Software Circle Share Discussion Threads

[jailbird] 14/8/2008 08:31

arthurly,

thanks,

that is good to knw.

[arthurly] 14/8/2008 08:30

jailbird - I reckon there could be gains of as much as 14% this year re £/yuan. Now although they translate from yuan to $, in order to work out EPS in £ - which should impact on the share price - that needs to be taken into account as well. So in real terms I think there could be gains of maybe 14% here too.

[jailbird] 14/8/2008 08:08

anyone know how the currencies will impact the revenues/profits

i see they report in $s.

we the changes in currencies recently i see GNG and RCG will gain.

[jailbird] 14/8/2008 07:44

i see septemeber we should hear.

igoe,
r u around?

[jailbird] 14/8/2008 07:37

it is shocking how this company fails to update about SAT project.

anyone know when any trading updates or results may be expected.

[siwel100] 12/8/2008 16:48

Export tax rebates are a key element of China's export growth management and policy. Hence the importance of SFT's project.

China Inflation Cools, Allowing More Growth Measures
By Kevin Hamlin and Nipa Piboontanasawat

Aug 12 (Bloomberg) China's inflation cooled to the slowest pace in 10 months, giving the government more room to restrain the yuan's advance and bolster economic growth. Consumer prices rose 6.3% in July from a year earlier as food costs eased after a 7.1% gain in June. That was below the 6.5% median estimate of 17 economists surveyed by Bloomberg News.

The slowdown may encourage government policies aimed at sustaining growth in the world's fourth-biggest economy rather than fighting inflation. While policy makers have halted the yuan's appreciation and boosted tax rebates to help exporters, data yesterday showing the fastest producer-price inflation in 12 years underscores the risk that consumer prices will rebound. "The headline number looks good but price pressures in the pipeline mean it's not all good news," said Kevin Lai, an economist at Daiwa Institute of Research in Hong Kong. "Round one is probably over but it is still too early to claim a gold medal over inflation fighting." The yuan weakened 0.1% to 6.8626 against the dollar as of 2:56 p.m. in Shanghai.

Inflation is accelerating in the U.K., the U.S., European Union, Japan, Australia, India, Korea and Canada. Singapore's consumer prices are rising at the fastest rate in 26 years and India's inflation has quickened to the fastest pace in more than 13 years. China's meat prices rose 16% in July, the smallest increase in more than a year, reflecting improved pork supplies and a big jump a year earlier. Non-food prices climbed 2.1%, the largest gain since Bloomberg data began in 2005. China may boost spending on infrastructure and provide more export-tax rebates if economic growth keeps slowing, said T. J. Bond, chief Asia-Pacific economist with Merrill Lynch & Co. in Hong Kong. Gross domestic product rose 10.1% in the three months through June, the fourth quarter of slower growth. "The Chinese inflation cycle has peaked," said Glenn Maguire, Asia-Pacific economist at Societe Generale in Hong Kong. "We're going to see an extended period of sideways movement in the yuan." The yuan rose 4.2% in the three months through March and 2.3% in the second quarter before stalling in the third. The currency remains Asia's best performer against the dollar this year. Gains make exports more expensive and cut import costs.

More export-tax rebates and a lowering of requirements for banks to set aside a record 17.5% of deposits as reserves are possible, Societe Generale's Maguire said. "Fiscal easing is the next step," said Ben Simpfendorfer, an economist with Royal Bank of Scotland Plc in Hong Kong. "You may see increased payments to low-income households." Slower inflation also increases the likelihood of China again raising state-controlled energy prices, after increases in July and August that left them below global levels. The People's Bank of China increased national commercial banks' lending quotas for 2008 by 5% last month to aid small and medium-sized businesses and farmers, according to a central bank official and a bond trader briefed by the central bank. Neither would be identified because they weren't authorized to comment.

China raised tax rebates on exports of textiles and garments to 13% from 11%from Aug 1 to aid manufacturers facing rising labor and raw-material costs. Exporters are concerned that a weakening global economy will erode shipments. Exports have climbed 22.6% this year, down from the 25.7% pace for 2007. China's trade surplus unexpectedly widened in July to $25.3bn from a year earlier, adding to inflows of cash from foreign direct investment and investors betting on more gains by the yuan. Excess money in the financial system threatens to stoke inflation.

[drewz] 11/8/2008 15:47

Well spotted, Arthurly. Unless we are misinterpreting this info they seem to have rolled out a lot more of the tax software than just two provinces now.

[arthurly] 10/8/2008 18:56

Gave the staff a day off on Friday ...




Seem to have people in a number of regions ? Maybe making progress ?? (about time)

[ads1978] 31/7/2008 11:26

Article on the software industry in China

[duffhead] 28/7/2008 13:09

last update said they were concentrating on first 2 or 3 provinces before moving to new provinces. Should not be long now before the first 2 or 3 provinces start to return sale and income.

The company has cash of some 5.75p per share so the share price is well underwritten and must surely move higher when confirmation of sat roll out progression emerges. They have 50 people workin on the sat roll out so it is just a matter of time.

[igoe104] 24/7/2008 16:04

This is what happens, when their is a lack of news, we need a positive up-date on thr SAT roll-out.

[apetley] 24/7/2008 14:20

Three and a half grands worth of sales and they're marked down nearly 5%. Madness!!!

[h101] 24/7/2008 07:41

I agree fatfish, I have some SFT and am in no rush to buy more of it or CESG or GNG, simply because AIM is in a downtrend and at times like that I think the MMs work hard to fool us into buying and selling. The price may go up 20% for a week but then it might lose its gains and more in the following weeks. I'll wait until summer is over for this one to see if the trend is broken.

[fatfish] 23/7/2008 17:35

so do a lot of stocks, everyone thinks the same about the stock they are invested in, yet unbelievably, regardless of how much cash is going in the bank, they keep dropping.

[explorer88] 23/7/2008 11:15

SFT looks excellent value. :-)

[muxdapanza] 18/7/2008 14:03

Nice spot ads1978!

ads1978 - 10 Jul'08 - 15:55 - 152 of 156

[philjeans] 15/7/2008 15:29

I accept that drewz; but look at the report from Jetion today - everyone worried to death about the figures and chairman's resignation - all the issues coming up roses in reality.

You can only trust the management to deliver, if they have in the past - that's what we pay them to do.

I see really good value at this price and trust my judgement.

[drewz] 15/7/2008 15:20

Depends how well the business is being managed. There is so little information released here that we have little idea what is going on at the coal face.

So far SFT has been beset by delays and underperformace against stated targets, which is why the price has halved in the past year.

My main concern is the lack of transparency.

[shaid1] 15/7/2008 15:17

Phil

its hard to disagree, the companies like SFT and TAIH that have oodles of cash in the bank, are making profits and paying dividends are the ones to be picking up.

Spoke to Siwel about SFT recently and really cannot fault the way its being managed at all.

Picking companies like this at this price in the longer term will bring home the bacon imho.

[philjeans] 15/7/2008 15:07

Just picked up 30k; averaging down on my previous buys.

Polar still selling down - says more about their issues than SFT. I think this a very good time to get quality investments at a bargain price.

No retail, mortgage, credit or housing problems with this one; good quality earnings and a HEALTHY CASH-RICH BALANCE SHEET.

[ads1978] 10/7/2008 15:55

Sinosoft Technology Offers Solutions Using Fujitsu PalmSecure Biometric Authentication System


Nanjing, July 10, 2008 - (ACN Newswire) - Fujitsu Limited today announced that its PalmSecure palm vein biometric authentication system has been selected for use in IT solutions offered by Jiangsu Province-based systems integration company Sinosoft Technology Plc.

Sinosoft Technology offers a wide range of solutions to both private-sector companies and public-sector institutions, including general business systems and e-government systems. These systems typically employ user IDs and passwords to control access, but since users need different passwords for each application and can forget their passwords, the conventional approach causes inconvenience and confusion. In addition, highly sensitive systems require stricter security because passwords are susceptible to being leaked or hacked, raising the risk of fraudulent access.

Impressed by the accuracy, resistance to forgery, and contactless operation of Fujitsu's biometric palm vein authentication technology, Sinosoft Technology adopted the PalmSecure system for use in its IT solutions. PalmSecure has already been successfully deployed at some of Sinosoft Technology's major clients, including in access control systems for administrative applications for the City of Nanjing Construction Committee, the Yuhuatai Ward government in Nanjing, and the Jiangsu branch of China Eastern airlines.

The City of Nanjing Construction Committee uses Fujitsu PalmSecure systems supplied by Sinosoft Technology for a number of e-government purposes, including executive affairs and the city office intranet. With the addition of biometric palm vein authentication equipment, a single authorization grants comprehensive access to the system. This has eliminated problems caused by needing multiple passwords for different applications and forgetting passwords, while preventing fraudulent access using stolen credentials. The Yuhuatai Ward government is using PalmSecure to control staff logins to the administrative system.

PalmSecure is being used in China's private sector as well, with China Eastern airlines having installed it in their Jiangsu branch as the access control for their business system and ticket-reservations system.

Sinosoft Technology and the Fujitsu Group look forward to future opportunities to work together developing solutions using biometric palm vein authentication technology as a way to improve security and convenience for their customers.

About the Sinosoft Technologies

1. Organization name : Sinosoft Technology Plc.
2. Established : 1998
3. Headquarters : Nanjing, Jiangsu Province
4. Description : Research and development of software, IT consulting and outsourcing services

Advantages of Biometric Palm Vein Biometric Authentication Devices

1. Palm vein data is internal to the body and therefore difficult to forge

Because the pattern of palm veins is internal to the body, it is difficult to forge. Compared to veins in the fingers or the back of the hand, the pattern of veins in the palm is both complex and stable, resulting in a very high level of authentication accuracy, with a false rejection rate of 0.01% and a false acceptance rate of 0.00008%*, making for a system that is both trustworthy and secure.

2. Virtually 100% enrollment rate

Fingerprints can be difficult to register or authenticate for people with skin abrasions or even dry skin. By contrast, palm vein scanning is almost completely unaffected by such external or physically superficial factors. Furthermore, unlike fingertips, palm vein authentication has been demonstrated to be relatively unaffected by ambient temperatures. Fujitsu has collected a global data sample of 150,000 palm vein patterns from 75,000 people and has confirmed the system's authentication accuracy and applicability. Within that data sample, all test users were effectively enrolled, demonstrating the system's high degree of applicability.

3. Contactless biometric authentication technology does not engender psychological resistance

Authentication is performed by passing one's hand above the scanner, an action that is natural, easy, and hygienic. Because there is no hardware being touched by multiple people, it does not engender psychological resistance.

Fujitsu Frontech Limited is in charge of the development and manufacturing of this product. Fujitsu Frontech (Shanghai), Ltd. is a wholly owned subsidiary of Fujitsu Frontech Limited.

(This is a summary version of a press release issued by Sinosoft Technology Plc., Fujitsu (China) Co., Ltd., and Fujitsu Frontech (Shanghai), Ltd.)

* False rejection rate of 0.01% and a false acceptance rate of 0.00008%: False rejection occurs when the registered user is rejected by the system. False acceptance occurs when a person different from the registered user is accepted by the system. For PalmSecure, the registered user is correctly identified 99.99% of the time, and a person different from the registered user is identified as the registered user in less than one case out of 1.25 million.


About Fujitsu Frontech

As part of the Fujitsu group, Fujitsu Frontech Limited develops, manufactures and sells products such as ATMs, operation branch terminals, POS terminals, public display devices and offers related software, system integration and outsourcing as part of its total solutions offerings. The company also supports the security sector by offering products incorporating Fujitsu's latest palm vein authentication technology. Fujitsu Frontech is actively involved in the development of key technologies in various fields and is currently focusing on the areas of color electronic paper and service robots. For more information, please see:



About Fujitsu Ltd

Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 160,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5.3 trillion yen (US$53 billion) for the fiscal year ended March 31, 2008. For more information, please visit www.fujitsu.com .

Contact:

Fujitsu Ltd
Public and Investor Relations

[phone]

[theblackswan] 10/7/2008 09:12

I love it when investors are being terrorified by the press and the media
about the looming disaster of resession. "Sell before its too late." they imply.
Sending most weak investors rushing to their stockbrokers with one word in their mind "SELL".
A few years later these gullible and weak investors, are regretting selling their shares at a huge loss.
A tip. Follow the professionals who view a falling or low market as a buying opportunity to purchase what are fundamentally sound investments at bargain prices.

[apetley] 04/7/2008 12:25

This is starting to look dire and a little worrying.
Has anyone any news on how the rollout is going?
I have emailed a couple of times and have yet to receive a reply.