Die Internationale Presseberichte zu PCCW & Hala Li - 500 Beiträge pro Seite

[networkwilly]

Gute Morgen
Alles was berichtenswert erscheint,
für den Monat September. Bitte hier!
International bedeutet natürlich auch in Deutsch.

Willy Wokrs Nett wünscht eine gute Woche mit Pacific Century CyberWorks Ltd

Top Financial News
Mon, 04 Sep 2000, 4:46pm EST

Telstra Not Considering Any Acquisitions, CEO Switkowski Says

By Dudley White

Melbourne, Sept. 3 (Bloomberg) --
Telstra Corp., Australia`s biggest phone company, isn`t considering any acquisitions after agreeing to invest $3 billion in ventures with Pacific Century CyberWorks Ltd., Chief Executive Ziggy Switkowski said.
``We`re not foreshadowing any significant deals in the foreseeable future,`` Switkowski told the Nine Network`s Business Sunday program.
Melbourne-based Telstra said last month it will pay $1.5 billion for 40 percent of a mobile phone venture with CyberWorks. It will also buy $1.5 billion of bonds convertible into shares in the Hong Kong company and start Internet and entertainment joint ventures with CyberWorks.
Telstra said last week that profit in the year to June 30 rose to a record A$4 billion ($2.3 million), though the company`s shares tumbled almost 7 percent Thursday as profit growth slowed and as increasing competition forced the company to cut prices.
The stock pared some of its losses Friday. Switkowski said he found the earlier decline in the share price ``unfathomable.``
``It`s hard to interpret day-to-day movements in the stock price,`` he said. ``Over time the market will come to appreciate`` Telstra`s strategy for growth, Switkowksi said.
Switkowski said some fund managers are being deterred from investing in Telstra because of concern

[networkwilly]

Monday, 4 September 2000

iLink in JV with Shanghai tech companies



iLink.net Shanghai, a wholly-owned subsidiary of iLink.net and a member of Pacific Century CyberWorks, has signed a joint venture agreement with both Shanghai New Epoch Information Industrial (SNEII) (owned by Shanghai Telecommunication and Shanghai New Epoch Information Industry), and Shanghai Hongkou Industrial Technology Investment (SHITI), (a wholly owned subsidiary of Shanghai Hongkou District People’s Government), to form a new joint venture company.
The new company, called iLink.net (Shanghai), will engage in the provision of value-added (VA) services to Internet Application Service Providers (ASPs) and in enhancing e-commerce performance in Shanghai.
The new company will be working as an agent for network server co-location and facilities management, providing technological support for other server hosting companies, and engaging software development.
The total investment in the company is US$10 million with a registered capital of US$5 million and an operating term of 50 years. iLink.net Shanghai holds 51 per cent of the equity interest of the company. The equity interests of SNCTP and SHITI are 40 per cent and 9 per cent respectively.
The project proposal of the company has been approved by the Shanghai Municipal Foreign Investment Working Commission pursuant to the Document Hu Wai Zi Pi Zi (2000) No. 570.
The signing of the joint venture contract follows the Memorandum of Understanding, signed by the three parties in May, in Shanghai.
The value-added services to ASPs to be provided by iLink.net (Shanghai) will be situated at Nan Jing Road WestGate Tower, with a total floor space of over 20,000 square feet. It is expected to commence operation by the end of the year 2000.

[Kersken]

Legt PCCW iTV und NOW zusammen?

Nach den jüngsten Gerüchten plant PCCW seine Services iTV und NOW zusammenzulegen. Dies will ein Nachrichtenkanal von einem PCCW-Sprecher erfahren haben. Von PCCW war zu diesen Spekulationen noch keine Stellungnahme zu erfahren. iTV ist ein interaktiver TV-Service, der hohe Verluste einfährt.

Durch diese Zusammenlegung soll der Breitband-Service NOW weiter ausgebaut werden. PCCW gibt momentan fast täglich Kooperationen bekannt, mit denen das Unternehmen seinen Breitband-Service ausbaut.

-js- 04.09.00 08:31:00

MfG Kersken

[networkwilly]

China Mobile on Telstra guest list

International business editor Geoff Hiscock

THE world`s third largest mobile phone company, China Mobile, is shaping up as a likely potential partner in the pan-Asian mobile phone joint venture that is integral to Telstra`s alliance with Pacific Century CyberWorks.

China Mobile, which on Thursday reported a record half-year profit of $1.83 billion for its Hong Kong-listed arm on sales of $6 billion, already has a stake in Richard Li`s PCCW through China Mobile`s 10.8 per cent shareholding in Cable & Wireless HKT, the Hong Kong telco PCCW bought last month.
Telstra`s mobile phone joint venture is split 40-60 with PCCW and up to 20 per cent of that is open to a possible strategic partner, according to Telstra OnAir managing director Dick Simpson.
While Telstra is not saying, China Mobile looks a contender because of its profitability, its state connections and its stake in HKT. Also, HKT has a history of working with China Mobile (HK), which changed its name from China Telecom (HK) in June after a restructuring of the Chinese telecommunications industry.
The partner issue is one of three China factors in Telstra`s PCCW alliance. The others are the potential size of the China market and the increased competition that will prevail once China joins the World Trade Organisation, which is expected this year or next.
China already has 60 million mobile phone subscribers -- more than 10 times Telstra`s. Within two years, that 60 million will double, and before the end of the decade, it could reach 600 million.
And these will not be tinny old analog phones, they will be third-generation WAP (wireless application protocol) phones with access to the internet and able to handle voice, text and video.
Even when WTO membership opens China up to a surge of foreign competitors, it will not be a case of easy pickings. The domestic companies are well entrenched.
State-owned China Telecom, the biggest fixed-line telco in China, may get a mobile licence this year. China Mobile, originally spun off from ChinaTel, is the biggest mobile phone company, with an 83 per cent market share.
China Unicom, created to give China Mobile some domestic competition in mobiles, has 8 million subscribers, plus an influential Hong Kong investor in Li Ka-shing, who agreed to put $US400 million into its expansion in June.
Li, father of PCCW chairman Richard Li, controls the powerful Hong Kong conglomerate, Hutchison Whampoa.
Telstra thinks its pan-Asia mobile phone JV with PCCW is worth more than $6 billion, based on the average $US56 a month spent by HKT`s 950,000 mobile service customers.
The partners aim to lift that valuation substantially before they float next year.
Mr Simpson said that an early float was not out of the question. "PCCW have an appetite to take things to market quickly that is enviable," he said.

[networkwilly]

Hallo, und einen wunderschönen guten Morgen,
wünscht der immer agile Willynettworker

September Regen kommt der Saat gelegen.
Alles was Hala Li sät wird gut,
wir werden noch eine üppige Ernte einfahren.
Nur geduld, auch an der Börse wird das Geld im Aussitzen bezahlt.







CyberWorks says directors/employees will not sell shares this month


HONG KONG (AFX-ASIA) -
Pacific Century CyberWorks Ltd chairman Richard Li, his directors and employees will not sell any of their CyberWorks shares this month, the South China Morning Post reported, citing John Colmey, senior vice-president for external affairs.
"Pacific Century`s group of companies will not place any CyberWorks shares in the foreseeable future," Colmey said. He added that directors and employees would be bound by stock exchange rules not to dispose of shares a month before the company reports its results. CyberWorks is scheduled to report on Sept 28.
CyberWorks shares have fallen steadily over the past month on concerns over share sales by Li and his directors and ahead of a pending placement by Cable & Wireless PLC of part of its post-merger holding in the company. The newspaper said CyberWorks` management will go on a roadshow this month to help promote the C&W placement of a 4.9 pct portion of its 19.1 pct interest in CyberWorks.
C&W`s stake in CyberWorks has fallen to 19.1 pct from 20.1 pct due to the completion of a 500 mln share swap with CMGI, the report said.

[Kersken]

PCCW dementiert Gerüchte der letzten Tage

Norman Yuen, Vize-Chairman von PCCW, mußte heute einige Gerüchte der letzten Tage dementieren. Zu diesen zählte die Spekulation, dass China Mobile dem Mobilfunk-Joint-Venture zwischen PCCW und Telstra beitreten werde. Yuen sagte dazu, dass man nicht mal die genauen Konditionen zwischen Telstra und PCCW geklärt habe. Bevor die nicht geklärt seien, werde auch nicht über einen neuen Partner bei dem Joint Venture nachgedacht.

Weiter dementierte er Bericht, wonach der interaktive TV-Service iTV und NOW zusammengelegt werden sollen.

-js- 05.09.00 08:56:00

MfG Kersken

[Kersken]

PCCW will Lizenz in Macau

PCCW hat einen kleinen Anteil an einem Konsortium übernommen, das sich um eine der drei neuen Mobilfunklizenzen in Macau bemüht. Dieses Konsortium wird angeführt von Vodatel und ist eines von acht Interessenten, die sich für die Auktion angemeldet haben.

-js- 05.09.00 09:53:00

MfG Kersken

[networkwilly]

Guten Morgen wünscht NET&WORK&WILLY

Insurer sees stock fall to all-time low on full-year loss warning
Jonathan Tam, Hong Kong iMail


Francis Yuen, chairman of Pacific Century Insurance, says that the group`s forecast losses for the year have partly to do with accounting methods.
Picture: Lok Cheng, Hong Kong iMail

Insurer sees stock fall to all-time low on full-year loss warning

PACIFIC Century Insurance Holdings (0065) shares plunged to an all-time low yesterday as it gave notice of an expected full-year loss.
The bad news came on the back of an increase in the number of agents hired as well as the company`s decision to reduce its reliance on re-insurance.
The firm, a sister company of Pacific Century CyberWorks (0008), said recruiting large numbers of agents since July 1 meant a substantial charge against profits.
But improved liquidity after its initial public offering in July last year meant it no longer had to make financial reinsurance arrangements.
Reinsurance means that an underwriter cedes all or part of large policies to other insurers to share the risks of paying claims.
Industry sources said that by re-insuring, underwriters can reduce reserves and improve liquidity.
Following its suspension from trading on Monday, the stock fell 20 cents, or 8.51 per cent, to close at $2.15 yesterday. It was down 65.8 per cent from its initial price of $6.28 in the 1999 IPO, which raised some $1.07 billion.
``If we continue to use the old accounting system and stop doing reinsurance, we will post a loss for this year,`` said Francis Yuen Tin-fan, chairman of Pacific Century Insurance, after a CFO Asia conference.
Mr Yuen said that the company was considering a new accounting method to deal with the cost of hiring the new agents and to offset the loss from not re-insuring.
Under the current accounting system, the cost of hiring new agents is a one-off charge on the company`s balance sheet.
Under the new system, such a deduct would be diluted by the amount of business new agents brought in, he said.
Mr Yuen added that the company would come into line with international practice by adopting the new system.
``It will reflect the company`s real financial condition. We are now too conservative,`` he said.
Credit rating agency Standard & Poor`s assigned a ``B`` rating to the company in July because of the insurer`s aggressive use of surplus re-insurance rather than equity capital to fund growth and working capital needs, as well as its limited financial flexibility.
A ``B`` rating implies that a firm is not financially sound.
Mr Yuen said that by cutting the practice of shared insurance policies with other insurers, it would make financial analysis of Pacific Century Insurance easier.
Pacific Century Insurance reported a six-month net profit for the period to June 30 of $52.3 million, up 65.5 per cent from $31.6 million a year ago. It did not declare any dividend.
The company`s total premiums grew by 8.8 per cent from the same period last year to $770.4 million. Total assets under management rose by 9.3 per cent over the six months to December 31, 1999, to $3.93 billion while net asset value exceeded $1 billion

[networkwilly]

PCCW denies roadshow plan



A SENIOR official of Pacific Century CyberWorks (0008) (PCCW)
has denied that British-owned Cable & Wireless would hold an investor roadshow in the United States to sell 4.9 per cent of its CyberWorks shares.
Local newspapers reported on Monday that Cable & Wireless would start a promotional tour to sell its stake in PCCW to US investors this week.
``I haven`t heard anything about this,`` said Pacific Century Insurance`s Francis Yuen who is also PCCW deputy chairman. ``They have to do it with us because they will need our staff to help the roadshow.``
Cable & Wireless holds a 20.1 per cent stake in PCCW after the latter`s merger with local phone operator Cable & Wireless HKT.
It was allowed to sell a stake of up to 4.9 per cent immediately after the merger took effect.
Mr Yuen also denied a news report that China Mobile Communications (0941) would join PCCW`s joint venture with Telstra.
6 September 2000 / 02:44 AM

[Kersken]

PCCW stockt Anteil an Jaleco auf

PCCW hat seinen Anteil an der japanischen Jaleco weiter aufgestockt. Das Unternehmen hat die Beteiligung von 37 % auf 55 % erhöht. Die weiteren Papiere hat man von dritten erworben. Bis zum 7.November möchte PCCW den Anteil sogar noch bis auf 83 % erhöhen.

-js- 06.09.00 09:47:00

MfG Kersken

[networkwilly]

Hallo, und einen wunderschönen guten Morgen,
wünscht der immer agile Willynettworker.

Scheibchenweise geht es bei PCCW gen Süden.

Nachkaufen/Einsteigen sollte man als engagierter Anleger meiner Meinung nach aber noch abwarten, bis sich ein Trend ergibt.
Als ein klares Kaufsignal würde ich das Erreichen der HKD13-Marke werten, und das nachhaltig, d.h. wenn der Kurs über einen oder zwei Handelstage mit den HK-Schlusskursen gehalten werden konnte.
Ein weiteres Kaufsignal ist für mich das Erreichen der Resistenzzone um HKD12,100 Doppelboden. Auch hier sollte die Nachhaltigkeit beachtet werden; d.h. ein Einstieg empfiehlt sich erst nach dem ersten Abpraller von dieser Marke.



11:02 08-SEP-2000
PCCW (0008-HK) ends deals with KG Telecom, CMGI
Following the cancellation of co-operation between PCCW and KG Telecom, US Internet investment company CMGI said it has ended negotiations for co-operation with PCCW to form a US$1.5 billion (HK$11.7 billion) venture fund, according to the Hong Kong Economic Times.

A spokesman for PCCW said that the cancellations will not affect the group as a whole and stressed that revising the business plans and strategies subject to market sentiments and trends show accountability of the management to shareholders.

A spokesman for CMGI said that the company will not dispose of its 714 million shares in PCCW.

(End



GigaMedia exits Internet video jv with CyberWorks

By Bloomberg, Singapore.CNET.com
Friday, September 8 2000

HONG KONG--
GigaMedia Ltd, one of Taiwan`s largest Internet service providers, has canceled a plan to acquire shares in ERA Communications Co in an alliance with Pacific Century CyberWorks Ltd, Asia`s No 2 Internet company to distribute Internet content.
The three companies agreed in May to form two ventures. The first venture, in which ERA and GigaMedia were to have stakes of 45 percent and 51 percent respectively, would have had the right to distribute ERA`s content on the Internet worldwide.
The second venture, a 55-45 venture formed by "www.cyberworks.com" with the first venture, was originally planned to produce Chinese Internet content.
CyberWorks and GigaMedia had also agreed to acquire up to 50 million shares in ERA from Chiu Fu Sheng, ERA`s president.
"While GigaMedia has decided not to make a direct investment in ERA to acquire shares in the company, the three parties are currently discussing other forms of cooperation," CyberWorks said in a press statement.
The move came as CMGI Inc, a US based Internet investment company, said it will forego plans to start an international venture fund with CyberWorks and Dallas-based buyout firm Hicks, Muse, Tate & Furst in order to generate operating profits.

Copyright 2000,http://www.bloomberg.com/welcome.html" L.P. All Rights Reserved.

[networkwilly]

GigaMedia zieht sich aus JV mit PCCW zurück
Nach dem Rückzug von CMGI aus einem gemeinsamen Projekt steigt jetzt auch die taiwanesische GigaMedia aus einem Joint Venture mit PCCW aus.
PCCW war im Mai mit ERA und GigaMedia ein Joint Venture zur Produktion von chinesischen Content für den NOW-Service eingegangen. Die Kooperation war für das Unternehmen von Richard Li eine der wichtigsten außerhalb Hong Kongs, da Taiwan zu den größten Märkten in Asien zählt.
PCCW wird jetzt versuchen mit ERA chinesischen Content zu produzieren. Auch bei GigaMedia scheint die Tür nicht ganz zu zu sein. Beide Unternehmen stehen weiterhin in Kontakt. Das Unternehmen hat allerdings seit Anfang der Woche einen neuen Partner. Zusammen mit Yahoo will man eine gemeinsame Web-Seite aufbauen. Auch Content will man an Yahoo liefern.
Nach Analystenmeinung erhielt PCCW durch das Scheitern dieser zwei Joint Ventures erstmal einen Dämpfer. Es könnte nach Meinung von Dresdner Kleinwort Benson sein, dass jetzt auch andere Deals in Gefahr kommen.
-js- 08.09.00 09:23:00

[R1Jaco]

NETWORKWILLY
Du machst Dir eine unglaubliche Mühe mit PCCW - warum ?
Ich bin bei 1.98 eingestiegen, im Mai, und habe versäumt bei 2,58 zu verkaufen.
Jetzt denke ich - das wars wohl.
Wie tief meinst Du fällt die Aktie noch und wie ist ein KZ in absehbarer Zeit?
Ich wäre dankbar für eine Antwort.
Gruss Jaco

[networkwilly]

Den richtigen Zeitpunkt zum Kaufen oder Verkaufen kennen nur zwei.

Der liebe Gott, und der Lügner!



PCCW: CMGI plant keine PCCW Aktienverkäufe

Die amerikanischen Venture Capital Firma CMGI plant in nächster Zeit keine der 714 Mio. PCCW Aktien zu verkaufen. Diese Verkaufsabsichten hatte das Hong Kong Economic Journal in der letzten Ausgabe publiziert. (sb)


Credit Suisse gibt PCCW-Puts aus

Die Credit Suisse First Boston hat gestern 250 Mio. Putoptionsscheine auf PCCW herausgegeben. Hier die Details:

Ausgabepreis: 0,323 HK$
Basispreis: 14,127 HK$
Bezugsverhältnis: 10:1
Delta: 4,29x
Fälligkeitsdatum: 18. April 2001



PCCW: GigaMedia investiert nicht in ERA

Die taiwanesische GigaMedia wird laut PCCW nicht in die ERA Communications investieren. Nun suchen die drei Firmen anderen Wege für Kooperationen. Im Mai gaben die drei Firmen bekannt, dass sie ein Breitbandjointventure für Internetcontent und den Vertrieb gründen wollen.
PCCW und GigaMedia arbeiten jetzt gerade daran den Vertrieb des englischen und chinesischen NOW Programms an die Kunden von GigaMedia in Taiwan zu sichern. Auch versucht PCCW mit ERA ein Contentstudio aufzubauen um weitere Inhalte für das chinesische Programm von NOW bis zum Sendestart im Januar zu haben. (sb)


© Emerging Markets Research, 08.09.00
http://www.em-research.de

[networkwilly]

Hallo & guten Morgen allerseits!

Halten in Hongkong die 13HK $ in der kommenden Woche,
ist wohl ein sogenannter Boden gefunden.
Aktuell um 14.00Uhr Ortszeit 12.650 H-K $ / -4,17 %.

Im anderen Fall geht es wohl noch weiter gen Süden.
Da kann es zu Kursen unter 1,50 € kommen.
Im September werden viele Weichen für Aktienkurse gestellt, wo es dann heißt:
“Holzauge sei Wachsam“.
Ich habe meine Order zu 1,85 € storniert.
Warte als Reste Einsammler noch geduldig ab.
Works net Willy

Um auch hier mit schon vorgekauten Meinungen zu Arbeiten,
hab ich etwas passendes zum Aktuellen Thema gefunden.
26,05... v. D&P
Es gibt erhebliche Short-Positionen in PCCW und daher ist es schwer zu sagen, welche Marke wir demnächst erreichen. Der Kurs hängt aber momentan im Niemandsland, von daher ist von jeglichem Aktionismus abzuraten (Wer die Ruhe verliert, verliert Geld).
Wer charttechnisch an die Sache rangeht, sollte NUR den Hongkong-Chart beachten, Kurse aus Deutschland sind uninteressant, die aus USA Dow Jones und die von der Computer-Börse Nasdaq geben den allgemeinen Trend vor.




Ziggy`s call for calm fails to allay fears
8: 47 AM AEST September 11

The Age

Attempts by Telstra Corporation Limited`s chief executive, Ziggy Switkowski, to reassure the market have failed. The share price fell again on 4 September 2000, closing at $A6.40, while the Telstra 2 receipts closed on $A3.36. Many brokers have removed Telstra from top-ranked stocks, including Goldman Sachs (Australia) Limited, which acted as an advisor to the Australian Government during the Telstra 2 sale. Brokers are becoming wary of telecommunications stocks, which continue to fall despite growing demand for the industry. Telstra`s new partner, Pacific Century CyberWorks, is shortly to bid for a mobile licence in Macao and may be entering a deal with China Mobile



Shares blow for Telstra partner

By Ben Potter
Telstra may still be talking up its strategic alliance with Mr Richard Li Tzar-kai`s Pacific Century CyberWorks, but other business partners appear less convinced about the young tycoon`s business acumen.
Two prospective business partners have pulled out of joint ventures with PCCW over the past few days, driving the company`s share price down 4.7 per cent on Friday to its lowest close since late April.
PCCW shares have now fallen by more than 50 per cent since Mr Li first unveiled its bold plan to take over Cable &Wireless HKT in February this year. Many analysts are tipping further declines.
Last week`s strong sell-off in PCCW shares followed the announcement by Taiwan`s sole internet service provider, GigaMedia, that it was pulling out of a joint venture to provide Mr Li`s company with Chinese language internet content.
In a separate announcement, the United States internet investment firm CMGI said it was pulling out of plans to establish a $US1.5 billion ($2.7 billion) venture-capital fund with PCCW and another US investment company, Hicks, Muse, Tate & Furst.
Analysts said the decision by GigaMedia would be particularly damaging to PCCW, as it would significantly curtail its ability to provide Chinese-language content on its internet platforms.
But it has not only been prospective business partners who have become increasingly wary about PCCW, with some of Mr Li`s most senior lieutenants recently exercising their share options in the company.
Just over two weeks ago, three of PCCW`s most senior executives sold their $HK2.36 share options in the company at prices of between HK$15.30 and HK$15.60.
Deputy chairman Mr Francis Yuen sold 8 million of his 21.3 million shares; deputy chairman Mr Peter To sold 5 million of his 10.2 million shares; and Mr Mico Chung sold 5 million of his 10.6 million shares.
Analysts said the only thing standing in the way of more executives exercising their share options before PCCC headed further south was the stock exchange rule preventing such sales in the lead-up to the release of the company`s annual results.
PCCW`s share price could face significant pressure over the next few months, according to analysts, as Cable & Wireless plc begins to sell down its 19.1 per cent remaining stake in the company.
C&W is scheduled to sell a 4.9 per cent stake in PCCW before November 15, a further 7 per cent from February 17 next year and its remaining 7 per cent from August 17, 2001.
But PCCW has already begun to hedge its share price to prevent the C&W selldown from sparking a stampede on the Hong Kong stockmarket.
Late last month, Pacific Century Regional Development in Singapore - the major vehicle for Mr Li`s holding in PCCW - issued a $US200 million exchangeable bond to a number of US institutional investors.
"The vehicle amounts to the sale of a call option and represents another hedge against possible downside in PCCW shares," said Indosuez W.I. Carr Securities analyst Mr Greg Feldberg.
"This is another bearish signal for PCCW," he said.
Hong Kong analysts who cover PCCW also almost all think that Telstra paid far too much for its alliance with Mr Li and should have re-negotiated the joint-venture agreement.
"Given the recent sell-off in global telecom stocks, we believe PCCW has done well to get Telstra to stick to the original terms of the deal," Daiwa telecommunications analyst Mr Kelvin Cheng said when the two companies formally signed their joint-venture agreement late last month.
"Formalising this deal without having to change terms is a good result for PCCW," Lehman Brothers said in an equities research note issued after the Telstra-PCCW signing ceremony.
"There has been much talk of Telstra renegotiating the terms, which many had seen as rich," it said.
Many analysts said PCCW was using the deal with Telstra to obfuscate its high gearing.
"PCCW tries to hide debts," said Mr Cheng from Daiwa.
"First, it transferred $US1.125 billion to the 50 per cent-owned IP backbone company, which reduces its attributable debt by US$250 million."
"Second, it classified the US$1.5 billion Telstra convertible bond as cash, whereas we see it as debt."

[networkwilly]

....upss da bin ich wieder, networkwilly ist immer am Ball!

CyberWorks Secures License To Transmit Data Via High-Speed SMW3 "Super-Cable"
Sep 11 2000 12:40PM

Hong Kong, September 11 (AFX-ASIA)

- Pacific Century CyberWorks Ltd said it has been granted a license by UK regulators to transmit data along the high-speed SMW3 cable linking Asia and Europe.
Access to the so-called "super-cable" means data flow between Asia and Europe can bypass the U.S, CyberWorks said. Currently all Asia-Europe internet traffic is routed via the U.S.
SMW3, the world`s longest undersea cable, has total capacity of 40 gigabits per second.
Keith Harrison, CyberWorks Global Communications Managing Director, said with access to the super-cable customers can expect download times up to 30 pct faster for Asia-Europe links.
"This is the first major cable directly linking Asia and Europe, where we expect future information traffic to increase," Harrison said.
He added access to the cable will also reduce costs for CyberWorks, while allowing it to offer improved, high-speed services to China, Malaysia, the Philippines, the United Arab Emirates, Indonesia, Vietnam, and Hong Kong.
Cyberworks and IP Backbone partner Telstra Corp Ltd have jointly invested 120 mln usd in the super-cable project.

[Dos Players]

@ networkwilly,
da kann man mal sehen wie Aktuell D&P ist!



North Asia News
Mon, 11 Sep 2000, 8:27pm HKT

CyberWorks Takes 8.9% Stake in ERA After Taiwan Venture Fails
By Cathy Chan

Hong Kong, Sept. 11 (Bloomberg) --
Pacific Century CyberWorks Ltd., Asia`s No. 2 Internet investment company, said it`s taken an 8.9 percent stake in ERA Communications by investing $50 million in the Taiwan content provider.

The stake acquisition comes after GigaMedia Ltd., one of Taiwan` largest Internet service providers, scrapped a plan to form a venture with CyberWorks.

``We had some disagreements over the shareholding structure,`` said Rebecca Leung, a senior vice president with CyberWorks.

GigaMedia and CyberWorks agreed in May to form two ventures to deliver content over the Internet. The first linked GigaMedia with ERA Communications, and the second joined CyberWorks with ERA and GigaMedia to produce Chinese content. GigaMedia exited the partnership because it failed to obtain a majority stake, Leung said.

CyberWorks said it will own 55 percent in a content joint venture called eracom.com, with ERA holding the remaining 45 percent. The two companies will initially invest HK$200 million in the newly established company.

CyberWorks is in separate talks with GigaMedia and other cable operators on content distribution and other forms of cooperation.

CyberWorks has made broadband services a core part of its business strategy. The company is developing content and distribution for its Pan-Asian multimedia project, Network of the World, which aims to merge the Internet with television.

The company plans to spend $1.5 billion on content development in the next five years.

[networkwilly]

Guten morgen liebe Sorgen....

Man kann immer nur raten, wartet noch ein Weilchen.
Um dann große mengen PCCW-Anteile einzusammeln.
Sehen wir heute noch die 1,80 € bei unsere Pccw?

Ein immer noch sehr geduldiger NETWERKWILLY
wünscht einen guten Tag.

Date: Tue Sep 12 14:59:15 CST 2000
Myinfoage.com
PCCW granted super-cable license
By Staff Writer

Sep 12, 2000 01:29 AM
Pacific Century CyberWorks (PCCW) has been granted a license to transmit high-speed information along an undersea “super-cable” linking Asia and Europe. The hook-up to the world`s longest undersea cable, called SMW3 (South East Asia - Middle East - Western Europe 3), means information can be piped directly from Asia to Europe and bypassing the US, where all Asia-Europe Internet traffic had to pass through. With a total capacity of 40 gigabits per second, SMW3 is also the largest Asian-Europe cable.
Super-cable direct access means up to 30 percent quicker download times can be expected, said Keith Harrison, PCCW’s managing director of PCCW`s Global Communications division.
PCCW and Australian IP backbone partner Telstra have invested US$120 million in the venture. Costing US$1.5 billion overall, SMW3 cable is a 40,000 kilometre, two-fibre pair optical fibre system, which connects 39 landing points from Asia to Western Europe.


11:55 12-SEP-2000
PCCW (0008-HK) finalises Internet backbone JV with Telstra
Pacific Century CyberWorks and Telstra Australia have finalised their pan-Asian Internet backbone project with an agreement to form a 50/50 venture, which could only be injected with a maximum debt of US$1.7 billion.


11:44 12-SEP-2000
PCCW (0008-HK) ADR price falls further to $12.10
The drop of Nasdaq stocks has caused Pacific Century CyberWorks`s American Depositary Receipts (ADRs) to fall another 6 pct in New York last night to close at a price that is equivalent to HK$12.10.

The Hong Kong Economic Times quoted sources linked to the monitoring body as saying that the authorities are concerned about recent comments issued by PCCW`s management on its share price and would follow up on the issue.

[[b][i]@FLAGSHIP(/b][/i]]

Pacific Century
Cyberworks gibt 2 Prozent auf 12,40 HK-Dollar ab.
Die Anleger in Hong Kong sorgen sich um die fundamentale
Situation des Unternehmens und die Aktienbewertung.
"Ich würde warten,
bis PCCW 11,50 bis 11,80 HK-Dollar erreicht.
Auf diesem Niveau ist die Aktie für Langfristanleger kaufenswert.

Das ist die Meinug der anderen, v. [e-mail]

Jeder Fehler, aus dem wir lernen, ist ein Erfolg.
MFG @FLAGSHIP

[Dos Players]

China größter Telekommunikationsmarkt

Nach Meinung des chinesischen Ministeriums für die Informationsindustrie wird China in fünf Jahren der größte Telekommunikationsmarkt werden - sowohl im Festnetzbereich als auch im Mobilfunk. Bis dahin soll es dann 600 Mill Festnetz- und Mobilfunkkunden geben. Momentan kann man 120 Festnetz- und 60 Mill Mobilfunkkunden zählen. Aber allein im ersten Halbjahr kamen 18 bzw. 16 Mill neue Nutzer hinzu und ein Ende des Booms ist noch nicht abzusehen.

-js- 12.09.00 09:56:00

Also der Kurs von PCCW ist ja im Moment nicht grade das gelbe vom Ei!
Kaufe vor 1,50€ keine PCCW.
MfG D&P

[networkwilly]

Der immer agile Willy, works, net, wünscht einen guten Morgen.

Nach den Gestrigen vorgaben der Amerikaner,
werden heute die Kurse auch im Euroland wieder im Minusbereich herum dümpeln. Die 1,70 werden angekratzt.
Im Moment helfen auch die besten News nichts.
Heute keine aktuellen Kurse aus Hongkong? Feiertag?
Hab aber noch Meinungen zu aktuellen Geschichten von gestern oder vorgestern gefunden.


13 Sep 2000

CyberWorks under scrutiny as investors dump shares

Analysts cite two failed ventures, talk of Cable & Wireless share sale

By Quak Hiang Whai

RICHARD Li`s Pacific Century CyberWorks, which swallowed Cable & Wireless HKT last month,
has become a deadweight on the Hongkong bourse,
taking the benchmark index down below a major support level yesterday.

Leading the losers in a pre-holiday session,
CyberWorks --
Asia`s largest Internet investment company by market value --
tumbled a further 3.6 per cent to the year`s lowest level of HK$12.20.

This brings its losses since last week to almost 16 per cent.
The stock is down 45 per cent in six months,
making it the second worst performer among the Hang Seng component stocks.

Other telecom giants Hutchison Whampoa and China Mobile also suffered heavy losses yesterday as investors fled blue chips on concerns over rising oil prices,
the overheating tech sector and impending fund raisings by telecom companies ahead of the bidding of global third-generation mobile phone licences.

The heavy sell-off sent the Hang Seng Index below the support level of 17,000 to 16,629.78, down 2.22 per cent or 378.20 points.

Brokers yesterday said investment funds are pulling out of CyberWorks on widespread concerns over a number of factors.

Besides talk in the market about possible sale of CyberWorks` shares by Cable & Wireless plc, the stock had also been hit by a spate of bad news linked to the cancellation of several strategic partnerships.

These included the abandoning of a venture fund plan with strategic partner Nasdaq-listed CMGI Inc and the decision by Taiwan`s GigaMedia not to join CyberWorks in investing in content provider ERA Communications Co.

Brokers and fund managers were reported to have sold down the counter after the two failed ventures as they worried about whether CyberWorks would be able to deliver its business plans.

Analysts said the failure of the GigaMedia deal could hamper CyberWorks` ability to produce Chinese language content and hinder its expansion into mainland China.

It was also rumoured that several strategic investors of CyberWorks sold options on the counter in the last few sessions with derivative related trading magnifying CyberWorks`s fall.
Among those said to be selling were CMGI which owns 3.1 per cent and Japan`s Hikari Tsushin who controls 3.5 per cent.

In the meantime, the Hongkong Economic Times yesterday quoted an unnamed "management" person at CyberWorks warning small investors to be cautious ahead of the release of its interim results later this month, since they expect a combination of thin turnover and speculative trading to make its share price volatile.

Indeed, analysts expect the stock to remain weak in the weeks ahead and see it falling to between HK$8 and HK$10.

[Legendos]

Hallo und guten Morgen, ich habe gehört,dass Richard Li seinenen kompletten Aktienbestand von Cyberworks abgestossen hat.Weiss jemand was darüber? Legendos

[andrecon]

Also Legendos mit solchen dummen Sprüchen wie "ich habe gehört ...?
bist Du in diesem Board nicht an der richtigen Stelle.

Du versuchst es besser am Spielplatz um die Ecke....

Habe selten so unqualifzierten Aussagen in einem Börsenboard gelesen

.

[networkwilly]

Der immer agile ,NETWORKWILLY wünscht einen guten Morgen.
PCCW jetzt kaufen?

Last updated at Sept 20, 14:56 HKT / 10,750HK$

PCCW`s mystique fades

By Joe Leahy in Hong Kong
Published: September 19 2000 21:08GMT | Last Updated: September 20 2000 01:38GMT


World stock markets have been hard on telecommunications
and internet companies recently but few have been as badly hit as Hong Kong newcomer Pacific Century Cyberworks.

The share price of the internet start-up turned telecoms giant has lost more than a third of its value following the failure of several planned joint ventures,
raising concern over its elaborate business plan to become Asia`s broadband internet and telecommunications giant.
After two weeks of intense selling pressure,
the company`s share price rebounded slightly on Tuesday,
closing up at HK$10.75. But it was still 40 per cent lower than its most recent high of HK$17.70 on August 7.
PCCW`s share price woes date from early August,
when its founder, Richard Li, sold 1 per cent of the company for HK$3.8bn ($0.48bn),
according to a research note by Dresdner Kleinwort Benson.
This came one week before the completion of PCCW`s
takeover of Hong Kong`s dominant phone operator Cable & Wireless-Hongkong Telecom.
Then came reports early this month that Cable & Wireless of the UK, the former controlling shareholder of Hongkong Telecom,
was about to sell 4.9 per cent of PCCW.
This was followed by news that CMGI, the US internet holding company, was abandoning a plan for a US$1.5bn venture capital fund with PCCW and another partner,
and reports that a three-way joint venture with Taiwan companies Gigamedia and ERA Communication had also fallen through.
"The strategy looks like it`s unravelling a little bit," said David Webb,
editor of webb-site.com, an independent corporate watchdog.
He said PCCW`s share price could have further to fall if it cannot maintain its mystique as something more than a telecommunications company.
However, it may be premature to conclude PCCW`s internet dreams are in trouble.
Dresdner Kleinwort Benson said the main damage from the collapsed joint ventures was to sentiment as they had not been factored into the valuation process as they were only plans.
The brokerage has lowered its valuation of PCCW from nearly HK$11 per share to HK$10.15 because of the fall in its share price.
A source at PCCW said the company`s strategy had not been materially affected.
Co-operation with CMGI would continue in other forms,
and distribution and content agreements had been hammered out with Gigamedia and ERA separately.
"This CMGI and Gigamedia stuff has been a perception problem,"
the source said.

[lovergts]

Cable & Wireless Plc verkaufen 4.9% Ihrer PCCW-Aktien mit einem Rabatt von ca. 7,2 - bis 10%!!!!

Cable & Wireless Plc is selling a 4.9 percent stake in Pacific Century CyberWorks (0008) for as much as HK$10.375 billion (US$1.33 billion), underwriting sources said.
The U.K.-based phone company is selling 1.04 billion shares at a 7.2 percent to 10 percent discount to PCCW`s last quote of HK$10.75, or at HK$9.675 to HK$9.976 a share. Merrill Lynch is leading the sale. BNP Paribas Peregrine, ABN Amro and HSBC Investment Bank Asia are also handling the sale.

Auf weiterhin sinkende Kurse!

[Duschgel]

Kann mir das jemand erklären? Kurs PCCW in Hongkong ausgesetzt, weil c&W Anteile billig platzieren will (unter 10 HK$), aber L&S bietet mit 1,67 € Höchstkurse. Wie passt das zusammen?

dg

[mausito]

News Watch
Händler: Cable & Wireless plaziert 1,04 Mrd CyberWorks-Aktien

HONGKONG (dpa-AFX) - Die Telefongesellschaft Cable & Wireless plaziert laut Händler 1,04 Mrd. Aktien der Pacific Century CyberWorks . Die Transaktion werde von den Investmenthäusern Merrill Lynch und ABN Amro Bank ausgeführt, sagten Händler in Honkkong. Cable & Wireless hält 21% an Cyberworks und will nun einen Anteil von 4,95% an der Gruppe verkaufen. Händlern zufolge würden die Papiere mit einem Nachlass von 7 bis 10% im Vergleich zum Schlusskurs von 10,75 HKD angeboten. Zuvor hatte die Hongkonger Börse mitgeteilt, dass CyberWorks die Aussetzung des Handels ihrer Aktien erbeten hatte./nik/cs/sk

[carmenthomas]

L&S 1,67 - 1,70 ???

Da stimmt doch was nicht - oder ???

[mausito]

hi Leute,
hier noch ein paar interessante Infos aus einem anderen Board.
Will Richard über 2 Ecken wieder günstig an seine Aktien rankommen?
gruss
mausito
------
PCRD will Einspruch gegen Urteil einlegen
PCRD, der Mutterkonzern von PCCW, will Einspruch gegen ein vom Singapore High Court gefälltes Urteil einlegen. Verklagt wurde das Unternehmen vom früheren kanadischen Partner Canadian Imperial Investment (CII) wegen Vertragsbruchs. Die Kanadier beschuldigen PCRD einen Joint Venture-Vertrag gebrochen zu haben als sie im letzten Jahr die 75 %-Beteiligung an einer Parkhaus-Unternehmung ungefragt an die Tricom Holding (jetzt bekannt als PCCW!) transferiert haben. CII hielten die restlichen Anteile an dem Parkhaus-Joint Venture. Nun verlangt das Unternehmen 268 Mill HK-$.
----
PCRD vom Handel ausgesetzt
PCRD wurde vor kurzem ebenfalls vom Handel in Singapore ausgesetzt. Es wird spekuliert, dass die Muttergesellschaft von PCCW einen Teil, der von C&W verkauften Aktien erwerben werde.

Erst vor kurzem verkaufte das Unternehmen von Richard Li einen großen Anteil an PCCW-Papieren, was zu Unsicherheiten bei Anlegern führte- allerdings lag der erzielte Preis damals um einiges höher.

[Duschgel]

Entweder pennt LuS, oder es gibt Leute, die meinen, dass der Kurs durch diese Meldungen beflügelt wird. Ich hab erstmal verkauft und gehe morgen wieder rein. Der Schlusskurs von 12,75 HK$ wird morgen sicher nicht ge-toppt!!
Wie ist eure Meinung?

dg

[mausito]

Hi Leute,
hier noch ein paar Infos aus einem anderen Board.
Will Richard über 2 Ecken wieder günstig an seine Aktien kommen?
gruss
mausito
----
PCRD will Einspruch gegen Urteil einlegen
PCRD, der Mutterkonzern von PCCW, will Einspruch gegen ein vom Singapore High Court gefälltes Urteil einlegen. Verklagt wurde das Unternehmen vom früheren kanadischen Partner Canadian Imperial Investment (CII) wegen Vertragsbruchs. Die Kanadier beschuldigen PCRD einen Joint Venture-Vertrag gebrochen zu haben als sie im letzten Jahr die 75 %-Beteiligung an einer Parkhaus-Unternehmung ungefragt an die Tricom Holding (jetzt bekannt als PCCW!) transferiert haben. CII hielten die restlichen Anteile an dem Parkhaus-Joint Venture. Nun verlangt das Unternehmen 268 Mill HK-$.
----
PCRD vom Handel ausgesetzt
PCRD wurde vor kurzem ebenfalls vom Handel in Singapore ausgesetzt. Es wird spekuliert, dass die Muttergesellschaft von PCCW einen Teil, der von C&W verkauften Aktien erwerben werde.

Erst vor kurzem verkaufte das Unternehmen von Richard Li einen großen Anteil an PCCW-Papieren, was zu Unsicherheiten bei Anlegern führte- allerdings lag der erzielte Preis damals um einiges höher.

[R1Jaco]

Hi FLAGSHIP,
das ist sehr gut gesagt, aber meine Fehler haben mich- obwohl ich versuchte nur jeden 1 mal zu machen- viel Geld gekostet.
Wie gesagt, Lehrgeld ist immer eine gute Anlage.
Gruss Jaco

[mausito]

test

[Alibo]

L&S 1.68 - 1.71

grübel, grübel ???

[networkwilly]

PCCW weiter unter Druck ?


PCCW ist ausgesetzt

PCCW wurde gerade ausgesetzt, da das Unternehmen eine Nachricht zu den Aktienverkäufen von C&W Plc hat. (sb)

© Emerging Markets Research, 20.09.00
http://www.em-research.de


PCCW weiter auf Kurs bei der Anleihe

Nach Berichten der South China Morning Post könnte PCCW seine 6 Mrd. US$ Anleihe mit einem Zinssatz, der nur ein Prozent über dem London Interbank Offered Rate liegt, ausgeben. Die 6 Mrd. US$ Anleihe ist Teil der 12 Mrd. Anleihe für die C&W HKT Übernahme. Durch den günstigen Zinssatz würde PCCW eine Zinsersparnis zwischen 60 - 100 Mio. US$ pro Jahr haben. (sb)

PCCW vor weiterer technischer Erholung?

Der Dow Jones Analyst Netty Ismail merkte an, dass PCCW vor einer weiteren technischen Erholung stehen könnte. So sei RSI Indikator im überverkauften Bereich und der DMI signalisiere weitere Gewinne. Die Aktie könne bis 12,5 HK$ steigen, wo dann aber ein starker Widerstand zu finden ist. (sb)

C&W Plc plaziert 1,04 Mrd. PCCW Aktien

Nachdem die PCCW Aktie um 14.30 Uhr Hongkonger Zeit für eine Bekanntmachung ausgesetzt wurde, folgt nun die Nachricht. PCCW gab bekannt, dass BNP Prime Peregrine rund 1,04 Mrd. PCCW Aktien zu einer Preis zwischen 9,68-10 HK$ für C&W Plc platziert hat. Die Zeichnung der Anteile wurde heute geschlossen und das Paket wird morgen endgültig platziert. Merrill Lynch, HSBC und ABM AMRO waren auch Teil dieses Konsortiums. (sb)

Zeichnet PCRD PCCW Aktien von C&W?

Es gibt Gerüchte im Markt, dass die Muttergesellschaft von PCCW- die Pacific Century Regional Development (PCRD), die 34% an PCCW hält - auch PCCW Aktien von C&W Plc. zeichnen wird. Dies ist nach dem Hongkonger Börsenrecht zwar nicht möglich, da PCRD nicht vor der Ergebnisbekanntmachung am 28. September seine Aktienzahl erhöhen darf. Trotz allem schätzen die Markthändler, dass PCRD um eine Ausnahmegenehmigung fragt. (sb)


PCCW ist ausgesetzt

PCCW wurde gerade ausgesetzt, da das Unternehmen eine Nachricht zu den Aktienverkäufen von C&W Plc hat. (sb)

© Emerging Markets Research, 20.09.00
http://www.em-research.de


PCCW weiter auf Kurs bei der Anleihe

Nach Berichten der South China Morning Post könnte PCCW seine 6 Mrd. US$ Anleihe mit einem Zinssatz, der nur ein Prozent über dem London Interbank Offered Rate liegt, ausgeben. Die 6 Mrd. US$ Anleihe ist Teil der 12 Mrd. Anleihe für die C&W HKT Übernahme. Durch den günstigen Zinssatz würde PCCW eine Zinsersparnis zwischen 60 - 100 Mio. US$ pro Jahr haben. (sb)

PCCW vor weiterer technischer Erholung?

Der Dow Jones Analyst Netty Ismail merkte an, dass PCCW vor einer weiteren technischen Erholung stehen könnte. So sei RSI Indikator im überverkauften Bereich und der DMI signalisiere weitere Gewinne. Die Aktie könne bis 12,5 HK$ steigen, wo dann aber ein starker Widerstand zu finden ist. (sb)

C&W Plc plaziert 1,04 Mrd. PCCW Aktien

Nachdem die PCCW Aktie um 14.30 Uhr Hongkonger Zeit für eine Bekanntmachung ausgesetzt wurde, folgt nun die Nachricht. PCCW gab bekannt, dass BNP Prime Peregrine rund 1,04 Mrd. PCCW Aktien zu einer Preis zwischen 9,68-10 HK$ für C&W Plc platziert hat. Die Zeichnung der Anteile wurde heute geschlossen und das Paket wird morgen endgültig platziert. Merrill Lynch, HSBC und ABM AMRO waren auch Teil dieses Konsortiums. (sb)

Zeichnet PCRD PCCW Aktien von C&W?

Es gibt Gerüchte im Markt, dass die Muttergesellschaft von PCCW- die Pacific Century Regional Development (PCRD), die 34% an PCCW hält - auch PCCW Aktien von C&W Plc. zeichnen wird. Dies ist nach dem Hongkonger Börsenrecht zwar nicht möglich, da PCRD nicht vor der Ergebnisbekanntmachung am 28. September seine Aktienzahl erhöhen darf. Trotz allem schätzen die Markthändler, dass PCRD um eine Ausnahmegenehmigung fragt. (sb)



PCCW weiter unter Druck ?

[mausito]

@networkwilly:
Charttechnik is ja schön und gut... auch substanziell ist PCCW wohl weiterhin der Stern im Morgenland und wird seinen Weg die nächsten Jahre machen. Die Frage die sich mir allerdings stellt: Von welchem Niveau aus? selbst bei einem Kurs von 1,5 E ist die Marktkapitalisierung noch gigantisch! ...was meinst du dazu?
Gruss von einem Cheung Wah und Hikarigeschädigten
mausito

[networkwilly]

@mausito, sehe ich auch so.
Kann mir aber immer noch PCCW-Kurse
von weit unter 1,50€ gut vorstellen.
Aktuell ist PCCW bei den Amis dick im Minus ca. 12%.
12,1/2 US Dollars für 10 PCCW.

Sehe die Hauptursache für den schwachen Kurs bei Pccw, die vielen Aktien Verkäufe.
Auch der nicht so gut angekommene Strart von „ Network of the World“ trägt dazu bei.

Ist das nur Mut oder Wahnsinn ?
Was der zweite Sohn von Familien-Patriarch Li Ka-Shing hier betreibt.
Der pokert doch sehr hoch. Oder?

Nun denn auf ein neues HalaLi mit Richard Li
Willynetwerk wünscht noch einen guten Feierabend


PCCW: C&W lehnt Kommentar ab

Ein Sprecher der britischen Cable & Wireless Plc. wollte sich nicht zu der geplanten Platzierung von PCCW Aktien äußern. (sb)

© Emerging Markets Research, 20.09.00
http://www.em-research.de

[networkwilly]

Der Resteverwerter Willynetworks hat heute schon ein paar hundert PCCW Anteile zu 1,25€ eingesammelt.
Sind doch recht günstig. Oder?


http://w3.systranlinks.com/systran/cgi(Übersetzungsprogramm)

PCCW slumps 7% on doubts over Telstra alliance
http://eng.stockhouse.com.hk/comp_info.asp?symbol=8&table=HK…

By Martin Arnold
Published: September 26 2000 07:46GMT | Last Updated: September 26 2000 11:52GMT




Shares in Pacific Century Cyberworks fell by 7 per cent
on Tuesday following a report that Telstra,Australia`s leading telecoms company, may be looking to renegotiate the terms of its $3bn alliance with the Hong Kong-based telecoms and internet group.
Telstra may be looking to change the terms and conditions of the partnership to take account of the more than 50 per cent fall in PCCW`s shares since the deal was announced in April,
according to a report in The Australian newspaper.
Telstra declined to comment on the report.
PCCW`s shares have fallen from HK$19.52 before the tie-up was announced to HK$8.65 on Tuesday, near their all-time low.
Telstra`s shares have also suffered recently, hovering around their two-year low,
but they were up 3 per cent at A$5.85 on Tuesday.
Investors in both companies have become increasingly worried by the apparent discrepancies between the companies` share prices and the terms of the deal,
which were first announced at the height of the boom in technology stocks and are yet to be finalised.
The biggest concern on the alliance in the short term revolves around whether a $1.5bn convertible loan note to Telstra will be renegotiated.

The bond was to be convertible at HK$23.69 but this was changed to HK$19.52 last month. Under pressure at home,
partly because of PCCW`s woes, Telstra may want to renegotiate again,
though PCCW has insisted the talks are on track.
Telstra has been caught by the global sell-off of shares
in traditional telecom stocks and hit as the Australian dollar
has slumped to an all-time low against the US dollar,
encouraging overseas investors to dump local shares.

[andibert]

Baan Teil II und sonst nichts.
Das Geld is wohl futsch.

[networkwilly]

Morgen!,
werden wir eine wende bei PCCW erleben!
Oder?

Allen ernsthaft Investierten wird Richard Li
noch viel Freude bereiten.
Also Leute seid dabei!
Guten Tag noch mit PCCW wünscht Networkwilly

Last updated at Sept 27, 15:17 HKT
Last 9.050 Change ?0.400 Chg +4.62 %


14:52 27-SEP-2000
PCCW (0008-HK) in rally, pushing up HSI
Pacific Century CyberWorks (PCCW) was on the rebound in the afternoon, rising $0.3 or 3 pct to $8.95, pushing up the general market.

A number of blue-chips, including Cheung Kong (0001-HK), Hutchison Whampoa (0013-HK) and HSBC Holdings (0005-HK), also rallied. However, China Mobile (0941-HK) softened, seesawing below the $50 level.


14:19 27-SEP-2000
Telstra shares on rebound after renewing contract talks with PCCW
Share price of Australia`s Telstra keeps going up on news that the company has renewed talks with PCCW (0008-HK) over terms of their joint projects. It rose 18 Australian cents to A$5.83, surging through the A$6.00 level this morning.

The Australian government is the major shareholder of Telstra. More than a million Australian residents bought Telstra shares in the second phase of its privatisation. Many Shareholders took it out on the politicians after seeing a one-third loss in Telstra`s share price. The politicians in turn blamed the administration. As a result, Telstra had to bring PCCW back to the bargain table.


10:09 27-SEP-2000
PCCW (0008-HK) ADR drops to $8.20 equivalent
Price of PCCW`s American Depositary Receipt (ADR) dropped to about $8.20 equivalent in tandem with the slump of US stocks.

China Mobile`s (0941-HK) ADR also fell to around $50 and Hutchison Whampoa (0013-HK) sank to $99. Both prices are equivalent to the HK dollar.

[The Australien]

Morjen an alle Li Fans,

aus dem Asiainternet:


PCCW. 1,2 Mrd US-$ zur Expansion; Investor gesucht



PCCW-Chairman Richard Li sagte gestern in Singapore, dass man 1,2 Mrd US-$ "cash on hand" für Kooperationen bzw. die weitere Expansion im nächsten Jahr habe. Zum Kursverlust der letzten Tage sagte er nur, dass dieser durch den PCCW-Verkauf durch C&W zusatnde kam. Dieser Verkauf habe jedoch keien Auswirkungen auf die Unternehmensoperationen.

Weiter sagte Li, dass man nach einem strategischen Investor suche, der den 15 %-Anteil an PCCW, den C&W immer noch hält, übernimmt.



-js- 27.09.00 09:45:00


Gruß und stay cool

Aussie

[networkwilly]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[networkwilly]

Machen wir‘s den Schwalben nach, bauen wir uns ein Nest,....bei PCCW!


PCCW: Joint Venture mit China Unicom

Wie schon lange von der Lokalpresse spekuliert wurde,
gab PCCW heute auch ein 2,5 Mill US-$-Joint Venture mit einem großen chinesischen Unternehmen bekannt.
PCCW hat mit der zweitgrößten chinesischen Mobilfunkgesellschaft China Unicom eine Zusammenarbeit beschlossen.
Beide Unternehmen wollen zusammen mehere Internet-Geschäfte auf die Beine stellen,
z.B. Online Gelbe-Seiten...
PCCW wird 38 % an dem Joint Venture halten.
-js- 28.09.00 12:59:00



dazu eine Meldung, auch v. asiainternet.de

China Unicom übertrifft Erwartungen


China Unicom hat mit seinen Halbjahresergebnissen die Schätzungen der Analysten übertroffen. Das Unternehmen gab nach Börsenschluß bekannt, dass man in den ersten sechs Monaten bis Juni 2000 einen Netto-Gewinn von 171 Mill Yuan (160 Mill HK-$) erzielt habe. Im letzten Jahr betrug der Gewinn noch 270 Mill Yuan.Für das gesamte Geschäftsjahr 99 wurden 839 Mill Yuan erzielt. Die Analystenschätzungen gingen bis zu einem Verlust von 500 Mill Yuan. Vor allem Einmal-Kosten für den Aufbau des Netzwerkes belasteten den Gewinn.

Beim Umsatz konnte das Unternehmen 30 % auf 10,5 Mrd Yuan (9,87 Mrd HK-$) zulegen. Hier spielte der starke Mobilfunkbereich eine Rolle. Dieser Bereich übertraff auch erstmals die Umsätze, die das Unternehmen mit den beliebten Pagern macht.

Bei den Mobilfunkkunden wurde eine Steigerung von über 100 % erreicht. Das Unternehmen kann nun 8,3 Mill Nutzer zählen (Dez 99: 4,1 Mill). Der Marktanteil stieg von 14,2 auf 19,6 %. Die Kunden telefonierten durchschnittlich 214 Minuten im Monat und verursachten so einen Umsatz von 139,4 Yuan. Das entspricht einem Umsatzrückgang pro Nutzer um 16 %. Ähnliche Probleme hat auch China Mobile. Dies kommt dadurch zustande, dass nun auch immer mehr "Wenig-Telefonierer" sich ein Handy in China zulegen.

[networkwilly]

TECHNOLOGY

Dell CEO and Richard Li to discuss ties

Sep 28 2000 10:06AM

BIEN PEREZ

Dell Computer, the world`s leading maker of built-to-order computer systems, is looking to establish an alliance with Richard Li`s Pacific Century CyberWorks (0008.HK).
Michael Dell, chairman and chief executive of the Texas-based computer maker, announced the development yesterday saying he was scheduled to meet with Mr Li and talk about establishing "a more broad cooperation" between their two companies.
Mr Dell declined to discuss what the scope of the proposed co-operation would be. He also refused to answer a question on whether initiating such talks was a vote of confidence for Mr Li`s leadership at CyberWorks whose share price has come under heavy pressure.
Mr Dell did not elaborate on the existing ties between CyberWorks and Dell.
Michael Leary, a senior analyst at Lehman Brothers in Hong Kong, said he was not aware of an existing co-operation between the two but pointed out that the pursuit of such talks "by a person of Mr Dell`s stature" reflected well on CyberWorks` status as "a leading Internet company in the region".
"There are synergies that can be tapped by both companies," Mr Leary said.
Dorothy Lai, an analyst at research firm Gartner Group, said the proposed co-operation could mainly involve integrating Dell`s server computers and data-storage systems into CyberWorks` significant data center and Web-hosting facilities.
"This is the only possible scenario I can think of, following the example of the former Cable & Wireless HKT`s alliance with Intel," Ms Lai said.
Intel`s partnership with HKT involved supplying computer networking hardware to support the local carrier`s data center and Web hosting facilities.
Kitty Fok, an analyst at International Data Corp (IDC), said the other possible co-operation scenario could involve boosting sales of Dell hardware through some form of bundling programs geared for Hong Kong`s many small- and medium-sized enterprises.
"Dell has become quite popular with small businesses in Hong Kong," Ms Fok said, but she added that Dell still had a way to go to catch up with the top three computer vendors in the local market -- IBM, Compaq Computer and Hewlett-Packard.
IDC figures for the second quarter show that of the 168,000 personal computers sold in Hong Kong, IBM had a 23% share, Compaq cornered 19%, HP 12%, and Acer 10%.
Dell was ranked fifth, with an 8% share. Other vendors got 28%.
David Webb, editor of online market resource http://www.Webb-site.com", emphasized that "nothing much" should be read from the talks.
"CEOs usually hold talks when they visit each other`s countries," he said.

Copyright © 2000 South China Morning Post Publishers Ltd. All Rights Reserved.

[networkwilly]

Guten Morgen
wünscht Willyworksnett

Future of Telstra top brass uncertain
Staff Reporter, Hong Kong iMail

Telstra chief executive Ziggy Switkowski is under pressure over the alliance with PCCW chairman Richard Li Tzar-kai



The future of Telstra Corporation`s chief executive, Ziggy Switkowski, along with a number of key executives hangs in the balance over the company`s US$3 billion ($23.4 billion) alliance with Pacific Century CyberWorks (0008), according to a report in the weekend edition of the Australian Financial Review.
The Review said the board`s deliberations in the repricing of the deal, which could take place as early as tomorrow , could decide the fate of the company`s senior management including the chief executive Mr Switkowski.
The Australian government, which is Telstra`s single major shareholder, has become ``increasingly concerned about the domestic political implications of the company`s troubled Asian alliance.``
Among those whose jobs are on the line include Mr Ted Pretty, the architect of the deal with PCCW, the paper said.
The paper, quoting unnamed sources, said apart from the government the Telstra board will hold Mr Switkowski ``fully accountable`` for the PCCW deal.
The details and pricing of the deal were released to the market in August before the global re-rating of the telecom sector when valuations fell by more than 20 per cent, the paper said.
Both PCCW and Telstra`s shares have been hammered in recent weeks.
The fall in Telstra shares has been compounded by perceptions that the Asian deal was too expensive, according to the the paper.
PCCW`s share price has fallen sharply since August as investors grow increasingly concerned over the Cable & Wireless` remaining 14.9 per cent holding and the poor performance of PCCW`s Network of the World. 2 October 2000 / 02:07 AM
HkiMail---News

[networkwilly]

Der sogenannte Plan " B" , ein Deal mit AT&T oder NTT könnte zwar den Deal mit Telstra mehr als aufwiegen, aber wären die psychologischen Effekte eines Scheiterns mit Telstra sicherlich problematisch.
Am besten wäre es wohl, mit den Australiern UND den Japanern zu kooperieren. Dann könnte man beruhigt jeden Zweifel an einem " Kauf" der PCCW- Aktie streichen.

Dieses ist nur ein kleiner ausschnitt vomhttp://www.asiainternet.de/Bericht.



Telstra shrugs off Li `plan B`
10: 38 AM AEST October 2

The Australian

Telstra Corporation Limited is confident of successfully
re-negotiating the terms of a partnership deal. The Australian
telecommunications company had agreed to pay $US1.5 billion for a 40 per cent
share in a joint venture with Pacific Century Cyberworks (PCCW) Limited. The
partnership was to involve the merger of the two groups` Internet protocol
assets to form telecommunications businesses. Telstra decided to seek a
better deal when PCCW`s shares fell 40.5 per cent in September 2000. In
October 2000, PCCW is said to be $US12 million in debt. The Hong Kong company
has reportedly developed a "plan B`, which may involve an alliance with AT&T
Corporation or NTT Corporation.

[networkwilly]

CyberWorks Reportedly Ready to Cede Control in Telstra Venture
Dow Jones Business News
HONG KONG --
Pacific Century CyberWorks Ltd. is ready to give up a controlling stake in a regional mobile phone venture with Australia`s Telstra Corp. in order to complete its alliance with Telstra, the South China Morning Post reported Tuesday.
The two companies earlier this year agreed in principle to merge their Asian assets and form three new companies: a mobile telecommunications company, an Internet company to operate current assets and a new company to look at data-related acquisitions and alliances in Asia.
There have since been continuing market concerns that the success of Telstra`s Asian expansion plans hinges on a revision of the transaction to take into account the recent steep fall in CyberWorks`s share price.
The paper, quoting "sources at the company", said one of the two amendments to a tie-up with Telstra announced in April is for Telstra (TLS) to take more than 50% in the mobile venture. The sources didn`t dislose the other major amendment.
Originally, Telstra had agreed to take a 40% stake in the mobile venture for $1.5 billion, and pay CyberWorks another $1.5 billion to subscribe to notes convertible into CyberWorks shares. It also agreed to form two other ventures with CyberWorks - one merging their Internet Protocol backbone assets, and the other to jointly operate Internet data management centers.
A CyberWorks spokeswoman declined to comment on the report, saying it was "pure speculation". She also reiterated what CyberWorks Chairman Richard Li was quoted as saying Monday that the company isn`t ready yet to sign the deal with Telstra this week, although that, too, could change any time.
Telstra has been under mounting pressure to re-negotiate the terms of the joint ventures since CyberWorks shares fell nearly 40% following the company`s merger with former Cable & Wireless HKT Ltd.
(Compiled from Dow Jones Newswires and other sources)
Copyright (c) 2000 Dow Jones & Company, Inc
Holzauge sei Wachsam!
http://dowjones.work.com/index.asp?layout=story_news_asia&do…

[eige]

Scheinbar wird noch verhandelt, aber PCCW scheint nicht mehr unbedingt die Hosen anzuhaben...

Eige

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CyberWorks to give Telstra control of mobile venture: report

Internet investor Pacific Century Cyberworks has agreed to surrender control of a planned mobile phone venture with Telstra of Australia, a report has said.

CyberWorks will allow Telstra to control more than 50 percent in the regional venture, the South China Morning Post reported, adding that the concession is to ensure the completion of the deal.

The latest agreement came after Telstra threatened to pull out of the deal, citing the sharp plunge in CyberWorks` share price.

CyberWorks shares, listed in Hong Kong, have fallen 55 percent this year, in line with a worldwide decline in technology stocks.

Telstra was originally to control 40 percent of the venture as a partnership, which would have included Telstra investing US$3 billion in CyberWorks.


http://www.channelnewsasia.com/articles/2000/10/04/business1…

[Dos Players]

Ist ja nicht viel los hier im Board v. PCCW

Na klar, wer sich allein langweilt,
ist auch zu zweit nicht sehr unterhaltend.




CyberWorks und CMGI-Tochter NaviSite planen Kooperation in Asien

HONGKONG (dpa-AFX) -
Die Hongkonger Internetholding Pacific Century CyberWorks (TH3.BER) und die CMGI-Tochter (CMGI.NAS) (CGO.FSE) NaviSite (NAVI.NAS) (NA7.BER) haben eine Absichtserklärung unterzeichnet, der zufolge die Firmen gemeinsam über das Internet Anwendungen betreiben wollen. Dieser Application Hosting Service solle unter beiden Markennamen angeboten werden, teilten die Firmen gemeinsam am Mittwoch mit. Der Dienst soll demnach zunächst in Hongkong und später möglicherweise in weiteren Teilen Asiens angeboten werden.

Den Angaben zufolge wird sich Pacific Century CyberWorks durch ihre hundertprozentige Tochter PCCW-HKT Data Centre Services an dem Joint-Venture beteiligen. Bei dem gemeinsamen Projekt soll die Infrastruktur von Navisite zum Einsatz kommen, die in den EDV-Zentren von CyberWorks betrieben werde. Den Planungen zufolge wird Navisite die Dienste amerikanischen Unternehmen anbieten, die nach Hongkong expandieren möchten./cs/ak/fl

[eige]

Der neue Telstra Deal scheint Formen anzunehmen und die PCCW Aktien ziehen am HSI bereits wieder an...

Demnach wird sich Telstra mit nur 2,5 Mrd anstatt der gepanten 3 Mrd beteiligen.

----- 8< ----- 8< ----- 8< ----- 8< ----- 8<

Telstra plans to scale back its planned US$3 billion investment in Pacific Century CyberWorks to about US$2.5 billion.

According to a report in the South China Morning Post, the cutback is due to the rapid decline in CyberWorks` share prices, since the terms of the deal were first hammered out.

Earlier this year, the Australian telecom giant formed an alliance with CyberWorks and said it would invest US$1.5 billion in convertible bonds, which would give Telstra a two percent stake in CyberWorks.

Telstra now plans to subscribe to only US$1 billion in convertible notes.

But it will still end up with more than two percent of CyberWorks, reflecting a 48 percent slide in CyberWorks shares since mid-August.

Telstra will still invest another US$1.5 billion in joint mobile phone ventures in the region, but will receive a larger stake for its capital infusion.

Both companies said talks were still ongoing.

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Eige

http://www.channelnewsasia.com/articles/2000/10/05/business1…