Read Larry Connors' blog – Short Term Trading Strategies
The company expects to maintain the 25 per cent growth rate it achieved in the last two years in China this year also, said John Chen, chief executive of Sybase.
China has been the fastest-growing market for Sybase in the 38 countries and regions it operates in, he said.
"The 3G era will certainly see more diversified mobile applications, and there's a lot we can do here. It's very favorable for us," Chen said.
Sybase will focus on developing mobile computing business, such as databases, mobile middleware, and overall software infrastructure, in an attempt to take full advantage of mobile commerce, including mobile payment and banking.
"We think that the potential of mobile commerce will be much larger than e-commerce," Chen said.
China's mobile middleware and mobile database markets are relatively small, but their growth would be driven by the development of the country's mobile industry, said Liu Fei, analyst with research firm IDC.
"As mobile carriers further invest in applications and content, demand for mobile software is set to increase, and the pie of related markets will also be bigger," said Liu.
China is planning to invest up to US$58.5 billion by 2011 to build 3G networks after 3G licenses were issued earlier this year. The 3G industry is also expected to generate one trillion yuan (US$146.5 billion) worth of demand in the next three years, according to officials of the Ministry of Industry and Information Technology.
Sybase has already started to cooperate with major industry players like Huawei and ZTE, and the three mobile carriers in China. It is now responsible for China Mobile's transnational messaging infrastructure, through which users can send text messages to 19 countries.
Company officials said they are in talks with the mobile carriers for new cooperation projects.
Database, business intelligence and mobile computing are the three major engines for Sybase sales.
The company recently won a bid for providing China Mobile database products, which the carrier used to source from Oracle, the world's second-largest software maker. But Oracle still takes up most of China's database market share, followed by IBM and Microsoft.
(XIC) rw
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
