Yesterday, the wave of information, the wave of software will soon be opening straight daily limit. And their sister company listed in Hong Kong The recent wave of performance is even more staggering: nearly a month, the wave of international dollar rose from 0.36 to 0.96 Hong Kong dollars, or up to 1.67 times. Corps scrambling behind the wave, is Microsoft's recently released 25 million U.S. dollars investment will be the wave of international news.
Last Friday, the tide in Hong Kong GEM International, announced June 30, 2005 and Microsoft entered into a non-binding memorandum of understanding, Microsoft may invest 25 million U.S. dollars to the wave of the proposed investment may involve the whole wave of international distribution The new convertible securities (with voting rights). Therefore, the wave of international, said Microsoft is likely to become its shareholders, does not rule out the possibility of Microsoft's next general offer.
Wave of opportunity?
Wave with Microsoft, did not begin last week that the announcement, the two sides in the areas of the server has been extensive cooperation, and on November 9 last year, Microsoft also signed a global strategy with the wave group memorandum of cooperation for both sides further co-operation began.
However, with the introduction of the latest agreement, the industry seems to focus more attention to another: the wave of international trade, mainly hardware-based industry, and the wave of the main assets of the Group focused on the wave of the wave of information and software, why is Microsoft's choice and wave of wave of international cooperation rather than software? "If Microsoft's success in domestic listed companies to the injection, then the greater significance." Hui Yu Lun GF Securities researcher commented.
In this regard, the experts believe that, do not rule out Microsoft's next phase with the wave of domestic listed companies the possibility of cooperation, the same time, foreign shares in the share reform of the existing problems and may cause Microsoft's recent cooperation with certain obstacles.
"Another point worth noting is that Microsoft has signed with the wave of international, is 'not binding' memorandum of understanding. The current wave of international equity must also focus on the issue of over-investigation, if the survey problems, then The final agreement is still unable to perform. "Hong Kong Tai Fook Securities Liangwei Pei pointed out that the agreement would be finalized, at least 2-3 months, then, to understand the specific content of this cooperation both parties and the international wave of Microsoft's choice rather than the wave group the accuracy of the other two listed companies intent.
The wave of software securities are also in an interview that the current wave of software and Microsoft just signed a framework agreement on the way forward is unclear also whether the next wave of software for Microsoft to start substantive cooperation in this issue, the person said is unclear.
Microsoft's ambitions
On the wave, the benefits of cooperation with Microsoft is obvious: to strengthen the technical and management aspects of their core competencies, enhance market power, and strive to make a difference in the high-end market, to reverse the current decline in sales and profits adverse situation. For Microsoft, the great potential of Chinese market is its been long for, companies such as Microsoft and Powerise technology cooperation embody the strategic intent.
"Microsoft is entering the Chinese market in the process of participation in national governments, enterprises and institutions bid, it will encounter a lot of resistance, therefore, with the interests of the domestic software vendors tied together to promote the Chinese language software, and development of industry applications on the Microsoft platform Microsoft is developing software to become an inevitable choice for the domestic market. "First Securities analyst, said high.
Hui Yu Lun, according to the analysis, to promote its. NET platform is Microsoft's collaboration with a number of domestic software enterprises in one of the purposes.
Twists and turns before the road sector
Whether this cooperation can ultimately achieve, the wave of hope to cooperate with Microsoft's urgent feeling, to some extent reflects the current dilemma facing the software industry.
Statistics show that China's software industry to maintain rapid growth for 8 consecutive years, the main driving factors in China's information technology from the world average level and the huge gap between the causes of tension, but as the sales of China's software industry accounted for the proportion of GDP in 2004 close to 2% by the end of the software industry growth rate began to fall.
Guoxin Securities analyst Wang more that the computer industry, software companies, the explosive growth the number of severely diluted the software enterprise sales, operating profits of software companies is the most important factor in the decline. From 2000 to 2004, the number of software enterprises in China to grow to 10,300 by the 1359, the annual compound growth rate of 150%, sales of software companies seriously diluted.
In this context, the software company's recent performance is not satisfactory. To lead the UF software industry, for example, although revenue is likely to remain more than 20% growth, but its subsidiary, earnings growth is still likely to be the biggest problem, corporate earnings will slow.
At the same time, the software industry's future growth more --- software outsourcing this business, most analysts believe that, although compared with India, China, the gap is still large, but future growth can be expected. "In the 15 software planning, software exports is the only indicator not completed, so the software industry, the competent authorities regarded this issue on the agenda, will give its full attention, this should be every software company can take a good opportunity. "Hui Yu Lun said.