Borrow A stock portfolio into the world's richest man wins the wave series

· The world's richest man, Bill Gates, Microsoft proposed under the company's acquisitions of associated companies wave International (8141.HK) after the publication of the message, "wave of" two under A unit in the company — wave information and wave software for the last two trading days given a strong rise, especially in trading yesterday both letters.

Under the access to information, on 8 July, wave international, announced on 30 June 2005 and Microsoft enter into a non-binding memorandum of understanding, Microsoft may invest $ 25 million (about 1.95 billion) to the proposed investment may involve wave international release new convertible securities (with voting rights).

To this end, the tide International said that Microsoft may become a shareholder, does not exclude Microsoft next extensive acquisition possibilities. The trend from the unit, from June 10 to June 29, the unit from 0.46 rose to $ 1.07, cumulative or as high as 132.6%. Visible, Microsoft "Goldfinger" effect Flash again.

However, with the introduction of the Protocol, the industry seems to be more concerned about — wave international trade mainly in hardware as the primary industry, the main asset of the wave group focused on the waves of the wave of the information and software, why Microsoft's choice and the wave of international cooperation and non-tidal wave software?

We believe that in the current equity division reform under way in the background, as a listed company's largest shareholder, who would be willing to casually will hand the forthcoming premium drastically non-trading stock, submissively others? so unless is eager to get away, I believe the major shareholders of listed companies will not be easily sold shells.

The wave of Hong Kong listed on international stock reform does not exist, therefore, did not rule out the possibility that Microsoft's future through wave international gradually and two A stock fraternal cooperation possible. Visible, the recent wave of software and wave information sharp rise, the market of this kind of expected.

After all, along with Microsoft and wave at the beginning of the capital level cooperation, future in business may be closer cooperation.

In particular, China had begun the software industry as the breakthrough of the transformation of foreign trade, international software giant Microsoft has accelerated the pace of expansion into China, capital level cooperation, combined with previous Microsoft and wave group to form global strategic partnerships, wave of the future will undoubtedly gain group and Microsoft in hardware and software, and to expand cooperation in priority, its related businesses will benefit from the long term.

For purposes of State-owned IT enterprise, internationalization is the inevitable trend, but in this process, but also to recognize that internationalization is a "double-edged lessons from TCL. Therefore, the tide in the internationalization process should not be overly ambitious, momentum then, also need inherent set force to support, or easily repeat of TCL.