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Netease.com, Not All Chinese Web Stocks Created Equal (NTES)
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Just when you think that all Chinese Internet and communications stocks only go up, you get to see Netease.com, Inc. (NASDAQ:NTES) fall by more than 10% after an earnings report. Third quarter profits fell to an equivalent of $0.27 EPS on revenues of $76.2 million. First Call had analyst estimates at $0.29 EPS on $72 million in revenues.
Shares closed down 2.6% after-hours at $22.28, but shares are down over 10% at $20.00 in late after-hours. The 52-week trading range is $13.45 to $24.00.
You can still get a peak into 24/7 Wall St.’s "Small Cap Internet Watch List" of potential Internet buyout candidates, and we even named the likely acquirers. Of course the right circumstances would have to surface, but that is always the case. You can also joing the public distribution list that previews certain special situation data ahead of the web site formal posts.
NetEase.com operates interactive online and wireless communities in China through online games, wireless value added services, and web portals.
Jon C. Ogg
November 7, 2007
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