China stock caught up in excitement of WTO

Article Abstract:

The stock value of obscure, Hong Kong-based apartment developer China Prosperity appreciated from $1 a share to as much as $80 a share before settling at roughly $32 in the wake of the euphoria in Wall Street over China's acceptance into the World Trade Organization. Yet the firm reported an operating loss of $7.9 million on revenues of $50.9 million in 1998. Furthermore, China's entry into the WTO can theoretically still be prevented. This indicates that the excitement in the stock market over China's WTO membership might be getting out of hand.

Land Subdivision and Land Development, Sales, profits & dividends, Hong Kong, Apartment Developers, China Prosperity

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NVidia employee charged with insider trading

Article Abstract:

Manu Shrivastava, a former employee of nVidia has been accused of engaging in insider trading. He faces civil and criminal insider-trading charges which have allegedly made for him $446,724 in March. His advance knowledge that nVidia has been awarded by Microsoft with a contract to make graphics cards for Microsoft's X-Box video game was behind his move to buy 100 option contracts. The case comes as a wake-up call for Silicon Valley companies to be extra careful in keeping things quiet.

United States, Legal issues & crime, Graphics software, nVidia

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AOL Latin America makes weak debut

Article Abstract:

The initial public offering of America Online Latin America proved to be a disappointment as stock prices only reached a high of $8.44. This was seen to be a weak entry because the initial price of the shares had been slashed to $8 from between $15 and $17. Investors shunned the IPO despite Latin America's projected 41% per year Internet access growth. Problems foreseen are collection problems with customers and the popularity of free Internet access.

Organizational history, Latin America, Internet service providers, America Online Latin America Inc.

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