Posted on 09/27/2005 6:04:54 PM PDT by HAL9000
BEIJING, Sept. 27 -- Microsoft invested US$20 million in a Beijing-based domestic software firm yesterday, aiming to strengthen its commitment to the Chinese market and tap into the nation's software engineering talent pool.International Finance Corp (IFC), an investment arm of the World Bank, also invested US$15 million in the same firm, ChinaSoft International Ltd. The company is under the control of the State-owned China National Software and Service Co Ltd (CS&S).
The parties involved declined to disclose how big the stakes of Microsoft and IFC are. ChinaSoft International is valued at HK$788 million (US$101 million) on the Growth Enterprise Market in Hong Kong. The trading of ChinaSoft International's stocks was suspended yesterday because of the issuance of new stock to the two firms. Its stocks closed slightly higher on Friday at HK$1.13 (17 US cents), from HK$1.12 on Thursday.
"We have been searching for a model of development in China, but with this investment into ChinaSoft International, we have found our way," said Tim Chen, the CEO of Microsoft China, in Beijing.
ChinaSoft International is the second Chinese software firm that Microsoft has invested in this year. The first was the Langchao Group in East China's Shandong Province, which got US$25 million from the firm.
Chen said the investments showed Microsoft's confidence in its long-term prospects in China. He said previous activity was mainly focused on sales, local development, and technological co-operation.
He added that the move also showed his firm's commitment to bringing Chinese software firms to the international marketplace.
Microsoft signed an agreement with the Chinese Government in 2002 to invest US$750 million in China in three years, believed to be a major move to win trust in China, its biggest potential market.
Microsoft made all its Xbox game consoles in China last year, generating an output value of 8 billion yuan (US$989 million).
It also signed up with four global strategic partners, giving outsourcing orders to them and training almost 1,000 engineers for Chinese firms. This has also helped the software giant reduce its development costs.
Microsoft held a Tech Ed 2005 in Beijing on Friday to demonstrate its new products to Chinese customers and developers.
Tang Min, chairwoman of SCS&S and ChinaSoft, said: "China's software industry is facing an unprecedented opportunity in the world and is at the turning point of its transition."
Ping.
Commie, Pinkos all.
hmmm...
This isn't happening. GE and B2K told me so.
It is disapointing, but does pale in comparison to IBM's sellouts. IBM has close to as many employees in China and India than Microsoft does worldwide, and while 90% of the Chinese pirate Microsoft's software, IBM gives the Chicoms software for free. Not to mention IBM's history of selling out the US with illegal deals with teh USSR and even Nazi Germany. If you really cared about these issues, rather than attempting to blame Microsoft for something IBM is much more guilty of, your supposed concern might carry some actual weight.
If that's true (consider the Chicom source), I sure as hell won't be getting one of those, nor would I recommend anyone else either.
How, other than offering free downloads of software, is IBM giving software to China? Nearly every major software company on the planet allows one to download 'eval' version of its software.
'feign' is exactly the right word for it.
IBM claims billions of dollars have been invested by them in the development of the Linux O/S alone. That software is given away for free to anyone in the world under the GPL license created by radical leftist Richard Stallman, a former IBM employee. The Chinese government promptly takes those free copies of Linux containing the IBM improvements and uses them in "Red Flag Linux", the official operating system of the Chicom government. They've since used that software to power their now available supercomputers, and recently cracked the top 10 in the world for the very first time, using this free software built up by IBM. As if our trade deficit wasn't large enough with China, we've got these companies like IBM subsidizing their government with free production level software.
1: RMS, while crazy, never worked at IBM
" Stallman graduated from Harvard in 1974 with a BA in physics. During his college years, he also worked as a staff hacker at the MIT Artificial Intelligence Lab, learning operating system development by doing it. He wrote the first extensible Emacs text editor there in 1975. He also developed the AI technique of dependency-directed backtracking, also known as truth maintenance. In January 1984 he resigned from MIT to start the GNU project.
Stallman received the Grace Hopper award for 1991 from the Association for Computing Machinery, for his development of the first Emacs editor. In 1990 he was awarded a Macarthur foundation fellowship, and in 1996 an honorary doctorate from the Royal Institute of Technology in Sweden. In 1998 he received the Electronic Frontier Foundation's pioneer award along with Linus Torvalds. In 1999 he received the Yuri Rubinski award. In 2001 he received a second honorary doctorate, from the University of Glasgow, and shared the Takeda award for social/economic betterment with Torvalds and Ken Sakamura. In 2002 he was elected to the US National Academy of Engineering, and in 2003 to the American Academy of Arts and Sciences. In 2003 he was named an honorary professor of the Universidad Nacional de Ingenieria in Peru, and received an honorary doctorate from the Free University of Brussels. In 2004 he received an honorary doctorate from the Universidad Nacional de Salta, in Argentina. "
2: Microsoft gave China access to most, if not all, of the windows sourcecode.
3: Do you have any support for your statment that IBM is giving china production use software?
I see no reason to read any further of your post. Try his first job out of high school. Has worked for them since as well, and wrote the "IPL" for them, or IBM Public License. You guys have pathetic sources of information!
Another day, another Golden DoDo sighting....
Another Lunix fan who can't argue facts but only call names.
More names, how typical.
well if you don't like it, go the way of the Dodo, dodo.....
Doesn't bother me at all, in fact, it actually makes the point I'm attempting to make, with the least amount of effort - I own the facts, and your only retort is to call me names. With some of the open source worshipers it takes a few posts till they deteriorate to your level, however in your case, you just show up already pegged at rock bottom.
you're FUNNY you know that......
Now we have Exhibit B of pathetic name calling in the face of facts. You're welcome to come swallow your foot some more over here as well:
http://www.freerepublic.com/focus/f-chat/1482107/posts
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