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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (2230)2/9/2003 12:47:41 AM
From: ms.smartest.person   of 2248
 
Cable & Wireless Grp Worth More Than 75p

Call Us In London: 44-20-7842-9464

GMT (Dow Jones) LONDON--Cable & Wireless Group (CWG) is worth in excess of 75p, says Nomura's Chris Alliott. Notes PCCW (PCW) bid stories crystalizing ideas that company is worth more than 60p but reckons PCCW doesn't have financial capabilities to broker deal. "In our view, cash at the end of March 03 will be worth 75p/share and C&W Regional is worth 90p/share. This implies market is penciling in closure costs at Global of 100p, or GBP2.4B. We believe this is overdone." Stock +1.6% at 64.5p.(TRF)

sg.biz.yahoo.com
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