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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)
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To: michael m. who wrote (283)2/10/2000 8:05:00 AM
From: ms.smartest.person   of 4541
 
Brokerage coverage of PCCLF has give price target of HK$25 & HK$35, which is US$3.20-4.50. IMO the involvement of CMGI may cause some short term rise, when Alta Vista IPO comes out. CMGI has put not only money, but their credibility on the line with the JV with PCCLF (JMHO).

There is tremendous competition for the Asian markets that PCCLF has targeted. Everyday there are multiple mergers and joint ventures attacking the same space. Both India and China control press and information, making entry into their space very complicated. Lots of China "deals" never materialize. In the words of another SI poster, China is only good for MacDonalds and Coke -- I hope PCCLF gets in there too.

P.S. While I am writing this, CMGI insider(9) sales are being reported on CNBC -- wonder if CMGI insiders know something we do not!
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