Tuesday, August 19, 2008

Netease Blizzard cooperation make The9 investors worried

August 14, according to foreign media reports, Netease (Nasdaq: NTES) announced yesterday with the United States Blizzard of cooperation. The news of another online games operator The9 (Nasdaq: NCTY) investors are worried that stock prices and pulling The9 in Wednesday's trading down 20%.

According to Netease and Blizzard signed the agreement, NetEase was Blizzard Entertainment's "StarCraft II", "Warcraft III: Hunluanzhizhi", "Warcraft III: Frozen Throne" three Games and online games for the interactive services over the network platform war in mainland China's exclusive right to operate. The9 and Blizzard Entertainment is the "World of Warcraft" in the Chinese mainland operators. Scott Kessler of Standard & Poor's believes that The9 investors such worries are unnecessary, because the heavy snow last week clearly indicate that the company's cooperation with The9 is deepening. Kessler said that The9 Wednesday trading on the stock market crash to provide investors with an excellent buying opportunity.

Wednesday on the Nasdaq Stock Market, NetEase shares in the regular session up 1.36 U.S. dollars, or six percent, to close at 24.05 U.S. dollars. In the past 52 weeks, NetEase shares for a minimum 13.45 U.S. dollars, up to 25.70 U.S. dollars. The9 shares fell 4.67 U.S. dollars, or 20.5 percent, to close at 18.16 U.S. dollars. In the past 52 weeks, The9 minimum price for 15.05 U.S. dollars, up to 45.35 U.S. dollars.

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