NEWS-Thread zu Pacific Century Cyberworks - 500 Beiträge pro Seite

[ZOOMZOOM]

hi

da es täglich news von pac cent cyber hagelt
schlage ich vor einen reinen news thread aufzumachen in dem nur news zu 1186 stehen, keine beiträge

wir würden chronologisch heute beginnen
ich halte das für sehr übersichtlicher und informativ

ich fange dann mal mit den news an der letzte stunden an:



17:07 PCCW (1186):

Future e-commerce mainly in B2B

Pacific Century CyberWorks Chairman (PCCW)(1186) Mr Richard Li predicted in a seminar this afternoon that the development in e-commerce in the future would mainly be business to business (B2B), business to consumption would only occupy a small part. So he thought that the operation pattern of the supermarkets would still exist in 5 years.

Mr Li also said that when doing businesses in the internet, besides the good quality of the products, the reputation of the company would be of great importance. In addition, he added that not only big enterprises could exist in the domain of internet, or even the big enterprises would fail in this field.

Mr Li pointed out that compared to English interface, there would be certain difficulty in information transmission through Chinese interface in the internet. Moreover, in order to have rapid development in e-commerce, he said it was also very important to have comprehensive telecommunications facilities. He added HK had got its prerequisites.

He also thought that there were so many advantages to launch e-commerce in Asia, among which was the reduction of the distribution cost.

(14/01/00)

[ZOOMZOOM]

18:36 PCCW (1186):

Interested in direct investment cable TV

Pacific Century CyberWorks (1186) (PCCW) Director Mr Alexander Anthony Arena told the media today that the company was interested in the direct investment into cable TV companies. In addition, at present the company was having discussions with several Japanese companies about the possibility of acquisition, the involved businesses however not only limited to the items of cable TV.

Regarding the rumour that PCCW would join Softbank to form a joint-venture, Chairman Mr Richard Li refused to comment on this.

(14/01/00)

[Sepp Lederhose]

Freitag, 14.01.2000, 12:04
Hikari Tsushin Vorstand `aufgeschlossen` für Aktientausch mit Cyberworks
HONGKONG (dpa-AFX) - Der Vorstandvorsitzende von Hikari Tsushin Inc. , Yasumitsu Shigeta, hat sich "aufgeschlossen" für einen Aktientausch mit der Hongkonger Internetholding Pacific Century Cyberworks gezeigt. Beide Unternehmen hätten eine lange Tagesordnung mit Diskussionspunkten, sagte Shigeta am Freitag in Hongkong. Shigeta hatte eine Absichtserklärung unterzeichnet, der zufolge Hikari Tushsin sich in dem CyberPort-Industriepark einmieten wird. CyberPort ist ein von Pacific Century Cyberworks ins Leben gerufener Industriepark für High-Tech-Firmen.

"Wir werden verschiedene Möglichkeiten erörtern" sagte Shigeta. Dazu gehöre auch ein Aktientausch. Die beiden Firmen seien sehr optimistisch was ihre Gemeinsamkeiten angehe. Hikari Tsushin werde aktiv an dem CyberPort-Projekt teilnehmen, das vielfältige Möglichkeiten eröffne. Die von Hikari und Cyberworks übernommene Golden Power International Holdings Ltd erwäge ebenfalls sich in den CyberPort-Park einzumieten.

Richard Li, Vorstand von Cyberworks, gab keinen Kommentar zu Spekulationen über eine Zusammenarbeit mit Softbank. "Ich glaube nicht, dass derzeit ein Kommentar angemessen ist," sagte Li. Es sei jedoch viel Raum für weitere Kooperationen im Internetsektor. Es gäbe dabei nicht mehr Anlass zu Fusionen, als in anderen Branchen./cs/ro



[e-mail]

[ZOOMZOOM]

18:02

PCCW(1186) and Hikari`s management had no definite answer to share swap rumour


Market rumoured on the share swap between PCCW (1186) and Hikari Tsushin, Richard Li, Chairman of the former, refused to comment in the press conference, and Yasumitsu Shigeta, CEO of the latter, pointed that the company did not rule out the possibility of share swap and was open-minded to any form of coorperation.

Yasumitsu Shigeta said after the press conference that PCCW would continue to discuss the possibility of coorperation with them. He said that coorperation could be in serveral aspects but did not disclose further details.


(14/01/00), INFOCAST NEWS

[ZOOMZOOM]

17:33


Hikari Tsushin signed with PCCW (1186) to become tenant of Cyberport

Richard Li, Chairman of Pacific Century CyberWorks 1186), said that the company signed a Memorandum of Understanding MOU) with Hikari Tsushin today. The latter would become the tenant of Cyberport and both of them would investigate the possibility of coorperation to explore more commercial chances in Asia.

He said that the company would discuss with Hikari Tsushin on the chance of coorperation in the coming 24 hours.


(14/01/00) Infocast News

[ZOOMZOOM]

16:57

CTI (3):study on teaming up with PCCW (1186) on net content development

Ricky Wong, Chairman of City Telecom (CTI) (1137), told the analysts that Pacific Century CyberWorks (1186) invested in 8% stakes of the company at end-99, both sides would have chance to research on possibility of development of developing Internet content service together.

In the meantime, the company would unveil their strategy of developing business in mainland, and proposed to be Internet content provider in China and Canada.


(14/01/00) Infocast

[ZOOMZOOM]

09:42

PCCW (1186) invested in 5% stakes in Horizon.com

Pacific Century CyberWorks (1186) would spend approximately $24 million to acquire 5% stakes in Horizon.com in Singapore in addition to the options for acquiring other 10% stakes, according to foreign newswire.

Horizon.com engaged in Internet education software to provide service through high-speed Internet service.

Horizon.com was launching IPO in Singapore at the first time, issuing 14 million new shares, of which, 4.2 million shares for public offer, 8.4 million for institutional subscription, the remaining for staff subscription. PCCW had undertaken to subscribe 2.8 million shares of the total, as the price of the new shares was at $1.88 Singapore dollar therefore the subscription involved about 5.2 million Singapore dollar (about $24 million).

(14/01/00)


ich denke das wars an ad hocs für heute

[ZOOMZOOM]

zusätzlich zu dem heutigen bombardemant mit news gabs auch noch ein cover von GS:


Goldman Sachs: CyberWorks Outperforms Market

(1186) Jan 14,2000 - 17:56:31 HKT

Pacific Century CyberWorks (1186), via the expansion of
its subsidiaries PC Convergence and CyberWorks
Ventures, is determined to become the prominent
broadband Internet provider in Asia.

According to Goldman Sachs, CyberWorks, with its
diversified income sources and its cost control efficiency
as well as the limited capital required for investments, is
likely to become profitable in a short period of time.

The investment house predicts that CyberWorks will
achieve a profit as early as 2002 and will generate
revenues of up to US$3 billion by 2004. As an Internet
firm, the performance is quite fascinating, said Goldman
Sachs. The stock is expected to outperform the market. The
stock closed at $16.75 today, down $0.50.

Quamnet News


das ist nun die positive 8 news an einem Tag

[CPD2000]

SHOPPING SPREE
They`re buying like crazy, and their stock prices are soaring as buzz builds. But are Asia`s Internet-investment giants--Softbank, Pacific Century CyberWorks and the rest--worth the premiums they command? Look closely at what they are doing, and a method emerges out of what at first seems a mad spending spree. ...
http://www.feer.com/_0001_20/p10cover.html

[otc]

Aktienporträt: Pacific Century CyberWorks


Pacific Century CyberWorks war am Aktienmarkt in Hongkong einer der Börsenfavoriten im Jahr 1999. Auch für das Jahr 2000 könnte die Aktie ein interessantes Investment bleiben.
Pacific Century CyberWorks hat durch seine Beteiligungen an 28 asiatischen Internet- und Technologiefirmen bereits stille Reserven von umgerechnet 1,3 Milliarden US-Dollar aufgehäuft. Einer der besten Investitionen war der Kauf einer Aktienpakets von 3,4% an der amerikanischen Internetholding CMGI, durch das bis heute ein Profit von 205 Mio. US-Dollar erzielt werden konnte.
Ein Drittel aller Beteiligungen sind bis heute bereits durch ein IPO an die Börse gebracht worden. Nach und nach sollen auch alle anderen Beteiligungen an den Aktienmarkt in Hongkong gebracht werden. PCCW hat nun in den vergangenen Tagen eine 10%-ige Beteiligung an der Internetfirma für Informationsportale Tom.com eingegangen. Weitere Investoren dieser Firma sind Cheung Kong mit 20% und Hutchison Telecom mit 40%.
Obwohl das PCCW in den kommenden Monaten und Jahren keinen Gewinn erzielen wird, bleibt die Aktie ein Investment um sich in dem breiten asiatischen Internetmarkt zu engagieren.

14.01.00

[Daxreiter]

Wird der Wert in USA gehandelt? Und unter welchem Kürzelß

Danke im voraus

[Dako]

Wird in USA unter Kürzel pcclf gehandelt.

[SPKC]

Kann mir jemand sagen, wie hoch die Marktkapitalisierung ist?
Vielen Dank.

SPKC

[winzigweich]

Es gibt ca 8 Millarden Aktien, bei einem Kurs von 2.2$
ergibt ein Betrag so um die 20Millarden US$

[MARIANE]

In der EURO am Sonntag steht heute ein netter Artikel zu PCCW, solltet
einmal darüber Eure Meinungen posten, was haltet Ihr davon????

[ZOOMZOOM]

Hi Leute,

ich weise wiederholt darauf hin, daß dieser Thread nur zum posten von News verwendet werden soll.


Also nochmal:


Hier KEINE Beiträge posten!


Nehmt dafür bitte einen der anderen 30 PCCW Threads.

Viele hier möchten nur die Unternehmensmeldungen lesen, und haben weitere Einschätzungen oder Daten nicht nötig.


Danke

ZoomZoom

[ZOOMZOOM]

nach der kaufempfehlung vom Freitag nun die komplette Analyse von Merril Lynch:


17/01/00

Pacific Century Cyberworks (1186) – BUY
Source from Merrill Lynch


Summary

Recent share price appreciation has made PCCW the largest-cap Internet company in Asia outside Japan.
Although the valuation seems high, we think PCCW’s momentum will continue and we maintain out BUY rating.
Our HK$25 price objective is based on the assumption that PCCW will equal SoftBank’s market capitalization within a year.


Table 1

Year end Dec
99
2000E
2001E

EPS (HK$)
0.01
-0.06
-0.05

P/E (x)
N/A
N/A
N/A

CFPS
-0.09
-0.20
-0.25

P/CF
N/A
N/A
N/A

Suggested Price: HK$16.10 (12/01/00)

Target Price: HK$25.00




Highlights

We think the most significant new developments for PCCW involve four areas:

1) New exposure to wireless content delivery (through Hikari/Golden Power),

2) New exposure to Japan (Hikari, Spike), increased exposure to B2B (NetCel),

3) More content (TWI).

As an investment vehicle, PCCW appears to be an attractive means to play the development of the Internet in Asia. The bonquet of holdings minimizes the stock-picking risk.
On broadband, our search of PCCW’s registered domain names has revealed the company’s plans for an extraordinary depth of content and services. We have found 129 PCCW-related Web sites under construction.

[ZOOMZOOM]

wasn sch...
da schreibt man beiträge und die kommen nicht an

trotz meldung

also 2 versuch Merril Lynch Analyse nach Buy ratimg vom freitag:17/01/00

Pacific Century Cyberworks (1186) – BUY
Source from Merrill Lynch


Summary

Recent share price appreciation has made PCCW the largest-cap Internet company in Asia outside Japan.
Although the valuation seems high, we think PCCW’s momentum will continue and we maintain out BUY rating.
Our HK$25 price objective is based on the assumption that PCCW will equal SoftBank’s market capitalization within a year.


Table 1

Year end Dec
99
2000E
2001E

EPS (HK$)
0.01
-0.06
-0.05

P/E (x)
N/A
N/A
N/A

CFPS
-0.09
-0.20
-0.25

P/CF
N/A
N/A
N/A

Suggested Price: HK$16.10 (12/01/00)

Target Price: HK$25.00




Highlights

We think the most significant new developments for PCCW involve four areas:

1) New exposure to wireless content delivery (through Hikari/Golden Power),
2) New exposure to Japan (Hikari, Spike), increased exposure to B2B (NetCel),
3) More content (TWI).

As an investment vehicle, PCCW appears to be an attractive means to play the development of the Internet in Asia. The bonquet of holdings minimizes the stock-picking risk.
On broadband, our search of PCCW’s registered domain names has revealed the company’s plans for an extraordinary depth of content and services. We have found 129 PCCW-related Web sites under construction.



hoffentlich klappts jetzt

ZoomZoom

[ZOOMZOOM]

Bweitere Beteiligung von PCCW:



Richard Li, youngest son of Cheung Kong Chairman Li Ka-Shing, had said Pacific Century CyberWorks <1186.HK> would take a stake of less than 10 percent in TOM.COM.


hier dei zugehörige meldung:



14:34 18-JAN-2000


Hutchison, Cheung Kong web portal targets China



HONG KONG, Jan 18 (Reuters) - Hutchison Whampoa Ltd <0013.HK> and Cheung Kong Holdings Ltd <0001.HK> on Tuesday formally launched their Internet portal, TOM.COM Ltd, saying it will offer China-related information to both Chinese and global audiences.

"TOM.COM is positioned to be a niche portal, providing comprehensive and in-depth China-related infotainment content, targeting both Chinese and global audiences," said Karl Chang, chief executive officer of TOM.COM said in a statement.

Tom.com will also provide services such as personalised news, ticker service, weather updates of major cities around the world, stock market information, real-time radio, video display and entertainment clips, as well as comprehensive community features such as e-mail and chat rooms. It said e-commerce was also an area TOM.COM would take on in the near future, Chang said. The company is 40 percent held by Hutchison, 20 percent by Cheung Kong and 40 percent by other strategic investors, with broad access to key mainland content partners.

Richard Li, youngest son of Cheung Kong Chairman Li Ka-Shing, had said Pacific Century CyberWorks <1186.HK> would take a stake of less than 10 percent in TOM.COM.

Exclusive long-term relationships have been formed with key industry leaders in China to provide exclusive content for the portal.

The first group of exclusive content partners are China Travel Network Co Ltd, Chinese Historical Antiquities Exchange Association, China National Publications Import and Export, Guangzhou Online Information Industry, Chinese Academy of Science, Cyber Catalyst Net Co Ltd, Beijing Oriental Spider Advertising Co and Beijing Xin Chao Yue Advertising Co Ltd. ((Hong Kong Newsroom [phone], Fax [phone] [e-mail])) .

[Alec]

Auch PCC aber auch eine Betrachtung des enormen Potentials des pacific rim Gebiets.

Sunday January 16 1:20 PM ET
Asian Net Stocks May Outrun U.S. Peers
By Nick Edwards

HONG KONG (Reuters) - Asian Internet shares look set for a strong run and should outpace their U.S. peers as investors drool over their vast potential, a top investment banker said.

The region`s Internet ventures are the toddlers of the new on-line age and have more years of rapid growth ahead of them than the more mature firms of the U.S. market, said David Williams, head of Merrill Lynch`s Asia Pacific Internet group.

Listed Asian Internet firms are also harder to find.

No major price correction is expected to hit them until there are several listed direct competitors in each of the local markets, said Williams, who is based in Hong Kong.

He told Reuters that Asian cyber share premiums ``should be at anything from 25 to 50 percent over the median in the U.S.`` given the potential size and immaturity of their markets, the limited number of shares available and strong investor appetite.

``Most of the sectors in the U.S. don`t have as many years ahead of them of rapid revenue growth as you`ll see in these (emerging market) countries,`` he said.

Revenues Now, Profits Later

Revenue multiples have emerged as the key trading measure for Internet stocks because most of them barely make profits -- certainly not at levels that validate their valuations.

Typical Internet access providers in Asia could expect to trade at 10 times their revenues per share, while top portals should trade at 50 times revenues, Williams said.

He said investors were drooling over the sheer population numbers and projected computer-usage rates in Asia. China and India alone account for about a third of the world`s people.

Williams says firms looking to list no longer need to turn to the technology-rich U.S. Nasdaq market to achieve high valuations.

``A year ago that was true. There was a belief that only Nasdaq would give you the tech valuations that people in the sector wanted,`` he said.

Williams typically recommends both a local and a Nasdaq listing, but says the local route could be the best option if a company intends to focus its expansion strategy entirely in Asia.

``The whole Internet wave has hit Asia and investors want these stocks, but there aren`t enough for them to invest in,`` he said.

Choice Of Markets

Williams expects at least a dozen Asian cyber firms to list on Nasdaq this year, but probably twice that number to list locally on Hong Kong`s Growth Enterprise Market, South Korea`s Kosdaq market, or in Singapore.

But he said investors would want hard evidence that the firms could fund growth investment and fulfil business plans.

``The market, for the huge multiples being paid for these companies, expects rapid growth and that includes in most cases acquisitions,`` Williams said.

``For a company like Pacific Century Cyberworks, the fact that they`re continually making acquisitions helps support the share price. If they weren`t doing any of that, they wouldn`t be able to command the valuation they do,`` he said.

Pacific Century Cyberworks stock closed at HK$16.75 (US$2.15) on Friday, up 16.3 percent on the previous week`s close.

The firm is one of a handful of pure Asian Internet plays, of which the Nasdaq-listed Satyam Infoway of India and Hong Kong`s China.com are the role models.

As more cyber shares hit the local markets and compete, their valuations will begin to diverge, Williams said.

``Take China as the example: once the three major portals are public and they`re out there with China.com, then you`re going to see a lot more differentiation between the players... as investors choose business models they prefer.

``That will impact valuations on the positive side for the winners in each sector. Number one and number two will trade at significant premiums to number three and number four.

``And that will happen sooner than you might expect.``

http://dailynews.yahoo.com/h/nm/20000116/tc/tech_asia_1.html

[ZOOMZOOM]

neue beteiligung?



10:00 PCCW (1186) plans to invest in Mainland China`s largest ICQ

Mingpao quoted the speech of the spokesman of Pacific Century CyberWorks (1186)(PCCW) that the company planned to join US venture capital company IDG to acquire 30% stakes of OICQ.com, the very first and largest ICQ website in the Mainland China. But she emphasized that both parties had not reached any formal agreement and the matter was still in discussion. If the agreement was concluded, it would be PCCW`s first investment in internet in the Mainland China.

The report wrote that the number of present staff members in OICQ.com was 1.6 million.

In addition, Yuen Tin-fan ,PCCW Vice Chairman said at the inaugural ceremony of the headquarters of PCCW`s subsidiary iLink.net in The Center that PCCW would announce in 1 or 2 weeks about the details of the investment in HWL`s subsidiary website tom.com.

(21/01/00) Infocast

[7034738000]

die vorherige meldung gibts auch auf deutsch:


HONGKONG (dpa-AFX) - Die Internetholding Pacific Century
CyberWorks Ltd will nach Informationen der
Tageszeitung Ming Pao Daily 30% an OIQO.com erwerben, einem
chinesischen Internet-Diskussionsforum. Die Zeitung beruft sich
auf die Aussage eines Unternehmensvertreters von Cyberworks,
dem zufolge bereits entsprechende Verhandlungen mit dem
Venture-Capital-Fonds IDG geführt werden. IDG ist der Eigner des
webbasierten Diskussionsforums.

Bisher sei noch keine Übereinkunft erzielt worden. Sollte es zu einem Geschäftsabschluss kommen, wäre dies das erste
Internet-Investment von Cyberworks auf dem chinesischen Festland.

Cyberworks werde in zwei Wochen Details zur Beteiligung an TOM.com veröffentlichen, sagte Francis Yuen,
Vorstandsmitglied von Cyberworks, am Rande der Eröffnungsfeier für iLink.net. Ilink.net ist ein Internetdienstleister an dem
Cyberworks 80% und DotCom Pacific Ltd. 20% hält./cs/ph

[Teasme]

Kann hier jemand chinesisch?

Aus dem Raging-Bull-Board: Post11551

NASDAQ listing rumor in HK yesterday!

It is reported in today`s Chinese HK paper (Apple Daily 1-22-00) that there were market rumors yesterday that PCCW`s NASDAQ listing is "imminent". They reported that according to a major American securities firm, it`s going to happen in Feb-Mar. Initial listing price target is $3 and $5 after its listing.

FWIW, those interested can read it at http://www.appledaily.com.hk/page/pointer/20000122/finb801.h…

[Teasme]

Anscheinend gibt es in USA mehr Chinesen als in GER

Wieder aus dem Raging-Bull-Board: post11598

Nasdaq listing - Translation
Article is taken from the Hong Kong Chinese-language Apple Daily`s finance section on Sat. Jan. 22 paper.
(http://us01.www.appledaily.com.hk/page/pointer/20000122/fin…

According to the close source of one US investment bank, Pacific Century Cyberworks (US:PCCLF, HK:1186) is possible for listing the NASDAQ between the February and March this year. Based on today`s closing place (in Hong Kong), which is US$ 2, it won`t rule out that the stock would see US$ 3 soon. The source is saying that the pricing for listing on NASDAQ is not that important, and the important is the activity after the listing. The source is predicting that the price for PCCLF after listing NASDAQ is expecting to see as high as US$ 5 in conservative view. So many big investment banks are accumulating alot in current level.

Das Gerücht haben wir ja schon länger - jetzt auch mal mit Quelle ...

[CPD2000]

SOUTH CHINA MORNING POST

http://www.scmp.com/News/Business/Article/FullText_asp_Artic…

Saturday, January 22, 2000

Hutchison lines up key Internet deal

BEN KWOK


--------------------------------------------------------------------------------
A Hutchison Whampoa subsidiary is close to forging a partnership with a United States-based e-commerce company in what would be a big step forward in the group`s global Internet strategy, according to sources.
The unit - Hutchison E-Commerce Resources - could conclude an agreement with a listed US company next week, the sources said.

Details of the arrangement were under discussion, the sources said.

The alliance would strengthen Hutchison`s integrated on-line services, with the deal covering everything from content and e-commerce to business solutions, they said.

Hutchison also aimed to list three of its Internet ventures this year - Tom.com, fixed-line operator Hutchison Global Crossing and Hutchison E-Commerce Resources - according to analysts who recently met senior executives.

Tom.com and Hutchison Global Crossing have already appointed BNP Peregrine and Goldman Sachs to act as sponsors for their listings, the analysts said.

Hutchison E-Commerce Resources, meanwhile, is planning to organise all Hutchison Group e-commerce activities under the same roof.

This would mean the unit handling the e-commerce operations of Hutchison`s business-to-consumer companies such as ParknShop, the supermarket chain, as well as its business-to-business companies such as Hongkong International Terminals (HIT).

Hutchison E-Commerce Resources would also hold such Hutchison Group assets as the $230 million worth of convertible notes in COMPUTER & TECH and Transportation Community Network (TCN).

TCN, which provides supply-chain solutions to shipping lines, has an 80 per cent stake in the Web site arena.com among its assets.

HIT has increased its stake in TCN to 80 per cent from 20 per cent last year.

Eddie Lau Kwok-Lap, an ABN Amro analyst, estimated the value of arena.com at $4.8 billion, assuming a price-to-sales ratio of 200.

"Hutchison would see a lot of Internet-related deal flows this year," Mr Lau said.

"The coverage of business can be pretty broad," Mr Lau added.

He said Tom.com would be responsible for content, while Hutchison Global Crossing would focus on infrastructure and Hutchison E-Commerce Resources on e-commerce and business solutions.

Analysts said it was difficult to assign a value to all of Hutchison`s Internet assets.

"The size of Hutchison`s Internet assets could be unbelievably high," an analyst said.

The analysts estimated the value of Hutchison Global Crossing at more than $20 billion, while Tom.com`s valuation was put at between $10 billion and $30 billion and Hutchison E-Commerce Resources`s valuation at $30 billion.

Many blue-chip companies in Hong Kong were searching for exciting on-line projects, but none had made the kind of progress Hutchison had, the analyst said.

"When it comes to technology, Hutchison is three or four years ahead of other blue-chip competitors, many of whom are still just talking about the business," the analyst said.

Hutchison chairman Li Ka-shing said this week that the group`s Internet business had been in operation for at least three years.

"The work has been done for a long time," Mr Li said.

"A lot of potential could be seen in the Internet world that could complement our business," Mr Li added.

[breakeven]

Hi CDP2000,
interessante news. Wie wir wissen hält PCCW 80% an TOM.com. Vater und Sohn arbeiten hier also zusammen.

Meine Frage: Was denkt Ihr über die Zusammenarbeit? Seht Ihr hierin Phantasien bezüglich Hutchinson Whampoa?

Laßt uns nach dem ganzen Müll der in den PCCW-threads derzeit gepostet wird mal wieder sachlich werden, ich bin gespannt!

Grüße breakeven.

[ZOOMZOOM]

hier bitte KEINE Kommentare

NUR NEWS

danke

13:49 PCCW (1186) hold a PC at 3:45pm for acquisition of internet assets
PCCW (1186) announced to hold a press conference at 3:45 pm to unveil a major acquisition of Internet assets.

(25/01/00)

[ZOOMZOOM]

PCCW in HK$2.9 bln shr placement-brokers

HONG KONG, Jan 25 (Reuters) - Pacific Century CyberWorks Ltd (PCCW) is in a share placement at HK$15.8 per share to raise up to HK$2.9 billion to finance a joint venture with U.S. Internet company CMGI (NasdaqNM:CMGI - news), brokers said.

PCCW was not immediately available for comment but the company has scheduled a news conference for 3:45 p.m. local time (0745 GMT) on Tuesday.

Trading in PCCW shares was suspended in the afternoon on Tuesday at the request of the company pending an announcement, the Hong Kong stock exchange said earlier.

PCCW shares rose HK$0.10 or 0.6 percent to end the morning at HK$16.65 before trading was suspended.

[ZOOMZOOM]

Hong Kong, Jan. 25 (Bloomberg) -- Pacific Century CyberWorks
Ltd., Asia`s largest Internet company outside Japan, is raising
HK$2.97 billion ($384 million) to fund an Internet venture with
CMGI Inc. of the U.S., according to BNP Paribas Peregrine
Securities.

CyberWorks will fund its side of the 50-50 venture by selling
new shares to its controlling shareholders, Pacific Century Group
and Pacific Century Regional Development, said BNP Prime
Peregrine, which is handling the sale. The two companies will
raise the money by first selling 188 million CyberWorks shares to
institutional investors at HK$15.80 each.

The venture, to be named CMGI Asia, will hold and manage
CMGI`s 18 investment units in the region. CyberWorks bought a 3.5
percent stake in CMGI in September through a $350 million share
swap. CMGI now owns 5.5 percent of the Hong Kong company.

More details are expected to be announced at a 3:45 p.m. news
conference in Hong Kong. CyberWorks Chairman Richard Li is
expected to attend the news conference.

Singapore-listed Pacific Century Regional Developments Ltd.,
which holds 49 percent of CyberWorks, asked that its shares be
suspended from trading from 2 p.m. ``pending an important price-
sensitive announcement`` by CyberWorks.

CyberWorks shares rose 0.6 percent to HK$16.65 in morning
trade. Pacific Century Regional Development surged 7.2 percent to
S$20.9. The stock rose 22 percent since last Thursday.

CyberWorks said last week it plans to buy a minority stake in
Tom.com, the Web portal owned by Cheung Kong (Holdings) Ltd. and
Hutchison Whampoa Ltd., and an announcement would be made in one
to two weeks time.

[Anselm99]

25.01.00, 09.59 Uhr:

Pacific Century CyberWorks und CMGI gründen Joint-Venture
HONGKONG (dpa-AFX) - Die Hongkonger Internetholding Pacific Century CyberWorks und die amerikanische Internetbeteiligungsfirma CMGI gründen ein Internet-Joint-Venture. Wie die beiden Firmen am Dienstag mitteilten, werden sie jeweils 50% an der CMGI Asia genannten Venture-Capital-Firma halten. Die Cyberworks-Aktie war vor Ankündigung des Joint-Ventures vom Handel ausgesetzt worden. Der letzte Kurs wurde bei 16,65 HKD ermittelt. Der Umsatz betrug bis dahin 77,79 Mio. Aktien.

Die beiden Firmen wollen durch die Platzierung von 188 Mio. Cyberworks-Aktien zu je 15,80 HKD bei institutionellen Anlegern Kapital für ihr Gemeinschaftsunternehmen erlösen. Dieser Aktienpreis liegt rund 5% unter dem zuletzt an der Börse festgestellten Kurs. Unter CMGI Asia will CMGI seine 18 Beteiligungstöchter aus der asiatischen Region zusammenfassen. CMGI Asia werde zunächst in vier Firmen investieren: Alta Vista, Engage Technologies, iCast und 1ClickCharge.

Am 24.September hatte sich CyberWorks bereits mit einem 350 Mio. USD Aktientausch zu 3,5% an CMGI beteiligt. CMGI halte seinerseits 5,5% an Pacific Century CyberWorks, hieß es./cs/kg




[e-mail]

[ZOOMZOOM]

18:37 Richard Li: PCCW`s (1186) investment in CMGI Asia may exceed $2.9 b
Richard Li, Chairman of Pacific Century CyberWorks (1186), admitted that the company`s placement raised USD 380 million (about $2.9 billion) in the market today. The proceed is sufficient for the investment in CMGI Asia, a joint veuture formed by CMGI and PCCW. He underlined that there is no limit for the investment amount of PCCW in CMGI Asia, and the investment in future may exceed the fund raised today.

PCCW and the largest global Internet company CMGI will hold 50% stakes of CMGI Asia each. CMGI Asia will locate its headquartered in Hong Kong.

According to the coorperation plan, CMGI Asia will assist CMGI`s 18 companies to develop business in Asia, these 18 companies will establish new companies and CMGI Asia will hold more than 60% stakes in these new companies, the balance will be held by these original 18 companies.

However, he said that CMGI Asia will only invest in coorperation projects in Asia of these 18 companies, excluding their investment in US for the time being.

He also said that this coorperation mainly brings in 18 companies of CMGI for investment, PCCW will assit these companies in management, promotion and financing.

George Chan, Executive Vice President of PCCW, said that the coorperation is not exclusive.

David Wetherell, Chairman and CEO of CMGI, also attended the press conference.



(25/01/00)

[ZOOMZOOM]

18:50 Li Ka Shing: PCCW (1186) 10% lower investment in tom.com implemented soon

Li Kar Shing, Chairman of Cheung Kong (0001), said after attending a signing ceremony this afternoon that Pacific Century CyberWorks (1186)(PCCW) invests into less than 10% of tom.com will be implemented soon. He also said that after PCCW`s investment, tom.com has no idea to introduce strategic shareholders before listing. He also disclosed that tom.com becomes mature.

Although Cheung Kong-HWL has recently concentrated on the development of e-commerce and internet business, Li said that the biggest item of investment of Cheung Kong is still properties. For the return of tom.com, Li did not reply directly, but said that unless there is substantial change in the world, Cheung Kong-HWL will not develop the item (internet) that causes the company to have a loss. He added that Cheung Kong-HWL has not done so well as today since the development.

Being asked about iBusinessCorporation.com jointly developed by Cheung Kong-HWL, HSBC and Hang Seng, Li said they are good partners and there have not been so many executive directors in Cheung Kong-HWL and it has not been so busy as today, indicating the company has a great chance for development.

Li said that there will be many chances of development for tom.com, including Hong Kong, the Mainland China and other foreign countries.

Being asked if the merger of C&W HKT with Singapore Telecom affects the telecommunications business of Hutchison (0013), Li said that Hutchison reviewed and considered in the several point of views after the news being released, yet he thought that this will surely not affect the business of Hutchison.

(25/01/00)

[M.A.R.]

!

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

[ZOOMZOOM]

DAOHENG Securities empfiehlt pccw zum Kauf:


PCCW (1186) BUY

$16.65

We think the formation of CMGi Asia, the 50:50 JV between CMGi and PCCW is positive and reflects the management`s ability to add value by finding strategic partners.

CMGi Asia will be the vehicle for launching US-based CMGi-owned Internet companies in the region, including Japan and more than 60 Asia-Pacific countries. CMGi Asia will enter into separate operating JVs with each company. Up to 18 JVs will be set up initially. However, management has not disclosed the amount of investment in the JVs.

The first four companies to be brought to Asia are Alta Vista (a search engine and premier media and commerce network), Engage Technologies (ENGA, a profile driven Internet marketing solutions provider with market cap of US$5.8bn), iCAST (a multi-media rich, online entertainment company) and 1ClickCharge (Internet payment service provider).

The introduction of the four companies is expected to enhance the launch of the NOW broadband service in mid 2000. Alta Vista and iCAST can create additional traffic, Engage Technology can tap the advertising market, and 1ClickCharge will do the same for e-commerce. We also expect PCCW to spin off each CMGI Asia JV in the future, which will potentially enhance the market cap of the company.

PCCW raised $2.97bn from a share placement yesterday to fund future business expansion. 188mn shares were placed at $15.80 each, representing a discount of 5.1% to the counter`s last traded price. The issue size represents only 2% of the enlarged share capital.

Elsewhere, Paramount`s (282) $855mn share placement was cancelled. It was reported the proposed asset injection was not approved by the Stock Exchange. The recent cancellations of share placements by Paramount and New World Cyberbase may cause negative market sentiment towards smaller technology counters.

[ZOOMZOOM]

CMGI and PCC (1186) to take over Asia



2000-01-26




CMGI bills itself as "a company constructed of companies," and having already collected over 60 internet ventures in the US, the webglomerate is coming after Asia in a 50/50 joint venture with Hong Kong`s Pacific Century CyberWorks.

In order to meet the funding needs for their half of CMGI Asia, PCC placed 188 million new shares at HK$15.80 (US$2.04) and will net $2.906 billion. BNP Peregrine, however, has an option to buy another 60 million shares at the same price, and if the option is exercised the total amount netted by PCC will be $3.8 billion -- more than enough to fund the 2.945 billion earmarked for the JV. PCC`s placement dilutes shareholdings by just less than 2.1% and brings the total number of shares outstanding to 9,255 million. Assuming the option is exercised in full, the total dilution will be 2.7% with 9,315 million shares outstanding.

This is not the first time for CMGI and PCC to get together. A September 1999 $2.7 billion (US$350 million) equity swap began the two companies` relationship and gave CMGI 4.9% of PCC, relegating original 60/40 PCC shareholder Intel to a distant third place with less than 1%.

Though there are over 60 companies in CMGI`s corral, at first only four -- AltaVista, 1ClickCharge, iCAST, and Engage Technologies -- will team up with CMGI Asia. Of the four, only Engage is listed (Nasdaq: ENGA). Engage`s operating expenses have at best been more than two times its revenue and the company has accumulated net losses of more than US$66 million in the past three years. CMGI Asia will hold 60% of these sub-JVs with the individual operating company holding the other 40%.

CMGI reported net income in 1998 and 1999. However, these positive bottom lines were the result of non-operating income sources with the company`s operations alone bleeding money (US$127 million for the fiscal year ending July 31, 1999 and already US$275 million in the following quarter).

For PCC, its US$58 million investment in more than 25 internet firms will be boosted by the possible addition of a range of American internet companies which already have well-established brand names. But the "company constructed of companies" strategy, for both CMGI and PCC, still seems to lack that one crucial factor that will eventually become somewhat important: profit.

[Goesy]

Ich habe bei ftor.de noch einen Beitrag aus dem Emerging Markets Investor vom 26.01.2000 gefunden, der die positiven Meinungen zu PCCW bestätigt und zum Kauf der Aktie rät:


Pacific Century Cyberworks kaufen

Pacific Century Cyberworks (PCCW) gelte zum gegenwärtigen Zeitpunkt als das zentrale Investment in diesem heißen Sektor. Das Unternehmen des Richard Li nutze derzeit jede Menge Investitionschancen. Ganz nach dem Motto des japanischen Vorbilds Masayoshi Son, dem Vorsitzenden der Erfolgsstory Softbank. Die Devise laute, zu investieren, bevor die Zeit davon laufe! Diese Maxime müssten die Aktienanleger laut EMI beherzigen, um den entscheiden Teil der oft vertikalen Kursanstiege nicht zu verpassen. Die Perspektive von PCCW werde von Credit Lyonnais Global Emerging Markets als erstklassig beschrieben. Die Gesellschaft sei auf jeden Fall in vorderster Reihe mit dabei, wenn die angestrebte Integration von Internet und TV via Breitbandkabel und Satellit umgesetzt werde. Heute nutzten laut CSFB (HK) Ltd. erst 2,4 Mio. Chinesen das neue Medium – in drei Jahren sollen es bereits 16 Mio. sein. Bis zum Jahr 2007 würden weltweit eine Milliarde Menschen Zugang zum Internet haben – bis zu 300 Mio. davon in Asien. Vor diesem phantastischen Hintergrund würden sich für Aktieninvestoren Riesenchanchen bieten.

Die Experten raten die Aktien zu kaufen, auch nach dem bereits starken Kursanstieg jetzt ganz zielstrebig als Grundbaustein für das jeweilige asiatische Internet-Portfolio.

MfG, Goesy

[CPD2000]

Wednesday, January 26 7:27 PM SGT

Lehman Brothers Lifts Pacific Century Cyberworks To 1-Buy
HONG KONG (Dow Jones)--Lehman Brothers said Wednesday it has upgraded its buy recommendation on Pacific Century CyberWorks (H.PCW) to its highest rating, 1-Buy.
"Its joint venture with CMGI will significantly enhance the company`s scope to create shareholder value," it said in a release.

CMGI Inc. (CMGI), a U.S. Internet holding company, and Pacific Century CyberWorks announced this week they have formed a joint venture to invest in Asian Internet businesses.

According to Ravi Sarathy, head of Asian communications and Internet research, "the joint venture takes the company into its next phase of development, opening the door to participate in, and benefit from the roll out of global Internet brands in Asia."

Lehman said against a "sum of parts" value of HK$10 per share, it has "set an aggressive 12-month strategic value share target of HK$35 per share."

http://asia.biz.yahoo.com/news/asian_markets/dowjones/articl…

[CPD2000]

Thursday, January 27 11:11 AM SGT

MARKET TALK-HK: CyberWorks Up 5.9% On Lehman Upgrade
1107 [Dow Jones] Shares in Pacific Century CyberWorks (1186) lead gains in technology sector; stock now up 5.9% to $18.90. Traders say shares boosted by Lehman`s report upgrading stock to its highest rating, 1-Buy, and setting 12-month target price at $35. Kitty Chan, fund manager at APC Investment Management Services, says some investors are switching from New World CyberBase (0276) to CyberWorks since New World CyberBase`s recent share placement was canceled.(KWW)

Thursday, January 27 9:05 AM SGT

0835 [Dow Jones] Singapore`s Horizon.com, 5% owned by Pacific Century CyberWorks (1186), likely to gain further after strong debut yesterday which took it up 124% to S$4.22. Analysts say stock could hit S$6 or S$7 by year end; "the price could very well go up to S$6.00. I am getting orders even at above S$4.20," dealer with Japanese brokerage says.(AXT)

[CPD2000]

!

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

[Hannes.A]

Hier Pacific Century CyberWorks:
Allianz mit CMGI
Ein wahres Schwergewicht hat sich unser
Depotwert Pacific Century CyberWorks
(PCCW) ins Boot geholt. Am Dienstag gaben die
Asiaten bekannt, dass sie ein Joint Venture mit
der amerikanischen CMGI, einem der weltgrößten
Internetanbieter, eingehen werden. Die
CMGI unterhält mit über 60 Unternehmen das
größte und diversifizierteste Netzwerk im Internet.
Im Netzwerk enthalten sind sowohl CMGI-Töchter
als auch eine steigende Anzahl von Kapitalbeteiligungen
an Fremdfirmen.
Bei dem angestrebten Joint Venture werden
PCCW und CMGI jeweils die gleichen Anteile
halten. Das gemeinsame Kind soll auf den
Namen „CMGI Asia“ getauft werden. Der Aufga-benbereich
ist klar abgesteckt. CMGI Asia wird
als Holding und Managementunternehmen
agieren, um weitere CMGI-Firmen in der asiatisch-
pazifischen Region zu etablieren.
ein separates Joint Venture eingehen. CMGI
Asia soll dabei 60% und jede CMGI-Tochter 40%
der Anteile halten. Insgesamt sollen auf diesm
Weg 18 CMGI-Ableger ihren Weg nach Asien
finden. Der Startschuss fällt zunächst mit 4
CMGI-Filias. Darunter die AltaVista, Engage
Technologies, iCast und 1ClickCharge.
Der Markt nahm die Nachricht sehr gut auf.
Nachdem der Wert zunächst am Dienstag (25.1.)
in Hong Kong und damit auch in Deutschland
vom Handel ausgesetzt wurde, verzeichnete das
Papier der PCCW (WKN 924 882) am Mittwoch
Kursanstiege jenseits der 12%-Marke.
Die PCCW wartete noch mit einer weiteren
positiven Nachricht auf. Im Rahmen eines Handelsabkommens
wird die Horizon.com, eine
Internetfirma in Singapur, ihre Produkte und
Dienste über das Netzwerk der Pacific Century
CyberWorks anbieten. Im Gegenzug erhält die
PCCW einen prozentualen Anteil der Umsätze. “

Auszug aus dem Platovbrief vom 27.01.2000

[CPD2000]

Saturday, January 29 2:39 PM SGT

HK Cheung Kong, Hutchison Whampoa To List Tom.com -Report
HONG KONG (Dow Jones)--Cheung Kong Holdings Ltd. (H.CKH) and Hutchison Whampoa Ltd. (H.HUW) have decided to list their new Internet company tom.com on the second board of Hong Kong by the end of February, the Oriental Daily News reported Saturday.
The Chinese-language newspaper quoted unnamed sources as saying the Hong Stock Exchange`s listing committee has received the application.

Initial market capitalization of tom.com will exceed HK$1 billion, the newspaper reported.

Cheung Kong and Hutchison Whampoa could not be reached for comment.

http://asia.biz.yahoo.com/news/asian_markets/dowjones/articl…

[CPD2000]

BIG NEWS

Tuesday February 1 8:31am

DigiScents(TM) Secures 10M USD Funding From Pacific Century CyberWorks

PR Newswire


Companies to Stream Scents to Internet, E-Commerce and Interactive Television

Market Across Asia

OAKLAND, Calif. and HONG KONG, Feb. 1 /PRNewswire/ -- DigiScents, Inc., (www.digiscents.com), the pioneer of Digital Scent Technology(TM), announced today that it has raised US$10 million in cash financing from Hong Kong-listed Pacific Century CyberWorks Limited (Hong Kong: 1186; "PCCW"). PCCW is the technology flagship of the Pacific Century Group.

...

http://www.zdii.com/industry_list.asp?mode=news&doc_id=PR200…

[CPD2000]

PCCLF investment Sina.com deal w/XNET for ISP-
Exclusive ISP Agreement Signed With Sina.com

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 1, 2000--The board of directors of Xin Net
Corp. (OTCBB:XNET - news)is pleased to announce that SINA.com, a private company, has signed an
agreement to use www.xinnet.com.cn (Xinnet) to provide Internet access to SINA.com users initially in Beijing (pop. 12 million).

The agreement covers a 12-month period starting on March 15th, 2000. SINA.com is the world`s most popular Chinese-language
portal with 1.3 million registered users and 220 million monthly page views as of November 1999.

Under the agreement, SINA.com registered users will sign-up with Xinnet and ...


http://financialville.swiftmessage.com/BoardMain.asp?WCI=Mes…

[PCC]

Hallo ,

wer kann mir die Internetadresse nennen, unter der ich abends
die Pacific century cyberworks abrufen kann, unter welchem Kürzel
wird die Aktie in New York gehandelt,

ebenso die Frage für Hongkong............

Danke!

[armonmuriel]

Nachstehend eine Analyse über Pacific Century Cyberworks:

26.01.2000
Pacific Century Cyberworks kaufen
Emerging Markets Investor

Die Redaktion des Börsenbriefes Emerging Markets Investor empfiehlt
derzeit die Aktien der PCCW weiterhin zum Kauf.

PCCW gelte zum gegenwärtigen Zeitpunkt als das zentrale Investment
in diesem heissen Sektor. Das Unternehmen des Richard Li nutze der-
zeit jede Menge Investitionschancen. Ganz nach dem Motto des japa-
nischen Vorbilds Masayoshi Son, dem Vorsitzenden der Erfolgsstory
Softbank. Die Devise laute, zu investieren, bevor die Zeit davonlaufe!
Diese Maxime müssten die Aktienanleger laut EMI beherzigen, um den
entscheiden Teil der oft vertikalen Kursanstiege nicht zu verpassen.
Die Perspektive von PCCW werde von Credit Lyonnais Global Emerging
Markets als erstklassig beschrieben. Die Gesellschaft sei auf jeden
Fall in vorderster Reihe mit dabei, wenn die angestrebte Integration
von Internet und TV via Breitbandkabel und Satellit umgesetzt werde.
Heute nutzten laut CSFB (HK) Ltd. erst 2,4 Mio. Chinesen das neue Me-
dium - in drei Jahren sollen es bereits 16 Mio. sein. Bis zum Jahr 2007
würden weltweit eine Milliarde Menschen Zugang zum Internet haben -
bis zu 300 Mio. davon in Asien. Vor diesem phantastischen Hintergrund
würden sich für Aktieninvestoren Riesenchancen bieten.

Die Experten raten die Aktien zu kaufen, auch nach dem bereits starken
Kursanstieg jetzt ganz zielstrebig als Grundbaustein für das jeweilige
asiatische Internet-Portfolio.

Gruss
armonmuriel

[Terminatrix]

PCCW wird noch gar nicht in New York gehandelt. Soll aber im Februar kommen. In HOngkong HK.1186.

[PCC]

Danke Terminatrix,

hast Du auch die Internetadresse für Hongkong,
wo ich den Kurs abrufen kann?
Vorab vielen Dank!

PCC

[kostjagarnix]

http://quote.yahoo.com/q?s=1186.hk+&d=v1

das "kostjagarnix"

[einzelheinz]

http://www.int.quamnet.com/
oben links 1186 eingeben.

[CPD2000]

NEW(?) INVESTMENT

Maveron Invests in Weave Innovations -- Company to Connect Digital Photo FramesWith Cameras and Film in a Worldwide Photo-Sharing Network
Mon Feb 07 06:22:00 EST 2000

SANTA CLARA, Calif., Feb 7, 2000 (BUSINESS WIRE) -- Weave Innovations, Inc. and
Maveron LLC today announced a strategic investment in Weave Innovations,
creators of the StoryBox(TM) platform (see other release).

As part of the Maveron investment, Zack Herlick will join the Weave Innovations
Board of Directors. Already in its second year, Weave Innovations today
announced the StoryBox platform, which will connect cameras, film, and picture
frames in a worldwide network for viewing and sharing digital images -- with or
without a PC. Other new investors include Eastman Kodak and Pacific Century
CyberWorks.

"Maveron is recognized the world over as a venture capital firm with top-tier
strategic resources," said Robert Siegel, President and CEO, Weave Innovations,
Inc. "With the combined experience and talent of Maveron and the Weave
Innovations management team and advisors, there is little doubt that Weave
Innovations will succeed on the goals we have set for the StoryBox platform."

"Maveron invests in companies with great technology and consumer understanding,"
said Zack Herlick, Partner, Maveron LLC. "Weave Innovations has built a
compelling product experience in StoryBox, with a focus on the consumer -- not
only the technology. Weave Innovations has the poise and leadership to lead this
new category from inception through maturation."


The StoryBox Platform

The StoryBox platform combines the StoryBox Connected Frame and the
simple-to-use StoryBox Network(SM). Fundamentally simplifying the way people
share pictures and bring pictures into the home, the StoryBox platform enables
consumers to share personal images with friends and family and receive highly
personalized information. With the press of the Share! button on the StoryBox
Connected Frame, frame owners can send pictures directly to other StoryBox
Connected Frames anywhere in the world -- no PC required. The StoryBox Connected
Frame will be available from select manufacturers later this year at a target
retail price of $299 with a minimal monthly service fee.


About Maveron LLC

Maveron is a venture capital firm dedicated to bringing a differentiated
perspective to consumer investing. It was founded in 1998 by Dan Levitan,
formerly head of Consumer Investment Banking at Schroders and Howard Schultz,
Chairman and CEO of Starbucks Coffee Company. Maveron is focused exclusively on
consumer businesses, including specialty retailing, electronic commerce and
consumer products and services. Its group of limited partners, comprised of a
broad range of sophisticated individual investors and a few key institutions, is
committed to providing strategic and financial support to outstanding management
teams of consumer businesses. Portfolio companies as of December 1999 include
eBay, Drugstore.com, The Motley Fool, Flooz.com, DoughNET.com, EXP.com,
U-access, Illuminations, Apex Learning, PeoplePC, Lucy.com and Brand Farm.
Headquartered in Seattle, Washington, Maveron can be reached at 206/447-1300 or
www.maveron.com.


About Weave Innovations

Started in 1998, Weave Innovations builds products and services that leverage
the Internet to enhance the way people communicate with each other. Combining
the StoryBox Connected Frame and the simple-to-use StoryBox Network, the
company`s StoryBox platform delivers an entirely new consumer experience. The
company`s core philosophy is that quality of life matters, not technology --
technology is merely a means to an end. The Weave Innovations management team
consists of experienced executives and engineers from storied Silicon
Valley-based companies, such as Intel Corporation, Silicon Graphics Inc., and
Wink Communications. Investors include Maveron LLC, Eastman Kodak Company,
Pacific Century CyberWorks, The Phoenix Partners, Peterson Ventures and Ridge
Ventures. For more information, please visit www.weaveinnovations.com or
www.storybox.com.

Note to Editors: StoryBox, StoryBox Connected Frame, StoryBox Network and Weave
Innovations are trademarks of Weave Innovations, Inc. All other trademarks are
the property of their respective owners.


Distributed via COMTEX.

Copyright (C) 2000 Business Wire. All rights reserved.

[CPD2000]

MARKET TALK-HK: China Online To Sell CyberWorks Stake
0914 [Dow Jones] China Online (0383) seen benefitting from news it has raised $176.6 million by selling 9.7 million shares in Pacific Century CyberWorks (1186) (representing 4.85% of total stake in CyberWorks held by China Online) at between $16.00 and $20.00 each, trader at local brokerage says; China Online says it plans to gradually offload holding in CyberWorks as CyberWorks has deviated from original business strategy. Traders expect China Science-Technology (0985), which owns 33.08% stake in China Online, to benefit from disposal; boost may be short-lived as disposing of stakes in CyberWorks also means offloading one of its most high growth businesses; say won`t have much impact on CyberWorks as offloaded stake is marginal.(STT)

Tuesday, February 8 9:43 AM SGT

MARKET TALK-HK: Tech Stks Expected To Outperform...
0936 [Dow Jones] Second and third-line technology stocks likely to outperform broad market after record high on Nasdaq overnight, say traders; "unlike blue chips, technology stocks, especially second and third-line ones, are under smaller selling pressure because many individual investors will hold onto the smaller tech plays, hoping they will become acquisition targets," says trader with local brokerage. Pacific Century CyberWorks (1186) expected to lead gains in sector, despite news China Online (0383) is selling 9.7 million CyberWorks shares, as "amount seems insignificant", trader says.(KWW)

[CPD2000]

Thursday, February 10, 2000

TECHNOLOGY

Ming Pao in talks with CyberWorks
DENISE TSANG


--------------------------------------------------------------------------------
Publisher Ming Pao Enterprise`s Web concern Ming
pao.com is in discussions with Pacific Century CyberWorks and could sell the company a stake in its site.

Mingpao.com is holding talks about "commercial activities", executive director Francis Tiong Kiew Chiong said.

"We won`t rule out selling a stake of Mingpao.com to CyberWorks," he said.

Mingpao.com, an Internet content provider, owns the rights for on-line publishing of all Ming Pao`s 10 publications, among them Chinese-language daily newspaper Ming Pao and magazines Hi-tech Weekly and Yazhou Zhoukan.

Mr Tiong also said the Web site, launched in 1995, would be expanded during the next two years at a cost of up to $200 million.

He said the money would be invested in new equipment to provide multi-media news and information. On February 3, Mingpao.com sold a 10 per cent stake to CCT Telecom Holdings for $100 million.

The sale of a minority interest in Mingpao.com to CCT valued Mingpao.com at $1 billion.

Mr Tiong said the valuation was justified by Ming

pao.com`s fast-growing number of page viewers.

Last month, 1.4 million people visited the site on an average day, compared with 1.1 million in October last year.

"We hope the Web site will generate a profit in two years," Mr Tiong said.

He said that Mingpao.com eventually would be listed on the stock market.

However, he said no definite listing plan was in place yet.

"We`ll do this at a suitable time," Mr Tiong said.

Ming Pao shares dropped 17.89 per cent yesterday to finish at $3.90.


http://www.scmp.com/News/Business/Article/FullText_asp_Artic…

[PCC]

Kann mir jemand den letzten Beitrag in Deutsch näherbringen?
Zumindest im Tenor!

Danke

[starwatcher]

Hallo, PCC,

mach ich gerne: hier "schnell und dreckig":



Ming Tao im Gespräch mit Cyberworks

die Firma Mingpao ist in Gesprächem mit PCCW und könnte ihr einen Anteil
an ihrem Unternehmen verkaufen.

Mingpao führe Gespräche über "geschäftliche Aktivitäten", erklärt Exxecutive Director TKC.
"Wir werden einen Anteilverkauf von Mingpao an PCCW nicht ausschliessen".

Mingpao.com, ein Internetanbieter, hält die Rechte am Online-Publishing von allen 10 Publikationen der Gruppe, darunter das chinesich-sprachige
Mingpao Newspaper sowie die zeitschriften "hightec weekly und Yazhou Zhoukan".

Mr. Tiong führte ebefalls aus, dass die 1995 eröffnete web-site in den kommenden 2 Jahren mit einem Auwand von $200 millionen ausgebaut würde.
Er erklärte dass das geld in neue Gerätschaften investiert würde, um
multimedia news und informationen zur verfügung zu stellen.
Bereits am 3. Februar verkaufte mingpao einen 10% anteil an CCT Telecom Holdings für $100 millionen.
Der verkauf einer Minderheitenbeteiligung an CCT brachte mingpao bereits $1 Milliarde.

Mr. Tong sagt, dass das Investment durch die stark ansteigende anzahl der web-hits gerechtfertigt sei.
Letzten monat besuchten durchschnittlich 1.4 millionen besucher die website im vergleich zu 1.1. millim oktober des letzten jahres.

"Wir hoffen, dass die website uns in 2 jahren in die gewinnzone bringt" sagt Tiong

Mingpao würde vielliecht an der börse notiert werden, aber es gäbe noch keine konkreten pläne.

"wir machen dass zur passenden zeit", sagt er.

Ming pao aktien fielen gestern um 17.89 cent auf $3.90


Beste Gruesse - Starwatcher Rheinland

[CPD2000]

Threesome deal over HKT is out: sources
SingTel, CyberWorks keen to debunk rumours they sought each other out

By catherine ong

[SINGAPORE]

A

three-way merger between Singapore Telecom, Pacific Century Cy berworks and Cable & Wire less HKT is not on the cards, informed sources said yester day.

Indeed, both SingTel and CyberWorks appeared keen to debunk rumours that they sought each other out over the weekend for a joint bid.

CyberWorks` boss, Rich ard Li, was said to have spo ken over the phone with Sing Tel president BG Lee Hsien Yang, but sources close to the Hongkong tycoon dismissed a Singapore newspaper report that the call was to send out `feelers on a joint bid.

Sources added that Sing Tel too isn`t keen on a third party muscling its way in at this stage.

CyberWorks` head office in Hongkong was also miffed by the suggestion in the news report that the company did not have enough funds to match SingTel`s offer, BT learnt.

Flexing its fund-raising power yesterday, Cyber Works raised US$1 billion (S$2.69 billion) within hours of the stock market opening. The placement of 250 million shares at HK$23.50 a share, coupled with a greenshoe op tion of 85 million shares at the same price, was done through BNP Prime Peregrine Securities, BOCI Asia, Warburg Dillon Read and Credit Suisse First Boston.

Together with five placements last year, including one raising US$500 million in December, and sales of investments, CyberWorks has cash reserves in excess of US$2 billion. Analysts said the company can use bank borrowings to meet any cash shortfall needed to match the cash portion of SingTel`s offer, thought to be close to À4 billion (S$10.8 billion).

But CyberWorks is likely to seek out a strategic partner, rather than strain its balance sheet by going alone, the analysts said.

HKT share price continued to zoom yesterday, closing a massive 22 per cent higher at a record HK$26.40, after rising by more than a fifth on Friday. SingTel shares slipped another 2.5 per cent to S$2.69 after falling 1.8 per cent last Friday.

Cable & Wireless plc, HKT`s London parent, rose 1.4 per cent in early trading to À13.77.

"Anyway you look at it, the news is positive for Cable & Wireless," Kevin Lapwood, an analyst at Charterhouse Securities in London, told Bloomberg. "We have the stock on a buy with the target price at À14.80." CyberWorks, in a statement to the stock exchange yesterday, said the HK$5.757 billion (US$740 million) net proceeds from yesterday`s placement will be used to part finance its proposed merger with HKT. But in the event that the transaction does not proceed, they will be used for information technology and Internet investments.

SingTel, for its part, is sticking by the merger proposal it has agreed with C&W plc and which is before the HKT board, investment bankers said. Over the weekend, it denied a Hongkong Standard report that it is trying to pull out of the merger talks.

Its deal has, however, run into opposition from independent directors on the HKT board who have insisted, among other things, that Temasek Holding`s voting rights in the proposed merged company be capped at 29.9 per cent, despite its planned purchase of between 40-45 per cent of HKT. Temasek, the government investment holding company, is also being required to trim its stake to below 30 per cent.

The demand, sources said, was to allay concern that the Singapore government would, through the deal, gain a large control over Hongkong`s telecom market. A veteran telecoms executive said in markets like the US, the regulators have halted mergers involving companies owned by foreign governments or by companies from countries with protected markets. Singapore opened its market fully last month.

The independent directors` intransigence is said to be taxing the patience of some of the directors of C&W plc who want to see a deal done sooner rather than later.

Among HKT`s independent directors is David KP Li, the chairman and chief executive of Bank of East Asia and a pro-China politician who has been a long-time member of Hongkong`s legislative council.

Last Friday`s announcement by CyberWorks was thus seen by many observers as being politically inspired. Fuelling that speculation was the appointment of Bank of China International as a financial advisor alongside Warburg Dillon Read. The Chinese bank is not on the regular list of investment banks retained by Mr Li`s companies.

Meanwhile, AT&T Corp has dismissed as "market speculation" a Hongkong newspaper report which claimed it may make a bid for HKT. Telecom sources said this is unlikely to be true as the US carrier is known to be selling out of investments outside of America to concentrate on building up its domestic phone business.

Japan`s Hikari Tsushin Inc, which agreed to swap US$1 billion worth of shares with CyberWorks, has also denied interest. "We haven`t heard such a proposal," said a spokeswoman, adding that it is "not considering buying Cable & Wireless HKT"

http://business-times.asia1.com.sg/2/news/nfrnt02.html

[CPD2000]

Speculation Swirls Over PCCW Bid Partners Wednesday February 16, 2000 - 07:11AM

HONG KONG - Speculation swirled on Wednesday over possible partners for Pacific Century CyberWorks Ltd`s bid for Cable & Wireless HKT, but several big Asian telecom players denied involvement or declined comment.

China Telecom (Hong Kong) Ltd and its parent company on Wednesday denied local newspaper reports they were in talks to back Pacific Century, which is vying with Singapore Telecommunications Ltd (SingTel) for control of Hong Kong`s biggest telecom firm.

The Chinese-language Hong Kong Economic Times and the Apple Daily both had reported the China Telecom group and Australia`s Telstra Corp Ltd were among a number of companies said to be discussing cooperation with Pacific Century (PCCW) in its C&W HKT bid.

``This report appears to be highly speculative and unsourced. It`s not our practice to comment on every piece of market speculation,`` a Telstra spokesman said in Sydney.

The reports also suggested a team of buyers could carve up C&W HKT and take respective parts that would fit their core businesses. Pacific Century and Telstra would be most interested in the company`s Hong Kong digital broadband network and Internet operations while China Telecom could take over its mobile operations.

DENIALS FROM CHINA TEL, NTT

``Up to this moment the listed company has not been involved in any discussions regarding Cable & Wireless,`` said a spokesman for Hong Kong-listed China Telecom (Hong Kong).

A spokesman for its mainland parent, China Telecom (Hong Kong) Group Ltd also denied the reports. The non-listed parent, ultimately controlled by China`s Ministry of Information Industry, owns a 10.7 percent stake in C&W HKT.

The international service arm of Japan`s Nippon Telegraph and Telephone Corp, also told Reuters it had no interest in the teaming up with Pacific Century.

NTT entered the Hong Kong market last year by buying a 49 percent interest in Internet service provider HKNet Co for 1.57 billion yen.

HKNet, in partnership with U.S.-based Teligent Inc, is set to become a full-fledged competitor to C&W HKT after it won licences to operate a local fixed network using wireless technology and to operate an international call gateway.

A Pacific Century spokeswoman declined to comment on the reports about possible partners.

``No comment. There are just so many rumors out there,`` the spokeswoman said.

Adding to its war chest, Pacific Century separately announced that the underwriters of its latest share placement would fully exercise an overallotment option, bringing the total deal to 335 million shares at HK$23.50, netting total proceeds of HK$7.704 billion (US$990 million).

BACK TO THE INTERNET

As its yet-to-be-detailed offer plan -- and ongoing talks between C&W HKT and SingTel -- simmered in the background, Pacific Century did not sit still in the fast-moving Internet investment arena on Wednesday.

It announced it made a strategic investment in a U.S. Internet firm, Weave Innovations, the developer of a technology
allowing consumers to share and reprint digital photographs with or without a personal computer.

It said its venture capital arm, CyberWorksVentures, now has investments worth more than US$1.5 billion. The venture capital investments have been Pacific Century`s most high-profile activity in recent months.

It also is developing a pan-Asian broadband Internet service to be delivered via satellite and Cable Television and is developing the US$1.6 billion Cyber-Port business park development in Hong Kong.

SHARES FALL

But despite the investment announcement and the speculation over possible partners, Pacific Century shares had fallen nearly four percent to HK$25.35 in Wednesday afternoon trade.

Brokers said investors were waiting for more news on the merger talks to develop. In the meantime, they were taking back some of their strong profits on earlier gains.

``There`s not been much news divulged. Both PCCW and Cable & Wireless are giving a little bit back, since both have obviously jumped up so much,`` said Jerry Pang, institutional sales manager at HSBC Securities.

C&W HKT shares were down nearly two percent to HK$24.15.

http://www.money.net/