Pacific Century CyberWorks (PCW, PCWKF) Message Board

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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

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To: ms.smartest.person who wrote (4088)	12/9/2000 1:12:36 AM
From: ms.smartest.person	Read Replies (1) of 4541

Telstra claims to encounter pressure in mobile phone biz 2000-12-08 12:58 (Infocast News) Telstra CEO Ziggy Switkowske noted during a conference yesterday that the company's mobile phone business has been encountering keen competition. However, he projects that the growth of profit margin during the first half of the company in overall will increase. He said Telstra's mobile phone business is benefitted from the growth of users, but the business has been under the influence of price reduction and the slow rising of the growth of users. He noted that prices have been adjusted down greatly while the subsidy of mobile phone remains uprising, thus giving pressure to the profit margin of the mobile phone business. At any rate, he said that the cost-cutting plan is coming off and projected that the company's profit margin in overall will still be rising. He disclosed that the fiscal year of the first half in turnover rose 5 to 6% from the same period of last year, being higher than the increase of the cost. infocastfn.com

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