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Technology Stocks : Pacific Century Cyberworks - Asian Internet Powerhouse? -- Ignore unavailable to you. Want to Upgrade?

To: Juliand who wrote (5)	11/6/1999 1:55:00 AM
From: James J. Franklin	Respond to of 18

I just read an advertising pitch from James DiGeorgia touting a stock (did not name the company by name but left obvious clues) as the next Softbank. Hyperbole, to be sure. But every now and then DiGeorgia hits a good one. If Intel has invested money in PCCLF then there must be outstanding potential. $50,000,000.00 is not chump change. CMGI, too? There is information floating around the internet on PCCLF From Pacific Century Group website: pcg-group.com Pacific Century CyberWorks From bricks and mortar to bits and bytes... A Hong Kong-listed flagship for Pacific Century Group. Pacific Century CyberWorks Limited [Reuters: 1186.HK ; Bloomberg: 1186], is the Group's Hong Kong-listed flagship company for its technology businesses. The new company was formed through the acquisition of Hong Kong-listed Tricom Holdings Limited (Tricom) a telecommunications service provider. On August 1, 1999, Pacific Century CyberWorks announced it is acquiring Pacific Convergence Corporation (PCC), a joint venture formed in February 1998 by Pacific Century Group (60%) with Intel Corporation (40%), the world's leading maker of microprocessors. Intel's investment of US$50 million in Pacific Century CyberWorks, combined with its initial 40% stake in PCC, gives Intel a 13% stake in Pacific Century CyberWorks. PCC is expected to become the preeminent Internet service, content and eCommerce provider in Asia. The PCC pan-Asian service, by creating a broadband ISP platform, providing integrated on-line content and enabling and operating the development of a regional eCommerce network, will comprise the largest Internet distribution system in the world, with a reach of 110 million households. Pacific Century CyberWorks will enter into and invest in local and international information technology and Internet businesses and, subject to agreement by the Government of Hong Kong, will be the sole vehicle to sign all agreements with the Government of Hong Kong in connection with the Cyber-Port project. Richard Li, Chairman and Chief Executive of Pacific Century Group, is Chairman of the new company. Other senior PCG executives have also taken up posts in the new company: Francis Yuen and Peter To are joint Deputy Chairmen, and Alex Arena is Group Managing Director. Our aim is to build on our expertise and knowledge of digital technology and new media to become a preeminent leader in Internet content and services such as eCommerce. We believe there are tremendous synergies between our existing activities in this field and future business opportunities. The new company's parallel involvements in the Cyber-Port and the fast-growing information technology and Internet sectors, and its acquisition of Pacific Convergence Corporation, will help secure Hong Kong's position as a hub of Asia-focused eCommerce and Internet content development. We intend to create new opportunities for the best talent in the region and stimulate the industry. ******************************** Hey gang, this looks very interesting. Count me in. Are we on the bottom floor, or what? JJF

To: Juliand who wrote (5)	11/6/1999 2:16:00 AM
From: James J. Franklin	Read Replies (1) \| Respond to of 18

Also found this information regarding Pacific Century CyberWorks Ltd. investments in the U.S. and Asia: From this site:http://asia.internet.com/1999/10b/2805-pcg.html Excerpts: PCCW's investments in the U.S. include 23 percent of broadband Internet provider SoftNet Systems, Inc., 3 percent of VOIP systems vendor Clarent Corp., 5 percent of financial superstore Creditland.com, 6 percent of AI developer Intelligenesis, 3 percent of online travel service firm BizTravel.com, 6 percent of voice communication technology firm MediaRing Inc., and 3.4 percent of leading Internet ventures company CMGI. In Asia, the company has acquired 10 percent of online toy and gaming site ActionAce.com, 5 percent of online broker Cash Online Inc., 20 percent of portal solutions provider Outblaze, 25 percent of e-commerce play SilkRoute and 20 percent of Hong Kong entertainment content provider StarEast Information Technology. Sounds like a company with the wherewithall to pull this off. Regards JJF