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To: Doug who wrote (6758)	9/30/1998 10:25:00 PM
From: micromike	Read Replies (1) \| Respond to of 18016

Yahoo Mail, Amazon suffer outages news.com In related news, an outage also occurred yesterday on Yahoo's email service Yahoo Mail. A company source said the mail service's connection to the Internet, which is provided by GTE, was down from 4 p.m. to 10 p.m. PT. Does anybody know what gear GTE is using? Wonder if it's Cisco? Mike

To: Doug who wrote (6758)	10/1/1998 12:59:00 AM
From: pat mudge	Read Replies (2) \| Respond to of 18016

Optus plans IPO. States growth statistics: <<< THURSDAY OCTOBER 1 1998 Asia-Pacific Optus float aims to raise £345m By Gwen Robinson in Sydney and Alan Cane in London <Picture: Graph>Cable and Wireless Optus, Australia's second largest telecommunications group, yesterday announced an initial public offering that aims to raise A$1bn (£345m). The offer, which values the group at A$6.65bn, comes after previous attempts to float Optus, in which Cable and Wireless of the UK is the biggest shareholder, were thwarted by problems with its pay television and local call networks, litigation by fellow shareholders and poor market conditions. The Optus listing is one of several telecoms IPOs, including the $15bn flotation of Japan's DoCoMo, currently under way. Bankers say investor demand for the sector has held up well in spite of difficult market conditions because of its defensive and growth qualities. Under the plan to list Optus in late November on the Australian stock market, Cable and Wireless, with 49 per cent, would invest an extra A$1.45bn to bring its controlling interest to 52.8 per cent. Richard Brown, C&W chief executive, will become chairman of the newly floated company. Optus chief executive Chris Anderson said he was confident that the second half of this year was the right time to list on the Australian Stock Exchange. "We've taken A$350m out of the costs; we've got very strong revenue growth of 17 per cent and we're into profitability for the first time," he said. Mayne Nickless, the Australian healthcare and logistics group and the second largest shareholder with 25 per cent, would dispose of its Optus stake by offering its shareholders one new share in Optus for every 1.65 shares in Mayne Nickless. Analysts predicted the Optus float would be successful because of the robust growth and continuing potential of Australian telecoms, but the recent stock market downturn and the slide of the Australian dollar would take off some shine. In global terms, telecoms floats were among the only large capital raisings still drawing strong investor interest, said one analyst. C&W already has management control of Optus but the flotation and increase in C&W's stake will reinforce Mr Brown's strategy of focusing only on associate companies where it has ownership or control. C&W is intent on creating integrated communications companies, such as C&W Communications in the UK and Hongkong Telecom, which offer everything from entertainment through cable television to local and long-distance telephony and internet access.>>>>