PCW - Pacific Century CyberWorks Limited Message Board

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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: pennywise who started this subject	6/27/2001 12:30:29 PM
From: ms.smartest.person	of 2248

Salomon: PCCW Should Clarify Growth Prospects of B2C Operations Jun 27, 2001 - 16:29:34 HKT Quamnet News Service Salomon Smith Barney said it will be focusing on the extent of cost reduction in an upcoming announcement by Pacific Century CyberWorks (0008) regarding the restructuring of its B2C operations, and that some clarity on growth prospects is necessary for any sustainable impact on the stock price. In a note to clients today, Salomon analyst Pratik Gupta also said if PCCW can lock in a low fixed interest rate and a long, possibly 10-year debt maturity through refinancing part of its syndicated loans, it will be able to hedge against rising interest rates and help reduce financial risks. Debt covenants may also be eased, he said. Salomon is maintaining its Neutral, High Risk rating on PCCW. -------------------------------------------------------------------------------- Copyright 2000 Quam(IA) Limited, All rights reserved quamnet.com

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