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Technology Stocks : Pacific Internet Next HOT IPO? -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (421)	3/31/1999 5:27:00 PM
From: BomboochaBoy	Respond to of 912

Pacific Internet May Consider Selling Stake to Expand news.com Bloomberg News March 30, 1999, 5:51 a.m. PT Pacific Internet May Consider Selling Stake to Expand Singapore, March 30 (Bloomberg) -- Pacific Internet Ltd., Asia's first Internet-related company to trade in the U.S., will consider selling a stake in the company as part of its expansion into Europe and the U.S. ''We may consider letting'' international companies ''take a strategic stake in the company and take some cash upfront,'' Wong Kok Siew, the president of SembCorp Industries Ltd., PacNet's parent, said in an interview. ''We are already talking to some'' interested parties for this long-term move. Wong said the company's long-term expansion would come from strategic alliances both in the U.S and Europe. Currently, it plans to expand into Australia, the Philippines and India through acquisitions. It has Internet operations in Hong Kong. PacNet, is a unit of one of Southeast Asia's largest infrastructure and engineering companies and is one of the three Internet service providers in Singapore. PacNet competes in Singapore with SingNet, the Internet unit of Singapore Telecommunications Ltd., the dominant phone company, and CyberWay, a unit of StarHub Pte., which will offer fixed and mobile phone services on the island starting April 2000.

To: Herc who wrote (421)	3/31/1999 5:32:00 PM
From: BomboochaBoy	Read Replies (1) \| Respond to of 912

I have retained most shares and will be back aggressively at the next pullback. Herc, I would've been better locking my shares in the safe deposit box at the bank and LEFT THEM ALONE. Sold at 48 7/8 and 46 3/4 recently. This light bulb has gone dim. Hoping for a decent re-entry point. The Bloomberg story mentions possible partnerships, but names no names. I can't help thinking these potential partners have to be big names. Going global isn't exactly a game for small fries. Do I dare say, it may be AOL or Microsoft? MSFT is making overtures in Hong Kong, if I remember my research accurately. Can't ignore Yahoo! either. They're a huge international player. Any thoughts, anyone?