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Technology Stocks : Buying IPOs on the open market

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To: puborectalis who wrote (4934)11/26/1999 6:42:00 AM
From: puborectalis  Read Replies (1) of 5529
 
ICAB still hot.....

Hong Kong Stocks Rose; Hutch, Cheung Kong Lead; Tech Shares
Up
11/26/99 12:26:00 AM
Source: Bloomberg News

Hong Kong, Nov. 26 (Bloomberg) -- Hong Kong stocks rose, led by Hutchison Whampoa Ltd. as
investors increased their valuation of the company amid expectations Vodafone AirTouch Plc will
boost its $146 billion takeover offer for the 10.1 percent Hutchison- owned Mannesmann AG.

Internet and telecommunications-related shares including i- Cable Communications Ltd. also gained,
reflecting investor optimism about high earnings from rising Internet use.
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