Top-tier China Suppliers Benefiting from Economic Slowdown and Money fund assets fell to $3.476 trillion in latest week

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City of Industry, CA --(www.USEquityNews.com)-- 06/20/2008 - Internet Information Provider industry alert provided by U.S. Equity News. The economic slowdown in the West is not necessarily bad news for China suppliers, as some discovered when attending the June 17 Private Sourcing Event: Digital Personal Electronics hosted in Shenzhen by Global Sources (NASDAQ: GSOL) (http://www.globalsources.com). The Private Sourcing Event brought together 10 of the world's largest electronics buyers with combined annual sales of $190 billion. Participating buyers met individually with 27 suppliers pre-screened by Global Sources. "Most buyers at the event seek to counter cost pressures by consolidating their supply base and forming closer partnerships with the suppliers they retain -- while making their orders larger to gain a pricing advantage," said Global Sources COO, Craig Pepples. "The suppliers they choose to work with are able to reap huge benefits."


One of Yahoo Inc.'s (NASDAQ: YHOO) disgruntled shareholders is urging Microsoft Corp. to make a more compelling case for its bid to buy the Internet pioneer's search operations -- a proposal that was trumped by an advertising deal Yahoo reached with Google Inc. Mithras Capital, which owns 1.7 million Yahoo shares, made the plea to Microsoft Chief Executive Steve Ballmer in a letter sent Thursday. If Microsoft can more clearly explain why its alternative is more lucrative than the Google deal, Mithras believes a majority of Yahoo shareholders will support activist investor Carl Icahn's attempt to replace Yahoo's board at the Sunnyvale-based company's Aug. 1 annual meeting.

Total money market mutual fund assets fell by $38.91 billion to $3.476 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation's retail money market mutual funds fell by $730 million in the latest week to $1.221 trillion. Assets of taxable money market funds in the retail category rose by $280 million to $917.11 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. Tax-exempt fund assets fell by $1.01 billion to $304.07 billion. Assets of institutional money market funds fell by $38.18 billion to $2.255 trillion for the same period. Bankrate.com (NASDAQ: RATE) said the annual percentage yield was 1.88 percent on six-month certificates of deposit, up from 1.87 percent the previous week. Yields were 2.18 percent on 1-year CDs, up from 2.15 percent; 2.39 percent on 2 1/2-year CDs, up from 2.32 percent; and 3.30 percent on 5-year CDs, up from 3.16 percent.

Elysium Internet, Inc. (OTCBB: USBF) (Pending name change), an emerging direct navigation Internet media Company, recently announced that as a result of its domain redirect strategy and domain acquisition program its targeted professional directories are now showing up on page one of all three major search engines, and in some instances they are the first site in the organic, non-paid section of the search results for important search keywords. Elysium Internet CEO Scott Gallagher commented, "Direct navigation or natural traffic is the most sought after type of traffic in the Internet advertising space. Our directories are becoming highly ranked for key search terms very quickly due to the success of our overall strategy.

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