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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: kcmike who wrote (16456)	2/13/2000 12:02:00 PM
From: Mark Peterson CPA	Read Replies (3) \| Respond to of 19700

FWIW, By: dwether Reply To: None Sunday, 13 Feb 2000 at 5:30 AM EST Post # of 70763 This from the PCCLF message board: Bloomberg press EYE OPENER MUST READ ALL Top Financial News Sun, 13 Feb 2000, 4:19am EST SingTel, Cable & Wireless HKT, CyberWorks Hold Talks on Possible Merger By Linus Chua HKT, SingTel, CyberWorks Meet Through Weekend on Merger Plans Hong Kong, Feb. 13 (Bloomberg) -- Officials from Cable & Wireless HKT Ltd., Singapore Telecommunications Ltd. and Pacific Century CyberWorks Ltd. held separate talks over the weekend that may lead to a three-way merger of two of Asia's biggest phone companies and the region's biggest Internet firm outside Japan. HKT said its advisers met their counterparts from CyberWorks on Saturday, though a firm proposal wasn't made. SingTel denied a report in the Hong Kong Standard that it's poised to withdraw from its talks with HKT. ``The Hong Kong Standard report is not true,' said Ivan Tan, a SingTel spokesman. ``The talks are still continuing.' A three-way combination would create a company with access to millions of customers in two of Asia's biggest telephone markets. The new entity would control 60 percent of the phone market for multinational businesses in Asia outside of Japan and have a market capitalization of S$100 billion ($59 billion). It also would probably expand to new markets such as Taiwan, Korea, Malaysia and Indonesia. Company officials declined to comment on other reports in Hong Kong newspapers. The Hong Kong Economic Journal said an unnamed U.S. telecommunications firm hired Salomon Smith Barney Inc. as its adviser for a possible HKT bid. Apple Daily reported that CyberWorks may buy a 27 percent stake in HKT from its parent, Cable & Wireless Plc. CyberWorks, established just nine months ago by Richard Li, the son of Hong Kong tycoon Li Ka-shing, joined the fray on Friday, saying it hired Warburg Dillon Read and Bank of China to evaluate a possible investment in HKT. CyberWorks is building a high-speed Internet network in Asia. A stake in the combined company would give it the ability to deliver electronic commerce and multimedia services throughout Asia. SingTel and HKT announced two weeks ago they were in talks to form a $26 billion company with a footprint in two of Asia's biggest telephone markets. SingTel presented a detailed proposal for a merger with HTK Saturday that involves both cash and stock, a banker close to the talks said. HKT shares will resume trading Monday. The stock was suspended Friday after surging 23 percent to HK$21.65, the biggest one-day gain in at least a decade. (Voluntary Disclosure: Position- Long)

To: kcmike who wrote (16456)	2/13/2000 6:59:00 PM
From: ZenWarrior	Respond to of 19700

kcmike (PCCLF): Yes, I have been long ever since CMGI's shareholder meeting... 75,000 shares. :-) It has a large mkt cap, but it also has a HUGE future, especially if they merge w/ C&W HKT because C&W HKT owns 60% (70% after warrant exercise) of the Star TV JV to provide Interactive TV and Internet services to Asia. This was the only viable competitor I saw against PCCLF, and even mentioned a few days ago that I hope they get together rather than competing against one another. Interesting that Li actually created Star TV. Talk about one brilliant man. There is a PCCLF board at RB, and probably one here. Basic thing is that they have invested in 30+ companies, are looking to start a massive satellite/cable broadband ISP service throughout Asia, and they also own 50% of CMGI Asia. - Zen