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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (659)	3/25/2001 5:50:23 PM
From: ms.smartest.person	Read Replies (1) of 2248

OBSERVER: Daddy's boy OBSERVER COLUMN Financial Times, Mar 23, 2001 Daddy's boy Richard Li is beginning to look like Richie Rich, the poor little rich kid. Retail investors have been deserting his company Pacific Century Cyberworks in droves and the shares have dropped around 80 per cent in the last 12 months. The company share price used to soar at the first hint of a deal but now only appears to rise on suggestions that his billionaire father Li Ka-shing might step in to help him. One of PCCW's few rousing rallies this year occurred after the two Lis were seen having lunch. Adding to his woes is the embarrassing revelation that Li did not complete his degree in computer engineering at Stanford University - although the company's PR material has long implied that he did. Observer wonders what all the fuss is about. A real internet wunderkind would take pride in making billions without a degree. Maybe Li is not such a new economy poster-boy after all. Copyright: The Financial Times Limited globalarchive.ft.com

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