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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (102070)	5/14/2001 3:47:01 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Heinz stop to be critic of the US the Brits are no better - if you have money just buy something Cable & Wireless to Buy Digital Island for $340 Mln (Update3) By Daniel Tilles London, May 14 (Bloomberg) -- Cable & Wireless Plc, owner of the third-largest network for Internet service providers, agreed to buy Digital Island Inc. for $340 million in cash and assumed debt to manage Web sites for more multinational customers. Cable & Wireless said it will pay $3.40 for each Digital Island share, or 8.6 percent more than the San Francisco-based company's closing price Friday. It will assume $49 million in net debt. The London-based company, which will announce full-year earnings this week, has been expanding into Web site management to offset declining prices for carrying data and voice traffic in Japan and the U.S. Digital Island offers a range of Internet services to customers such as Microsoft Corp. and Sony Corp. Analysts have said Cable & Wireless will be under pressure to return some of its estimated 3 billion pounds ($4.2 billion) of cash to shareholders if it doesn't make major acquisitions. quote.bloomberg.com