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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (269)	2/7/2001 5:27:16 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

PCCW to make reasonable arrangements on C&W stake-Li HONG KONG, Feb 7 (Reuters) - Internet and telecoms firm Pacific Century (Singapore: PCEN.SI - news) CyberWorks <0008.HK> will make arrangements soon to resolve uncertainty over Cable & Wireless Plc's 15 percent stake, PCCW Chairman Richard Li said on Wednesday. "We talk regularly with Cable & Wireless, and we are working together on the Cable & Wireless stake, and we will make reasonable arrangements within one or two weeks," Li told reporters outside a reception. Investors have punished PCCW over fears that C&W will dump half its stake once a lockup period lapses on Feb 17. PCCW has not so far found a buyer for the shares. Market speculation has been rife in Hong Kong over rumoured buyers for the C&W holding. Li declined to elaborate further on the C&W issue, citing regulatory constraints. PCCW shares, which peaked at HK$28.50 nearly a year ago, rose one percent on Wednesday to close at HK$4.675, slightly outpacing the slight gain for the Hang Seng Index <.HSI>. sg.biz.yahoo.com --------------------------------------------------------------------------------