PCW - Pacific Century CyberWorks Limited Message Board

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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (791)	3/29/2001 12:27:52 AM
From: ms.smartest.person	Read Replies (1) of 2248

DJ MARKET TALK/HK: PCCW Needs Tight Cost Control - DBS 12:37, 2001-03-29 1125 [Dow Jones] Although Pacific Century CyberWorks (0008) indicated measures to limit capex (such as capping B2C expenditure to US$200 million in FY01 and further Internet-related investments will be funded only through sale of previous investments), DBS Securities concerned cost cutting may not take place soon or be drastic enough; expects market to also focus on operating cost cuts; adds management doesn't seem to be in rush to dispose assets. Stock down 12.2% at $3.05.(IVW) Copyright c 1999-2000 Dow Jones Inc. All rights reserved. quamnet.com

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