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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (125)	1/19/2001 9:40:38 PM
From: ms.smartest.person	Read Replies (1) of 2248

Friday, January 19 11:48 AM SGT MARKET TALK-AU-EQ: Telstra Breaks Resistance [Contact Us: Sydney 61-2-8235-2950; djnews.sydney@dowjones.com] 1440 [Dow Jones] Telstra (TLS) breaks to 5-month high, surpassing important A$7.03 peak attained Nov 20 after AGM. Confirms higher targets at A$7.50 will be met, most likely 1Q 2001, says Dow Jones technical analyst Greg Tolpigin. This afternoon's break officially reverses year-long downtrend. Stock last at A$7.09, up 16 cents, 2.2%, on strong volume of 35.6 mln shares, adding significance to strength and minimizing chance of a false break. (GXT) 1427 [Dow Jones] Telstra's (TLS) Asia partner Pacific Century CyberWorks bouncing back; up 7.7% at HK$4.575, keeping up with broad market's gains as well as market speculation C&W PLC's pending block sale may be to a strategic investor who will swap half of C&W's 15.3% stake in PCCW with its assets. The stock has plunged this week amid concern about its debt and recent broker downgrades. (STT) <snip> asia.biz.yahoo.com

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