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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: pennywise who started this subject	8/14/2001 11:44:30 PM
From: ms.smartest.person	Read Replies (1) of 2248

HK PCCW Threatens Legal Action Against Rumormongers Dow Jones Newswires HONG KONG -- Pacific Century Cyberworks Ltd. (PCW) said late Tuesday it has threatened legal action against the source of what it called unfounded rumors that the company is planning large staff cuts soon. PCCW Chief Operating Officer, William Cheung, said the company is exploring its legal options if and when the source of the rumors is identified. In a statement published on its Web site, the company said "we do not know the source of these rumors, but any employee found to be spreading false and malicious rumors about the company may be subject to disciplinary action. As reported Tuesday, PCCW denied it planned to cut more jobs at the moment, a point Cheung reiterated in the latest statement. His remarks come in response to a recent report in the Oriental Daily News that PCCW plans to cut close to 3000 jobs. -By Dow Jones Newswires; 852-2802-7002; djnews.hongkong@dowjones.com -0- 15/08/01 01-26G -------------------------------------------------------------------------------- URL for this Article: interactive.wsj.com -------------------------------------------------------------------------------- Copyright © 2001 Dow Jones & Company, Inc. All Rights Reserved. Printing, distribution, and use of this material is governed by your Subscription Agreement and copyright laws. For information about subscribing, go to wsj.com Used with permission of wsj.com LOL!!!

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