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


To: ms.smartest.person who wrote (919)4/2/2001 4:30:28 AM
From: ms.smartest.person  Read Replies (1) | Respond to of 2248
 
DJ MARKET TALK/HK: C&W's PCCW Stake Sale Faces Hurdles

10:23, 2001-04-02

0904 [Dow Jones] Following recent downgrades by brokerages on PCCW (0008) due to flat earnings outlook after poor FY00 results announced last Wednesday, plus weak sentiment in global telecom sector, traders doubt if C&W PLC will find strategic investors to buy its PCCW stake soon. Some traders however argue although cash-rich C&W PLC not in hurry to sell stake, PCCW's sluggish earnings growth may push it to quickly sell stake as it has never shown commitment to being strategic investor in PCCW.(STT)
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