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 (1214)	5/17/2001 9:40:26 PM
From: ms.smartest.person	Read Replies (1) of 2248

Richard Li may step down as chief executive of CyberWorks 2001-05-18 Terms and Conditions Pacific Century CyberWorks Chairman and Chief Executive, Richard Li, confirmed on Thursday that he may appoint a new chief executive or managing director to the company in a year or so. This, as plans to develop the world's biggest broadband Internet business floundered after the collapse of the dot.com boom. Its other main business, running Hong Kong's biggest phone company, is not providing the returns to offset losses from Internet business. The company earlier denied a Financial Times report that stated it had asked headhunters to find a US telecommunications executive to replace Richard Li. CyberWorks stocks have fallen by some 81 percent in the past year, the biggest loser on the Hang Seng index. It has also been ranked at the bottom among 38 Hong Kong companies in a survey on corporate governance last month, due to poor accountability to shareholders and a confusing corporate strategy. Terms and Conditions Copyright© 2000 LEXIS-NEXIS, a division of Reed Elsevier Inc. All rights Reserved. quamnet.com

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