----- Original Message -----
Sent: Sunday, February 08, 2004 7:26
AM
Subject: Re: [sharechat] Skynet Global -
(ASX-SKG)
Update on Skynet Global (ASX - SKG):
I
researched SKG back when it was about to list. Did not participate
because
I had some reservations. SKG
was added to my watch list and I
tracked.
Since then; Mr Soon has managed to turn every one of my
negative
reservations into a positive, eg;
. SKG's business model
was adapted to low-cost;
. SKG's 'niche' market footprint has extended
worldwide;
. SKG's push-market deal with Harvey Norman links SKG directly
with
their target market, and;
. SKG's partnering approach with Intel
(who will also be at the
forefront of the next phase - Wimax
technology).
I'm not concerned with the cost of uptake as this is
typical in the
early stages of new technology. If cost was a prohibitive
factor
to take-up of new technology, everyone using the internet would
still
be on dial-up instead of cable.
It is more about speed and
convenience, so anyone who needs or wants
speed and convenience will take
this up. I personally don't drink
champagne but that doesn't mean there
isn't a niche market for it
worldwide.
Mr Soon is to be
congratulated for his ability to analyse challenges;
strategize, adapt and
respond quickly to turn each challenge into success. How
many times
have we seen businesses continue to justify an original
plan or projection
and refuse to adapt and evolve (whilst same
continues to fail).
Mr
Soon also understands the need to keep the market informed of
SKG's
direction, prospects, and every positive step it takes. Whilst
he
continues to impress I will remain on board.
(At this point in
time) I see SKG as one of the better high growth stocks
on the
market.
Regards,
Cris
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