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SOFN
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I am buying and have bought SOFN...This company provides broadband internet access but is no 1 trick pony...SOFN has 3 main areas that it uses to provide access...ISP Channel a cable line exurban broadband internet access...Intellicom a Satellite based broadband...SoftNet Zone access for those business travelers on the move....Pacific Century CyberWorks Limited (PCCW)and SOFN started a 50/50 joint venture, Pacific Century SoftNet that targets Asia as well...PCCW paid US$129 million for five million shares of SoftNet common stock, becoming SoftNet's largest shareholder...With the WTO allowing relations with China this is a bonanza for SOFN....In addition to PCCW, SOFN also partners with names such as DAL, CSCO, NOK, CMGI, and CPQ...
5/23/00
downdraft from the CHLO delay of their offering June 7th http://cbs.marketwatch.com/archive/20000607/news/current/ipo_rep.htx?symb=CHLO&s id=178262&source=blq/yhoo ...Since there has been no new date for the CHLO ipo http://www2.marketwatch.com/quotes/articles.asp?symb=UPCOY&sid=130129&source=blq /yhoo&guid={F368B326-F130-4D54-9A77-E7E32CC5EB17} SOFN has unfarely suffered...As an aside to the CHLO delay I did note that MSFT took a bigger stake in UPCOY CHLOs parent company- IMO there is more than just market conditions to the delay-
6/19/00
I think that there is a lot of excess profit in semiconductor stocks right now?It may be wise to take some of those profits off the table and bring them into the high speed internet access area now?Chipmakers have benefited from pricing pressure as pent up demand following Y2K?Box makers lost their inventories in the 1st Q as the held back buying cleared out the pipeline?In the 2nd Q these boxmakers ordered to restock supplies thus keeping production high for chips as well as costs?Given the slowdown in consumer spending there is no way that this ?perfect situation? can maintain itself?The attention given in the past couple of days to streaming media gives further impetus to the need for broadband access to all customers of the internet?IMO Broadband is the next Mo-Mo!
6/23/00
MSFT has finally announced its long term strategy of selling software on the net...Smells like ORCL to me...In order to use this strategy to individual customers widespread Broadband access will be necessary...I mentioned before that I thought it more than coincidence that the CHLO ipo was put off and MSFT increased its stake in the parent...I still think that MSFT will be on a buying binge on Broadband access companies...More later
6/23/00
Wireless stocks also too high in price...The rollout of Vizzazi the European wireless portal was rather disappointing IMO. Europe clearly leads the US in wireless services and useage, namely because the implementation if a wireless network in Europe was cheaper than re-hardwiring the continent. Because of the broad usage of wireless in Europe their products are more sophisticated than that we find here in the US. The rollout of Vizzazi was to be the wireless version of the internet and challenge the current established traditional internet portals. Given the wide spread popularity of wireless in Europe it was expected to be the ?NEW? internet model. Of course being wireless it would be a threat to the current internet portals like AOL Europe if it was comparable.
6/23/00
Bill Gates and John Malone set their sites on broadband in Japan...http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3A9B2GY9C&live=tr ue&tagid=ZZZLZDL1B0C&subheading=media%20&%20entertainment
From the article: "The consolidation has already begun. Last week, it emerged that Pacific Century CyberWorks, the Hong Kong-based internet company headed by Richard Li, had agreed to invest �1.5bn ($14.14m) in Tomen Mediacom, a Japanese cable operator, in order to roll out its Network of the World interactive TV service."
6/27/00
AT&T reportedly has looked at spinning off the long-distance unit, in order to sell it in whole, or in part, to another company? But the Financial Times reported that the company is thought to favor a long-distance tracking stock that it would distribute to existing shareholders, a move that would not require it to cede control of the unit to another party?This is because the company sees that the future is cable broadband?IMO the spin off of AWE was also because the growth in wireless is going to be limited going forward?As I had pointed out before the cost for 3G is going to be prohibitive and the debut of Vizzazi the European wireless portal was a disappointment?MER and Henry Blodget are pounding the table on AMZN comparing it to AOL but the bond situation leaves current shareholders far too diluted and the risk reward is limited?GSCO is doing likewise with the wireless sector but there we feel that as previously stated there is not much room for movement to the upside and that is just a trading play and not a current strong investment area?We still think the value is forms of broadband?get there first?Today T is ringing in with their opinion as well?
6/30/00
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