> On Nov 2, 9:12 pm, shawn <slimshadyw...@gmail.com> wrote:

> > 陔恓堤唳軞扰楷堤籵眭ㄛ笝砦▲藹忤岍賜◎(尥腔堈涽)机蠶ㄛ豖隙壽衾竘輛堤唳▲藹忤岍賜◎腔扠﹝籵眭猁ㄛ厙眳眢鼠侗蕾撈礿砦峊寞俴峈ㄛ壁淏渣昫ㄛ
> > 礿砦彶煤睿陔梖瘍蛁聊﹝陔恓堤唳軞扰蔚弝甡楊勤釬堤眈茼腔俴淉揭楠ㄛ婦嬤礿砦誑薊厙諉督昢﹝

> > ﹛﹛陔恓堤唳軞扰眈壽蛹孮豢咂暮氪ㄛ婓勤厙眳眢鼠侗扠測燴堍茠噫俋翍釬忨腔厙釐蚔牁▲藹忤岍賜◎腔机蠶徹最笢ㄛ陔恓堤唳軞扰蕉藉善蜆蚔牁堍茠
> > 測燴蛌遙徹最笢衄湮講杅擂剒猁忯燴ㄛ峈悵誘俙模腔旯瞳祔祥忳囷漲ㄛ埰勍厙眳眢鼠侗婓勤祥謎囀輛俴党蜊腔肮奀赻7堎30輛俴囀窒聆彸ㄛ笭萸岆勤俙
> > 模婓蚔牁笢腔跪笱杅擂輛俴衄虴閥葩ㄛ肮奀隴猁囀聆潔祥腕彶煤睿枑鼎陔梖瘍腔蛁聊﹝厙眳眢鼠侗勤森桶尨俇諉忳睿硒俴﹝

> > ﹛﹛筍岆厙眳眢鼠侗婓帤冪陔恓堤唳軞扰机蠶肮砩腔錶狟ㄛ衾9堎19卍赻彶煤甜枑鼎陔梖瘍蛁聊腔俴峈ㄛ眒冪婖傖岈妗奻腔鼠羲堍茠督昢ㄛ旆笭峊毀賸弊模
> > 壽衾厙釐蚔牁奻厙剕冪陔恓堤唳軞扰离机蠶睿噫俋翍釬忨腔誑薊厙蚔牁釬剕冪陔恓堤唳軞扰机蠶腔寞隅﹝峈森ㄛ陔恓堤唳軞扰楷堤籵眭ㄛ樵隅笝砦
> > ▲藹忤岍賜◎(尥腔堈涽)机蠶ㄛ豖隙扠﹝

> > ﹛﹛蜇ㄩ陔恓堤唳軞扰笝砦▲藹忤岍賜◎ㄗ尥腔堈涽ㄘ机蠶鼠豢

> > ﹛﹛ㄛ陔恓堤唳軞扰楷堤籵眭ㄛ笝砦▲藹忤岍賜◎ㄗ尥腔堈涽ㄘ机蠶ㄛ豖隙壽衾竘輛堤唳▲藹忤岍賜◎腔扠﹝
> > ﹛﹛婓勤厙眳眢鼠侗扠測燴堍茠噫俋翍釬忨腔厙釐蚔牁▲藹忤岍賜◎腔机蠶徹最笢ㄛ陔恓堤唳軞扰蕉藉善蜆蚔牁堍茠測燴蛌遙徹最笢衄湮講杅擂剒猁忯
> > 燴ㄛ峈悵誘俙模腔旯瞳祔祥忳囷漲ㄛ埰勍厙眳眢鼠侗婓勤祥謎囀輛俴党蜊腔肮奀赻7堎30輛俴囀窒聆彸ㄛ笭萸岆勤俙模婓蚔牁笢腔跪笱杅擂輛俴衄虴閥
> > 葩ㄛ肮奀隴猁囀聆潔祥腕彶煤睿枑鼎陔梖瘍腔蛁聊﹝厙眳眢鼠侗勤森桶尨俇諉忳睿硒俴﹝
> > ﹛﹛筍岆厙眳眢鼠侗婓帤冪陔恓堤唳軞扰机蠶肮砩腔錶狟ㄛ衾9堎19卍赻彶煤甜枑鼎陔梖瘍蛁聊腔俴峈ㄛ眒冪婖傖岈妗奻腔鼠羲堍茠督昢ㄛ旆笭峊毀賸弊模
> > 壽衾厙釐蚔牁奻厙剕冪陔恓堤唳軞扰离机蠶睿噫俋翍釬忨腔誑薊厙蚔牁釬剕冪陔恓堤唳軞扰机蠶腔寞隅﹝峈森ㄛ陔恓堤唳軞扰楷堤籵眭ㄛ樵隅笝砦
> > ▲藹忤岍賜◎ㄗ尥腔堈涽ㄘ机蠶ㄛ豖隙扠﹝
> > ﹛﹛籵眭肮奀猁ㄛ厙眳眢鼠侗蕾撈礿砦峊寞俴峈ㄛ壁淏渣昫ㄛ礿砦彶煤睿陔梖瘍蛁聊﹝陔恓堤唳軞扰蔚弝甡楊勤釬堤眈茼腔俴淉揭楠ㄛ婦嬤礿砦誑薊厙諉
> > 督昢﹝

> --------------------------------------------------------------------------- ­--------------------------------http://tech.sina.com.cn/i/2009-11-03/19063561473.shtml

> Nov 2nd, 2009. Mainfirst stated that the market overestimated the
> growth of the new 2D game Meng Huan Zhu Xian, which is a direct
> competitor to the company's Meng Huan Xi You; and underestimated the
> risk of government regulation.

> On Oct 29, 6:41 pm, miky toms <mtes...@gmail.com> wrote:

> > China heating up.... big internet users base.
> > see  http://www.uschinastocks.com/ all their stocks up huge.

> > thoughts?- Hide quoted text -

> - Show quoted text -

> ﹛﹛陔恓堤唳軞扰眈壽蛹孮豢咂暮氪ㄛ婓勤厙眳眢鼠侗扠測燴堍茠噫俋翍釬忨腔厙釐蚔牁▲藹忤岍賜◎腔机蠶徹最笢ㄛ陔恓堤唳軞扰蕉藉善蜆蚔牁堍茠
> 測燴蛌遙徹最笢衄湮講杅擂剒猁忯燴ㄛ峈悵誘俙模腔旯瞳祔祥忳囷漲ㄛ埰勍厙眳眢鼠侗婓勤祥謎囀輛俴党蜊腔肮奀赻7堎30輛俴囀窒聆彸ㄛ笭萸岆勤俙
> 模婓蚔牁笢腔跪笱杅擂輛俴衄虴閥葩ㄛ肮奀隴猁囀聆潔祥腕彶煤睿枑鼎陔梖瘍腔蛁聊﹝厙眳眢鼠侗勤森桶尨俇諉忳睿硒俴﹝

> ﹛﹛筍岆厙眳眢鼠侗婓帤冪陔恓堤唳軞扰机蠶肮砩腔錶狟ㄛ衾9堎19卍赻彶煤甜枑鼎陔梖瘍蛁聊腔俴峈ㄛ眒冪婖傖岈妗奻腔鼠羲堍茠督昢ㄛ旆笭峊毀賸弊模
> 壽衾厙釐蚔牁奻厙剕冪陔恓堤唳軞扰离机蠶睿噫俋翍釬忨腔誑薊厙蚔牁釬剕冪陔恓堤唳軞扰机蠶腔寞隅﹝峈森ㄛ陔恓堤唳軞扰楷堤籵眭ㄛ樵隅笝砦
> ▲藹忤岍賜◎(尥腔堈涽)机蠶ㄛ豖隙扠﹝

> ﹛﹛蜇ㄩ陔恓堤唳軞扰笝砦▲藹忤岍賜◎ㄗ尥腔堈涽ㄘ机蠶鼠豢

> ﹛﹛ㄛ陔恓堤唳軞扰楷堤籵眭ㄛ笝砦▲藹忤岍賜◎ㄗ尥腔堈涽ㄘ机蠶ㄛ豖隙壽衾竘輛堤唳▲藹忤岍賜◎腔扠﹝
> ﹛﹛婓勤厙眳眢鼠侗扠測燴堍茠噫俋翍釬忨腔厙釐蚔牁▲藹忤岍賜◎腔机蠶徹最笢ㄛ陔恓堤唳軞扰蕉藉善蜆蚔牁堍茠測燴蛌遙徹最笢衄湮講杅擂剒猁忯
> 燴ㄛ峈悵誘俙模腔旯瞳祔祥忳囷漲ㄛ埰勍厙眳眢鼠侗婓勤祥謎囀輛俴党蜊腔肮奀赻7堎30輛俴囀窒聆彸ㄛ笭萸岆勤俙模婓蚔牁笢腔跪笱杅擂輛俴衄虴閥
> 葩ㄛ肮奀隴猁囀聆潔祥腕彶煤睿枑鼎陔梖瘍腔蛁聊﹝厙眳眢鼠侗勤森桶尨俇諉忳睿硒俴﹝
> ﹛﹛筍岆厙眳眢鼠侗婓帤冪陔恓堤唳軞扰机蠶肮砩腔錶狟ㄛ衾9堎19卍赻彶煤甜枑鼎陔梖瘍蛁聊腔俴峈ㄛ眒冪婖傖岈妗奻腔鼠羲堍茠督昢ㄛ旆笭峊毀賸弊模
> 壽衾厙釐蚔牁奻厙剕冪陔恓堤唳軞扰离机蠶睿噫俋翍釬忨腔誑薊厙蚔牁釬剕冪陔恓堤唳軞扰机蠶腔寞隅﹝峈森ㄛ陔恓堤唳軞扰楷堤籵眭ㄛ樵隅笝砦
> ▲藹忤岍賜◎ㄗ尥腔堈涽ㄘ机蠶ㄛ豖隙扠﹝
> ﹛﹛籵眭肮奀猁ㄛ厙眳眢鼠侗蕾撈礿砦峊寞俴峈ㄛ壁淏渣昫ㄛ礿砦彶煤睿陔梖瘍蛁聊﹝陔恓堤唳軞扰蔚弝甡楊勤釬堤眈茼腔俴淉揭楠ㄛ婦嬤礿砦誑薊厙諉
> 督昢﹝

> thoughts?

> On Jul 7, 8:58 am, kdalli <kdallia...@innercite.com> wrote:

> > what happened??????????

> > On Jul 3, 12:57 pm, Lynch Stock <lynch.st...@gmail.com> wrote:

> > > Just went thru NTES’ annual filing.  It seems NTES is a good short.
> > > Rationale below.  Thoughts?

> > > 1.      Indefinitely delayed launch of WoW a disaster?
> > > (1)     Expectation of WoW was high as evidenced in the hike in NTES share
> > > price.
> > > (2)     Financial contribution of WoW to NTES probably marginal even
> > > without delay in launch given
> > > -       Winner’s curse in competitive bidding.  Another gaming co besides
> > > The9 and NTES was believed to be in the bid until final round.
> > > -       WoW a proven game in China and worldwide.
> > > (3)     WLK launch could be delayed significantly
> > > The approval for Burning Crusade, which is what NTES is apply for,
> > > could take 80 business days (20 for transfer plus 60 for content), not
> > > including time required for content change, or even longer if The9’s
> > > lawsuits are relevant.  Precedent is against NTES.  EA was sued in
> > > 2007 and approval of EA games were delayed for almost 2 years.  The9
> > > probably knows how to play this lawsuit game better than NTES/Blizzard
> > > as EA is a 15% owner of The9.  Furthermore, The9 might have a
> > > legitimate claim in WLK as, according to reports on the internet, The9
> > > localized WLK.  If that is the case, The9 might have localized Burning
> > > Crusade too.
> > > (4)     WoW gamers are flocking to Taiwan servers (to play WLK) and other
> > > games; WoW gamer unions crumbling.
> > > -       Granted, some WoW gamers are hardcore and they will return when NTES
> > > launches it.
> > > -       However, some of the gamers are playing WLK off of Taiwan servers.
> > > Discussions in internet forums suggest they are not interested in
> > > playing Burning Crusade, NTES’ initial launch, and by the time NTES
> > > launches WLK, they might be tired of WLK already.
> > > -       WoW gamers have been actively pursued by competitors.  Many WoW
> > > gamer unions dissembled as different gamers are already playing
> > > different games.

> > > 2.      FWJ (~70% of its gaming revenue) suffering, so is TX2
> > > (1)     FWJ merged servers dozens of times in 2nd quarter, not a good
> > > sign.
> > > (2)     On 6/9, FWJ experienced major bug that might have impacted the
> > > balance of the game.http://game.zol.com.cn/137/1371797.html
> > > (3)     FWJ servers and gamers were harassed by WoW gamers.http://www.yxnpc.com/2009-06-25/5JGP/05010279.html
> > > (4)     Launched in Jan, 2004, FWJ is aging.  LineKong hired 3000 people
> > > to promote its widely anticipated game, Hero, targeting FWJ gamers.
> > > Perfect World’s Fantasy Zhu Xian seems to be following suit as well.
> > > (5)     On 6/22, TX2 also suffered a major bug, causing servers down 9-30
> > > hours.http://games.qq.com/a/20090623/000371.htm
> > > (6)     Problems of FWJ and TX2 suggest NTES might be stretching its
> > > resources for WoW in sacrifice of existing games.

> > > 3.      Pipeline dependent on licensed games; disappointing self-developed
> > > games
> > > After FWJ in 2004, NTES is yet to develop an okay game.

> > > 4.      Insider sale, no share repurchase this year
> > > CEO sold a 1.6% stake (2M ADS) on 6/12/09.
> > > According to its annual report dated 6/30/09, NTES has not repurchased
> > > a single share this year even though it has a $100M share repurchase
> > > program in place 9/12/2008-9/11/2009.  NTES was as low as $17 in Jan
> > > 09.

> > > 5.      Valuation one of the highest in the industry, share price almost
> > > all-time high

> > > Am I missing anything?

> On Jul 3, 12:57 pm, Lynch Stock <lynch.st...@gmail.com> wrote:

> > Just went thru NTES’ annual filing.  It seems NTES is a good short.
> > Rationale below.  Thoughts?

> > 1.      Indefinitely delayed launch of WoW a disaster?
> > (1)     Expectation of WoW was high as evidenced in the hike in NTES share
> > price.
> > (2)     Financial contribution of WoW to NTES probably marginal even
> > without delay in launch given
> > -       Winner’s curse in competitive bidding.  Another gaming co besides
> > The9 and NTES was believed to be in the bid until final round.
> > -       WoW a proven game in China and worldwide.
> > (3)     WLK launch could be delayed significantly
> > The approval for Burning Crusade, which is what NTES is apply for,
> > could take 80 business days (20 for transfer plus 60 for content), not
> > including time required for content change, or even longer if The9’s
> > lawsuits are relevant.  Precedent is against NTES.  EA was sued in
> > 2007 and approval of EA games were delayed for almost 2 years.  The9
> > probably knows how to play this lawsuit game better than NTES/Blizzard
> > as EA is a 15% owner of The9.  Furthermore, The9 might have a
> > legitimate claim in WLK as, according to reports on the internet, The9
> > localized WLK.  If that is the case, The9 might have localized Burning
> > Crusade too.
> > (4)     WoW gamers are flocking to Taiwan servers (to play WLK) and other
> > games; WoW gamer unions crumbling.
> > -       Granted, some WoW gamers are hardcore and they will return when NTES
> > launches it.
> > -       However, some of the gamers are playing WLK off of Taiwan servers.
> > Discussions in internet forums suggest they are not interested in
> > playing Burning Crusade, NTES’ initial launch, and by the time NTES
> > launches WLK, they might be tired of WLK already.
> > -       WoW gamers have been actively pursued by competitors.  Many WoW
> > gamer unions dissembled as different gamers are already playing
> > different games.

> > 2.      FWJ (~70% of its gaming revenue) suffering, so is TX2
> > (1)     FWJ merged servers dozens of times in 2nd quarter, not a good
> > sign.
> > (2)     On 6/9, FWJ experienced major bug that might have impacted the
> > balance of the game.http://game.zol.com.cn/137/1371797.html
> > (3)     FWJ servers and gamers were harassed by WoW gamers.http://www.yxnpc.com/2009-06-25/5JGP/05010279.html
> > (4)     Launched in Jan, 2004, FWJ is aging.  LineKong hired 3000 people
> > to promote its widely anticipated game, Hero, targeting FWJ gamers.
> > Perfect World’s Fantasy Zhu Xian seems to be following suit as well.
> > (5)     On 6/22, TX2 also suffered a major bug, causing servers down 9-30
> > hours.http://games.qq.com/a/20090623/000371.htm
> > (6)     Problems of FWJ and TX2 suggest NTES might be stretching its
> > resources for WoW in sacrifice of existing games.

> > 3.      Pipeline dependent on licensed games; disappointing self-developed
> > games
> > After FWJ in 2004, NTES is yet to develop an okay game.

> > 4.      Insider sale, no share repurchase this year
> > CEO sold a 1.6% stake (2M ADS) on 6/12/09.
> > According to its annual report dated 6/30/09, NTES has not repurchased
> > a single share this year even though it has a $100M share repurchase
> > program in place 9/12/2008-9/11/2009.  NTES was as low as $17 in Jan
> > 09.

> > 5.      Valuation one of the highest in the industry, share price almost
> > all-time high

> > Am I missing anything?

> 1.      Indefinitely delayed launch of WoW a disaster?
> (1)     Expectation of WoW was high as evidenced in the hike in NTES share
> price.
> (2)     Financial contribution of WoW to NTES probably marginal even
> without delay in launch given
> -       Winner’s curse in competitive bidding.  Another gaming co besides
> The9 and NTES was believed to be in the bid until final round.
> -       WoW a proven game in China and worldwide.
> (3)     WLK launch could be delayed significantly
> The approval for Burning Crusade, which is what NTES is apply for,
> could take 80 business days (20 for transfer plus 60 for content), not
> including time required for content change, or even longer if The9’s
> lawsuits are relevant.  Precedent is against NTES.  EA was sued in
> 2007 and approval of EA games were delayed for almost 2 years.  The9
> probably knows how to play this lawsuit game better than NTES/Blizzard
> as EA is a 15% owner of The9.  Furthermore, The9 might have a
> legitimate claim in WLK as, according to reports on the internet, The9
> localized WLK.  If that is the case, The9 might have localized Burning
> Crusade too.
> (4)     WoW gamers are flocking to Taiwan servers (to play WLK) and other
> games; WoW gamer unions crumbling.
> -       Granted, some WoW gamers are hardcore and they will return when NTES
> launches it.
> -       However, some of the gamers are playing WLK off of Taiwan servers.
> Discussions in internet forums suggest they are not interested in
> playing Burning Crusade, NTES’ initial launch, and by the time NTES
> launches WLK, they might be tired of WLK already.
> -       WoW gamers have been actively pursued by competitors.  Many WoW
> gamer unions dissembled as different gamers are already playing
> different games.

> 2.      FWJ (~70% of its gaming revenue) suffering, so is TX2
> (1)     FWJ merged servers dozens of times in 2nd quarter, not a good
> sign.
> (2)     On 6/9, FWJ experienced major bug that might have impacted the
> balance of the game.http://game.zol.com.cn/137/1371797.html
> (3)     FWJ servers and gamers were harassed by WoW gamers.http://www.yxnpc.com/2009-06-25/5JGP/05010279.html
> (4)     Launched in Jan, 2004, FWJ is aging.  LineKong hired 3000 people
> to promote its widely anticipated game, Hero, targeting FWJ gamers.
> Perfect World’s Fantasy Zhu Xian seems to be following suit as well.
> (5)     On 6/22, TX2 also suffered a major bug, causing servers down 9-30
> hours.http://games.qq.com/a/20090623/000371.htm
> (6)     Problems of FWJ and TX2 suggest NTES might be stretching its
> resources for WoW in sacrifice of existing games.

> 3.      Pipeline dependent on licensed games; disappointing self-developed
> games
> After FWJ in 2004, NTES is yet to develop an okay game.

> 4.      Insider sale, no share repurchase this year
> CEO sold a 1.6% stake (2M ADS) on 6/12/09.
> According to its annual report dated 6/30/09, NTES has not repurchased
> a single share this year even though it has a $100M share repurchase
> program in place 9/12/2008-9/11/2009.  NTES was as low as $17 in Jan
> 09.

> 5.      Valuation one of the highest in the industry, share price almost
> all-time high

> Am I missing anything?