Pacific Internet Next HOT IPO? Message Board

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Technology Stocks : Pacific Internet Next HOT IPO?

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To: Louis Riley who wrote (190)	2/16/1999 8:07:00 AM
From: Greg Jung	Read Replies (3) of 912

Thank you, Louis. Here is the aspect I think should exemplify some of the risk I see: On December 16, 1998, SingNet (the Company's principal competitor in the Singapore ISP market) announced various pricing initiatives which include providing toll free local telephone access to dial-up subscribers in Singapore starting January 1, 1999, offering three months of free basic service to all new subscribers (or six months in the case of customers switching from a competing service); and providing a 30% discount on all leased line access account services. In order to try to preserve its subscriber base and market share, the Company plans to respond to SiegNet's new pricing initiatives with its own price reduction and call charge absorption programs for Singapore subscribers. The Company is currently evaluating the alternative responses available and the timing for their implementation See "Risk Factors-Risks Relating to the Company " The fat margins they have enjoyed in Singapore are coming to an abrupt end. The fat fees they now enjoy for access will drop in the face of open competition.

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