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Strategies & Market Trends : Cable and Wireless (CWP)
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To: Ken Sammut who started this subject9/12/2002 10:01:27 AM
From: Smart_Asset   of 162
 
thewhir.com

This article from the Whir seems to support the "last man standing" strategy description that some attribute to C&W. Add the following to the already profitable regional operations and we have a telecom with a strong balance sheet, cash flow positive, a leader in the inevitable switchover to IP, a leader in web hosting and content delivery. This is the only telecom I've been able to find that is well positioned re cash balances in this buyers market. CEO Graham Wallace should be credited for selling assets at the peak (97-2000) as well as buying at the trough. All this and dividends too!

<<According to Dave Asprey, Director of Strategy for Exodus, the company plans to be free cash flow positive by the end of 2003 through increased business within their Web hosting businesses.
"Since May 2002, Cable & Wireless has won over 100 contracts from customers seeking to migrate their business away from potentially distressed carriers, in particular from competitors with financial difficulties, including those who have filed for Chapter 11," said Asprey in an exclusive interview with the Web Host Industry Review. "Over the last 12 months we have seen 30 per cent growth, and we look to see that trend continue." >>

Tam
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