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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)
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To: ms.smartest.person who wrote (4433)1/10/2001 12:51:32 AM
From: ms.smartest.person  Read Replies (1) of 4541
 
09:28 10-JAN-2001 UBS Warburg projects PCCW's NOW to lose over $2.7b in 5 years

UBS Warburg said in a latest report that Pacific Century CyberWorks (PCCW) (0008-HK)'s reduced investment in NOW could help reduce PCCW's loss.

UBS Warburg estimates that NOW's loss would be trimmed from US$1 billion (approximately HK$7.8 billion) in three years to US$350 million (approximately HK$2.73 billion) in five years after the cutback in investment.

PCCW's B2B business will only bring several million of profit in US to the company each year, the report said.

It is believed that PCCW will increase the weighting on its B2B business.

(End)

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