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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: pennywise who wrote (49)	1/12/2001 5:23:11 AM
From: pennywise	of 2248

Telecom Directory '00 turnover 15% from online ad 2001-01-04 16:55 (Infocast News) Ben Luk, General Manager of e-Business of Telecom Directory Limited, a subsidiary of PCCW (0008), stated that the turnover of Telecom Directory for 2000 amounts to $350 million where 15% is generated from the revenue of online advertisements from the YP websites. He added that the profit of Telecom Directory represents about 40% of the total turnover during the period. The revenue of YP websites for the year 2000 is up to $50 million and expected to jump to $85 million this year. He pointed out that more than $50 million has been spent in the development of YP websites. Now the company is in talks with 6 telecommunications corporations about the development of WAP handset services at a potential investment of $3 million with the result expected in this quarter. He added that Telecom Directory now has no ideas to merge with China Big, a PRC information providing joint venture formed by the company, PCCW and China Unicom. infocastfn.com

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