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Asian Rim could be gold for wireless companies
Online Stock Market Trading With global markets all looking towards Asia as the next big gold strike in e-commerce, businesses are already mining that opportunity.
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Stock Investing Game November 11, 2003 (AXcess News) - Tokyo - With global markets all looking towards Asia as the next big gold strike in e-commerce, businesses are already mining that opportunity. Some are pouring cash and technology into partnerships in China hoping to cash in while others are already banking on sales.
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Journal Prime Rate Street Wall NEC Corporation (Nasdaq: NIPNY) just announced a joint venture with one of the largest LCD manufacturers and marketing companies in Shanghai China, SVA (Group) Co., Ltd., whose knowledge of that market was NEC's best bet, investing hundreds of millions of dollars for a 25% stake in the new business venture.
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Stock Market News China has close to an estimated 250 million potential customers when it comes to technology offerings according to Piper Jaffray's Internet Analyst, Safa Rashtchy.
Stock Investing Basics Rashtchy told Axcess News, "The wireless models that make money are in China."
Stock Investing Software Oracle (NASDAQ: ORCL) announced the official inauguration of its China Business Development Unit in Shanghai which will be fully dedicated to supporting Japanese Owned Companies (JOCs) as they rapidly extend their businesses to China.
Stock Market Trading One the most heavily advancing markets in China is satellite television. China will switch its cable television broadcasting to digital technology by 2010 and phase out analog broadcasts altogether by 2015, an official report said on Tuesday.
Stock Investing For Dummy While broadcasting moves to deliver digital in the future, MB Technology, Inc. (OTCBB: MBTT) is already cashing in, having booked a $6 million dollar order for its new proprietary Flat Antenna system from Eastech, a leading distributor of satellite electronics and components to the commercial and consumer electronics markets in Japan.
Stock Market Crash MB Technologies, Inc., a Korean electronic component manufacturer, entered the North American market through a public company merger in June 2003 and hit the ground running ever since.
Stock Investing Tip The primary product MB Tech produces is ``LNB'' electronic diodes, which are the essential element enabling DBS satellites to receive and convert satellite transmission signals. Shortly after completing its public company merger MBTT announced a contract for $1,640,000 dollars from a European buyer for its single and universal type LNB's. MBTT is to deliver 70,000 units of each type under the agreement announced June 24th.
Stock Market Chart Since June the satellite component manufacturer has completed the development of its flat panel antenna for wireless satellite applications, which prompted the order from Japan's Eastech.
Online Stock Investing Today marked another milestone for MB Tech when the company announced that it has completed production prototypes for specific global DBS service providers designed around the Company's model MFDA-350 Auto Positioning Flat Antenna.
Stock Market Crash Of The new models were developed specifically for major service providers in North America and Europe, including DirecTV, Astra, Bell and Sky, according to MB Tech's announcement.
Stock Investing For Beginner Communications equipment companies like APT Satellite Holdings Ltd (NYSE: ATS), Gilat Satellite Networks LTD (NASDAQ: GILTF) as well as global satellite service companies like Indonesian Satellite Corporation (NYSE: IIT) and New Skies (NYSE: NSK) could well be targets for MBTT's newest product lines.
Finance Journal Personal While the company's financial statement reflects a business steeped in research and develop, its recent sales levels are good indications of a surviving business. Many of MB Technology, Inc. moves have been focused on real-time market demands verses other Asian Rim entrants who are throwing cash at their futures hoping to win solid market share. MBTT seems to selling first and taking no partners and getting the orders to support that tactic.
Stock Market Report Shares of MBTT closed up Tuesday 16.67% to end the session at $0.70 on volume of 240,955 shares. Average volume was reported to be 197,784 shares. The company was added to AXcess News Stock Guide column on the close of trading Tuesday following MB Tech's announcement.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.
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