast -- Bosch and Siemens Home Appliances Group (BSH) is speeding up its second round of investment in China, thirteen years after its foray into the country. Different from the first round, the investment is...

CCID Media Investments Expects CNY15mn Losses in Jan-Sep.
August 25, 2008... BEIJING, August 26, SinoCast -- Bearish macroeconomic environment, and slipping revenues result in lessening advertising expenditure of all companies. The media industry, depending on ads revenue as profit source, meets a downturn. In...

Focus Media Enhances Expansion.
August 25, 2008... SHANGHAI, August 26, SinoCast -- Focus Media Holding Limited (NASDAQ: FMCN and FRA: F1O) achieved a revenue of USD 211.7 million in the quarter ended June 30, 2008, rocketing 106.8% year on year, citing the financial report by the Chinese...

Baidu's E-commerce Platform Undergoing Final Tests.
August 25, 2008... SHENZHEN, August 26, SinoCast -- The e-commerce platform (http://zhaoshang.baidu.com ) released by Baidu.com last year lately has been revised. And it is undergoing final tests. Now the company is enlisting 10,000 businesses and hoping to...

Sales of Cell Phone Giants Mixed.
August 25, 2008... SHENZHEN, August 26, SinoCast -- In face of the fierce competition from inferior brands and the ever rising raw material prices and lobar costs, experiences of Chinese cell phone giants are completely different. The latest performance...

ZTE, Huawei: Big Winners of China Telecom's CDMA Orders.
August 25, 2008... BEIJING, August 26, SinoCast -- Huawei Technologies Co., Ltd., ZTE Corporation (SZSE: 000063 and SEHK: 0763) and Alcatel- Lucent (NYSE: ALU) shared the CNY 27.9 billion CDMA equipment contracts from state-owned telecommunications operator...

Hurray! Sales down 3.7%.
August 22, 2008... SHENZHEN, August 25, SinoCast -- Hurray!, one of the leading value-added telecom service provider in China, posted its second-quarter result on August 22. It recorded total sales of USD 12.8 million in the second quarter of 2008, down 3.7%...

Shenzhen Looking for Ways to Boost Its Software Industry.
August 22, 2008... SHENZHEN, August 25, SinoCast -- The software industry has gone mainstream in Shenzhen, a coastal city close to Hong Kong. In the first half of 2008, the city's software sales hit CNY 46.7 billion, representing an increase of 21.6% from...

Hedy Holding Net Profits Dropped 85.39% in H1.
August 22, 2008... SHANGHAI, August 25, SinoCast -- Hedy Holding Co., Ltd. (SZSE: 002027) yesterday posted net profits of CNY 852,500 for the first half of 2008 in its financial report, sagging 85.39% year on year, hurt by the underperforming mobile phone...

TCL Comes Back.
August 22, 2008... HUIZHOU, August 25, SinoCast -- Chinese consumer electronics provider TCL Corporation (SZSE: 000100) released a satisfactory interim financial statement on August 21, 2008, after it witnessed ST, a mark for business loss, removed from its...

Shanghai Narcissus Leases Brand.
August 22, 2008... SHANGHAI, August 25, SinoCast -- Although Narcissus-branded home appliances are rare to see in retail chains of first-tier cities, Shanghai Narcissus Electric Appliances Co., Ltd. survived through original equipment manufacture (OEM), and...

Asia Media to be Delisted on September 20.
August 21, 2008... BEIJING, August 22, SinoCast -- Asia Media Co., Ltd. (TSE: 2149) will be delisted from the Mothers Board of the Tokyo Stock Exchange on September 20, 2008, more than one year after its Tokyo listing, announced the Tokyo bourse on August 19,...

China Unicom Lets Go of CDMA Business.
August 21, 2008... SHENZHEN, August 22, SinoCast -- China Unicom saw negative growth in pre-paid and post-paid CDMA cell phone subscribers in this July, reducing 413,000 from the previous month. The reduction is within expectation as China Unicom is delivering...

China Telecom Saw Turnover of 600,000 Fixed Line Users.
August 21, 2008... SHENZHEN, August 22, SinoCast -- China Telecom Corporation Ltd. (00728.HK) saw a turnover of 600,000 fixed line telephone subscribers this July, an increase of 3.4% from the previous month, reducing the total number to 214.29 million. ...

Huawei Technologies Armed to Teeth for China Telecom Orders.
August 21, 2008... SHENZHEN, August 22, SinoCast -- Chinese telecoms equipment provider Huawei Technologies Co., Ltd. is trying to snatch the lion's share of China Telecom's latest orders. Not long ago, China Telecom Corporation Limited (NYSE: CHA and...

ZTE Saw Net Profit Raise 21.21% in H1.
August 21, 2008... SHENZHEN, August 22, SinoCast -- ZTE Corporation (SEHK: 0763 and SZSE: 000063) gained CNY 557 million of net profit in the first half of 2008, rising 21.21% from a year earlier. Its earnings per share after the capital reserve...

Eying Expansion, Ddmap.com Mulling Fundraising Round III.
August 20, 2008... SHANGHAI, August 21, SinoCast -- Ddmap.com, a popular online map provider, is speeding up expansion in Chinese cities out of Shanghai, disclosed chief executive officer for the Shanghai-based company, recently. "We will not rush for...

Baidu Upgrades Its System to A New Level.
August 20, 2008... SHENZHEN, August 21, SinoCast -- Baidu.com, the biggest Chinese Internet search service provider in the world, has replaced all of its hard disks with flash memory with two years of effort. Such changes will greatly improve the search...

Electrolux China in Rally with Small Home Appliances.
August 20, 2008... BEIJING, August 21, SinoCast -- Swedish home appliance manufacturer AB Electrolux (OTC: ELUXY) is telling a story of rally in China with its small products, which, though, still fall behind of its big products in terms of sales, presently....

Guangdong Supports 32 Flat Panel Projects with CNY900mn.
August 20, 2008... GUANGZHOU, August 21, SinoCast -- The Guangdong government will support the local flat panel TV display industry with CNY 900 million of financial subsidies. The capitals will be inputted into 32 projects, whose public notification has...

Appliance Retailers Damps Handset Stores' Listing Pursuit.
August 19, 2008... SHENZHEN, August 21, SinoCast -- There is still no end in sight to the listing pursuit of Zhongyu, Xieheng, and Dixintong, the big three cell phone retailers in China, even though they have been brewing it for years. As the traditional...

VisionChina Media Wins USD101mn via a Share Offering.
August 19, 2008... BEIJING, August 20, SinoCast -- As many companies grow more and more prudent when weighing up share offerings on the sluggish Chinese stock market, VisionChina Media Inc. (NASDAQ: VISN) made a hit overseas in fundraising. On August 15,...

TOM Group Lost HKD547mn in H1.
August 19, 2008... BEIJING, August 20, SinoCast -- It is time for Yeung Kwok Mung, the new CEO of TOM Group Limited (SEHK: 2383), a leading media group in Greater China, to come to bat. On August 18, 2008, TOM Group released its performance report for the...

China Unicom, China Netcom Gearing up for Merger.
August 19, 2008... BEIJING, August 20, SinoCast -- China Unicom and China Netcom are speeding up their proposed integration in a bid to get well prepared for the to-be-launched 3G business. China Netcom and China Unicom, which were encouraged to combine...

China Mobile Got Permission to Kick off TD Service Nationwid.
August 19, 2008... SHENZHEN, August 20, SinoCast -- China Mobile, the carrier in the front ranks of mobile telecom sector in China, said on August 18 that it had got the permission from the Ministry of Industry and Information Technology (MIIT) to extend its...

ZTE Stock Falls Consecutively.
August 19, 2008... SHENZHEN, August 20, SinoCast -- Stock price of ZTE closed at CNY 33.63 on August 18, hitting its one-year low. It had been falling for six consecutive days. The A share price of ZTE fell 6.2% on August 14 and down 9.21% on August 15, closing...

Hunan Publishing Plans Listing in 09.
August 18, 2008... CHANGSHA, August 19, SinoCast -- Hunan Publishing Investment Holding Group Co., Ltd. (HPIHG) plans to float shares on the Shanghai Stock Exchange in mid 2009, and raise CNY 1.5 billion to CNY 2 billion, revealed its board chairman Gong...

Focus Media Sales up 106.8%.
August 18, 2008... SHENZHEN, August 19, SinoCast -- Focus Media, the number one outdoor advertising media in China, released its second- quarter result ended June 30, 2008. For the second quarter of 2008, Focus Media reported total revenues of USD211.7...

China Telecom Accelerating CDMA Network Deployment.
August 18, 2008... BEIJING, August 19, SinoCast -- China Telecom, the largest fixed-line telecommunications operator in China, is quickening its steps to deploy the CDMA network in a bid to operate the CDMA business in October 2008 as planned. China...

China Mobile Keeps Pushing for TD Services.
August 18, 2008... BEIJING, August 19, SinoCast -- As cell phone makers such as Hisense have delivered their first batch TD-SCDMA handsets to China Mobile, the telecom carrier began providing Olympic volunteers with these TD handsets free of charge. ...

Competition in Chinese Telecoms Equipment Market Go Red-hot.
August 18, 2008... BEIJING, August 19, August 18, SinoCast -- As a fast- growing Chinese telecoms industry generates more and more big orders for telecoms equipment, the manufacturers of such equipment pit their self into an incandesce competition battle for...

Alibaba Said to Dabble in Online Game Business.
August 15, 2008... BEIJING, August 18, SinoCast -- Alibaba Group, China's e- commerce bellwether, is likely to march into the online game market in the future, disclosed people in the know on August 14, 2008. China Yahoo, one of the units of Alibaba, has...

Alibaba Said to Foray into Online Gaming.
August 15, 2008... HANGZHOU, August 18, SinoCast -- E-commerce company Alibaba Group is said to follow portal Web site NetEase.com Inc. (Nasdaq: NTES) to develop online games. The news has not been confirmed. On July 23, 2008, Jack Ma, founder, board...

Kongzhong Net Profits up 669%.
August 15, 2008... SHENZHEN, August 18, SinoCast -- Kongzhong.com, one of the leading value-added Internet service providers in China, posted its second-quarter financial report ended June 30, 2008. The report says that the company recorded total sales of...

Success Electronic Getting Close to IPO.
August 15, 2008... SHENZHEN, August 18, SinoCast -- By far China has become the biggest producer of televisions, computers, and cell phones in the world. As a supporting facility of computers and consumer electronics, the global LCD industry is also speeding up...

Digital China Remolding Itself.
August 15, 2008... BEIJING, August 18, SinoCast -- Chinese IT consolidator Digital China Holdings Limited (SEHK: 0861) has raised the curtain for its recasting drama, the first act of which would be named "Go Independent". Legend Holdings Limited, its...

Tencent Sales Soared 84.8%.
August 14, 2008... SHENZHEN, August 15, SinoCast -- Shenzhen-based IT giant Tencent announced its mid-term report on August 14, saying it recorded total sales of CNY 3.033 billion in the first half of 2008, representing an increase of 84.8% from the comparable...

China's Broacasters Eyeing Telecoms Value-Added Business.
August 14, 2008... SHANGHAI, August 15, SinoCast -- China's broadcast and television networks operators are casting their eyes on the broadband services when the nation's fixed-line telecommunications operators are busy with their long-expected industry...

Ctrip Net Profits Up 35%.
August 14, 2008... SHENZHEN, August 15, SinoCast -- Ctrip.com, a leading online traveling website in China, released its second-quarter result ended June 30, 2008, saying it recorded sales of CNY 375 million in the second quarter of 2008, representing an...

China Unicom to Input CNY100bn in Mobile Business in 2Yrs.
August 14, 2008... BEIJING, August 15, SinoCast -- China United Telecommunications Ltd. (China Unicom, NYSE: CHU, SEHK: 0762 and SHSE: 600050) plans to input CNY 100 billion in wireless and mobile business from 2009 to 2010. On August 13, 2008, China Unicom...

351 Gome Stores to Be Listed in Mainland China.
August 14, 2008... DONGGUAN, August 15, SinoCast -- Beijing Centergate Technologies (Holding) Co., Ltd. (SZSE: 000931) was forced by Chinese regulators to suspend share trading on the Shenzhen Stock Exchange from August 12, 2008. The trading suspension...

Chinese Imprinter Manufacturers to See Industry Downturn.
August 13, 2008... BEIJING, August 14, SinoCast -- China's printing press manufacturing is undergoing an industry downturn which would last for two or three years, forecasted Shanghai Electric Group Company Ltd. (SEHK: 2727), one of the two biggest printing...

R&D: Magic Weapon for Huawei.
August 13, 2008... SHENZHEN, August 14, SinoCast -- Huawei Technologies Co., Ltd. has submitted 29,666 patent applications by June 2008, taking the lead among all Chinese patent applicants for the sixth year. The Shenzhen-based telecommunications solution...

MII to Normalize Counterfeit Mobile Phones.
August 13, 2008... SHENZHEN, August 14, SinoCast -- The Chinese government plans to normalize counterfeit mobile phone producers through a string of policies. As one measure, the South China Mobile Phone Testing Center under the China Academy of...

Amtran Technology to Set up Joint Venture in Suzhou.
August 13, 2008... SUZHOU, August 14, SinoCast -- Taiwan-based IT giant Amtran Technology is in talks with South Korea-based LG Display, the second largest LCD panel maker in the world, about setting up a joint venture in Suzhou, Jiangsu province, China. ...

The9 Posted Second-quarter Result.
August 11, 2008... SHENZHEN, August 12, SinoCast -- The9 Limited, a leading online game vendor in China, posted its second-quarter result on August 10, saying it recorded net sales of CNY 455.1 million in the second quarter of 2008, representing an increase of...

Mobile Phone Terminals Enter Wi-Fi Era.
August 11, 2008... BEIJING, August 12, SinoCast -- To businessmen who have been accustomed to mobile office, what they care is where there are hotspots, namely, the places where free-to-use or charged Wi-Fi services are provided, and wireless network access...

Changhong Electric to Launch TV with Home-made PDP in Aug.
August 11, 2008... MIANYANG, August 12, SinoCast -- China's first TV applied with China-made plasma display panel (PDP) will come into the market in August 2008. Sichuan Changhong Electric Co., Ltd. (SHSE: 600839) announced on July 22, 2008 that its PDP...

Hisense Doing Its Utmost to Research TD Technologies.
August 11, 2008... SHENZHEN, August 12, SinoCast -- Hisense Communications Company Limited, a cell phone maker under Hisense Group, said lately that it would add more researchers for development of basic technologies of TD terminals. Moreover, it planned to use...

Amoi Electronics Faces Share Trading Suspension.
August 11, 2008... XIAMEN, August 12, SinoCast -- Chinese regulators may ban Amoi Electronics Co. Ltd. (SHSE: 600057) from continuing share trading on the Shanghai Stock Exchange in 2009, sinking the Chinese telecoms equipment provider into a tougher struggle...

A8 Music Seeking New Growing Points.
August 8, 2008... SHENZHEN, August 11, SinoCast -- The after-listing strategy of A8 Digital Music Holdings Limited (00800.HK) shows that it will seek takeover targets that are in line with its development direction in an effort to find new growing points...

CCTV.com Accused Xunlei.com of Copyright Violation.
August 8, 2008... SHANGHAI, August 11, SinoCast -- CCTV.com, the exclusive official Internet and mobile phone broadcaster of the 2008 Beijing Olympic Games, has sued Shenzhen-based download accelerator and peer-to-peer (P2P) file sharing service provider...

Chinese Proprietary Plasma TV Screens Are Rolled Out.
August 8, 2008... NANJING, August 11, SinoCast -- Chinese TV set technology developer Nanjing Huaxian High-tech Limited Company completed the production of its first batch of plasma TV screens days ago, citing a report. The event coincided with some...

Shenzhen Mobile Phone Firms Snatch Western Market.
August 8, 2008... CHENGDU, August 11, SinoCast -- Shenzhen mobile phone companies have teamed up to grasp 3G business opportunities in Western China, particularly, Chengdu, the capital of Sichuan Province. Recently, a 3G Strategy Summit Forum was held in...

51job Announced Second-quarter Results.
August 7, 2008... SHENZHEN, August 11, SinoCast -- 51job.com, the bellwether of China's online recruitment industry, announced on August 7 its second-quarter results. It recorded total sales of CNY 218.7 million in the second quarter of 2008, representing...

Dingcheng Media Said to Mull Nasdaq Listing.
August 7, 2008... BEIJING, August 08, SinoCast -- Beijing Dingcheng Media Co., Ltd. will kick off another round of fundraising to lure more than USD 50 million in the near future, revealed Li Ping, chief operating officer (COO) for the outdoor media company on...

Letv.com Wins CNY52mn Investment.
August 7, 2008... BEIJING, August 08, SinoCast -- Letv.com won an investment of CNY 52 million not long ago after its profitable year 2007, according to a latest announcement by the Beijing-based online video provider. The investors are three Chinese...

Sina Posts Q2 Result.
August 7, 2008... SHENZHEN, August 08, SinoCast -- Sina.com Inc unveiled its second quarter earnings on August 7. For the second quarter of 2008, Sina reported total revenues of USD91.3 million, representing a 53% increase from the same period last year and a...

Beijing Spends CNY1.6bn Building Wireless City.
August 7, 2008... BEIJING, August 08, SinoCast -- Ten Chinese cities are to be built into wireless cities, including municipalities like Beijing, Tianjin, and Shanghai, provincial capitals like Nanjing, Hangzhou, Wuhan, and Guangzhou, as well as Qingdao,...

Lenovo Ventures into Mini Laptop Market.
August 6, 2008... SHENZHEN, August 08, SinoCast -- Lenovo, the third largest PC maker in the world, came up with two models of mini notebook computers Ideapad S9 and Ideapad S10 in Taiwan. Ideapad is a sub-brand of Lenovo designed especially for the consumer...

CFGC Launched Production Base in Huairou, Beijing.
August 6, 2008... BEIJING, August 07, SinoCast -- China Film Group Digital Film Production Base was inaugurated in the northeast of Beijing recently, paving the way for state-owned film producer China Film Group Corporation (CFGC) to go public. Located in...

Foreign Panel TV Producers Further Invade China.
August 6, 2008... BEIJING, August 07, SinoCast -- Although the Chinese government repeatedly emphasizes the long-term force of the 2008 Olympic Games on the country's economy, most merchants take the games as a best opportunity for short-term expansion. The...

China Unicom Comes with CDMA Asset Transfer Plan.
August 6, 2008... SHENZHEN, August 07, SinoCast -- Insiders close to China Telecom disclose that the telecom carrier will take over half of base stations and sales outlets of China Unicom under an agreement. China Unicom will transfer more than 30,000 CDMA...

Sunwave Communications Brewing Further Issue.
August 6, 2008... ZHEJIANG, August 07, SinoCast -- As Chinese telecom regulators are putting the final touch on the telecom industry restructuring, telecom equipment makers are seeing big orders. In face of the huge opportunities, telecom equipment...

UFIDA Net Profit Dropped 25.12% in H1.
August 6, 2008... BEIJING, August 07, SinoCast -- UFIDA Software Co., Ltd. (SHSE: 600588) gained CNY 112 million or CNY 0.24 per share of net profit in the first six months of 2008, dropping 25.12% from a year earlier. In the period, the software...

China Telecom Speeds up Asset Delivery with China Unicom.
August 5, 2008... SHENZHEN, August 06, SinoCast -- China Unicom lately finalized that it would transfer 40% of its employees of the CDMA departments in ten northern provinces and municipalities to China Telecom. And for other provinces, the proportion is...

Counterfeit Producers Eyeing CMMB Market.
August 5, 2008... SHENZHEN, August 06, SinoCast -- On August 3, 2008, reporters saw a model of counterfeit mobile phone that supports China Mobile Multimedia Broadcasting (CMMB) mobile TV functions at the Gaokede Digital Plaza, Huaqiangbei, Shenzhen, an...

Nokia's Markdown Threatening Chinese Mobile Phone Makers.
August 5, 2008... BEIJING, August 06, SinoCast -- Surviving mobile phone makers in China are getting involved in a battle for a larger gross profit shortly after Finland-based mobile phone giant Nokia Corporation (NYSE: NOK) took a price-cutting policy. ...

Sanyo Electric Eyes Expansion in Chinese Market.
August 5, 2008... BEIJING, August 06, SinoCast -- Japanese electric manufacturer Sanyo Electric Co., Ltd. (TYO: 6764) is enhancing its expansion in China with more commercial and civil products. Hefei Rongshida Sanyo Electric Co., Ltd. (SHSE: 600983), with...

SMIC Prospect Looks Bleak.
August 4, 2008... SHANGHAI, August 06, SinoCast -- Standard Poor's lately reported that the lower price/book value ratio and price to sales ratio of Shanghai-based chip maker SMIC reflect its ailing performance and worse position in the industry. The outlook...