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 (4377)	1/7/2001 9:03:21 PM
From: ms.smartest.person	Read Replies (1) of 4541

PCCW developing Web browser for China BEIJING, Jan 5 (Reuters) - Aiming to challenge Microsoft Corp (NasdaqNM:MSFT - news) and Netscape in China, conglomerate Pacific Century CyberWorks has teamed with a Chinese government think tank to create a bilingual Web browser, a state newspaper said on Friday. Hong Kong-based PCCW and the Chinese Academy of Sciences have invested a combined 100 million yuan ($12 million) in the joint venture, called Cyber Trans Science and Technology Development Co Ltd, the China Daily said. PCCW has a 51 percent stake in the venture. ``Our target is to grab back the browser market, which is totally controlled by Microsoft and Netscape,'' the newspaper quoted a statement from the joint venture as saying. Netscape Communications is the Web browser unit of America Online (NYSE:AOL - news). The joint venture browser -- a kind of software that allows people to surf the Internet and view websites -- will provide automatic translation between English and Chinese, the China Daily said. The browser would be launched ``soon'', it said. ($1 equals 8.278 Yuan) biz.yahoo.com

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