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 (998)	4/5/2001 11:47:56 PM
From: ms.smartest.person	Read Replies (1) of 2248

DJ MARKET TALK/HK: PCCW Denies Cyberport Stake Sale Plan 10:57, 2001-04-06 0934 [Dow Jones] PCCW's (0008) denial it has no intention to sell off assets, such as stake in property project Cyberport, unlikely to impact shares as market has attached little credence to recent talk cash-strapped telco may reduce Cyberport stake to pay off debts. UBS Warburg has suggested PCCW may cut capex on non-core businesses to improve cash level; UBS estimates Cyberport capex likely US$166 million in FY01, representing 35% of PCCW's total FY01 capex of about US$469 million. (STT) Copyright c 1999-2000 Dow Jones Inc. All rights reserved. quamnet.com

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