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Technology Stocks : PCW - Pacific Century CyberWorks Limited
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To: ms.smartest.person who wrote (1893)9/1/2001 11:38:49 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
Founder down to 8pc as Spike loses 19m and renews its core
Sydney Morning Herald - ABIX - Australasia; Sep 1, 2001
BY SUE LOWE

Australian Internet company, Spike Networks, reported a $A19 million annual loss on 31 August 2001. Spike accrued a $A14.5 million loss from the Spike CyberWorks venture and also suffered heavy losses from the winding down of Spike Internet Radio. In November 2001, Spike shareholders will vote on a proposal which would see Techpacific assume 65 percent control of the company, reducing the stake of founder, Chris O'Hanlon, to eight percent.

World Reporter All Material Subject to Copyright

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