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 (2382)	9/10/2000 11:00:54 PM
From: Captain Jack	Read Replies (2) of 4541

merry-- a decent dip on intc could be a nice buying OP. Another news article popped... if they had this kind of good news coverage the stock would be at 40..... talk of redundancy!!!!!!!!! HONG KONG, Sept 11 (Reuters) - Shares in Pacific Century CyberWorks extended losses in early trade on Monday as mounting concerns over two failed joint venture agreements last week pressured the stock. Within 25 minutes of the market opening, PCCW shares were down 3.41 percent or HK$0.45 at HK$12.75 on heavy turnover of HK$323.77 million. "Investors are worried that these kinds of developments could spill over into some of PCCW's other joint ventures," said Herbert Lau, head of research at Celestial Asia Securities. Last week, Boston-based CMGI <CMGI.O> said it was pulling out of a US$1.5 billion Web venture fund it was to have formed with PCCW and another U.S. investment firm. Also late last week, Taiwan's Gigamedia Ltd <GIGM.O> said it had decided not to acquire shares of ERA Communications Co Ltd in a three-way deal to form a broadband multi-media Internet content and distribution joint venture with PCCW and ERA.

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