Pacific Internet und der steinige Weg - 500 Beiträge pro Seite

[Reiners]

An alle Leidensgenossen

Die Unternehmung ist ok. Die vermisste Agression am Markt in den letzten Monaten / Jahren ist dadurch begründet, dass Pacnets Strategie der letzten Jahre das halten der Quartalsergebisse um die Gewinnzone war. Soweit ok. Eben langfristiges solides Wachstum.

Die Strategie wurde jetzt zugunsten schnellen Wachstums geändert.(Invest von 25 Mio$ in PACNET, Indien und China) Gewinnerzielung ist nicht mehr oberste Priorität


------------------------------------------------------------

Pacnet hat aktuelle 2 große Probleme


Nr.1 das allgemeine Problem:

Allgemeine Marktpsyche bei asitatischen Internetwerten (siehe auch andere Werte) Problem sollte sich in einigen Monaten entschärfen


Nr.2 Anlegerstruktur bei Pacnet

Pacnet ist ein asiatischer Internetwert der Nasdaq gehandet wird. Die Marktkapitialisierung ist sehr gering. So ist Pacnet noch für Fonds uninteressant.

Die aktuellen Anleger bei Pacnet sind junge, dynamische Internetkenner, die sich sehr gut in der Branche auskennen (aber leider nur in den USA) und auch bereit sind schnell mal in andere erfolgversprechende Unternehmen zu wechseln, aber in besseren Zeiten auch schnell wieder in Pacnet zurückzukehren werden. Pacnet ist ein Spielball geworden.

Er fehlt an Langfristanleger wie z.B. Anleger bei Allianz, Cisco, AOL, u.s.w.

Erst bei Langfristanlegern verringert sich der zu Verfügung stehende Freefloat dramtisch und es würde zu starken langfristigen Kurssteigerungen kommen.


Lösung:

- Pacnet muß seine Expansionsstrategie weiterführen. (Sind dabei - siehe vergangene Postings)

- Langfristanleger in den USA finden (Roadshow USA Aug/Sep ist geplant)

- zusätzliche Nachfrage generieren (Doppellistung Singapur und weiterer Börsengänge geplant) Wobei hier noch gewartet wird bis die allgemeine Tendenz besser wird.



Sinnvoll wäre jetzt ein Aktienrückkaufprogramm (das aber angekündigt werden müßte)


Bewertung:
Das KUV ist immer noch bis zu 12 mal günstiger als bei den Konkurrenten



Fazit: Kurse von unter 10 Dollar sind möglich. Denn momentan zählt nur die Marktpsyche.

In 3-4 Jahren sollten wir uns trotzdem alle freuen können und Kurse von weit über 100 sollten möglich sein. Voraussetzung: PACNET schafft es eine wirkliche kleine AOL Asiens zu werden. Sie sind auf dem richtigen Weg. Nur Rom wurde auch nicht an einem Tag erbaut.

Der faire aktuelle Wert liegt etwa bei 60-70 Euro. Diesen Wert werden wir wahrscheinlich erst nächstes Jahr wiedersehen.


Also jetzt verkaufen und später noch günstiger einsteigen ist ein riskantes Spiel. Das muß jeder selber entscheiden.

Jetzt kaufen (auch wenn es noch bis auf 10$ runtergeht) sollte sich schon in 3-4 Monaten aber erst recht in 3-4 Jahren mehrfach auszahlen.

Aber immer schön am Ball bleiben und über die nächsten Monate/ Jahre die Einhaltung der Strategie überprüfen.


Gruß Ocke

[berufszocker]

hi reiners!!!

danke für die analyse. dein wort in gottes ohr.

bin schon seit 11 jahren im business, deswegen sind mir solche übertreibungen nix neues.

hab mal eine analyse gelesen, da stand das pcntf im jahr 2007 ca. 3$ gewinn pro aktie machen soll.

glaubst du daß das realistisch ist??

würde mit dir gerne mal einen chat führen.

meld dich mal

[e-mail]

[Reiners]

Ob das realistisch ist kann dir keiner sagen.

Wenn die Strategie (AOL Asiens) wirklich eingehalten werden kann, dann kann es möglich sein (aber 7 Jahre ist noch eine sehr lange Zeit für das Internet)

Deshalb nochmal:

Immer am Ball bleiben. Die Einhaltung der Strategie permanent überprüfen.



Die wahren Profis bauen jetzt erste Positionen auf

[Plunger]

@Berufszocker
Ich habe mal irgendwo gelesen, warum Analysten und ganz besonders Volkswirte mit Vorliebe langfristige Prognosen stellen. Und zwar tun sie es, damit sie erst morgen begründen müssen warum das was sie gestern prognostizierten heute nicht eingetreten ist.
Nichts für ungut, aber auf langfristige Prognosen von irgendwelchen Analysten würde ich lieber nicht traden.

[Reiners]

JUL 26 2000

Cheap, speedy surfing -- as long as it doesn`t rain



The new broadband Net service, which uses radio waves, will be here by year-end. Services will be 10% cheaper than what is available now



By OO GIN LEE


CHEAPER Internet surfing at blazingly high-speeds -- as long as it doesn`t rain.

That is the promise of a new broadband Internet service which uses radio waves. The service is coming here by the end of the year.

Mr Nicholas Lee, chief executive officer of regional Internet service provider Pacific Internet, said: ""Our broadband services using the new technology will be at least 10 per cent cheaper than what incumbents like SingTel offers.``

The two existing high-speed Internet services here are SingTel`s Magix, which uses telephone lines, and Singapore Cable Vision`s (SCV) cable-modem service, which uses the the same cable that carry television channels to homes.

Mr Lee said it offers comparable access speeds to Magix and cable modem.

It uses radio waves to beam data from ""base stations`` -- which will be erected around the island -- to surrounding buildings.

Pacific Internet`s trial system reached access speeds of 8 Mbps per receiving station, but individual users may get less if more people share the connection.

SCV offers maximum access speeds of up to 1.5 Mbps while Magix offers up to 512 kbps.

The technology, which has just undergone a successful initial trial, is called local multipoint distribution service (LMDS).

Ms Elaine Lai, Pacific Internet`s director of engineering and network operations, said the tests have shown that surfing speeds are slower in rain, which interferes with radio waves.

But the interference is acceptable if the base stations are less than 1.5 km from the receiving stations, she added.

Pacific Internet plans to roll out broadband packages by the end of the year, subject to obtaining a licence from the Infocomm Development Authority of Singapore (IDA).

IDA announced two days ago that it will be issuing up to six LMDS licences by year-end.

LDMS will not spell the death of wires and cables, as the radio connection applies only to the transmission of data between the base station and receiving stations.

Cables and wires will still be used from the base station to the Internet and from the receiving station to the users` computers.

[Shinji]

@ Reiners

Da du hier und in anderen Diskussionen mehrmals erwähnst, daß PacNet die "AOL Asiens" werden will, frage ich mich, wie PacNet das werden will? AOL ist nämlich ein Onlinedienst mit Internetzugang, der durch seine eigene, spezifische Infrastruktur und leicht zu bedienende Software sehr weit verbreitet ist. Dadurch kann sich AOL auch die noch in vielen Ländern gültigen Minutenpreise entsprechened hoch setzen. Aber damit nicht alleine, verdient AOL auch noch kräftig an Werbeeinnahmen und eCommerce in seinem Onlinedienst. Das ist es ja, was AOL (und evtl. noch T-Online) so außergewöhnlich machen, PacNet dagegen ist ein reiner ISP der bisher durch "dial-up services" sein Geld gemacht hat, die allerdings durch kostenlose Interzugänge in Singapur und bald auch in anderen asiat. Ländern nicht mehr existent sein werden. Daher frage ich mich, wie es mit PacNet weitergehen soll, mit eCommerce ist in Asien noch kein Blumentopf zu gewinnen und die immer noch ausstehende aggressive Expansion (25$ Millionen Singapur Dollar sind ein Witz, wenn man die Pläne mit anderen wie China.com oder PCCW vergleicht) wird sich früher oder später rächen. Wenn PacNet nicht schleunigst aggressiv expandiert (Verluste machen, warum nicht, machen alle anderen doch auch. Und die haben kein finanzkräftiges Konglomerat namens Sembcorp. hinter sich) und die Beziehungen zu den Analysten nicht entscheident verbessert dann sehe ich wirklich schwarz (zumindest für den Aktienkurs). Das angekündigte Doppellisting in Singapur dürfte sich wohl allerdings positiv auf den derzeitigen Aktienkurs niederschlagen.

Warum nutzt PacNet seine einzigartige Position nicht, nämlich eine finanzkräftige Mutter hinter sich zu haben, und kauft sich endlich mal in den chinesischen Markt ein bzw. akquiriert nicht mal endlich einen wirklich großen ISP, das Geld dazu wäre da...

Natürlich kann es sein, daß die Situation in 3-4 Jahren anders aussieht, aber zur Zeit ist PacNet kein Kauf (mehr) für mich und wer weiss schon, was in 4 Jahren ist? (die Bewertung z.Zt. ist allerdings wirklich ein Witz, aber die Amis kümmert das ja nicht...)

Gruß,

Shinji

[Reiners]

Du bist nicht mehr ganz "up to date"

Pacnet ist Komplettanbieter wie auch AOL
"4Cs" (connection, commerce, content and community)



About Pacfusion.com Rated consistently as one of Singapore`s most popular websites by ACNielsen eRatings.com, Pacfusion.com is positioned as Asia`s premier dot com company focusing on both the business-to-business (B2B) and business-to-consumer (B2C) segments.

About Pacific Internet Pacific Internet is listed on the NASDAQ stock exchange under PCNTF. Pacific Internet offers award-winning services in Singapore, Hong Kong, the Philippines, Australia, India and Thailand; including Internet access, portal sites and web lifestyle with the "4Cs" (connection, commerce, content and community) under Pacfusion.com. Pacific Internet won the Best ISP in Asia-Pacific award in 1999 and 2000 from Telecom Asia, and the Best ISP in Singapore award in 1997, 1998 and 1999 from ComputerWorld Publications.

[Shinji]

Nein, ich kenne die ominösen 4Cs. Was ich meinte war, PacNet bietet keinen eigenen Onlinedienst an, sonder nur einen Dial-Up Service verbunden mit eCommerce und community Angeboten auf der PacFusion Seite, das ist ein Riesenunterschied. Denn AOL (von mir aus auch T-Online) kann durch die Bindung an die Software entscheident mehr Boden wettmachen als durch eine reine Portalseite wie z.B. PacFusion. Ich denke es wird dir jeder AOL User bestätigen können, daß vermehrt daß Onlineangebot benutzt wird anstelle der Portalseite von AOL... was ja auch vollkommen logisch ist.

Ist wie gesagt nur ein Aspekt, der mir an dem Vergleich mit PacNet <-> AOL nicht gefällt.

Gruß,

Shinji

[Gatsby2]

RE: Shinji

Das mit der software ist allerdings einer der Vergleiche zwischen AOL und PacNet, die mich weniger stoeren.
Zumal er ohnehin nicht so ganz passt, denn Du kannst t-online auch mit dem ganz normalen Windows-dialler
betreiben. Die sog. Zugangssoftware ist - abgesehen von HBCI - eine reine Verarschung, mit der sie Dir nur ihre
Werbekunden praesentieren wollen. Das gelingt zugegebenermassen ein wenig besser, denn es ist halt auf-
dringlicher, als eine schlichte Portalseite. Zumal sie mit der Zugangssoftware auch noch schoen Deine jeweiligen
Zugriffe ueberwachen koennen. Ach ja, und nicht zu vergessen die schoenen "upgrades", mit denen auf Kosten
der von Dir bezahlten Zeit die Werbebildchen aufgefrischt werden. Ehrlich gesagt: als user wuerde ich ggf.
PacNet glatt vorziehen. ... Meine Meinung als Aktionaer kennst Du ja

Gruss

Gatsby

;-))

[berufszocker]

man sagt pcntf soll die aol asiens werden.

zu eweb (890023) sagt man das gleiche auf eastern europe bezogen.

vielleicht hat jemand lust diesen wert zu analysieren, denn momentan stehe mit meiner meinung (noch) alleine da.

danke

mfg

[Reiners]

Hey - was ist denn jetzt los. Mal nicht im Minus .

Verkehrte Welt . LOL

[Shinji]

PCNTF wird meiner Vermutung nach auch heute im Minus bzw. nur leichtem Plus (bedingt durch eine bisher noch positive NASDAQ) schliessen, gibt ja nix was eine andere Richtung rechtfertigen würde... leider.

Gruß,

Shinji

PS: Inzwischen habe ich mein frei gewordenes Kapital für etwas Intraday-Handel benutzt und siehe da, schon ein bisschen Verluste ausgeglichen, beim nächsten Mal warte ich nicht so lange ... der Sommer scheint sich wohl nur fürs Gezocke zu eignen :-(

[Reiners]

The Singapore-based ISP is responding to domestic competition by moving into other Asian markets.


Despite increasingly fierce competition in Singapore, Pacific Internet (OTC:PCNTF - news), one of the nation`s three Internet service providers (ISPs), is holding its own.

Analysts say that`s because PacNet, as the company is known, has aspirations that lie beyond the shores of the island republic.

``The market size of Singapore is so small compared to what the region has to offer. PacNet has done the right thing in getting into aggressive regional expansion,`` says Lim Chuan Yang, telecom analyst with RHB Cathay Research in Singapore.

PacNet`s presence has been challenged by the recent addition of StarHub -- a consortium of British Telecom (NYSE:BTY - news), NTT (NYSE:NTT - news), ST Communications and Singapore Power -- to Singapore`s ISP line-up. StarHub entered the fray alongside PacNet and Singapore Telecommunications` (OTC:SGTJF - news) Internet arm SingNet as part of Singapore`s drive to liberalize telecommunications in line with developments throughout the rest of Asia.

Giveaway Contest
StarHub immediately laid its cards on the table with a free Internet strategy. SingNet followed suit. Due to that competitive pressure, PacNet slashed its own prices.

``We lowered our rates to a level that customers were happy with and so they stayed with us,`` says Alan Tan, PacNet`s manager of investor relations.

Analysts agree that the free Internet service from StarHub and SingNet may have cornered marginal users, but people willing to pay more have stayed put with PacNet.

Tan boasts of 200,000 dial-up subscribers and around 600 corporate lease lines in Singapore.

But Tan adds that Singapore is no longer growing at 20% to 30%. It`s now more like 4% to 5%, says Tan and acquisitions are becoming more difficult.

Waning Dependency
``PacNet`s dependency on Singapore is getting smaller and smaller, even though it`s based there,`` says a regional telecom analyst with a foreign brokerage in Singapore.

In the first quarter ended March, Singapore accounted for 65.6% of PacNet`s revenue compared with 72% in the year-ago quarter.

And cutting that umbilical cord is vital to future survival and growth.

``To be really viable in Asia, you have to go out of Singapore,`` says PacNet`s Tan.

PacNet started to move out in 1996 and 1997 and is now active in six Asian countries - Singapore, Hong Kong, the Philippines, Australia, Thailand and India.

In the first quarter, PacNet`s growth excluding Singapore was 156% -- and the company expects growth to continue at that rate. PacNet is the number-one ISP in the Philippines. In Hong Kong, it is the number-one corporate provider. PacNet expects a similar place in the Indian market.

In China, PacNet is in discussions with a local partner with a view to entering that market by the end of the year. PacNet expects to invest another 5 million to 10 million Singapore dollars in China.

Roll Out the Broadband
But while PacNet acknowledges that the Singapore market is becoming increasingly difficult for expansion, it has no plans to jump ship. Even in the future, PacNet expects local operations to continue to comprise the bulk of its revenue, although it will come down in relation to the other five countries PacNet operates in.

``PacNet is not neglecting Singapore,`` says PacNet`s Tan. ``We are carrying the flag in Singapore. We have always been the ISP to emulate.``

PacNet plans to roll out a new wireless broadband Internet-access service by the end of the year. The company will sink an initial S$10 million into that project.

PacNet intends to eventually offer broadband digital subscriber lines to corporate clients at a cheaper rate than those offered by SingNet.

Additionally, PacNet has pledged to spend between S$15 million and S$20 million to expand its e-commerce unit PACfusion.com.

And as far as the competition goes, free Internet services could well become too expensive for StarHub and SingNet. Singapore`s regulatory authorities do not allow companies to cross-subsidize the Internet services. Already StarHub and SingNet are no longer advertising those free services.

RHB Cathay`s Lim says that at March 2000, the average monthly revenue per user was S$35 per month. That figure will likely be down to zero in no time at all he says, although SingNet does still get some subscriber fees.

Down With It
PacNet releases its second-quarter earnings in mid-August. Analysts generally expect those earnings to be down from the first-quarter numbers.

In the first quarter ended March, PacNet posted net income of S$3.2 million on turnover of S$26 million. That was up from a profit of S$2.96 million on turnover of S$19.4 million in the year-ago quarter.

In the first place, first-quarter figures did not reflect the impact of the free Internet services from StarHub and SingNet. Those services had only just been launched.

Furthermore, when PacNet released first-quarter results, it hinted that profitability would likely be squeezed by the big investments in India (at the time, PacNet forecast investments of S$5 million to S$10 million), by acquisitions (such as the travel agency unit Safe & Mansfield Travel Group) and by consolidating acquisitions in Australia.

``Earnings will likely be flat, but it`s about the growth factor for the subscriber base,`` says the anonymous regional telecom analyst.

``PacNet is a regional player, it has expanded into huge markets and there`s a promise of serious growth,`` he says.

[CHW]

Im Yahoo Board wird spekuliert, ob Pacific Internet mit folgender Meldung involviert ist. Wie ist Eure Meinung?
Wäre langsam Zeit für gute Neuigkeiten.


FYI....
by: kivdor
8/3/00 3:06 pm
Msg: 28102 of 28112
CyberWorks might set up subsidiary in S`pore

By Fran Foo and Michelle Tan

Singapore CNET, Thursday, August 3 2000

SINGAPORE--Richard Li`s Pacific Century CyberWorks Ltd, one of Asia`s biggest Internet investment companies, might establish a subsidiary in the island
state, sources said.
When contacted, CyberWorks spokesperson Joan Wagner did not discount the possibility (of a subsidiary here) but said that more details would be provided in
two weeks.

"An important part of our merger is to expand regionally, and we will be looking at all possibilities for doing so...either through joint ventures or (by setting up)
subsidiaries," Wagner said in a phone interview with Singapore.CNET.com.

"Some of the JVs and subsidiaries set up regionally could end up with their HQs in Spore," Wagner said, adding that nothing is final. "Further information would
be provided "shortly after" the merger (between Cable & Wireless HKT and CyberWorks) is finalized on August 17".

TF Chong, a Singapore-based telecoms analyst welcomed the news. "Needless to say, all eyes will be on (Richard) Li".

If the Singapore subsidiary is indeed established, Chong says it would be a boost to local Internet start-ups.

"The fact of the matter is that if Richard Li has a stake in your company, then you`re quite set...this is (of course) provided you deliver the goods," Chong said,
citing Horizon.com as an example.

CyberWorks` 5 percent or S$5 million stake in the Singapore-based broadband player buyoed its Initial Public Offering (IPO) when Horizon made its debut on
the Singapore Exchange in January. Horizon closed its first trading day by a whopping 124 percent increase or S$1.88 to close at S$4.22.

CyberWorks also holds equity in other local companies such as SilkRoute Holdings and MediaRing.com.

Yesterday, the Hong Kong court approved the merger of C&W HKT and CyberWorks, clearing the final hurdle in entrepreneur Richard Li`s five-month quest to
take over Hong Kong`s dominant phone company, Bloomberg reported.

The merger will take effect on August 17 after C&W HKT`s last trading day, August 8. The following day, CyberWorks will join the benchmark Hang Seng
Index.

Cable & Wireless plc agreed in February to sell control of C&W HKT to CyberWorks for as much as US$38.1 billion. C&W is trying to exit consumer
businesses and focus instead on providing voice, data and online services to corporate customers.

C&W HKT is a 129-year-old company which owns more than one phone line for every two Hong Kong people.

CyberWorks has not announced the management of the new company. HKT Chief Executive Linus Cheung said he expects 95 percent of HKT staff to remain
with the combined company.

C&W HKT closed at HK$18.70, up HK$0.20 while CyberWorks ended the day at HK$17.20, a HK$0.45 increase.


Singapore CNET

[boltar]

Pacfusion.com Forms Partnership with eGuide


SINGAPORE (Thursday, August 3, 2000) - eGuide Singapore Pte Ltd, Singapore’s premier online business search directory, has entered into a strategic partnership with Nasdaq-listed Pacific Internet Limited (NASDAQ: PCNTF) to provide its online directory to users of Pacific Internet’s e-business portal, Pacfusion.com.

eGuide operates a comprehensive regional database covering 80,000 companies in Singapore and 180,000 companies in Malaysia.  By year end, its online directory is expected to have over a million listings, with approximately 12,000 classifications of Products and Services, Company names and Brands, all catering to a mixed use of commercial and lifestyle needs. 

Under a Memorandum of Understanding signed between both parties, a co-branded website located within Pacfusion.com’s eConcierge segment will feature content from eGuide, complete with real-time updates of information from eGuide’s main online directory. “Positioned as a one-stop online butler service, Pacfusion.com’s eConcierge offerings is a natural complement to eGuide.  We are confident that eGuide’s reputation as a credible online directory will enhance the overall ‘stickiness’ of Pacfusion.com to its users,” said Mr. Larry Ang, President of Pacfusion.com.

“Pacfusion.com’s partnership with eGuide is yet another endorsement of the depth, accuracy and usefulness of eGuide’s online directory,” said Mr. Ricky Koh, CEO of eGuide Singapore.  “This partnership will allow eGuide’s advertisers to benefit from the increased visibility and traffic that Pacfusion.com enjoys as Singapore’s top local website. We are also exploring the possibilities of extending this partnership to other parts of the region such as Thailand and Hong Kong,” he continued.


###

About Pacfusion.com
Consistently rated as one of Singapore’s most popular websites by ACNielsen eRatings.com, Pacfusion.com is positioned as Asia’s premier dot com company focusing on both the business-to-business (B2B) and business-to-consumer (B2C) segments.

About Pacific Internet
Pacific Internet is listed on the NASDAQ stock exchange under the ticker symbol PCNTF. Pacific Internet offers award-winning Internet access services in Singapore, Hong Kong, the Philippines, Australia, India and Thailand; including portal sites and the ultimate web lifestyle with the "4Cs" (connection, commerce, content and community) under Pacfusion.com.  Pacific Internet won the Best ISP in Asia-Pacific award in 1999 and 2000 from Telecom Asia, and the Best ISP in Singapore award in 1997, 1998 and 1999 from ComputerWorld Publications.

About eGuide
Headquartered in Singapore, eGuide is a regional publisher of an online business directory accessible on the internet and through WAP Phones which is powered by its proprietary search engines to provide users with quick and easy access to a comprehensive and regional database covering 80,000 companies in Singapore and 140,000 companies in Malaysia. An additional database of over a million companies culled from its markets in Thailand, Hong Kong and Australia will go online by the end of the year. eGuide’s databases are designed to provide its users with approximately 12,000 classifications of Products and Services, Company Names and Brands, all catering to a mixed use of Commercial and Lifestyle needs. eGuide currently employs 200 persons across the region.  For additional information, visit <http://www.eguide.com.sg/>

[Chartdeuter]

Hallo Mitgesellschafter von PacNet !

Auch ich glaube an eine fantastische Kursentwicklung. Leider kann ich
das die Berichte in "fachenglisch" nur schlecht nachvollziehen.
Kann jemand die vorstehenden Berichte in verständliche deutsche
Sätze übersetzen.

P.S. Charttechnisch steht PacNet "bescheiden" da.

Chartdeuter

[Reiners]

Indien hat jetzt 1,4 Mio Internetnutzer - PCCW u.a. pushen weiter

Nach den Zahlen vom Juni diesen Jahres hat Indien inzwischen 1,4 Mio Internetnutzer. So berichtete die Economic Times. Damit hat sich die Zahl der Internetnutzer seit November 1998 versiebenfacht. Zu dieser Zeit hatte die Regierung privaten Gesellschaften genehmigt, Internetservices zu verkaufen.

Der größte Internetanbieter des Landes ist Videsh Sanchar Nigam Ltd. mit 450.000 Abonnenten.
Besonders British Telecom Plc., Pacific Century CyberWorks Ltd. und Pacific Internet Ltd. versuchen jetzt, deutlich mehr Internetkunden im ganzen Land zu gewinnen.
Nur bei einer großen Zahl an Nutzern rentiert sich auch das geplante Asia- Pacific- Unterwasserkabel, an dem beispielsweise auch Britih Telecom Plc. beteiligt ist.

[Reiners]

Wieder im Plus

Kommt der Phonix aus der Asche oder doch nur eine allgemeine technische Gegenreaktion.

Wahrscheinlich zweiteres.

Aber egal besser als wieder mal minus.

Gruß Ocke

Ich bin mal gespannt auf die Zahlen am 16.8.

[CHW]

Pacific Internet- einfach nur frustrierend

Das Investor Relation Department könnte man auch schließen, die haben es nicht nötig überhaupt zu antworten.

Koreas größter ISP hat nur für den letzten Monat 60000 Neukunden gemeldet, wohlgemerkt ausschließlich in Korea.

Pacific Internet ist ja so stolz in 6 verschiedenen Ländern "AKTIV" zu sein. Nur, wo bleiben die Kunden???

Pacific Internet gibt sich alle Mühe, daß niemand auf die Aktie aufmerksam wird. Gutgemeinte Ratschläge verhallen wirkungslos.
Kursbewegende Neuigkeiten gibt es überhaupt keine.

Wenn man das Ziel hat, Nummer1 in Asien zu werden, warum handelt man nicht danach???

China ist der Wachstumsmarkt schlechthin, vielleicht will sich Pacific Internet dort ja Ende des Jahres wieder eine drittklassige Beteiligung für viel Geld erwerben.
Warum handelt in diesem Unternehmen niemand???

Warum gibt es keine Kooperationen mit Blue Chips??

Unterbewertet ist Pacific Internet ganz sicher, aber viel trägt das Unternehmen auch nicht dazu bei, das abzuändern.
Und die Stimmung der Aktionäre, viel schlechter kann sie nicht mehr werden.

Ein restlos frustrierter CHW

[Reiners]

Die Fragen werden gestellt: AM 16.8.2000 werden sie sich äußern.



`N all with the same Questions:

- Q2 results?

- how many more subscribers?

- when is the listing in Singapore taking place?

- how long will SembCorpse hold on to their stake?

- when is the IPO for PacFusion?

- how do they intend to stand up to their competitors in India. Latest news: PCCW moving into India on big scale. (Oh, and BTW: Any news about how WIPRO proceeds over there?)

Bottom line: Hello, PacNet! Is your management still awake?? Do you have any Investor relations dept. at all??


Aber ein kleiner Trost:

Die von dir angesprochenen Korea Thurnemet haben auf die Nachricht mit den 60.000 Neuuser (in einem Monat) sogar noch im Kurs nachgegeben. Aktuell 10 $ (von 73$ gefallen)

Fazit: Asia ist momentan out (siehe auch Nordasia Fund) bei 54, Hoch bei 131, Ausgabe 100)

[CHW]

Ist es zu glauben, ich habe tatsächlich aufs drittemal Nachfragen eine Antwort erhalten!

Mr Weisse,

I would like apologise on behalf of the company for the perceived lack of
response to your earlier questions. It is not our intention to ignore our
investors` queries, nor do we want to provide the impression that our
company is without "honor". While we believe that while we have been
forthcoming in our responses to the investing public and analysts alike, we
hope to be able to improve on our record.

In your earlier email, which we received on 4 Aug 2000, you asked the
following questions (please correct me if I have represented you wrongly):

Q1 - Why are so many press releases published on your webpage, but not in
Yahoo?

A1 - our press releases are released through the following channels:
Business News Wire, major media channels like Reuters, Bloomberg and
DowJones, our list of sell-side analysts in Asia and the US, our investor
mailing lists, and local media channels in Singapore. We have confirmed
that all of our press releases through Business News Wire is updated in the
Yahoo! Finance section relating specifically to PCNTF. While we believe
that our current list of information channels is wide enough to ensure the
widest possible dissemination of our press releases, we acknowledge that
there may may be some blind spots that cannot be covered without becoming
too cost-ineffective. Therefore, we make it a point in all communications,
to get investors, analysts and the public alike, to refer to our website as
well.


Q2 - Why do you give your shareholders in this difficult times the feeling
you do not care at all about the all time lows and the negative
performance of your stock? Why don´t you make perfectly clear in interviews
Pacific Internet is
right now badly undervalued?


A2 and A3 - On a cautionary note, our company cannot be seen to be making
definitive statements on what our "actual share price value" should be,
given that proper valuation takes into account future performance as well.
Such statements are considered as forward looking, and are frowned upon by
the SEC.

We would also like to state that the recent market downturn has been harsh
not just for PacNet, but on the industry as a whole. There are risks that
are beyond our control when it comes to investment in any stock in the
market. However, we believe that the shakeout will result in a few dominant
players controlling the Asian block, and we are convinced that we will be
one of them.


Q4 - Why don´t you try to grow more aggressively?

A4 - We have stated in (previous press releases) that growth is one of our
key strategies to success: hence, our ventures into countries like India,
and other greenfield Asian countries, which we acknowledge will take time
to grow into sustainable and profitable businesses. Unbridled growth for
the sake of growth, without a clear focus on returns, and in the absence of
an infinite amount of resources, is clearly not a optimum method of investment.


Q5 - Are you not aware Pacific Internet needs some breaking news?

A5 - We have consistently issued press releases and communiques on
significant news concerning our company, the latest examples being our
pioneering of wireless broadband in Singapore, our portal launch in Hong
Kong, and our investment plans with regards to expansion in Asia Pacific.
(once again, you can find these press releases in Yahoo!Finance). We are
always in continuous discussions with potential partners, and we will make
the announcements as and when they are finalized.


I hope that I have gone some ways to answering your queries regarding
Pacific Internet. Once again, I thank you for the opportunity to represent
the company`s views, and to invite you to attend our 2Q conference call,
which will be held at 700am and 1000am EDT on 16 August. Details of the
conference call can be found in Yahoo! Finance, or at our website
<http://www2.pacfusion.com/sg/aboutPI/press/>.


With best regards,

[CHW]

Und hier noch die neueste Einschätzung von Steve Harmon zu PacNet und Terra:

Steve Harmon:

Die Technologie-Korrektur im April hat die Landschaft und den Zeithorizont
verändert: "Bargeld lacht" ist der neue Slogan bei vielen Firmen. Aber ich
glaube, dass die beiden von Ihnen genannten Unternehmen viel Cash im
Rücken haben: PacNet hat die Regierung von Singapur als Geldgeber, hinter
Terra Networks steht der spanische Telekomriese Telefonica. Meiner
Meinung nach haben diese beiden Firmen gezeigt, dass sie sich auf
geänderte Marktbedingungen einstellen können; sie verfügen zudem über ein
erfahrenes Management und sind weltweit aktiv. Leider haben viele Aktien
in diesem Frühjahr ihre bisherigen Hochs gesehen. Sie sollten also Geduld
haben, es könnte durchaus zwei bis drei Jahre dauern, bis diese Firmen ihr
Potential realisieren.

[Reiners]

CHW das Statement von S. Harmon ist min. schon 3 Monate alt.


Danke das Du das e-mail von PACNET reingestellt hast.
----------------------------------------------------------------------



Pacific Internet and Internet2Anywhere Extend Reach of the Internet to Offline World
CHANTILLY, Va., Aug. 10 /PRNewswire/ -- Asia`s leading Internet service provider, Pacific Internet Limited (Nasdaq: PCNTF - news) today announced that it has forged a strategic partnership with Internet2Anywhere (in2a) to introduce a new innovative value-added service called WebRinger(TM) across the Asia Pacific region, through its e-business subsidiary, Pacfusion.com.

Powered by technology from in2a, WebRinger(TM) is a free real-time service that allows users online to notify people who are offline using existing telephony networks. Pacfusion.com members are now able to keep in touch even when they are not connected to the Internet.

Under an agreement signed between both parties, a co-branded website (http://www.pacfusion.com/econtacts/webringer/index.phtml) will be hosted at the eContacts segment of Pacfusion.com and advertising revenue generated will be shared equally.

Surfers simply register themselves, download the WebRinger(TM) software and install the program at the co-branded website. Once registered, users of WebRinger(TM) who are not connected to the Internet can receive notifications anywhere, anytime, either through a mobile phone or computer. When the user`s computer receives a notification, a pop-up window is displayed. If users choose to be notified via mobile phone, a customizable pre-recorded message is played.

``The Internet provides valuable communications and e-commerce opportunities 24 hours a day, 7 days a week -- often when users are not online,`` said Larry Ang, President of Pacfusion.com. ``By using WebRinger(TM) we extend the power of the Internet to the offline world by delivering real- time alerts to users who are offline enabling them to be notified of time- sensitive information.``

in2a`s WebRinger(TM) technology is being developed to support e-commerce applications that will put users one click away from completing time-sensitive transactions on both wired and mobile devices (e.g., auctions, closeout sales, flight confirmations).

``In the coming months, our technology will enable users of enabled wireless devices to predefine their interests and receive offline hyperlinks that will automatically connect them to content offerings and e-commerce opportunities,`` said Gary LaFever, President and CEO of Internet2Anywhere. ``We fill a huge void in permission-based marketing by providing real-time contact that empowers offline users to seamlessly transact time-sensitive e-commerce opportunities online.``

In the upcoming version of WebRinger(TM), which should be available in the coming weeks, users can pre-select prices of time-sensitive product offerings at which they would be interested in purchasing and then receive real-time offline alerts at their desktop or wireless device when price/product combinations occur. These alerts would include offline hyperlinks that connect directly to web pages that would have all the information necessary to complete transactions with the single click of a button.

About Pacfusion.com

Consistently rated as one of Singapore`s most popular websites by ACNielsen eRatings.com, Pacfusion.com is positioned as Asia`s premier dot com company focusing on both the business-to-business (B2B) and business-to- consumer (B2C) segments.

About Pacific Internet

Pacific Internet is listed on the NASDAQ stock exchange under the ticker symbol PCNTF. Pacific Internet offers award-winning Internet access services in Singapore, Hong Kong, the Philippines, Australia, India and Thailand; including portal sites and the ultimate web lifestyle with the ``4Cs`` (connection, commerce, content and community) under Pacfusion.com. Pacific Internet won the Best ISP in Asia-Pacific award in 1999 and 2000 from Telecom Asia, and the Best ISP in Singapore award in 1997, 1998 and 1999 from ComputerWorld Publications.

About Internet2Anywhere (http://www.in2a.com)

Internet2Anywhere, Inc. (``in2a``) is a United States (Delaware) corporation formed to acquire the outstanding stock, intellectual assets and management team of Internet2Anywhere, Ltd., an Israeli company that developed the revolutionary intelligent signaling technology at the heart of the in2a technology. in2a received its initial common stock/debt financing from Citigroup Investments, ING Barings and a number of high visibility Wall Street players and is in the midst of securing its first preferred stock financing and structuring strategic partnerships.

[Das Hirn]

Das Statement von Steve Harmon ist vom 9.8.
Quelle: http://www.steve-harmon.de/report/current/0809.html

Aber daß Steve Harmon PCNTF immer noch die Stange hält, war auch zu erwarten.

Hier ein Statement von Mike Simon zu PCNTF:

Kommt PCNTF noch einmal auf die Füße??
Mike Simon:
Wird zu allermindest noch etwas geduld brauchen. Aber selbst dann ist PCNTF noch immer ein ISP, und diese bekommen kein grosses premium.

Quelle: http://62.26.220.32/board/beitrag.php3?GruppenID=111&HBeitragID=105880&BeitragsNr=-1&MirrorID=1

Da kann ich nur auf den Kontraindikatoreffekt hoffen.....


Gruß Das Hirn

[Chartdeuter]

Liebe Mitgesellschafter,

der Kurs befindet sich charttechnisch gesehen dicht an der oberen Begrenzung eines langfristigen Abwärtstrendkanal. Sollte der Kurs die Marke von 17,40 Euro
überwinden, könnte dies einen Ausbruch nach oben ankündigen. Die untere Begrenzung des Abwärtstrendkanals liegt jedoch deutlich unter 10 Euro. Der MACD steht kurz vor einem Kaufsignal. Übrige Indikatoren sind neutral bis leicht negativ. Die 20-Tage-Linie verläuft bei ca. 19,30 Euro, die 200-Tage-Linie bei ca. 43 Euro. Die Luft nach unten ist aus meiner Sicht begrenzt, Widerstände nach oben liegen zunächst bei 22 Euro und anschließend bei 28 Euro. Meiner Einschätzung nach könnten wir nach dem 22.08.2000 mit einem Durchstarten der Nasdaq rechnen, da im Falle einer nicht stattfindenden Zinserhöhung dieses Thema für 2000 Jahr erledigt sein dürfte und sonst keine marktbelastenden Faktoren mehr belasten. Kurse unter 20 Euro sind meines Erachtens absolute Kaufkurse. Derzeit liegt das KGV bei ca. 27, sogar günstiger als mancher Dax-Wert (FMC, E.ON..), jedoch mit viel höheren Wachstumsraten.

Mein Motto: dranbleiben, und auf 100 % Kurssteigerung bis Jahresende warten.

[Reiners]

CyberWorks, Data Access to begin India operations in 6 weeks
By Bloomberg, CNET News.com
Friday, August 11 2000

NEW DELHI--Pacific Century CyberWorks Ltd, Asia`s No 2 Internet investment company, and its Indian partner Data Access India Pvt said they plan to start Internet services in the country within six weeks.
CyberWorks, controlled by Hong-Kong based businessman Richard Li, owns 49 percent of Data Access, which won an India-wide license to provide Internet services for about US$40 million in March this year.

"We are planning a national roll out, offering a whole host of services," Siddharth Ray, managing director at Data Access, said in an interview.

The Internet service provider plans to offer services in 140 cities in India. The company will use its own satellite-based gateway in New Delhi to connect to the Internet for its service.

CyberWorks follows companies such as Pacific Internet Ltd, and British Telecom Plc to India.

Internet users in the country are expected to surge 11 times to 30 million by 2004, according to a report by Credit Lyonnais Securities Asia.

Copyright 2000, Bloomberg L.P. All Rights Reserved.

Related Stories

Internet subscribers in India cross 1.4m in June August 4 2000
Indian Internet usage to rise 600% July 26 2000
Private Internet gateway breaks India’s state monopoly July 26 2000

[Das Hirn]

Die Anzahl der geshorteten Aktien bei PCNTF nimmt ab.
Quelle: http://www.bullstocks.com/


PCNTF Pacific Internet Limited

Month__Shares__Avg Daily__Ratio*
_______Short___Volume
07/00__78,324__100,370____0.78
06/00__123,976_135,721____0.91
05/00__140,376_115,604____1.21
04/00__68,329__126,104____0.54
03/00__41,042__311,561____0.13
02/00__83,844__248,512____0.34

*Ratio = Shares Short / Avg Daily Volume; it may be used as a rough
measure of days to cover.


Allerdings weiß ich nicht, ob dies zuverlässig als positives Zeichen
für die weitere Kursentwicklung von PCNTF gewertet werden kann. Bisher ist der Kurs von PCNTF ja nur gefallen....

Gruß Das Hirn

[Das Hirn]

Hallo,
schaut Euch mal Bid- und Ask-Kurse vom Freitag abend an:
Bid = 11$, Ask = 16.75$, Umsatz vom Freitag = 16200 Stück,
nicht mal ein Fünftel vom durchschnittlichen Umsatz.
Keiner will kaufen, keiner will verkaufen.
Wenigstens kein Ausverkauf.

Gruß Das Hirn

[CHW]

@Das Hirn
Laß Dich von den nachbörslichen Kursfeststellungen nicht beirren.Unter http://quotes.nasdaq-amex.com
kannst Du unter extended trading die tatsächlichen vor- und nachbörslichen Kursfeststellungen abfragen.
Bei einigen Werten, wie z.B Pacific Internet haben die von Dir angegebenen Werte leider Null Aussagekraft.

Ob die minimalen Umsätze ein gutes Zeichen sind, ist schwer zu sagen. M.E.bedeutet das nur, daß vor den Quartalszahlen nur noch wenige bereit sind,
zu diesen Kursen zu verkaufen. Auf der anderen Seite gibt es auch nichts zu beschönigen, das Käuferinteresse für Pacnet ist einfach nicht vorhanden.

Ich werde sehr aufmerksam die Zahlen diese Woche verfolgen.

Gruß CHW

[CHW]

Keine Überraschung, diese Meldung: Pacific Internet ist out, die Kritikpunkte wurden schon oft genug angesprochen, es fehlen Kooperationen mit Blue Chips und die Kundenanzahl ist viel zu gering, eine negative Ergebnisbeeinträchtigung durch die getätigten Investitionen sollte allerdings im Kurs eskomptiert sein und ist sicherlich der richtige Schritt,

Wäre schön, wenn es irgendwann auch mal gute Meldungen zu Pacnet gäbe.








PacNet Q2 profit seen hurt by expansions

SINGAPORE, Aug 15 (Reuters) - Second quarter earnings for Internet service provider Pacific Internet Ltd are likely to have
been squeezed by myriad start-up investments and network expansions in Asia, analysts said on Tuesday.

U.S.-listed PacNet, once the darling of local tech investors, has lost much of its appeal to investors because of recent negative market bias toward dotcom
companies and lack of speculative play in the stock, they said.

PacNet, which operates in Singapore, Australia, the Philippines, Hong Kong, Thailand, India and China, is expected to announce second quarter results on Tuesday.

An analyst with a European bank in Singapore said he expected profit to come in between S$300,000 to S$1 million against a loss of S$960,000 a year earlier. For
the full year, profit forecasts range from S$700,000 to S$2 million.

For the first quarter of 2000, PacNet made a net profit of S$3.18 million on a turnover of S$25.97 million. It posted a 1999 net profit of US$1.6 million on revenue
of US$57.3 million.

``It`s more their rollout plans, how much are they going to be spending, especially on the Pacfusion side, their start-up costs,`` said an analyst with a foreign institution.

PacNet officials had warned in June that margins would be squeezed this year because of large investments it was making in order to expand market share.

PacNet has swiftly changed its business model from a pure ISP to a portal player through its business-to-consumer portal Pacfusion, and has been sealing deals
every few months to position itself, analysts said.

It is considering further expansion into countries such as South Korea, Taiwan, Malaysia and Japan.

But analysts said PacNet`s subscriber numbers were small relative to regional competitors and that, coupled with dwindling interest in tech stocks, had been reflected
in its share price.

Its share price had crumbled since the beginning of the year, tumbling alongside other Internet-related companies, to US$14 from a year high of $79 on February 17.

On Monday, its shares on Nasdaq ended at $14.625, up 75 cents.

``The company is not really on peoples` radar screens right now,`` said analyst Jasmine Koh of Warburg Dillon Read in Hong Kong.

``One of their biggest handicaps is that it`s not in alliance with a telco, and fundamentally, it`s a big issue when your competitor is SingNet,`` she added. Singnet is the
ISP unit of dominant telco Singapore Telecommunications Ltd .

On whether the ISP stood to reap any windfall from planned listings, analysts said market conditions were not favourable and these initial public offerings may take
place over a much longer time frame than initially expected.

PacNet is 42 percent-owned by the Singapore government-linked multi-industry group SembCorp Industries Ltd .

[Shinji]

Der Aussage dieser Meldung kann ich ohne weiteres kommentarlos zustimmen.

[Reiners]

Ich würde den Kursverlust der letzten Monate nicht nur PACNET specifisch sehen.

Wenn ich mit den unmittelbaren Konkurrenten (Korea, SIFY) seit Jahresanfang vergleiche, sieht unsere PACNET noch (weit) besser aus.

Also ich sehe die momentane Schwäche eher als Branchenschwäche der asiatischen Internetwerte.

Gruß Ocke

[Gatsby2]

Ich wuerde den Kurs von PacNet aber auf jeden Fall auch unternehmensspezifisch sehen.

Sie versaeumen naemlich nach wie vor aggressives Wachstum. Bloss: warum? Sind sie als Anbieter zu teuer?
Ist ihre Reklame genauso schlecht wie ihre Investorrelations? Oder versucht das Management nur noch Lizenzen
anzuhaeufen, damit sie den Laden insgesamt schoen teuer verkaufen koennen? Oder sind sie schlicht ... ?

Vielleicht koennen wir ja mal ein heiteres Partnerschaftsraten anfangen: PCCW? Wipro? Oder doch nur SingTel?

Oh mann, ...

;-))

[Costa]

Was ist denn mit den Q2 Zahlen, die müßten doch in Asien schon raus sein.
Ich kann aber nichts finden und hoffe, daß mir hier am Board jemand genauers sagen kann.
Costa
P.S. Nie waren die Zahlen so wichtig wie heute

[Costa]

OK hier sind die Zahlen.
Sieht auf den ersten Blick ganz gut aus denk ich.
Meinungen sind natürlich erwünscht.
Wednesday August 16, 7:08 am Eastern Time

PacNet Q2 net loss at S$5.24 mln


SINGAPORE, Aug 16 (Reuters) - Three months to June 30,
2000.
(in millions of Singapore dollars unless stated)
Net income/(loss) (5.24) vs (0.96)
Group shr (S$) (0.41) vs (0.08)
Net revenue 26.64 vs 17.55
Operating expenses 31.82 vs 19.36
Operating income (5.18) vs (1.81)
Note - Singapore-based Pacific Internet Ltd is an Asian
Internet service provider and a unit of SembCorp Industries
Quelle (Yahoo).
Costa

[Gatsby2]

Wednesday August 16, 7:08 am Eastern Time

PacNet Q2 net loss at S$5.24 mln


SINGAPORE, Aug 16 (Reuters) - Three months to June 30, 2000.

(in millions of Singapore dollars unless stated)
Net income/(loss) (5.24) vs (0.96)
Group shr (S$) (0.41) vs (0.08)
Net revenue 26.64 vs 17.55
Operating expenses 31.82 vs 19.36
Operating income (5.18) vs (1.81)

Note - Singapore-based Pacific Internet Ltd is an Asian
Internet service provider and a unit of SembCorp Industries

[CHW]

Leider nicht sehr aussagekräftig, der Verlust war zu erwarten. Ich warte noch auf detailiertere Informationen.
Gruß CHW

SINGAPORE, Aug 16 (Reuters) - Three months to June 30,
2000.
(in millions of Singapore dollars unless stated)
Net income/(loss) (5.24) vs (0.96)
Group shr (S$) (0.41) vs (0.08)
Net revenue 26.64 vs 17.55
Operating expenses 31.82 vs 19.36
Operating income (5.18) vs (1.81)
Note - Singapore-based Pacific Internet Ltd is an Asian
Internet service provider and a unit of SembCorp Industries
.

[CHW]

2nd-Qtr Loss Widens to S$5.2 Mln -
by: trader_jack99
8/16/00 7:12 am
Msg: 28215 of 28216
Pacific Internet 2nd-Qtr Loss Widens to S$5.2 Mln From S$1 Mln
By Tan Hwee Ann

Singapore, Aug. 16 (Bloomberg) -- Pacific Internet Ltd., Asia`s first online company to trade in the U.S., said its second- quarter loss widened to S$5.2 million
($3 million) from S$1 million as costs rose with its expansion.

Loss per share for the three months ended June 30 was 41 cents, compared to 7 cents, a year ago.

Sales for the quarter rose 52 percent to S$26.6 million from the previous year.

``While we are pleased with the revenue growth seen so far, our key investments in new regional markets and our e-business venture will continue to have an
impact on our near term bottom-line,`` said Ko Kheng Hwa, Pacific Internet`s chairman.

Aside from the island state, the Singapore-based company operates in India, Hong Kong, the Philippines, Australia and Thailand. PacNet will enter China this
year as also Malaysia, Taiwan, and Japan by 2001.

PacNet is 42 percent-owned by Singapore-based SembCorp Industries Ltd., which is Southeast Asia`s biggest civil engineering and construction company.

PacNet shares rose 3/16, or 1.3 percent, to 14 13/16 yesterday on the Nasdaq exchange. PacNet shares have declined 68 percent so far this year, while the
Nasdaq Composite index has fallen 5.4 percent during that period.

[boltar]

PACIFIC INTERNET LTD
PRESS RELEASE
Wednesday, 16 August 2000, 1815 hrs Singapore time


Pacific Internet reports 52% increase
in net revenues for 2Q 2000

- Strong growth due to rapid expansion in subscriber base
- Successful LMDS trials position PacNet for broadband wireless market

Singapore, (Wednesday, August 16, 2000)

Pacific Internet (NASDAQ: PCNTF), Asia’s leading ISP and e-business portal today announced its financial results for the second quarter ended June 30, 2000.

The Group reported total revenues of US$15.4 million, a 51.8% increase over the same period last year. Pacific Internet also reported an EBITDA loss of US$0.3 million, representing a 56.4% reduction in loss over the same period last year. The strong revenue growth was attributable to a 44% growth in dial-up subscriber base and a 88% growth in ISDN and corporate leased lines. Excluding Singapore, total subscriber base grew by 143% over same period last year, as a result of the Group’s successful and continued growth into other Asian markets.

Table 1: Summary of operating results

Group 2Q00 2Q99
(in millions) US$ US$
Net Revenues 15.4 10.3
EBITDA (0.3) (0.8)
Pro forma net income (1.6) (0.4)

[loctite496]

Quelle: http://biz.yahoo.com/rf/000816/sp148988.html

Wednesday August 16, 7:08 am Eastern Time

PacNet Q2 net loss at S$5.24 mln


SINGAPORE, Aug 16 (Reuters) - Three months to June 30,
2000.
(in millions of Singapore dollars unless stated)
Net income/(loss) (5.24) vs (0.96)
Group shr (S$) (0.41) vs (0.08)
Net revenue 26.64 vs 17.55
Operating expenses 31.82 vs 19.36
Operating income (5.18) vs (1.81)
Note - Singapore-based Pacific Internet Ltd is an Asian
Internet service provider and a unit of SembCorp Industries


mfg
loctite496

[loctite496]

Quelle: http://biz.yahoo.com/rf/000816/sp126433.html


Wednesday August 16, 8:10 am Eastern Time

PacNet posts Q2 net loss

(UPDATE: Updates with details, company comment)

SINGAPORE, Aug 16 (Reuters) - Pacific Internet Ltd, an Internet service provider (ISP), saw a net income loss of S$5.24
million in the second quarter on rising costs from regional investments.

``While we are pleased with the revenue growth seen so far, our key investments in new regional markets and our e-business
venture, PACfusion.com, will continue to have an impact on our near term bottom-line,`` said Ko Kheng Hwa, Pacific`s chairman.

``But we are confident that the group`s strategies of growing into new Internet service provider and e-business markets, and new Internet-related revenue streams
remain sound,`` he said.

PacNet, a unit of SembCorp Industries , posted a net loss of S$5.24 million after a profitable first quarter of S$3.18 million and a S$0.96 million loss in the same
period last year.

But its net revenue rose to S$26.64 million from S$17.55 million.

PacNet said the loss was due to rising costs from e-business venture investments in PACfusion.com, consolidation of new acquisitions in Australia and expansion
into India.

PacNet said strong revenue improvement was attributable to 44-percent growth in its dial-up subscriber base and an 88-percent jump in ISDN and corporate
leased line business.

Excluding Singapore, its total subscriber base grew by 143 percent as it expanded in Asia.

PacNet said it still registered growth in its dial-up subscriber base in Singapore despite intense competition.

The company said it remained profitable despite intense competition amongst ISPs in Singapore, but this was offset by losses incurred by its expanding Australian
unit, compensation costs for its share option plans and an increase in amortisation charges due to a change in accounting estimates.

The firm said transforming itself from an ISP into a leading integrated e-commerce and communications business enterprise in major Asian markets remained its goal.

As of June 30, PacNet said its cash and cash equivalents were S$37.2 million.

PacNet officials had warned in June that margins would be squeezed this year because of large investments it was making in order to expand market share.

Its share price has crumbled since the beginning of the year along with other Internet-related companies, falling to US$14 from a year high of $79 on February 17.

On Tuesday, its shares on Nasdaq ended at $14.8125.


mfg
loctite496

[Reiners]

Und hier die kompletten Zahlen


Pacific Internet Reports 52% Increase in Net Revenues for 2Q 2000
Strong growth due to rapid expansion in subscriber base Successful LMDS trials position PacNet for broadband wireless market
SINGAPORE--(BUSINESS WIRE)--Aug. 16, 2000-- Pacific Internet (NASDAQ: PCNTF - news), Asia`s leading ISP and e-business portal today announced its financial results for the second quarter ended June 30, 2000.

The Group reported total revenues of US$15.4 million, a 51.8% increase over the same period last year. Pacific Internet also reported an EBITDA loss of US$0.3 million, representing a 56.4% reduction in loss over the same period last year. The strong revenue growth was attributable to a 44% growth in dial-up subscriber base and a 88% growth in ISDN and corporate leased lines. Excluding Singapore, total subscriber base grew by 143% over same period last year, as a result of the Group`s successful and continued growth into other Asian markets.


----------------------------------------------------------------------
Table 1: Summary of operating results
Group 2Q00 2Q99

(in millions) US$ US$
Net Revenues 15.4 10.3
EBITDA (0.3) (0.8)
Pro forma net income (1.6) (0.4)
----------------------------------------------------------------------

Pacific Internet reported a pro forma net loss1 of US$1.6 million
for the second quarter. This was due mainly to increased costs from
investments arising from PACfusion.com, Pacific Internet`s e-business
venture, consolidation of new acquisitions in Australia, and expansion
into India. Basic pro forma loss per share was US12 cents.

Table 2: Breakdown of subscribers by country and quarter
----------------------------------------------------------------------
As of June 2000 As of June 1999
Dial-Up Leased/ Dial-Up Leased/
ISDN(a) ISDN(a)

Singapore 200,331 1095 178,994 647
Australia 46,875 644 6,594 150
Hong Kong 43,547 912 35,259 611
Philippines 42,292 88 16,076 20
India 4,578 - - -
Thailand 3,861 22 - -
TOTAL 341,484 2,761 236,923 1468
----------------------------------------------------------------------
(a) Network ISDN and permanent connects

Mr. Ko Kheng Hwa, Pacific Internet`s Chairman, said, "While we are
pleased with the revenue growth seen so far, our key investments in
new regional markets and our e-business venture, PACfusion.com, will
continue to have an impact on our near term bottom-line. But we are
confident that the Group`s strategies of growing into new ISP and
e-business markets, and new Internet-related revenue streams remain
sound."
He added, "We have recently completed our acquisition of Safe and
Mansfield Travel Group, a leading and profitable corporate travel
agency, for US$5 million in June, which will enable us to accelerate
our business plans in the business-to-business e-commerce arena. We
have already started offering on-line travel services through our
website, and we are in the midst of developing a total in-house travel
services application, which we intend to make available to our
corporate customers for their own travel bookings and management. "
On new services, Mr. Ko also announced that, "Pacific Internet has
started to offer IDD (International Direct Dial) services to
corporates, and will be launching our IDD services to consumers within
the next 3 months. By making incremental investments, Pacific Internet
will be able to leverage on its extensive infrastructure and customer
base to grow the IDD business rapidly. These investments will be
covered by our cash holdings which currently stand at US$22 million,
and our revenue streams."

ISP expansion drive in Asia paying strong dividends

Pacific Internet officially launched operations in Thailand in
June, bringing the Group`s presence in Asia to a total of six
countries, which includes India, Hong Kong, Singapore and the
Philippines.
Said Mr. Nicholas Lee, Group CEO, "Our growth in markets outside
Singapore has been tremendous - we are pleased to say that we are
among the top two ISPs in the Philippines, and that we have also
become one of the top corporate ADSL (Asymmetric Digital Subscriber
Line) providers in Hong Kong.
Mr. Lee adds, "We were also recently awarded the "Best ISP in Asia
Pacific" title for the second year running from Telecoms Asia - not
only was it a great honor to be recognized by our peers within the
industry, but it was also proof that Pacific Internet is on the right
track."

PacNet well-positioned to roll out Wireless Broadband services
following successful LMDS trials

Pacific Internet`s plan to enter into the Singapore wireless
broadband market was given a strong boost following the successful
completion of its Singapore LMDS (Local Multipoint Distribution
Service) trials in July.
Mr. Lee said, "We have learnt a lot from our successful LMDS
trials, and are now fully prepared to roll out LMDS as the alternative
"last-mile" solution which can reliably supply broadband access to
corporates and consumers in a manner that is both scalable and
flexible. With LMDS, we intend to deliver a whole host of services
ranging from broadband Internet access to video streaming to
conventional voice calls. Moreover, LMDS can be deployed quickly and
relatively cheaply, as compared to the high cost and time involved in
installing broadband cable networks."
Pacific Internet plans to offer LMDS broadband services to
corporates and subsequently to household consumers in high density
private apartments, subject to receiving the LMDS license from
Infocomm Development Authority of Singapore, which regulates the
Singapore telecommunications market.
On Pacific Internet`s future plans, Mr. Ko said, "We will make the
transition from a narrowband service provider to a full fledged
broadband player in the Asian markets, examples of which are our LMDS
initiative in Singapore, and our successful ADSL services in Hong
Kong. As we grow our ISP and e-business, special focus will be placed
on rapidly expanding the B2B and corporate segments. Our goal is to
become the leading provider of integrated internet, e-business and
related on-line communications experience for the Asian customer."

About Pacific Internet Ltd.

Pacific Internet, Asia`s leading Internet Service Provider, is
listed on the NASDAQ stock exchange under the ticker symbol PCNTF.
Pacific Internet offers award-winning services in six countries
(Singapore, Hong Kong, the Philippines, Australia, Thailand and India)
including Internet access, portal sites and the ultimate web lifestyle
with the "4Cs" (connection, commerce, content and community) under
PACfusion.com. Pacific Internet won the "Best ISP in Asia-Pacific"
award in 1999 and 2000 and also the "Best ISP in Singapore" award for
three consecutive years (1997, 1998, and 1999). If you require more
information on Pacific Internet, please visit our website at
http://www.pacific.net.sg, or call:

Adrian Ng
Investor Relations
Pacific Internet Limited
Tel: [phone]
Fax: [phone]
Email: [e-mail]

William Keh
Gavin Anderson & Company
Tel: [phone]
Fax: [phone]
Email: [e-mail]

Included in this press release are various forward-looking
statements which can be identified by the use of words such as "may,"
"will," "should," "seeks," "expects," "anticipates," "estimates,"
"believes," and similar expressions. Pacific Internet has made
forward-looking statements with respect to the following, among
others, regional acquisition and expansion strategy; projected capital
expenditures; development of services; development of additional
revenue sources; development and maintenance of profitable pricing
programs; and market acceptance of the Internet and technological
advancement. These statements are forward-looking and reflect Pacific
Internet`s current expectations. They are subject to a number of risks
and uncertainties, including but not limited to, changes in the
economic and political environment in the countries where Pacific
Internet operates, or may in the future operate, changes in technology
and the Internet marketplace. In light of the many risks and
uncertainties surrounding Pacific Internet and the Internet
marketplace, its actual results could differ materially from those
discussed in this press release.

(1) Note on Financial Presentation: Financial results are prepared in
accordance with U.S generally accepted accounting principles ("US
GAAP"). Pro forma financial results exclude amortization of
goodwill and stock based compensation costs, and are not prepared
in accordance with US GAAP.

Pacific Internet Limited

Unaudited Consolidated Balance Sheets as of June 30, 2000
With Comparative Amounts from December 31, 1999


31-Dec-99 30-Jun-00 30-Jun-00
S$`000 S$`000 US$`000
---------------------------------------

CURRENT ASSETS
Cash and cash equivalents 53,928 37,162 21,511
Restricted cash (a) 3,128 3,223 1,866
Accounts receivable - net 14,957 30,739 17,794
Other receivables 9,145 19,244 11,140
Inventories 400 71 41
-------- -------------- ----------
Total current assets 81,558 90,439 52,352

Investments 1,789 7,033 4,071
Fixed assets - net 20,762 21,338 12,352
Intangible assets - net 29,490 43,294 25,062
Other non-current assets 220 3,165 1,832
-------- -------------- ----------
Total non-current assets 52,261 74,830 43,317

-------- -------------- ----------
Total assets 133,819 165,269 95,669
======== ============== ==========

CURRENT LIABILITIES
Bank borrowings - 7,319 4,237
Accounts payable 3,060 9,031 5,228
Other payables 33,648 49,081 28,412
Current portion of
capital lease obligations 1,216 1,087 629
-------- -------------- ----------
Total current liabilities 37,924 66,518 38,506

Capital lease obligations,
less current portion 1,088 593 343
Other deferred liabilities 4,046 4,923 2,850
-------- -------------- ----------
Total non-current liabilities 5,134 5,516 3,193

Minority interest - 1,529 885

Shareholders` equity
Ordinary shares, S$2 par value 25,287 25,631 14,837
Additional paid-in capital 88,761 92,817 53,729
Accumulated deficit
and other comprehensive income(16,246) (21,586) (12,496)
Deferred compensation (7,041) (5,156) (2,985)
-------- -------------- ----------
Total shareholders` equity 90,761 91,706 53,085
-------- -------------- ----------

-------- -------------- ----------
Total liabilities
and shareholders` equity 133,819 165,269 95,669
======== ============== ==========


(a) The restricted cash relates to fixed deposits placed with a bank
for credit facilities granted to one of its unconsolidated
affiliates

Pacific Internet Limited

Unaudited Pro Forma Consolidated Statement of Operations

-----------------------------------
Quarter ended June 30,
-----------------------------------
1999 2000 2000
S$`000 S$`000 US$`000
------- ---------- ----------

Revenues
Dial up access 15,587 16,199 9,377
Leased line access 3,554 6,430 3,722
Value added services 1,089 2,368 1,371
Other revenues 1,027 1,640 949
----------- ----------- -----------
Gross revenues 21,257 26,637 15,419
Toll rebates (3,710) -- --
----------- ----------- -----------
Total net revenues 17,547 26,637 15,419

Operating costs and expenses
Cost of sales 7,491 8,979 5,198
Staff costs 4,320 10,246 5,931
Sales & marketing 2,202 3,695 2,139
Other general & administrative 3,632 4,067 2,354
Depreciation & amortization 1,616 4,245 2,457
Allowance for doubtful accounts
receivable 96 587 340
----------- ----------- -----------
Total operating expenses 19,357 31,819 18,419

Operating income /(loss) (1,810) (5,182) (3,000)

Other income/(expense)
Interest income/(expense) - net 920 652 377
Net gain /(loss) on foreign
currency (1,242) 337 195
Gain /(loss) on disposal
of fixed assets 10 (5) (3)
Equity in profit /(loss) of
unconsolidated affiliates 149 (983) (569)
Others 131 41 24
----------- ----------- -----------
Total other income/(expenses) (32) 42 24

Income before income taxes and
minority interest (1,842) (5,140) (2,976)
Provision for income taxes -- (66) (38)
----------- ----------- -----------
(1,842) (5,206) (3,014)

Minority interest in loss/ (gain)
of consolidated subsidiaries 884 (29) (17)
----------- ----------- -----------
Net income / (loss) (958) (5,235) (3,031)
=========== =========== ===========

Adjusted EBITDA (1) (1,295) (564) (327)
=========== =========== ===========

Net income / (loss) per
share - basic $ (0.08) $ (0.41)$ (0.24)
=========== =========== ===========

Net income / (loss) per
share - diluted (2) $ (0.07) $ (0.41)$ (0.24)
=========== =========== ===========

Weighted average number of
shares outstanding - basic 12,526,808 2,812,839 12,812,839
=========== =========== ===========

Weighted average number of
shares outstanding - diluted (2) 13,339,733 2,812,839 12,812,839
=========== =========== ===========

Stock based compensation and
acquisition-related expenses
(a) Deferred compensation
expense -- 213 123
(b) Amortization of intangible
assets 231 2,265 1,311
----------- ----------- -----------

Net income / (loss) before
stock based compensation
and acquisition-related
expenses (3) (727) (2,757) (1,597)
=========== =========== ===========

Net income / (loss) per share
before stock based
compensation and acquisition
related expenses (basic) $ (0.06) $ (0.22) $ (0.12)
=========== =========== ===========
Net income / (loss) per share
before stock based compensation
and acquisition related
expenses (diluted) (2) $ (0.05) $ (0.22) $ (0.12)
=========== =========== ===========

Pro forma weighted average number
of shares outstanding - basic 12,526,808 12,812,839 12,812,839
=========== =========== ===========

Pro forma weighted average number
of shares outstanding -
diluted (2) 13,339,733 12,812,839 12,812,839
=========== =========== ===========


-------------------------------
Six months ended June 30,
-------------------------------
1999 2000 2000
S$`000 S$`000 US$`000
-------- --------- -----------

Revenues
Dial up access 30,421 30,544 17,681
Leased line access 7,159 12,275 7,105
Value added services 2,073 4,313 2,497
Other revenues 2,144 2,486 1,439
----------- ----------- -----------
Gross revenues 41,797 49,618 28,722
Toll rebates (4,899) 2,990 1,731
----------- ----------- -----------
Total net revenues 36,898 52,608 30,453

Operating costs and expenses
Cost of sales 15,369 18,532 10,728
Staff costs 9,524 18,580 10,755
Sales & marketing 3,997 5,978 3,460
Other general & administrative 6,086 6,836 3,957
Depreciation & amortization 2,996 7,954 4,604
Allowance for doubtful accounts
receivable 655 730 423
----------- ----------- -----------
Total operating expenses 38,627 58,610 33,927

Operating income /(loss) (1,729) (6,002) (3,474)

Other income/(expense)
Interest income/(expense) - net 1,206 1,423 824
Net gain /(loss) on foreign
currency 549 1,663 963
Gain /(loss) on disposal
of fixed assets 11 8 5
Equity in profit /(loss) of
unconsolidated affiliates 401 (1,475) (854)
Others 266 70 40
----------- ----------- -----------
Total other income/(expenses) 2,433 1,689 978

Income before income taxes and
minority interest 704 (4,313) (2,496)
Provision for income taxes (300) (626) (362)
----------- ----------- -----------
404 (4,939) (2,858)

Minority interest in loss/ (gain)
of consolidated subsidiaries 1,421 (29) (17)
----------- ----------- -----------
Net income / (loss) 1,825 (4,968) (2,875)
=========== =========== ===========

Adjusted EBITDA (1) 2,093 3,693 2,138
=========== =========== ===========

Net income / (loss) per
share - basic $ 0.15 $ (0.39)$ (0.23)
=========== =========== ===========

Net income / (loss) per
share - diluted (2) $ 0.14 $ (0.39)$ (0.23)
=========== =========== ===========

Weighted average number of
shares outstanding - basic 12,024,229 12,773,466 12,773,466
=========== =========== ===========

Weighted average number of
shares outstanding - diluted (2) 12,658,570 12,773,466 12,773,466
=========== =========== ===========

Stock based compensation and
acquisition-related expenses
(a) Deferred compensation
expense -- 1,305 755
(b) Amortization of intangible
assets 434 4,086 2,365
----------- ----------- -----------

Net income / (loss) before
stock based compensation
and acquisition-related
expenses (3) 2,259 423 245
=========== =========== ===========

Net income / (loss) per share
before stock based
compensation and acquisition
related expenses (basic) $ 0.19 $ 0.03 $ 0.02
=========== =========== ===========
Net income / (loss) per share
before stock based compensation
and acquisition related
expenses (diluted) (2) $ 0.18 $ 0.03 $ 0.02
=========== =========== ===========

Pro forma weighted average number
of shares outstanding - basic 12,024,229 12,773,466 12,773,466
=========== =========== ===========

Pro forma weighted average number
of shares outstanding
- diluted(2) 12,658,570 13,674,258 13,674,258
=========== =========== ===========



Pacific Internet Limited

Unaudited Pro Forma Consolidated Statement of Operations


(1) Represents earnings/(loss) before depreciation and amortization,
interest income and expense, income tax expense (benefit), equity
in profit/(loss) of unconsolidated affiliates, impairment in value
of investments, extraordinary items and minority interests.

Adjusted EBITDA is presented because the Company believes it is an
acceptable financial indicator of the Company`s ability to meet future
debt service, capital expenditure and working capital requirements.
Adjusted EBITDA is not determined in accordance with generally
accepted accounting principles. It should not be considered in
isolation or as an alternative to net income as an indicator of
operating performance or as an alternative to cash flow as a measure
of liquidity. In addition, the Company`s adjusted EBITDA is not
comparable to those of other companies, which may determine adjusted
EBITDA differently.

(2) Includes all outstanding options under the Company`s Share Option
Plans to the extent the outstanding options are dilutive.

(3) Pro forma net income excludes the effects of stock-based
compensation and acquisitions-related expenses. Pro forma net
income is not determined in accordance with generally accepted
accounting principles. It may not be comparable to those of other
companies, which may determine pro forma net income differently.

(4) For your convenience, Singapore dollar amounts have been
translated into U.S dollar amounts at the exchange rate as of June
30, 2000, which was S$1.7275 to US$1.00.



Pacific Internet Limited

Unaudited Consolidated Statement of Cash Flows
for the Six Months Ended June 30, 2000

Six months ended June 30,
1999 2000 2000
(S$`000) (S$`000) (US$`000)
---------------------------------

OPERATING ACTIVITIES
Net profit/(loss) for the period 1,825 (4,968) (2,875)
Items not involving cash:
Depreciation and amortization 2,996 7,954 4,604
Gain on disposal of fixed assets (11) (8) (5)
Allowance for doubtful
accounts receivable 655 730 423
Minority Interest (1,421) 29 17
Provision for income taxes 300 - -
Amortization deferred compensation - 1,305 755
Fixed assets written off - 249 144
Equity in(gain)/ loss
of unconsolidated affiliates (401) 1,475 854
Changes in non-cash
working capital items:
Accounts receivables, net (1,725) (16,512) (9,558)
Prepaid expenses and other assets (1,245) (3,156) (1,827)
Inventories (56) 329 190
Accounts payable 2,521 5,971 3,456
Other payables / receivables 6,404 6,466 3,743
---------------------------------
Cash provided by/
(used in) operating activities 9,842 (136) (79)

INVESTING ACTIVITIES
Acquisition of fixed assets (6,442) (5,932) (3,434)
Acquisition of subsidiaries
and businesses (20,234) (16,379) (9,481)
Acquisition of affiliated companies - (7,110) (4,116)
Purchases of intangible assets - (73) (42)
Proceeds from sale of fixed assets 134 1,612 933
---------------------------------
Cash used in investing activities (26,542) (27,882) (16,140)

FINANCING ACTIVITIES
Proceeds from issuance
of ordinary shares 79,931 4,979 2,882
Loan from affiliates - 2,103 1,217
Loan to associated companies - (2,525) (1,462)
Bank borrowings - 7,319 4,237
Repayment of loans (5,130) - -
Repayment of capital
lease obligations (709) (624) (361)
---------------------------------
Cash provided by financing
activities 74,092 11,252 6,513

Increase/(decrease) in cash
and cash equivalents 57,392 (16,766) (9,706)

Cash and cash equivalents
at beginning of period 2,411 53,928 31,217
---------------------------------
Cash and cash equivalent
at end of period 59,803 37,162 21,511
---------------------------------

[Shinji]

Tja, anscheinend nehmen die Amis die schlechten?! Zahlen sehr übel, aktuell bei 13 3/8 USD bzw. -9.3% ... zum Glück ist PCNTF zur Zeit nur auf meiner Watchlist, hatte schon genug Verluste mit der Aktie.

Gruß,

Shinji

[Shinji]

Ich weis nicht genau, ob diese Meldung schon mal gepostet wurde, aber ich machs trotzdem mal:

---
28.07.2000
Pacific Internet verkaufen
Telebörse

Die Wertpapierexperten von der Telebörse empfehlen die Aktien von Pacific Internet (WKN 918895) gegenwärtig zu verkaufen.

Pacific Internet verschaffe Kunden in Singapur, Hongkong, Thailand und auf den Philippinen Internet-Zugang. Ein dauerhafter Gewinn würde bisher nicht erzielt werden. Ob und wann damit zu rechnen sei, scheine bei bestens etablierter Konkurrenz sehr zweifelhaft.

Dr. Georg von der Management GmbH in Stuttgart, empfiehlt die Pacific Internet Aktie zum Verkauf.
---

Gruß

Shinji

[Gatsby2]

DAS WURDE AUCH ZEIT:

Thursday August 17, 5:50 am Eastern Time

SembCorp to sign note plan, sell PacNet stake

SINGAPORE, Aug 17 (Reuters) - Infrastructure-based Sembcorp Industries said on Thursday it planned to sign a S$500 million
10-year medium-term note programme in September.

It said part of the programme would be used to re-finance its redeemable cumulative convertible preference shares.

Wong Kok Siew, deputy chairman of SempCorp, said the MTN programme would also allow SembCorp to fund acquisitions in
the future.

CitiCorp and OUB are arrangers of the programme.

A SembCorp official said the move would provide cheaper financing for the group and its part of the group`s interest rate risk management programme.

Wong also said SembCorp planned to sell its 42-percent stake in Internet serivce provider Pacific Internet (NasdaqNM:PCNTF - news).

He said financial advisers have been appointed to oversee its stake sale and the bidding process would start in September.

PacNet saw a net income loss of S$5.24 million in the second quarter after a profitable first quarter of S$3.18 million, and a loss of S$0.96 million in the second
quarter last year.

SembCorp closed down five cents on Thursday at S$2.06.

;-))

[Ein Interessierter]

Was bitte ist gut daran, daß SembCorp seinen Anteil an Pacnet abstößt? Bis jetzt hat man immer damit argumentiert, daß SembCorp
als starker Geldgeber im Hintergrund steht (= SembCorp gehört ja zu einem beträchtlichen Teil der Regierung) und deshalb
Pacnet nicht so schnell die Luft ausgehen wird.
Sieht so aus als ob SembCorp sich nicht weiter die Finger verbrennen will. Für den Kurs von Pacnet ist das doch ziemlich schlecht, oder?

.

[Ein Interessierter]

Folgende Anfrage habe ich an Steve Harmon gerichtet, welche am 3.5.2000 wie u.a. beantwortet worden ist:

Ich habe Pacific Internet Limited (Nasdaq:PCNTF) bei einem Kurs von
26 US-Dollar gekauft. Ich denke, die Firma hat solide
Wachstumsaussichten, jedoch mache ich mir Sorgen um die Anzahl
der Kunden. SembCorp Industries Ltd. wollte Anfang des Monats
zudem seine Aktien an Pacific Internet verkaufen, wodurch ein weiterer
Kursverfall ausgelöst wurde. Wissen Sie etwas über die Hintergründe?


Steve Harmon:

Pacific Internet ist ein asiatischer Internet Service Provider (ISP).
Über den Beteiligungskonzern SembCorp hält die Regierung
Singapurs eine Mehrheit an der Firma. Der Verkauf des
kompletten Aktienpakets würde dem Unternehmen in jedem Fall
Schwierigkeiten bereiten. Meiner Meinung nach wäre es sinnvoll,
wenn sich ein amerikanischer ISP wie America Online, Inc.
(NYSE:AOL) oder EarthLink, Inc. (Nasdaq:ELNK) in größerem
Maße an Pacific Internet beteiligen würde, um die Lücke bei den
global tätigen ISP-Dienstleistern zu schließen. Wir müssen wohl
abwarten, wie sich das Unternehmen weiterentwickelt.



Steve ist also auch der Meinung, daß ein Totalverkauf schlecht für den Kurs ist.
Wir können jetzt nur hoffen, dass sich die richtigen Investoren finden.

Was haltet Ihr von der neuen Situation? Wer weiß mehr darüber?

[CHW]

Jetzt mit etwas mehr Abstand ein paar Anmerkungen zu den Quartalszahlen:
Gestern wußte ich noch nicht, wie die Zahlen zu bewerten sind, den Verlust hatte ich in etwa dieser Höhe erwartet, wesentlich interessanter sin ddie Umsätze:

Die 52% Umsatzsteigerung klingt zufriedenstellend, ist aber ein Vergleichswert zum VORJAHR.
Interessanter ist da der Vergleich zum ersten Quartal.
Fazit: Die Netrevenues sind zum letzten Quartal unverändert, keine Steigerung der Einnahmen, aber sehr starke Kostensteigerung
Die Kundenanzahl stieg von 315000 auf 345000, das sind läppische 10%.
In den Pressemitteilungen sind KEINERLEI GUTE NACHRICHTEN, die bisher nicht veröffentlicht wurden.
Es klingt hart, und ich bin ziemlich stark in Pacnet investiert: Pacific Internet ist auf dem besten Weg, ein zweitklassiges und unbedeutendes Unternehmen zu werden.

Das Investor Relation Department : bitte auswechseln
Das Management: ist jeglichen Kompetenzbeweis schuldig geblieben, auf positv kursbewegende Neuigkeiten können wir wohl noch lange warten
Häufig genug habe ich darauf hingewiesen, daß Kooperationen mit Blue Chips überfällig sind.

Und nun kommt heute noch die Meldung, daß SembCorp seine 42% Beteiligung an Pacific Internet veräußern will.

Was gibt es noch positives zu Pacnet zu sagen?
1. Pacnet ist eindeutig trotz alledem unterbewertet
2. Safe2Mansfield hat seine Internethomepage aufgenommen, gefällt mir gut
3. Nur Steve Harmon war der Meinung, daß Pacnet mit der starken Hand von Sembcorp ein Selbstläufer sei.
Fakt ist, daß sie Pacnet nie unterstützt haben, sonst hätte man mit viel größeren Schritten expandieren können.
Ich bin nicht traurig, daß sie aussteigen!
4. Pacnet hat viele Vorarbeiten geleistet, die IRGENDWANN Früchte tragen werden.

Fazit für mich selbst:
Pacnet ist z.Zt meilenweit von einem Global Player entfernt. Wer Aktien hält braucht vor allem eins:GEDULD
Kurzfristig ist von Pacnet nicht viel zu erwarten. Wer einen langfristigen Anlagehorizont hat, für den bietet sich auf dem jetzigen Niveau eine interessante Einstiegschance.
Ich werde Pacific Internet reduzieren, z.Zt. gibt es einfach bessere Werte. Bei einer Trendwende bietet es sich an, wieder größere Positionen aufzubauen.

Gruß an alle Leidensgenossen CHW

[Gatsby2]

RE: Ein Interessierter

Naja, das kann man so oder anders sehen.

SembCorpse hat ja seinerseits in letzter nicht gerade traumhaft performt. Und die Tatsache, dass SembCorp
Geld hat bedeutet ja noch nicht automatisch, dass sie es PacNet auch geben.

Meine in letzter Zeit schon haeufiger geaeusserte Kritik bezieht sich vor allem auf das phlegmatische Management
von PacNet, das mich in manchen Zuegen an andere Staatsunternehmen erinnert. Nur ein kleines Beispiel: Marketing.
Hier versucht man uns Glauben zu machen, PacNet sei in Singapore der ganz dicke Spieler. Bloss: bei meinem letzten
Besuch dort habe ich in 5 Tagen einen einzigen Bus gesehen, der PacFusion Werbung durch die Gegend fuhr, dagegen
dutzende, die fuer SingTel warben. Gleiches Bild in den Zeitungen, und saemtliche Internet-Cafes, die ich gesehen habe,
wurden auch von SingTel betrieben.

PacNet hat ein wirklich gutes Portfolio an Lizenzen in ganz Asien, und fuer ein Unternehmen, dass in Asien aggressiv (!!)
expandieren moechte, waere PacNet ein guter Kauf, da auf diesem Wege ein stehendes Konzept komplett uebernommen
werden koennte. Meine Traumkandidaten waeren, wie ich am 15. schon sagte Wipro oder PCCyberWorks.

So gesehen muesste ein Verkauf auch keinesfalls schlechte Auswirkungen auf den Kurs von PacNet haben. Denn was
hat PacNet bisher aus seiner guten Infrastruktur gemacht? 340.000 Subscriber, davon 200.000 in Singapore. M.E. fehlt da
wohl mindestens eine Null, oder? [Nur zum Vergleich: Korea Thrunet holt derzeit 60.000 neue Subscriber im Monat] Ein
Uebernehmer, der hier fuer frischen Wind sorgt kann nur gut fuer den Kurs von PacNet sein.

Und wenn sie am Ende die aussenstehenden Aktionaere loswerden wollen, dann gut. Ich haette ueberhaupt nichts dagegen,
meine PacNet in Wipro einzutauschen.

Gruss

Gatsby

;-))

[Ein Interessierter]

RE: Gatsby2

Dein Wort in Gottes Ohr. Das schlechte daran ist nur, daß SembCorp verkaufen will, ohne daß ein Käufer genannt wird bzw.
ohne daß es einen Käufer gibt.
Taktisch ist das wieder einmal verdammt schlecht. aber das sind wir ja inzwischen von Pacnet gewöhnt.
Ich bin mir auf jeden Fall komplett unsicher, ob es klug ist jetzt noch investiert zu bleiben.
Abzuwarten ob ein Aktientausch mit WIPRO zustandekommt ist vielleicht nicht das Wahre, weil dafür der Preis stimmen
muß - und das tut er im Moment nicht.

[Gatsby2]

RE: Ein Interessierter

Wohl wahr, sie haben keinen Kaeufer genannt. Sie wollen halt im September versteigern.

Lizenzversteigerungen sind ja gerade in Mode, und September/Oktober ist fuer die Boerse immer eine gute Zeit.

Wer hier wie Beteiligungen uebernimmt ist mir ehrlich gesagt egal, solange nur es nur ein namhaftes Unternehmen mit grosser
Erfahrung im ISP-Bereich ist. Steve Harmon - was auch immer man von ihm halten mag - tippt hier ja eher auf grosse US-Unter-
nehmen. Das koennte man natuerlich auch als Bestaetigung der alten Verschwoerungstheorie werten, derzufolge die asiatischen
ISP`s in New York mit Absicht von den Institutionals kurzgehalten wurden, damit sie spaeter billig von ihren Haetschelkindern (die
sie auch fett im Depot liegen haben) uebernommen werden koennen. ... Bei einer Uebernahme durch Earthlink wuerde ich allerdings
die Barabfindung vorziehen.

Wie auch immer: das schlimmste fuer den Kurs waere m.E. weitere Untaetigkeit am Kapitalmarkt. Falls SembCorpse nochmal
einen Rueckzieher mit ihrer Verkaufsankuendigung machen sollte (es waere ja nicht das erste Mal), dann sollen sie ihr Paket
halt in Singapore an die Boerse bringen. Sowas in der Art hatten sie uns schliesslich auch schon versprochen.

;-))

[Shinji]

Hm also soviel ich weis hat Sembcorp. damals ganz einfach keinen Käufer gefunden bzw. keinen, der entsprechenend gut bezahlt hätte. Das heißt dann wohl auch, daß PCNTF wohl nicht gerade ein beliebter Übernahmekandidat ist, worauf auch die Ankündigung von Sembcorp. hinweißt, nämlich PCNTF versteigern zu wollen (ohne bisher einen konkreten Interessenten dafür zu benennen). Ich hoffe natürlich für alle PCNTFler, daß für die Aktien noch gutes Geld gezahlt wird, damit man zumindest einen Teil der Verluste wettmachen kann... mich hat der Spaß einiges an Geld gekostet und ich genieße INet-Werte daher nur noch generell mit Vorsicht.

Gruß

Shinji

[Reiners]

Pacific Internet shelves local listing

Pacific Internet, a Singapore-based Internet service provider and the first Asian Internet company to list on the Nasdaq, has decided to postpone plans to list its shares on the local exchange over poor market conditions.

Though Pacific Internet is the first Asian Internet company to list on the Nasdaq, it had sought a secondary listing on Singapore`s main board to increase its profile among local investors and analysts and to promote 24-hour trading of its stock, said a spokesman in Singapore. But tech stock volatility on the Nasdaq in addition to the local exchange forced the company to change those plans.

It also decided to delay a spin-off of its consumer Web site Pacfusion.com on the Nasdaq for the same reasons.

Pacific Internet is the latest casualty among Asia Internet start-ups to push back a secondary listing. Last month, Korean language portal Daum Communications decided to shelve its American depository receipt issue over poor investor appetite.

On Wednesday, Pacific Internet (PCNTF: news, msgs) posted a second quarter net income loss of 5.24 million Singapore dollars, after a profitable first quarter of 3.18 million and a 0.96 million loss in the year-ago quarter. However, its net revenue rose to 26.64 million from 17.55 million Singapore dollars.

[Reiners]

Die Erlösung

Super es wird langsam interessant.


SembCorp said it is seeking a buyer for part of or its entire 42 percent stake in Pacific Internet Ltd.

``We are looking to find the right partner, either a telecom or broadband company or content provider,`` said Wong.

The company is talking with two companies, while keeping a lookout for more potential partners.

``It`s clear, Internet will not be our core business,`` Wong said.

-------------------------------------------------------------------
Denken wir doch mal logisch.

Der Einstieg in Asien, durch den Erwerb von Pacnet (bei dieser derzeit günstigen Bewertung von PACNET und der wertvollen Lizenzen), macht sehr großen Sinn für viele große finanzkräfige Unternehmen aus USA oder Europa, die noch keinen Standort in Asien haben.

Werden 42 % von SembCorp erworden, werden sicher noch weitere 9 % über den Freefloat geholt. Der Kurs wird also stark anziehen, da nur wenige bereit sind bei diesen lächerlichen Kursen zu verkaufen.

SembCorp hat sich nie richtig fürs Internet begeistern können (siehe oben)

Für unsere Pacnet wird mit einem finanzkräfigen Partner alles anders.


Pacnet hatte schon immer eine gute Strategie, aber nie das Geld um schnell zu wachsen. Das kann sich jetzt aber sehr schnell ändern.

Die Weichen wurden in der Vergangenheit gestellt. Jetzt brauchen wir endlich die "Kohle" damit die Lok endlich auf Touren kommt.


In diesem Sinne

Wer jetzt verkauft ist dumm


Gruß Ocke

[Reiners]

Hier noch ein paar finanzielle Hintergründe zu den Zahlen - sollte man sich ruhig mal durchlesen



Basis of Presentation
The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principle (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals and adjustment on toll rebates) considered necessary for a fair presentation have been included. Operating results for the quarter and six months ended June 30, 2000 are not necessarily indicative of the results that may be expected for the year ending December 31, 2000.

In the following discussion, Pacific Internet Limited (“Company”) and its consolidated subsidiaries are collectively referred to as the “Group”.


Overview
The Group is a leading Internet service provider (“ISP”), with presence in Singapore, Hong Kong, Australia, the Philippines, India and most recently, Thailand. It has developed a successful ISP model based on its understanding of Asian cultures, with aggressive and innovative marketing of a full range of Internet access alternatives and Internet services to both individual and corporate customers.

As part of the Group’s expansion strategy, in January 2000, it acquired a 49% stake in I.T. Star Co. Ltd (“IT Star”), which in turn holds a majority stake in a Thai ISP, World Net & Services Co. Ltd (“World Net”). In Australia, Pacific Internet (Australia) Pty Ltd (“PIAU”) currently ranks among the top 10 largest ISPs there. Since PIAU started operations there in July 1999, it has grown rapidly, both organically and through acquisitions. The latest acquisitions it made are Kralizec Pty Ltd (“Zeta”) in January 2000, Hub Communications Pty Ltd (“Hub”) in February 2000 and HunterLink Pty Ltd (“HunterLink”) in April 2000. All these acquisitions in 2000 added 19,275 to the Group’s subscriber base.

In November 1999, the Company announced its e-commerce plans and strategy in a press release. In May 2000, Pacfusion.com Inc. (“Pacfusion”), the Company’s e-commerce arm, acquired the travel and travel related businesses of Safe & Mansfield Travel Group Pte Ltd (“SMTG”) as part of its B2B strategy. SMTG is the second largest corporate air-ticketing business in Singapore. A new company, Safe2Travel.com Pte Ltd (“S2T”), in which the Group has 85% interest, was incorporated to operate this business.

The Group’s goal is to transform itself from an ISP to a leading integrated Internet, e-commerce and communications business enterprise in the major Asian markets. In line with this goal, the Company applied for and was awarded a Provisional Facilities Based Operator (“FBO”) license in March 2000. This marks a new milestone in the expansion of the Company’s Internet business to encompass the provision of telecommunications (“telco”) services in support of our ISP and e-commerce operations. The FBO license is part of our overall strategy to further diversify our revenue base towards opportunities in e-commerce and telco services.
Discussion of Results of Operations

Gross Revenues
Gross revenues for the quarter and six months ended June 30, 2000 registered year on year increases of 25.3% and 18.7% respectively. Other revenues include commission revenue from S2T. The Company remains the biggest revenue contributor, with PIAU in second place.

Dial Up Access
Dial up access revenues for the quarter and six months ended June 30, 2000, increased 3.9% and 0.4% respectively when compared to the corresponding periods in 1999. The marginal increase was due to price cuts of up to 70% by the Company effective January 2000, in response to free Internet access offered by one of its major competitors in Singapore. However, despite such intense competition, the Company still registered growth in its dial up subscriber base.

Major changes in the Group’s dial up subscriber base are summarised in the following table.

Growth in dial up subscriber base June 2000 June 1999 Increase Increase (%)
Group 342,290 237,502 104,788 44.1%
The Company 200,835 179,236 21,599 12.1%
PIAU 46,875 6,594 40,281 610.9%
PIPH 42,297 16,076 26,221 163.1%


Leased Line Access
For the quarter and six months ended June 30, 2000 gross revenues from leased line access increased 80.9% and 71.5% respectively over the corresponding periods in 1999. The significant increase was due to higher subscriber base across the countries in the Group.

Growth in leased line subscriber base June 2000 June 1999 Increase Increase (%)
Group 1,955 889 1,066 119.9%
The Company 591 405 186 45.9%
PIAU 644 150 494 329.3%
PSN 615 314 301 95.9%
Valued Added Services
Revenues from value added services registered year on year growth of 117.5% and 108.1% for the quarter and six months ended June 30, 2000, respectively. The increase in revenues came from global roaming, WorldPhone services, and web hosting. The Group’s web hosting subscriber base increased by 770.3% from 464 in 1999 to 4,038 in 2000, mainly from strategic acquisitions made in Australia.

Other revenues
Other revenues for the quarter and six months ended June 30, 2000, increased by 59.7% and 16.0% respectively when compared to the corresponding periods in 1999.

The increase was mainly from S2T, which was offset by the downsizing of certain non-core businesses, such as revenues from web design. With the incorporation of S2T, the Group intends to build a regional B2B travel vortal (vertical portal) that will incorporate a complete on-line reservation and ticketing system for flights, hotels, car rentals and other travel related products.


Net Revenues
Net revenues for 2000 is arrived at after reversing unredeemed rebates provisions made in connection with our Toll Rebates program. This program ended on December 31, 2000 and the last day for redemption of rebates was on March 9, 2000.


Operating Costs and Expenses

Cost of Sales
Cost of sales for the quarter and six months ended June 30, 2000, increased 19.9% and 20.6% respectively when compared to the corresponding periods in 1999. Consolidation of cost of sales from PIAU was the main reason for the increase. This was offset by lower cost of sales from the Company with the recognition of deferred government grant on a project that was completed on May 31, 2000.

Staff Costs
Staff costs registered year on year increases of 137.2% and 95.1% for the quarter and six months ended June 30, 2000, respectively. The increase was mainly due to consolidation of staff costs from new acquisitions and expansion in e-commerce.

Included in staff costs are compensation costs relating to the Company’s share option plans. Costs relating to options issued to employees amounted to $1.0 million (US$0.6 million) while that for options issued to non-employees amounted to $0.3 million (US$0.2 million). Details on the options plans are found in the section “Stock-Based Compensation Plans” of this discussion.


Sales and Marketing Expenses
Sales and marketing expenses for the quarter and six months ended June 30, 2000 increased by 67.8% and 49.6% respectively when compared to the corresponding periods in 1999. The increase was mainly from consolidation of expenses from new acquisitions and higher advertising costs incurred with the launch of Pacfusion.

Other General and Administrative Expenses
Other general and administrative increased by 12.0% and 12.3 % for the quarter and six months ended June 30, 2000, respectively, when compared to the corresponding periods in 1999.

Other general and administrative expenses consist of travelling expenses, office expenses, professional and consultancy fees and other expenses. Despite the inclusion of expenses from new acquisitions in the current quarter, the Group was able to contain the increase due to effective cost management.

Depreciation and Amortization
Depreciation and amortization expenses registered year on year increases of 162.7% and 165.5% for the quarter and six months ended June 30, 2000, respectively.

Amortization of goodwill from ongoing acquisitions of subsidiaries and associated companies and the change in accounting estimates in the last quarter of 1999 were the reasons for the increase. In accordance with the Group’s accounting policy, the amortization periods for all intangibles were reviewed and reduced from 10 years to 4-5 years.

Included in amortization expenses for the current quarter is amortization of web site development costs. In accordance with recommendation from Emerging Issues Task Force (“EITF”) on Accounting for Web Site Development Costs, the Group elected to capitalize certain web development costs over a 2-year period. The Group adopted an accounting estimate of 2 years for amortization as it believes it will be 2 years before major revamp will be carried out on these web sites.

Allowance for Doubtful Accounts Receivable
Allowance for doubtful accounts receivable were S$0.6 (US$0.3 million) and S$0.7 million (US$0.4 million) for the quarter and six months ended June 30, 2000, respectively, which represent increases of 511.5% and 11.5% when compared to the corresponding periods in 1999. The increase is not unusual given the increase in the Group’s revenues.


Operating Income/ (loss)
Operating loss was mainly from losses incurred by PIAU, compensation costs in connection with the Company’s share option plans and increase in amortisation charge with the change in accounting estimates. This was offset by operating profit from the Company, which remains profitable despite intense competition amongst ISPs in Singapore.
Interest Income (Expense)
Interest income was derived mainly from fixed deposit placements of proceeds from the initial and second public offerings. For the quarter ended June 30, 2000 net interest income decreased 29.1% from S$0.9 million in 1999 to S$0.7 million (US$0.4 million) in 2000 as a significant portion of the proceeds was used for acquisitions in Australia, Thailand and Singapore.

Exchange Gain/ (Loss)
Net exchange gain arose from the translation of the U.S. dollar denominated fixed deposits (proceeds from the Company’s initial and second public offerings) into Singapore dollars with the continued strengthening of the U.S dollars against Singapore dollars.

Equity in Profit /(Loss) of Unconsolidated Affiliates
Equity in loss of unconsolidated affiliates is mainly losses incurred by Pacific Internet India (“PII”) and Pacific Internet Thailand (“PITH”), offset by profits from PIPH.

The Group’s operations in India and Thailand are still very much in the start-up stage. The Group does not expect these operations to be profitable in the first 2 to 3 years of operations.

Income Taxes
There were lower tax provisions made last year due to the availability of unabsorbed losses and capital allowances carried forward from prior years to offset taxable income.


Stock-Based Compensation Plans
The Company has two fixed share option plans under which it may grant options to certain employees, directors, officers and consultants of the Company to purchase common shares of the Company. Options generally become exercisable as follows:

1. 25% of the options become exercisable on the first anniversary of the date of grant;
2. an additional 25% of the options become exercisable on the second anniversary of the date of grant;
3. the remaining 50% of the options become exercisable on the third anniversary of the date of grant.
All options expire five years from the date of grant.
The 1998 Employee Share Option Plan was established by the Company in November 1998 and became effective upon the Company’s initial public offering. Options to purchase up to 1,500,000 shares were granted at an exercise price equal to the initial public offering price of US$17.00 and no amounts applicable thereto are reflected in net income. As at June 30, 2000, 171,700 shares have been exercised by employees.
Stock-Based Compensation Plans (cont’d)
In November 1999, the Company established the 1999 Share Option Plan. A total of 1,761,890 shares are reserved and authorized for issuance under this plan. The exercise price is the average of the officially quoted closing price of the Company’s shares on the NASDAQ’s National Market System for the five trading days immediately preceding the date of grant. As at June 30, 2000, 1,017,500 options have been granted from this plan.

The Company elected to account for options issued to employees in accordance with APB No. 25. For options granted to non-employees, they have been accounted for in accordance with SFAS No. 123’s fair value method.

For the quarter and six months ended June 30, 2000 compensation costs recognized by the Company in accordance with APB No. 25 and SFAS No. 123 were S$1.0 million (US$0.6 million) and S$0.3 million (US$0.2 million) respectively.


Liquidity and Capital Resources
For the six months ended June 30, 2000, cash used in operating activities were S$136 thousand (US$79 thousand), compared with S$9.8 million generated for the corresponding period in 1999.

Cash used in investing activities were primarily for business and equity acquisitions, and purchase of fixed assets. These amounted to S$23.5 million (US$13.6 million) and S$5.9 million (US$3.4 million) respectively.

§ On January 10, 2000 the Company acquired 49% direct equity interest in IT Star, which in turn holds, World Net, a Thai ISP.
§ On January 19, 2000 PIAU acquired the business of Zeta, an ISP based in Sydney, Australia.
§ On February 1, 2000 PIAU acquired the business of Hub, an ISP based in Brisbane, Australia. Hub Communications currently operates a chain of Internet Cafes in Brisbane’s Central Business District.
§ On April 5, PIAU acquired HunterLink, an ISP located in Newcastle, Australia. This acquisition added approximately 9,600 new subscribers.
§ On May 4, 2000 the Group acquired the travel and travel-related businesses of SMTG through Pacfusion. SMTG is an established International Air Transport Association (IATA) accredited travel agency in Singapore with a sharp focus on the corporate travel market.
Cash provided by financing activities amounted to S$11.3 million (US$6.5 million), primarily from issuance of ordinary shares through employees’ exercise of 1998 Employee Share Option Plan and bank borrowings.


Liquidity and Capital Resources (cont’d)
Under the Company’s capital leases with its affiliate, Sembawang Capital Pte Ltd, there was a balance commitment of approximately S$1.7 million (US$1.0 million), excluding interest. The capital leases reflect interest at rates ranging from 4.23% to 5.60% per annum.

As of June 30, 2000 the Group had cash and cash equivalents of S$37.2 million (US$21.5 million), excluding restricted cash of $3.2 million (US$1.9 million) pledged to one of its banks for facilities granted to one of its unconsolidated affiliates.

Recent developments
§ On May 19, 2000 the Group announced it has discontinued negotiations to form a joint venture with the Hinduja Group to provide broadband internet access to the Indian market via the Hinduja cable network. The negotiations were discontinued as the parties could not agree on key terms of the joint venture.

§ On June 1, 2000 the Group officially launched its operations in Bangkok, Thailand. The Group intends to use Bangkok as a base to expand into another 5 Thai provinces over the next few months.

§ On June 7, 2000 Pacific Internet was awarded Best Asian Internet Service Provider title for the second year running by Telecom Asia, a leading magazine for the Asian telecom professionals.

§ On July 5, 2000 Pacfusion.com launched its Chinese Pacfusion portal in Hong Kong. The portal will initially consist of seven segments: eNews, eMoney, eLifestyle, eFood, eIT, eEntertainment and eHealth.

§ On July 25, 2000 the Company announced details of its successful Local Multipoint Distribution Service (LMDS) trial in Singapore. The objective of the trial was to evaluate the feasibility of deploying LMDS technology in Singapore, as part of the Company’s overall strategy to deliver quality high speed Internet access using the latest available technology. The trial included the following areas:

1. Broadband Internet Access.
2. Video streaming.
3. High speed digital data transmission.
4. Voice over Internet protocol.
5. Conventional voice calls.



Litigation and contingent liabilities

A lawsuit (Suit No. 1730 of 1999) was initiated in the High Court of Singapore by the Company against Catcha.com, a Singapore based company engaged in the Internet portal business, on December 10, 1999 for, inter alia, infringement of copyright, passing off, trespass and breach of statutory duty not to attribute falsely the authorship of works created by the Company, namely the Company’s “Movies On-Line” and “Tatler Top 125 Restaurants” websites. During 1999, particular hyperlinks on Catcha.com’s webpages were connecting internet surfers to the two websites without the Company’s prior approval or consent. In response, Catcha.com filed a Defense and Counterclaim on January 10, 2000 wherein it disputed the Company’s claims and counter-claimed against the Company for defamation. Catcha.com has since then filed an application in the High Court to strike out parts of the Company’s claims, which was heard on January 25, 2000 and dismissed. An appeal was filed by Catcha.com on February 9, 2000 against part of the High Court’s decision. The appeal was heard on March 3, 2000 and the judgment was reserved.

The written grounds of judgment was released on 10 May 2000, wherein the presiding judge the Honourable Justice Lai Kew Chai dismissed the appeal filed by Catcha.com, stating inter alia that there was novelty in both law and the technology of deep hyperlinking of websites, both of which required the most rigorous examination and scrutiny which only a full trial could ensure.

The Company filed its list of documents on 8 August 2000, and a further Summons for Directions will be heard before the Registrar of the Supreme Court on 21 August 2000.

The Group continues to believe that it has a strong case against Catcha.com. However, the Group can give no assurance that this suit will not result in a judgment or other relief that could have an adverse effect on the Group or the trading price of its shares.

Other third parties have notified the Company that they believe its services and products infringe, their proprietary rights. These claims could result in substantial costs, diversion of resources and damage to our reputation even where the claims are without merit and the claimant is ultimately unsuccessful in asserting its claim. If any claim is successful, the Company could be required to pay significant damages or take other actions that could hurt our business or the trading price of its shares. As a result, claims of this nature could harm the Company’s business or financial condition.

Forward-looking Statements Disclaimer
Included in this interim report are various forward-looking statements which can be identified by the use of words such as "may," "will," "should," "seeks," "expects," "anticipates," "estimates," "believes" and similar expressions, Pacific Internet has made forward-looking statements with respect to the following, among others:
· use of proceeds from its initial public offering;
· projected capital expenditures and expansion plans;
· liquidity;
· development of additional revenue sources; and
· development and maintenance of profitable pricing programs.
These statements are forward-looking and reflect Pacific Internet`s current expectations. They are subject to a number of risks and uncertainties, including but not limited to, changes in the economic and political environment in the countries where Pacific Internet operates, or may in the future operates, changes in technology and the Internet marketplace. In light of the many risks and uncertainties surrounding Pacific Internet and the Internet marketplace, its actual results could differ materially from those discussed in this interim report.

[Gatsby2]

RE: Reiners, 17.08., 16.52

Hi Ocke,

schoen, dass Du uns immer ueber alles auf dem Laufenden haeltst. Schade allerdings, dass Du bei Deinem
betreffenden Post den Link vergessen hast. Die eigentliche Nachricht, betreffend PCCyberWorks, fand ich
naemlich - auch im Hinblick auf die Marktposition von PacNet - viel interessanter.

http://cbs.marketwatch.com/archive/20000817/news/current/asi…

Gruss

Gatsby

;-))

[CHW]

Brandaktuell, das geht schneller als gedacht! Keine schlechten Neuigkeiten, aber interessant, wie unzufrieden man mit den Zahlen von Pacnet ist



Bidding for PacNet stake starts next month

However, it is still not certain whether it will sell its entire stake in the Net service provider or
part of it

By CHEE JANN PERNG

AFTER dithering for months, SembCorp Industries (SCI) announced yesterday that it had completed an
information memorandum for a bidding process from next month to sell its stake in Pacific Internet
(PacNet).

This comes just a day after the Nasdaq-listed company reported poorer-than-expected second-quarter
results.

In fact, SCI president and chief executive officer Wong Kok Siew made it clear that he was not at all
pleased with the poor showing.

He said at a press briefing yesterday that SCI, as a shareholder in PacNet, had been ""disappointed``
with its second-quarter results -- net loss of $5.2 million, compared with $960,000 a year ago.

The deterioration was attributed to the high cost of regional expansion.

""It is clear, Internet will not be our core business,`` said Mr Wong at the announcement of SCI`s interim
results yesterday.

""We are looking to find the right partner.

""It could be a telecommunications company, content provider or broadband player.``

He said SCI had been in talks with two parties over the sale of its PacNet stake.

Interest in PacNet had also been shown by several global and local players.

SCI, a conglomerate with interests ranging from food to marine engineering and infrastructure, owns 42
per cent of PacNet, which is listed on Nasdaq.

However, it is still not certain whether it would sell its entire stake in PacNet or part of it.

""It depends on who the partner is,`` said Mr Wong, adding that if the price was right, SCI will divest its
entire 42 per cent.

[CHW]

Pacific Internet is still for sale
By Irene Tham
Friday, August 18 2000

SINGAPORE--It has been almost a year since SembCorp Industries Ltd said it intends to sell Pacific Internet Ltd
(PI). Today, PI is still up for grabs.

At the annoucement of SembCorp`s financial results on Thursday, the company`s president and CEO Wong Kok
Siew said a financial advisor has been appointed, and the bidding for PI is expected to begin this September.

"There are several interested parties. We are talking to two global telcos now," he said. SembCorp, Southeast
Asia`s largest civil engineering company, started sounding out potential partners for PI last September.

"We are willing to yield if a major telco comes in to take over our entire stake (of 42 percent)," he said, declining
to comment whether the global players have a local presence.

Explaining why SembCorp is exiting the Internet as a core business, Wong said: "We are managers.... We should
either be number one or two in the business (we are managing) so as to enhance shareholders` value, or we get
out."

On telecoms services, Wong said: "It is never our plan to offer telecoms services as a core business."

In March, SembCorp had reversed last September`s announcement that it was interested in unloading its entire 42
percent stake in PI. At that time, Wong had said that SembCorp would reduce its stake in PI to 30 percent or
merge the Internet Service Provider (ISP) with a global partner, but would remain PI`s largest shareholder. He had
also said SembCorp would use PI to offer broadband fixed wireless and telephony services to customers in
Singapore.

The waiting game

When asked why its divestment of PI has taken almost a year, Wong said: "The key is to find the best partner and
the best value for PI. We are waiting for foreign (telco) players to come in (to buy PI)... we are waiting for the best
value."

Singapore.CNET.com understands that PI`s planned telecommunications services might also give the ISP a better
valuation.

Commenting on whether PI is an attractive company, an Internet analyst said: "It is not bad. If an international
player wants to build local presence (in Asia) for Internet access, it makes sense. But the market tells us that
Internet access business does not make sense since it is free.... The same is true even for broadband services
which might eventually be free."

For example, US-based Winfire Inc is already providing limited hours of free Digital Subscriber Line (DSL)
services, the analyst said.

On Thursday, SembCorp reported that its net profit dropped 42 percent to S$168 million for the half year ended
June 30, 2000, down from S$290 million in the same period last year. Revenues also fell about 25 percent to
S$1.4 billion in the half year from S$1.85 billion in the same period last year.

SembCorp`s Information Technology business, including PI and Singapore Computer Systems Ltd (SCS),
contributed S$93.4 million to its total revenue.

On Wednesday, PI reported that its net loss widened to about US$3 million for the second quarter ended June
30, 2000 from approximately US$564,000 in the same period last year.

Commenting on PI`s results, Wong said: "As a shareholder, I am disappointed."

Meanwhile, Lehman Brothers analysts Stephen McKeever said that he will continue to rate PI`s Nasdaq stocks
`underperform` until "I see evidence that (PI`s) prospects have improved materially, or until valuation becomes
compelling." McKeever also expects PI to make a net loss of US$15.3 million (S$26.5 million) on US$52 million
(S$90 million) revenues for its fiscal year 2000.

Related stories

[CHW]

Pacific Internet plans to list in S’pore by 2002
By Anand Menon
Wednesday, August 16 2000

SINGAPORE--Nasdaq-listed Pacific Internet Ltd (PI) hopes to list in Singapore in 12 to 24 months, said its
CEO Nicholas Lee.

“With the current lackluster capital market, we do not believe it`s expedient to do so (to list) at this point of time,”
Lee said during a conference call with the media and analysts after PI’s second quarter financial results were
released. “But we still intend to come back when the capital markets improve,” he added.

In May, Bloomberg reported that PI had started talks with the Singapore Exchange to seek its approval to list
here.

To a question, Lee said that the company has yet to receive in-principle approval from the SGX. "PI is in
continued discussions with the exchange," he added.

As for Pacfusion.com, the e-commerce unit of the ISP, Lee said: “We originally planned to list Pacfusion in the 24
month range. Now, with the cool off of the capital market, this may take a bit longer…it is our intention of course
to list (Pacfusion) in Singapore or in the US at the appropriate time”.

PI also said its dial-up subscriber base in Singapore for the three months ending June 30, 2000 rose to 200,331
from about 197,000 in the first quarter of this year.

The Internet access market in Singapore has seen intense competition with the introduction of free surfing plans
from StarHub Internet and Singapore Telecoms.

When asked who audits its dial-up subscriber figures, PI chief financial officer Chiam Heng Huat said: “These
numbers are proforma unaudited numbers. We’re not compelled or required to have the quarterly numbers
audited. But rest assured that being a listed company, the annual numbers are fully audited at the end of the year”.

PI last traded at US$14.63, down US$0.19 on the Nasdaq.


Related Stories

[Reiners]

Nostalgie zum lesen und schmunzeln


--------------------------------------
Hier eine Mitte 1999 erstellte Analyse von STIS-Weekly zu Pacific Internet:


Pacific Internet: Der asiatische Surfmeister

Pacific Internet Pte. entstand 1995 mit der Übernahme der Technet-Abteilung der Universität Singapur und gilt als erster und führender regionaler Internet Service Provider im asiatisch-pazifischen Raum. Das Unternehmen mit Hauptsitz in Singapur deckt die gleichen Geschäftsbereiche ab wie etwa AOL, wurde bislang jedoch kaum von Analysten bekannter Investmenthäuser beachtet. Zu Unrecht, wie wir meinen.

Eigentümerstruktur

Noch unterliegt Pacific Internet durch den Anteil des staatlichen Unternehmens Temasek Holdings indirekt der staatlichen Kontrolle Singapurs. Allerdings dürfte sich dieser Umstand mit der Liberalisierung des Telekommunikations- und Internetmarktes rasch ändern und der Weg zu einem gänzlich privaten Internet Service Provider vorgezeichnet sein.

Regionale Ausrichtung

Pacific Internet konzentriert sich in seiner Geschäftstätigkeit noch hauptsächlich auf die Großstädte Singapur, Hong Kong und Melbourne. In Hong Kong und auf den Philippinen ist das Unternehmen der einzige asiatische Internet Service Provider. In Australien weitete Pacific Internet erst in jüngster Vergangenheit mit dem Kauf von Mira Networking Pty Ltd. sowie von ZIP World Pty Ltd. seine Geschäftstätigkeit aus. Mira Networking ist überwiegend in den Ballungsräumen Perth, Brisbane, Adelaide und Sydney aktiv. ZIP World Pty ist bereits zum zweitenmal zum besten Internet Service Provider Australiens gewählt worden.

Außerdem verfolgt man ehrgeizig weitere Expansionspläne. Im April ging IPass, bei der Pacific Internet Mitglied ist, mit der indischen Gesellschaft Videsh Sanchar Higam Limited eine Zusammenarbeit ein, um in Indien Einwahlmöglichkeiten für Pacific Internet zu schaffen. IPass bietet über 3.200 Einwahlknoten in 150 Ländern an. Zudem arbeitet Pacific Internet an einer Ausweitung seiner Geschäftstätigkeit nach China und Korea und ist Mitbegründer der Asia Internet Holding die mit A-Bone die führende asiatische Internetinfrastruktur betreibt.

Geschäftstätigkeit, die viel erwarten läßt.

Momentan zählt Pacific Internet ca. 220.000 Kunden und bietet diesen nicht nur Internetzugangsdienste an, sondern deckt den gesamten Bereich an Dienstleistungen rund um das Internet ab: Zugang für Privat- und Geschäftskunden, Email Service Dienste, Webhosting, Webdesign, Beratung und Internetintegration sowie das Aufstellen und Installieren von Servern. Für seine gute und zuverlässige Arbeit wurde Pacific Internet bereits mehrmals von der Fachpresse ausgezeichnet. In Singapur betreibt das Unternehmen äußerst erfolgreich die ersten Internetshops.

Großen Erfolg verspricht das Tollplus-Rabattpaket, das seit März angeboten wird. Pacific Internet will mit dieser Strategie weitere Kundenkreise erschließen und vor allem die Kundenbindung stärken. Eine Maßnahme, die für eine erfolgreiche Geschäftstätigkeit im Internet, immer mehr an Bedeutung gewinnt.

Kernelemente von Tollplus sind u.a.:

Überschüssige Onlinezeit kann in den nächsten Monat übertragen werden regelmäßige Gewinnspiele für Kunden Prämien für jeden geworbenen Neukunden sowie weitere Dienstleistungen wie einen Onlinesekretär, WebFax oder auch vergünstigte Eintrittskarten, exklusive Kinovorstellungen und die Organisation von Feiern. Mit diesen Maßnahmen zielt Pacific Internet hauptsächlich auf die Gewinnung von Privatkunden ab.Kernstück von Tollplus ist jedoch eine Gutschrift für jeden Kunden für jede Online-Minute (0,25US$). Den Betrag kann der Kunde quasi als Gutschein bei Vertragshändlern von Pacific Internet einlösen. Damit dürfte Pacific Internet neben einer sehr engen Kundenbindung auch ein gutes Verhältnis zum Handel erreichen (Win-Win Situation).

Mit seinen Tochtergesellschaften Contact und Mediaworks deckt Pacific Internet weitere Geschäftsfelder ab. Während Contact Internetlösungen für Firmenkunden anbietet, ist Mediaworks eine Multimediaagentur. Dabei konzentriert sich Mediaworks auf e-commerce und betreibt Onlineshops von Pacific Internet in Singapur. Zu den Kunden zählen u.a. Lucent Technologies, Sanyo und diverse Regierungsstellen.

Noch für diesen Monat plant Mediaworks die Pacific Internet Mall zu eröffnen. Diese wird nicht nur eine Shopping-Oberfläche anbieten, sondern die Teilnahme an Auktionen und verschiedenen anderen Services wie Gewinnspielen ermöglichen. Auch hier steht die Kundenbindung an erster Stelle: Extra darauf ausgerichtete Programme sollen die Kunden zum Wiederkommen animieren und die Händler zufriedenstellen.

Ein weiteres, bereits in der Realisierung stehendes, Projekt stellt die Internettelefonie dar. In Singapur erhielt Pacific Internet als erster die Erlaubnis zum Betrieb von Voice over Internet Protocol (VoIP). Für den Zeitpunkt der Deregulierung des Marktes hat Internet Pacific somit einen möglicherweise entscheidenden Vorteil gegenüber seinen Konkurrenten. Auch in Hong Kong besitzt Internet Pacific über seine Tochtergesellschaft Pacific Supernet die Erlaubnis für VoIP und will diese Dienstleistung schon bald anbieten.

Um seinen Konkurrenten die Stirn bieten zu können, verfolgt Pacific Internet eine aggressive Akquisitionspolitik, um im gesamten asiatischen Raum federführend zu sein. Zu den Mitbewerbern zählen dabei insbesondere die australische OzEmail und etablierte Telekommunikationskonzerne. AOL verfügt derzeit noch nicht über die Kapazitäten in Asien, um Pacific Internet gefährlich werden zu können. Der Kauf von 10% der Anteile des Internet Service Providers China.com zeigt jedoch deutlich die Ambitionen von AOL in der Region Fuß zu fassen. Allerdings verfügt Pacific Internet über einen nicht zu vernachlässigenden Vorteil gegenüber seinem Konkurrenten: man bietet seine Dienste im www in asiatischen Sprachen an.

Zur Finanzierung weiterer Firmenzukäufe gab Pacific Internet vor Kurzem weitere 2,1 Mio. Aktien zum Stückpreis von 51,4 US$ heraus. Damit flossen dem Unternehmen 104 Mio. US$ zu. Es ist davon auszugehen, daß die liquiden Mittel größtenteils für weitere Akquisitionen verplant sind.

Geschäftsergebnis und Bewertung

Im abgelaufenen Geschäftsjahr 1998 erzielte Pacific Internet einen Umsatz von 43,5 Mio. US$. Nach einem Verlust von 5,8 Mio. US$ im Jahr 1997 konnte das Unternehmen erstmals einen Gewinn von 7,4 Mio. US$ verbuchen. Der Umsatz gegenüber 1997 stieg um 46,8% an. Die Kundenzahl verbesserte sich um 65%.

Die starken Wachstumsraten wird Pacific Internet durch weitere Unternehmenszukäufe noch steigern können, auch wenn dies die Gewinnentwicklung etwas dämpfen dürfte. Allerdings werden sich diese Investitionen in der Zukunft auszahlen und dadurch Pacific Internet seine marktführende Stellung in Singapur und Hong Kong auch auf andere Regionen Asiens ausbauen. Derzeit arbeitet man intensiv an einer Ausweitung der Dienste in Richtung Südkorea und China.

Für eine ähnlich rasante Ausbreitung der Online-Kunden in Asien wie in Nordamerika und Europa sprechen folgende Gründe:

die hohe Wahrscheinlichkeit eines langanhaltenden Wirtschaftsaufschwungs in der gesamten Region nach der schweren Wirtschaftskrise der stetige Zuwachs an Telefonanschlüssen auch in ärmeren Ländern wie China und Indien die für das Internet günstige Bevölkerungsstruktur der meisten asiatischen Länder mit einem hohen Anteil an jungen Menschen das Bildungs- und Informationsbedürfnis in den meisten asiatischen Ländern. Allein In China werden im Jahr 2000 10 Mio. Menschen über einen Internetanschluß verfügen. Das entspricht einer Verfünffachung gegenüber dem diesjährigen Stand.

Für das erste Quartal 1999 präsentierte Pacific Internet überzeugende Zahlen. Das Ergebnis gegenüber dem Vorjahresquartal verbesserte sich um 134% auf 727 TSD US$ bei einem Umsatzanstieg von 37% auf 9,1 Mio. US$. Für das gesamte Geschäftsjahr 1999 ist wegen der hohen Investitionen ein Gewinn/Aktie von 0,34 US$ zu erwarten. Im Folgejahr 2000 dürfte sich der Gewinn um 159% auf 0,88 US$ pro Aktie erhöhen.

Bei der Ermittlung des fairen Wertes gehen wir von einer konservativen Umsatzwachstumsannahme von 50% bis 2002 aus. Danach senken wir das Umsatzwachstum um 10%. Zudem ist mit einer schrittweisen Verbesserung der Umsatzrendite von derzeit nur 7% auf 23% im Jahr 2002 zu rechnen. Somit ergibt sich folgende Reihe:

1999 2000 2001 2002 2003 2004 2005 2006

Umsatz in Mio. US$

60 90 135 196 284 369 480 624

Umsatzrendite

7% 12% 18% 23% 23% 23% 23% 23%

Gewinn je Aktie

0,34 0,88 1,99 3,68 5,34 6,94 9,03 11,73 117,3

Fairer Kurs bei Abzinsung der Gewinne mit 12% = 75 US$

Verglichen mit anderen Internet Service Providern, erscheint Pacific Internet als sehr günstig bewertet. Das KGV auf Basis 2000 liegt gerade bei 50. Die Aktie von AOL weist hier einen Wert von 130 auf.

Fazit

Pacific Internet bietet eine überzeugende Wachstumsstory und ist auf dem Weg zum asiatischen Marktführer als Internet Service Provider. Dabei schreibt das Unternehmen trotz hoher Investitionskosten bereits schwarze Zahlen und hat die Chance sich zu einem Blue Chip der Branche zu mausern. Allerdings könnte die starke Expansion von Pacific Internet die Gewinnentwicklung kurzfristig leiden lassen. Ein Nachteil, der jedoch langfristig zu verschmerzen sein wird.

Gerade in den kommenden Jahren wird sich in Asien das enorme Wachstumspotential des Internetmarktes entfalten. Bevölkerungsreiche, sich kontinuierlich entwickelnde Staaten wie China und Indien, die konsequent den Anschluß an die Weltmärkte suchen und dafür mit den weltweiten Informations- und Kommunikationskanälen vernetzt werden müssen, lassen heute die Chancen des Internetmarktes letztendlich nur erahnen. Pacific Internet ist in diesem aussichtsreichen, regionalen Wachstumsmarkt bestens positioniert und verfügt gegenüber seinen Konkurrenten über strategische Vorteile, so daß mit der Gefahr einer schnellen Marktverdrängung durch einen in die Region expandierenden Konkurrenten, wie etwa AOL, kaum zu rechnen ist. Wir empfehlen die Aktie langfristig orientierten Investoren daher zum Kauf.


Pacific Internet auf einen Blick

Wertpapierkennummer 918895

Stärken:
regionaler Marktführer
gute strategische Positionierung
breites Produktangebot
bereits profitabel

Schwächen:
hoher Investitionsbedarf
Konkurrenz durch AOL

Homepage:
http://www.pacific.net.sg

(c) 1999 STIS-Weekly

[Reiners]

Was ist hier los ? Allan nicht mehr bekannt ?

Download "Conference Call Playbacks" Second Quarter
2000 Earnings kann ich mit keinem Programm öffnen da Endung ".rm".

Und warum ist die Datei 10 Mb groß ?



-----------------------------------------------------------

Thema: Mail System Error - Returned Mail
Datum: 23.08.00 19:33:24 (MEZ) - Mitteleurop. Sommerzeit
From: [e-mail] (Mail)
Reply-to: [e-mail] (Mail)


This Message was undeliverable due to the following reason:

Each of the following recipients was rejected by a remote mail server.
The reasons given by the server are included to help you determine why
each recipient was rejected.

Recipient: <[e-mail]>
Reason: <[e-mail]>... User unknown


Please reply to [e-mail]
if you feel this message to be in error.


--------------------
Received: from spade.pacific.net.sg ([203.120.90.71])
by pob4.pacific.net.sg (Post.Office MTA v3.5.3 release 223
ID# 0-53829L2S100V35) with ESMTP id sg
for <[e-mail]>; Thu, 24 Aug 2000 01:32:35 +0800
Received: from imo-r19.mx.aol.com (imo-r19.mx.aol.com [152.163.225.73])
by spade.pacific.net.sg with ESMTP
id e7NHWXo13896; Thu, 24 Aug 2000 01:32:34 +0800 (SGT)

Message-ID: <[e-mail]>
Date: Wed, 23 Aug 2000 13:32:03 EDT
Subject: Problems with download "Conference Call Playbacks" Second Quarter 2000 Earnings
To: [e-mail], [e-mail]
MIME-Version: 1.0
Content-Type: text/plain; charset="US-ASCII"
Content-Transfer-Encoding: 7bit
X-Mailer: AOL 5.0 for Windows sub 106

------------------------------------------------------------------

Thema: Problems with download "Conference Call Playbacks" Second Quarter
2000 Earnings


Hello

Is it ok that the file has a size of nearly 10 MB ?
And with witch programm I can open your ".rm" file ?

vkr
OR

File:
2Q2000.rm von ftp.pacfusion.com

Conference Call Playbacks

Pacific Internet Limited
Second Quarter 2000 Earnings
US Webcast
Date: 16 August, 2000

[CHW]

Morgen Ocke,
ich habe eine gute Nachricht, ich kann die Nachricht öffnen, allerdings würde das Herunterladen 95Stunden dauern.Kein Scherz!!!.....
Einen weiteren Kommentar erspar ich mir lieber