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

To: ms.smartest.person who wrote (997)	4/5/2001 11:46:39 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

DJ MARKET TALK/HK: PCCW Faces Dilution In Mobile JV 10:47, 2001-04-06 0919 [Dow Jones] PCCW (0008) may face dilution in its 40%-owned mobile JV Regional Wireless with Telestra, if it doesn't contribute own capital to mount 100% acquisition of Singapore's MobileOne, say analysts. Cash-strapped PCCW confirms it will inject existing 15% stake in M1 but didn't say whether it will pump in new capital for acquisition, which analysts say is unlikely. Valuing M1 at US$1.10-US$1.66 billion, PCCW would need to contribute at least US$440 million to acquire M1 if it wants to maintain shareholding structure. Share impact however unlikely much given lack of financial details of acquisition bid; but strong gains in U.S. stocks overnight, plus 17.4% rise in PCCW ADRs, likely to ease selling pressure and boost stock; ended down 3.1% at $2.325 on Wednesday.(STT) Copyright c 1999-2000 Dow Jones Inc. All rights reserved. quamnet.com