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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (46833)	1/22/2002 10:51:06 PM
From: Dealer	Respond to of 65232

Chinadotcom is upbeat, stock surges Level 3's ax falls; Canon unveils WebView By Bill Clifford, CBS.MarketWatch.com Last Update: 5:45 PM ET Jan 16, 2002 HONG KONG (CBS.MW) -- Chinadotcom said Wednesday it expects to beat the average analyst forecast of $17.1 million in revenue when it reports fourth-quarter 2001 results in a few weeks. The pan-Asian e-business consultancy and portal operator (CHINA) also expects to deliver a smaller net loss than the consensus call of $10.4 million. Goals for the new year include breaking even on a cash-flow and net-profit basis by the fourth-quarter of 2002, chief financial officer Daniel Widdicombe said. Shares of Nasdaq-listed Chinadotcom soared 10.23 percent on the guidance -- sharply against the broader market's grain on Wednesday -- to $2.91, up 27 cents. In after-hours trading, the stock dipped a penny. Next level of job cuts Level 3 Communications (LVLT) has laid off 70 employees from its 190-person Asian workforce in preparation of the full takeover of the submarine-cable operator's assets later this week by Reach. Reach, an international telecom wholesale venture owned equally by Hong Kong's Pacific Century CyberWorks (PCW) and Australia's Telstra (TLS) has offered positions to 50 Level 3 employees in Hong Kong for a three-month transitional period. It has already offered permanent jobs to 25 staffers in Level 3's Japan office. Reach announced a month ago it would acquire the Asian assets of Level 3 for a net cost of roughly $80 million. None of Reach's own worldwide staff of 1,100 is subject to layoffs from the deal. Say cheese! Canon of Japan (CAJ) unveiled WebView Live Relay, a service developed with Hitachi (HIT) that uses the Internet to transmit live images to personal computers, personal digital assistants and mobile phones. Canon said business users could, for example transmit live images of a trade show or exhibition to promote products while attracting a virtual attendance. Those who receive images are able to control the camera's pan, zoom and tilt functions remotely from their viewing device.