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To: Robert B. who wrote (94299)	2/22/2000 1:01:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>Nothing new emerged from Pacific Century Cyberworks and its bid for Cable & Wireless HKT (HKT:NYSE ADR), which is already in merger talks with Singapore Telecommunications. The market is intently focused on how much PCCW can offer for C&W HKT, given the former's expected dependence on offering either shares or recruiting partners to help with its bid. PCCW fell 1.20, or 4.7%, to 24.20, while HKT fell 0.05 to 25.70.