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

To: ms.smartest.person who wrote (2061)	11/26/2001 2:48:09 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

R Li: PCCW (0008) can maintain 10% biz growth 2001/11/26 09:39 (Infocast News) PCCW (0008) Chairman Richard Li told a newswire that the company should be able to maintain a 10% business growth, but the company will streamline the business structure by trimming those underperforming or overlapping. However, Li did not say directly if the company will axe workers. He added that the B2B e-commerce business of the company grew more than 70% in the first half of the year and he believed that the weighting of the contribution of such business will increase further in times to come. For the residential broadband Internet plug-in business, Li claimed that the subscribers have increased from 180,000 in early this year to more than 250,000 at present, and more than 50,000 parties choose the broadband services provided by now.com.hk which have been launched for more than one month. Li added that the company has invested US$300 milion in Cyberport and everything proceeds as scheduled and there is no financing problem. The company has also invested more than $4 billion in the PRC since there lies more room to develop in the Mainland market when it is compared with Hong Kong. infocastfn.com