|
Total: (36) Page (3 of 4)
|
 hongkong.com's recent laid off
Written by Pinne from Hong Kong on 8/22/2000
|
| The layoffs came at a time when things appeared to be on the upside for hongkong.com. The company recently reported promising second quarter financial results, and boasted a war chest that holds an impressive HK$1.2 billion in cash. But investors are probably putting the heat on hongkong.com and chinadotcom to deliver on the promise to become profitable by next month. |
 |
My view to hongkong.com's recent laid off.
Written by Zen from Hong Kong on 8/21/2000
|
| hongkong.com should also cut all other unnecessary expenses before they cut down headcounts, including annual bonuses. That's why stock options are such a great incentives for management from the shareholders'point of view because it's never touch the cash position of the company and their values are tied to the performance of the stocks which in turns depends on whether the company makes money or not. |
|
Bad vision and wrong planning...
Written by Zen from Hong Kong on 8/20/2000
|
| The hongkong.com management must have bad vision and wrong planning, together with many other dotcoms too. But remember decisions were being made assuming that money will come in fast. No body would ever argue that IT people were expensive that time including yourself. That's MARKET. Their roles are not trying to please you and/or the employees, they have to make sure that their operation is a business which makes money or going to make money. |
|
The investment weather has changed.
Written by Zen from Hong Kong on 8/20/2000
|
| Alot of the dot-coms started up assuming money will soon come in quick thr shares placement or listing in the capital markets.
Now the investment weather has changed. So it is not a bad management to laid off staffs. It is indeed a GOOD management in a bad situation. For the top management guys, even if you think you cannot raise money for the next round, do think about this policy. |
|
It's time to think again!
Written by Rema from Hong Kong on 8/19/2000
|
| After today's announcement that hongkong.com laid off 40 people, I think more and more people should think again about what dot-com really bring to us and where should we go from here. Btw, hongkong.com isn't bad in terms of content, it's just their burning rate is high. |
|
Living under the shadow
Written by Freddic Liu from Hong Kong on 8/13/2000
|
| I note that hongkong.com's ultimate owner is china.com which is list on Nasdaq and there are some strong strategic investors behind this. |
|
Hongkong.com Resorts to Good Old Smoke-and-Mirror Tricks
Written by Shane Abrahams from Hong Kong on 8/12/2000
|
| "The company's net profit was due to increasing business opportunities generated by its unrivaled brand recognition; its continuous efforts in exercising financial discipline and managing its investment income."
Sounds impressive, huh?
Not really. A closer look shows that the company has HK$1.2 billion in reserve. In other words, it hasn't spent most of the money it raised from its IPO. Which in turn raises the question: Why bother listing?
|
|
Counting the interests as revenue!
Written by J.C. from Hong Kong on 8/12/2000
|
| Hongkong.com announced their revenue has recorded HK$2.66 millions, looks positive and nice. However, The HK$2.66 millions is all the interest from it’s 12 billions cash deposit in the bank. Hongkong.com couldn’t make a cent from its core business (content). Being one of the leading ICP in greater China region, this is very disappointed. |
|
Not showing performance gain!
Written by James Martin Dillion from Hong Kong on 6/25/2000
|
| After several months of IPO, hongkong.com is really struggling now to get back to the top position in ICP section. Not to mention it’s stock price has devalued over 90% and many leading team player has left the company. |
|
Portal
Written by Sunny from Hong Kong on 5/31/2000
|
| Limited informations and contents coming from a listed portal. |
|
|
|
- Update Within 7 Days
- Update Within 14 Days
- Update Within 21 Days
- Newly Added Site
- Recommend Site
- Our Sponsors