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 (832)	3/30/2001 12:51:14 AM
From: ms.smartest.person	Read Replies (1) of 2248

DJ MARKET TALK/HK:PCCW Negative Equity Deters Investors 12:49, 2001-03-30 1138 [Dow Jones] Pacific Century CyberWorks' (0008) negative equity may deter some investors from holding stock although interest coverage 3.5X for HKT still above 2X floor stipulated in loan covenants, says UBS Warburg; adds rights issue may be needed to rectify that. Says stock still expensive on EV/EBITDA terms, and C&W PLC's pending sale of 15% stake will continue to weigh on share price; now down 4.6% at $3.10.(IVW) Copyright c 1999-2000 Dow Jones Inc. All rights reserved. quamnet.com

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