Incite on PCCW from Jay Chen of SI's Softbank thread:
Background: Jay Chen is a Hong Kong resident who posts on the Silicon Investor Softbank Board. Recently, Jay commented that the was changing his mind about PCCW. I PM'd Jay for clarification of his comment. (<snip>'d out words that Jay might object being posted as public comments.)
Here is Jay's kind reply:
Tuesday, September 12, 2000 8:13 PM ET
To: merry693 (who wrote)
From: Jay Chen
Hi Merry, excuse me for not having responded to your message earlier. My excuse is a simple one, in that I was so busy negotiating with two Chinese industry specific (non-ferrous metal, chemicals) online verticals that I simply had no time to check SI.
I treat all regulars on this SI thread as a friend and have met two so far, in private e-mail contact with six and I enjoy the realworld timeout discussions. I believe the communication is good for all of us on so many different levels, from checking the progress of private neurosis to strengthening international peace. So, check in by private mail whenever you feel up to it and ask any question you want. I enjoy the interaction and I never mind questions, and always answer if I have an answer.
My wife knows the Taiwan family (Koo) that controls Gigamedia and is friend with some members of them (school buddetes). My wife's aunt has a big compound house next door to the Koos in Taipei and have known them for a generation, ...<snip>... My wife's partner is the son of the family controlling the large conglomerate Far Eastern Group (www.FEG.com.tw) of Taiwan. So, we know the Taiwan scene much better than we know the HK scene, even though we live in HK.
It is not surprising that PCCW and Gigamedia may not see eye to eye on the one hand and that CMGI may distrust Gigamedia on the other. CMGI probably also learnt a thing or two from their association with Richard Li in the past few months.
However, I must note that it is unlikely that any non-Taiwan group, be they from America or HK, will access the Taiwan market without a Taiwan partner, regardless of the industry they are in. ...
<snip>
...
On PCCW, my comment is more based on feel as opposed to fundamentals, as PCCW's fundamental just got improved dramatically with the HKTelecom action. Simply put, PCCW is now one of the world's largest dotcom operating companies (AOL is another) with positive cashflow, positive profit, great traction, good retention of techie staff, etc. Asia is at the beginning of the buildout, and PCCW is positioned to make deals. If greater China and dotcom has a future, that future includes PCCW.
Interesting HK site to keep track of local matters is www.webb-site.com. It is insightful, and sometimes painful, but worth reading always if one dabbles in HK shares.
We will be going to Badian at the end of September and I scuba, but always with instructor at hand, always in warm water, and never below 30 feet. Wife more adventurous. We may go for certification this time.
Chugs, Jay
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Jay, Thank you from the PCW board
Merry |
