Cable and Wireless (CWP) Message Board

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Strategies & Market Trends : Cable and Wireless (CWP)

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To: JakeStraw who wrote (104)	12/22/1999 9:11:00 AM
From: Tumbleweed	Read Replies (1) of 162

RESEARCH ALERT - Cable & Wireless started NEW YORK, Dec 21 (Reuters) - Schroders said Tuesday it started coverage of Cable & Wireless Plc (NYSE:CWP - news) (quote from Yahoo! UK & Ireland: CW.L) as outperform. -- said a disposal of Cable & Wireless HKT could unleash significant value because investor attention would likely refocus on higher-quality core businesses. If it were disposed, would expect ADRs to trade up to $75. -- said current management is repositioning the company as a high growth data carrier, focusing on the most attractive markets and customers. -- added that negative sentiment toward Cable & Wireless means that the current share price does not reflect the potential of its new strategy, with shares trading at valuations well below those of other alternative carriers. -- said ownership of HKT has hindered share price performance. -- Cable & Wireless' ADR was up 1-1/8 at 49.

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