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To: ms.smartest.person who wrote (308)	8/21/2000 10:32:29 PM
From: ms.smartest.person	Respond to of 497

PCCW Japan, Sony PCL to Build US$40 Mln NOW Studio Aug 22,2000 - 10:21:58 HKT [Quote] [NetTraderCards] [Chart] (8) Pacific Century CyberWorks (0008), Asia's biggest Internet investment company, said it teamed with Sony PCL Inc. to build a 4.2 billion yen (US$40 million) studio in Tokyo, aiming to bring its NOW (Network of the World) service to Japan by mid-2001. PCCW unit PCCW-Japan will sign a legally binding agreement with Sony PCL, a wholly-owned unit of Sony Corp., under which Sony will provide audio and visual hardware and technical support in the development of PCCW-Japan's NOW studio. Construction of the project will begin later this year. At 10:18 a.m. Hong Kong time, PCCW shares were trading at HK$15.25, down 1.9 percent. [Quamnet News] quamnet.com