Tom.com/2000 results - 2 (cash position of almost 1 bln hkd at end-2000)

Tom.com said that as of end-2000, the company's cash position was just under 1 bln hkd.	    The company said that during 2000, it raised 876 mln hkd from its initial public offering in March and an additional 478 mln hkd from a top-up share placement in September.	    Tom.com said that in the continuing difficult environment for technology and media-related stocks, the company's financial profile, strict cost discipline and solid recurrent revenue base have helped to keep it well positioned against comparatively weak competitors.	    It added the company's future is bright given its focus on the greater China market, which it said has current healthy growth and prospects, particularly in anticipation of China's entry to the World Trade Organisation. 

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