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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (239)	2/5/2001 10:43:52 PM
From: ms.smartest.person	Read Replies (1) of 2248

ImGO Says It Leads US$10 Mln Investment in iSilk Feb 05, 2001 - 18:37:35 HKT Quamnet News Service ImGO Ltd. (0067), a venture capital investor in wireless technologies, said it led a group of companies investing US$10 million in iSilk, a developer of Natural Language Processing (NLP) and Artificial Intelligence software applications for wireless and other internet platforms. ImGO's shareholders include Investor AB, Ericsson, and Hutchison Whampoa (0013). It didn't disclose the size of the stake it will own in iSilk, whose shareholders also include Pacific Century CyberWorks (0008). "We've been actively evaluating numerous investment opportunities around the globe and believe that iSilk is uniquely positioned to revolutionize the mobile internet. There is tremendous demand for software infrastructure solutions that make the mobile internet easier to use," said Michael Ricks, CEO of imGO. "This is an area which is expected to explode over the next few years with the advent of 2.5G and 3G systems, and iSilk will be at the forefront." quamnet.com

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