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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (29846)	1/26/2000 9:37:00 AM
From: U Up U Down	Read Replies (1) \| Respond to of 43080

Maybe but someone is spaming pcclf on Yahoo ASTN board. (OT)Buy PCCLF(CMGIasia)CMGI news by: bankboat 1/26/00 9:01 am Msg: 52221 of 52228 sell this & buy PCCLF 2.60 Posted as a reply to: Msg 50778 by penelopedotcom

To: Susan Saline who wrote (29846)	1/26/2000 10:12:00 AM
From: AlienTech	Respond to of 43080

NO! I MEAN PCCLF, it trades on the HK stock exchange and is current like 2 1/8 or something.. Market cap of 6 bil. PCCW is the company name. OTCBB PCCLF.. HONG KONG, Jan 25 (Reuters) - Pacific Century CyberWorks Ltd (PCCW) said on Tuesday it was forming a 50-50 joint venture with U.S. Internet company CMGI, to be headquartered in Hong Kong and called CMGI Asia. PCCW said the deal would bring four CMGI companies to Asia, including online network Altavista Company and Engage Technologies Inc (NasdaqNM:ENGA - news), which tracks online consumer tastes. ``CMGI and PCCW announce the formation of a joint venture to create and operate an Internet-related company to be called CMGI Asia to be headquartered in Hong Kong to establish Asia-Pacific operations for the 18 CMGI majority-owned operating companies,' a statement issued at a news conference said. PCCW Chairman Richard Li told the news conference that PCCW had raised US$380 million through a share placement on Tuesday to make sure the deal with CMGI could be adequately covered. The share placement was at HK$15.80 a share and it had been completely underwritten. ``Under the agreement, CMGI Asia will serve as a holding and management company, entering into separate joint ventures for each of the individual CMGI operating companies. In each case, CMGI Asia will be granted at least 60 percent of the shares,' the statement released at the news conference said. The remaining 40 percent will be held by individual CMGI operating companies. The first four companies to be brought to Asia under the agreement will be Altavista, Engage Technologies, iCAST and 1ClickCharge. iCAST is a multi-media online entertainment company and 1ClickCharge is a pioneering single-click Internet payment service. (Note: this article is ``in progress'; there will likely be an update soon.)>>> HONG KONG, Jan 13 (Reuters) - Merrill Lynch said it maintained a buy rating on Hong Kong-based Internet and communications firm Pacific Century CyberWorks (PCCW). "Positive newsflow has made PCCW the second-largest Internet company in Asia after Softbank <9984.T>, with a market cap of US$19 billion," Matei Mihalca, a Merrill Lynch Asia Pacific Internet analyst, said in a report dated January 12. "The price appreciated from HK$6.75 on December 1 to HK$19.65 on January 3, a high. It could be argued that in the last month PCCW has come of age as a global Internet player." Merrill Lynch said it had a 12-month target price of HK$25 for the share. "Our HK$25 price objective assumes that PCCW will trade at a 100 percent premium to its net asset value, between the 50-100 percent of Softbank in Japan and the 200-500 percent of CMGI and the Internet Capital Group in the U.S.," it said. HONG KONG (CBS.MW) -- Internet frenzy in Hong Kong has hit an even more frantic pace as tycoon Li Ka-shing's listed flagships -- Cheung Kong (Holdings) and Hutchison Whampoa -- have teamed up with banking giants HSBC Holdings and Hang Seng Bank to launch a HK$3 billion ($385 million) e-commerce joint venture. Dubbed IBusinessCorporation.com, the joint-venture will have "almost unlimited" business scope. The alliance signals an aggressive push by the four blue chips into the nascent e-commerce sector in Hong Kong and the region, with B2B and B2C services and Internet portals to be rolled out in the coming months for insurance, real estate, procurement, wholesaling and retailing. The joint venture is 75 per cent held by Cheung Kong (CHEUY: news, msgs) and Hutchison (HUWHY: news, msgs), and 25 per cent by HSBC (AND HANG SENG BANK [S: HSNGY: news, msgs). The shareholders left open a possible flotation of the joint venture on the stock market. South China Morning Post Subject 32017