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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

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To: John McDonald who wrote ()1/3/2000 10:24:00 PM
From: Magic212   of 4541
 
David Wetherell on PCCLF and CMGI (from RB)

Q: Optimist: re: pcclf: Could you please explain the relationship between CMGI and Pcclf going forward and how you perceive the relationship benefits Pcclf.

A: In September, we exchanged $350mm in CMGI at a basis of about $84.50/share for $350mm of 1186 HK (PCCW) at a basis of about $6.06 HK. Since then, we have been working on a number of fronts to advance our strategic partnership, not just in Asia, but elsewhere, as well. Stay tuned.

David

ragingbull.com
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