Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF) -- Ignore unavailable to you. Want to Upgrade?

To: Bud Smith who wrote (519)	3/1/2000 5:28:00 PM
From: ms.smartest.person	Respond to of 4541

3 notes on First Call this morning. G.K. GOH Securities-Outperform rating. "PCCW is paying a justifiable premium to secure control of C&W HKT if one takes into account that PCCW will unlock the hidden potential of C&W HKT. The enlarged PCCW-HKT which will have a market capitalization of US $70 billion will be too good for international equity investors to ignore." Vickers Ballas-Accumulate rating. "The terms of the acquisition look favorable for PCCW as the valuation of C&W HKT is well below market expectations. PCCW will require at the most US $11.3 billion in cash to effect the merger which could be covered by its cash on hand and the sale of C&W's IDD and cellular assets. In doing so, PCCW would not incur a heavy financial burden from the merger." Daiwa Daily-Buy Rating. Why buy PCC still" * Faster roll out plans of PCC's Network of the World. * HKT's human capital fills PCC's need. * HKT's steady cashflows-HK $12 billion in annual cashflow will reduce need to rely on equity markets or debt financing to generate funds. * More Internet deals to come. * Blue chip candidate potential. This opens speculation that it could soon become a Hang Seng Index or Morgan Stanley Capital Index Hong Kong Free Index constituent. A thoughtful lurker PM'd this to me. Merry